SPDR Gold MiniShares Trust (GLDM)
Market Price (9/17/2026): $86.43
SPDR Gold MiniShares Trust (GLDM)
Market Price (9/17/2026): $86.43
Key Takeaways
- GLDM has returned -1.0% YTD vs +10.9% for SPY; +15.7% over the past 12 months (SPY +15.2%). details →
- Over the past month, GLDM has seen net inflows of +$2.01B (+6.3% of assets). details →
- GLDM trades 21% below its 52-week high. details →
- Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.2 vs 1.0. details →
- GLDM's -1.0% YTD is behind its typical pace — it averaged +10.9% at this point (September 16) over the past 5 years. details →
Asset Allocation with GLDM
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.7%
Volatility
10.9%
Sharpe
0.82
YTD
+5.6%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.
Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GLDM Return | -4% | -0% | 13% | 27% | 64% | -0% | 124% |
| Peers Return | -4% | -1% | 13% | 27% | 64% | 3% | 131% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| GLDM Win Rate | 50% | 33% | 58% | 67% | 83% | 44% | |
| Peers Win Rate | 44% | 33% | 58% | 67% | 83% | 54% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| GLDM Max Drawdown | -14% | -21% | -11% | -8% | -10% | -26% | |
| Peers Max Drawdown | -14% | -21% | -11% | -8% | -10% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GLD, IAU, SGOL, BAR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/16/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 8312026.
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Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| DIA | State Street SPDR Dow Jones Industrial Average ETF Trust | -5.1% | 515.22 | 9162026 | 542.81 | 8052026 | 42 |
| QQQ | Invesco QQQ Trust, Series 1 | -5.6% | 704.72 | 9162026 | 746.16 | 6022026 | 106 |
| QQQM | Invesco NASDAQ 100 ETF | -5.5% | 290.20 | 9162026 | 307.23 | 6022026 | 106 |
| QQEW | First Trust Nasdaq-100 Select Equal Weight ETF | -6.6% | 155.99 | 9162026 | 167.03 | 8132026 | 34 |
| IJH | iShares Core S&P Mid-Cap ETF | -7.5% | 72.80 | 9162026 | 78.67 | 8162026 | 31 |
| VO | Vanguard Mid-Cap ETF | -5.8% | 79.54 | 9162026 | 84.46 | 8162026 | 31 |
| IWR | iShares Russell Mid-Cap ETF | -6.1% | 107.83 | 9162026 | 114.82 | 8162026 | 31 |
| MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | -7.1% | 665.88 | 9162026 | 716.91 | 8162026 | 31 |
| SCHM | Schwab U.S. Mid-Cap ETF | -6.3% | 34.56 | 9162026 | 36.87 | 6302026 | 78 |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | -7.1% | 123.63 | 9162026 | 133.08 | 8162026 | 31 |
| IJR | iShares Core S&P Small-Cap ETF | -7.3% | 139.46 | 9162026 | 150.44 | 8162026 | 31 |
| VB | Vanguard Small-Cap ETF | -6.6% | 288.98 | 9162026 | 309.29 | 8162026 | 31 |
| IWM | iShares Russell 2000 ETF | -6.9% | 283.92 | 9162026 | 305.09 | 8162026 | 31 |
| SCHA | Schwab U.S. Small-Cap ETF | -8.5% | 33.06 | 9162026 | 36.13 | 6302026 | 78 |
| VTWO | Vanguard Russell 2000 ETF | -6.7% | 115.07 | 9162026 | 123.31 | 8162026 | 31 |
| DFAS | Dimensional U.S. Small Cap ETF | -6.1% | 79.29 | 9162026 | 84.48 | 8162026 | 31 |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | -6.6% | 52.92 | 9162026 | 56.64 | 8162026 | 31 |
| NUSC | Nuveen ESG Small-Cap ETF | -6.9% | 49.57 | 9162026 | 53.27 | 8162026 | 31 |
| IWF | iShares Russell 1000 Growth ETF | -6.3% | 120.54 | 9162026 | 128.66 | 6012026 | 107 |
| VONG | Vanguard Russell 1000 Growth ETF | -6.1% | 124.23 | 9162026 | 132.35 | 6012026 | 107 |
| AKRE | Akre Focus ETF | -9.2% | 56.19 | 9162026 | 61.85 | 8302026 | 17 |
| IWP | iShares Russell Mid-Cap Growth ETF | -8.2% | 135.56 | 9162026 | 147.70 | 8172026 | 30 |
| VOT | Vanguard Mid-Cap Growth ETF | -7.8% | 289.52 | 9162026 | 314.02 | 8162026 | 31 |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | -8.4% | 109.14 | 9162026 | 119.11 | 8172026 | 30 |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | -8.3% | 104.26 | 9162026 | 113.69 | 8172026 | 30 |
| IWO | iShares Russell 2000 Growth ETF | -8.7% | 361.11 | 9162026 | 395.65 | 8162026 | 31 |
| VBK | Vanguard Small-Cap Growth ETF | -8.5% | 335.15 | 9162026 | 366.24 | 8172026 | 30 |
| IJT | iShares S&P Small-Cap 600 Growth ETF | -8.9% | 163.20 | 9162026 | 179.07 | 8042026 | 43 |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | -8.6% | 109.17 | 9162026 | 119.50 | 8042026 | 43 |
| IWS | iShares Russell Mid-Cap Value ETF | -5.5% | 163.91 | 9162026 | 173.44 | 8162026 | 31 |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | -6.4% | 141.98 | 9162026 | 151.67 | 8162026 | 31 |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | -6.0% | 91.53 | 9162026 | 97.39 | 8162026 | 31 |
| VBR | Vanguard Small-Cap Value ETF | -5.1% | 238.83 | 9162026 | 251.66 | 8162026 | 31 |
| IWN | iShares Russell 2000 Value ETF | -5.1% | 215.86 | 9162026 | 227.43 | 8162026 | 31 |
| IJS | iShares S&P Small-Cap 600 Value ETF | -6.0% | 132.23 | 9162026 | 140.68 | 8162026 | 31 |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | -5.6% | 105.94 | 9162026 | 112.22 | 8162026 | 31 |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | -5.6% | 114.02 | 9162026 | 120.76 | 8162026 | 31 |
| IEMG | iShares Core MSCI Emerging Markets ETF | -6.8% | 80.11 | 9162026 | 86.00 | 6222026 | 86 |
| EEM | iShares MSCI Emerging Markets ETF | -7.7% | 65.72 | 9162026 | 71.21 | 6222026 | 86 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -10.8% | 33.28 | 9162026 | 37.30 | 6222026 | 86 |
| EWY | iShares MSCI South Korea ETF | -19.9% | 175.54 | 9162026 | 219.20 | 6212026 | 87 |
| EWZ | iShares MSCI Brazil ETF | -10.2% | 37.48 | 9162026 | 41.73 | 4142026 | 155 |
| FXI | iShares China Large-Cap ETF | -11.3% | 33.92 | 9162026 | 38.26 | 5132026 | 126 |
| ILF | iShares Latin America 40 ETF | -8.1% | 35.03 | 9162026 | 38.10 | 4142026 | 155 |
| KWEB | KraneShares CSI China Internet ETF | -20.8% | 24.24 | 9162026 | 30.59 | 5132026 | 126 |
| CGDV | Capital Group Dividend Value ETF | -5.6% | 48.55 | 9162026 | 51.44 | 8132026 | 34 |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.5% | 55.85 | 9162026 | 59.07 | 8242026 | 23 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -13.1% | 299.83 | 9162026 | 345.22 | 6222026 | 86 |
| SPHQ | Invesco S&P 500 Quality ETF | -7.9% | 82.95 | 9162026 | 90.10 | 6302026 | 78 |
| FNDA | Schwab Fundamental U.S. Small Company ETF | -6.9% | 35.88 | 9162026 | 38.52 | 8162026 | 31 |
| SPMO | Invesco S&P 500 Momentum ETF | -11.1% | 143.66 | 9162026 | 161.66 | 6222026 | 86 |
| URA | Global X Uranium ETF | -29.0% | 41.37 | 9162026 | 58.26 | 5062026 | 133 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -16.6% | 34.72 | 9162026 | 41.63 | 5132026 | 126 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -14.1% | 77.56 | 9162026 | 90.34 | 6022026 | 106 |
| LIT | Global X Lithium & Battery Tech ETF | -23.8% | 69.85 | 9162026 | 91.62 | 5112026 | 128 |
| ICLN | iShares Global Clean Energy ETF | -27.1% | 17.32 | 9162026 | 23.75 | 6022026 | 106 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -17.0% | 119.39 | 9162026 | 143.82 | 5282026 | 111 |
| ARKX | ARK Space & Defense Innovation ETF | -16.3% | 31.58 | 9162026 | 37.74 | 5282026 | 111 |
| NASA | Tema Space Innovators ETF | -44.6% | 23.20 | 9162026 | 41.89 | 5272026 | 112 |
| AGIX | KraneShares Artificial Intelligence ETF | -9.1% | 44.92 | 9162026 | 49.40 | 6012026 | 107 |
| DRSK | Aptus Defined Risk ETF | -6.7% | 27.69 | 9162026 | 29.67 | 6012026 | 107 |
| YYY | Amplify CEF High Income ETF | -7.0% | 10.75 | 9162026 | 11.56 | 7122026 | 66 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -9.2% | 64.72 | 9162026 | 71.30 | 8252026 | 22 |
| VGT | Vanguard Information Technology ETF | -5.3% | 118.92 | 9162026 | 125.62 | 6022026 | 106 |
| XLK | State Street Technology Select Sector SPDR ETF | -7.2% | 183.93 | 9162026 | 198.21 | 6022026 | 106 |
| XLI | State Street Industrial Select Sector SPDR ETF | -9.5% | 168.71 | 9162026 | 186.51 | 8162026 | 31 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -5.1% | 113.00 | 9162026 | 119.10 | 4192026 | 150 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -9.7% | 110.18 | 9162026 | 122.06 | 5282026 | 111 |
| XLU | State Street Utilities Select Sector SPDR ETF | -12.4% | 41.32 | 9162026 | 47.15 | 4092026 | 160 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.2% | 50.36 | 9162026 | 53.67 | 8262026 | 21 |
| IYJ | iShares U.S. Industrials ETF | -8.5% | 155.36 | 9162026 | 169.86 | 8042026 | 43 |
| IYM | iShares U.S. Basic Materials ETF | -7.3% | 182.17 | 9162026 | 196.45 | 8252026 | 22 |
| SMH | VanEck Semiconductor ETF | -18.4% | 545.56 | 9162026 | 668.91 | 6222026 | 86 |
| SOXX | iShares Semiconductor ETF | -23.4% | 502.06 | 9162026 | 655.01 | 6222026 | 86 |
| IBB | iShares Biotechnology ETF | -6.7% | 202.40 | 9162026 | 216.96 | 8192026 | 28 |
| XBI | State Street SPDR S&P Biotech ETF | -9.1% | 154.18 | 9162026 | 169.55 | 8192026 | 28 |
| ITA | iShares U.S. Aerospace & Defense ETF | -15.0% | 215.27 | 9162026 | 253.22 | 8162026 | 31 |
| IYT | iShares U.S. Transportation ETF | -10.9% | 80.16 | 9162026 | 90.01 | 7162026 | 62 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | -8.5% | 181.16 | 9162026 | 198.06 | 9032026 | 13 |
| KRE | State Street SPDR S&P Regional Banking ETF | -6.7% | 72.74 | 9162026 | 77.93 | 8162026 | 31 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -13.6% | 42.50 | 9162026 | 49.19 | 5282026 | 111 |
| RING | iShares MSCI Global Gold Miners ETF | -12.4% | 81.58 | 9162026 | 93.17 | 8252026 | 22 |
| SOXQ | Invesco PHLX Semiconductor ETF | -23.1% | 88.57 | 9162026 | 115.11 | 6222026 | 86 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.8% | 80.88 | 9162026 | 86.78 | 6292026 | 79 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.9% | 51.89 | 9162026 | 55.12 | 6292026 | 79 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.2% | 24.69 | 9162026 | 26.33 | 6292026 | 79 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.6% | 94.93 | 9162026 | 100.56 | 6292026 | 79 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.3% | 59.31 | 9162026 | 65.43 | 6242026 | 84 |
| VCLT | Vanguard Long-Term Corporate Bond ETF | -5.2% | 70.93 | 9162026 | 74.85 | 6292026 | 79 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | -5.8% | 21.11 | 9162026 | 22.40 | 6292026 | 79 |
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | -5.6% | 47.25 | 9162026 | 50.05 | 6292026 | 79 |
| LMUB | iShares Long-Term National Muni Bond ETF | -6.5% | 47.71 | 9162026 | 51.00 | 7052026 | 73 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 9162026 | 31.85 | 3182026 | 182 |
| GLD | SPDR Gold Trust | -12.2% | 391.74 | 9162026 | 445.93 | 4192026 | 150 |
| IAU | iShares Gold Trust | -12.1% | 80.32 | 9162026 | 91.34 | 4192026 | 150 |
| GLDM | SPDR Gold MiniShares Trust | -12.0% | 84.53 | 9162026 | 96.04 | 4192026 | 150 |
| BAR | Direxion Daily Gold Bull 3X Shares | -7.0% | 44.34 | 9162026 | 47.68 | 3182026 | 182 |
| SLV | iShares Silver Trust | -28.1% | 57.05 | 9162026 | 79.35 | 5132026 | 126 |
| PPLT | ETFS Physical Platinum Shares | -19.0% | 15.83 | 9162026 | 19.55 | 5132026 | 126 |
| PALL | ETFS Physical Palladium Shares | -20.0% | 23.11 | 9162026 | 28.89 | 4142026 | 155 |
| UNG | United States Natural Gas Fund LP | -18.2% | 10.36 | 9162026 | 12.67 | 3182026 | 182 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 9162026 | 60.13 | 5042026 | 135 |
| VNQ | Vanguard Real Estate ETF | -7.4% | 93.48 | 9162026 | 100.95 | 7282026 | 50 |
| XLRE | State Street Real Estate Select Sector SPDR ETF | -7.0% | 42.81 | 9162026 | 46.01 | 7282026 | 50 |
| SCHH | Schwab U.S. REIT ETF | -8.0% | 22.88 | 9162026 | 24.86 | 7262026 | 52 |
| IYR | iShares U.S. Real Estate ETF | -8.0% | 98.65 | 9162026 | 107.26 | 7282026 | 50 |
| REET | iShares Global REIT ETF | -8.8% | 26.36 | 9162026 | 28.89 | 7262026 | 52 |
| USRT | iShares Core U.S. REIT ETF | -9.5% | 63.16 | 9162026 | 69.82 | 7262026 | 52 |
| IBIT | iShares Bitcoin Trust ETF | -7.4% | 43.04 | 9162026 | 46.47 | 5112026 | 128 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -7.4% | 66.10 | 9162026 | 71.35 | 5112026 | 128 |
| ETHA | iShares Ethereum Trust ETF | -5.3% | 18.15 | 9162026 | 19.17 | 9142026 | 2 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Net fund flows · as of 2026-09-16
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$62.6B), followed by Bond (+$15.1B), while Real Estate (−$143M) saw the largest outflows.
- Within the mix, money rotated into US Mid Cap Core (+$11.0B) and out of US Large Cap Core (−$10.6B).
- Relative to fund size, CNEQ drew the largest inflow (+73.8% of AUM) and SNXX the largest outflow (−32.3%).
Largest inflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$57.4B | +5.5% |
| 2 | VTI | Vanguard Morningstar Total Stock Market ETF | +$9.38B | +1.4% |
| 3 | SGOV | iShares 0-3 Month Treasury Bond ETF | +$7.25B | +6.8% |
| 4 | SPMO | Invesco S&P 500 Momentum ETF | +$7.15B | +32.2% |
| 5 | SCHD | Schwab U.S. Dividend Equity ETF | +$6.03B | +5.4% |
| 6 | SMH | VanEck Semiconductor ETF | +$4.63B | +6.8% |
| 7 | VGSH | Vanguard Short-Term Treasury ETF | +$4.52B | +13.1% |
| 8 | VUG | Vanguard Morningstar Growth ETF | +$4.43B | +2.0% |
| 9 | GLD | SPDR Gold Shares | +$4.06B | +2.7% |
| 10 | VO | Vanguard Morningstar Mid-Cap ETF | +$4.04B | +3.7% |
Largest outflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | -$50.76B | -5.8% |
| 2 | SPY | State Street SPDR S&P 500 ETF | -$20.78B | -2.6% |
| 3 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$5.08B | -16.1% |
| 4 | QQQ | Invesco QQQ Trust, Series 1 | -$4.21B | -0.9% |
| 5 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$2.82B | -18.0% |
| 6 | VGIT | Vanguard Intermediate-Term Treasury ETF | -$2.39B | -6.0% |
| 7 | DRAM | Roundhill Memory ETF | -$2.29B | -8.8% |
| 8 | XLF | State Street Financial Select Sector SPDR ETF | -$2.27B | -4.1% |
| 9 | EWY | iShares MSCI South Korea ETF | -$1.91B | -6.9% |
| 10 | GOVT | iShares U.S. Treasury Bond ETF | -$1.59B | -3.8% |
Largest ETF fund flows across ~2634 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About GLDM
| Holdings Count: 0Expense Ratio: 0.1%Inception Date: 2018-06-25 | SPDR Gold MiniShares TrustThe SPDR Gold MiniShares Trust (GLDM) aims for its shares (MiniShares) to mirror the price fluctuations of gold bullion, after accounting for the trust's operational expenses. This investment vehicle provides individuals with an accessible and economical way to gain exposure to gold. Many investors will likely find that the combined costs of trading GLDM shares in the secondary market and the trust's recurring fees are lower than the expenditures associated with directly purchasing, selling, storing, and insuring physical gold in a conventional allocated bullion account.Asset Class: Commodities | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 32.1 |
| Expense Ratio | 0.17% |
| 10-D Avg Volume (Mil) | 4.31 |
| Latest Day Volume (Mil) | 5.56 |
| Holdings Count | 0 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | -2.6% |
| Distribution Yield | 0.0% |
| Sales Yield | - |
| Earnings Yield | - |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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