SPDR Gold MiniShares Trust (GLDM)
Market Price (8/2/2026): $80.12
SPDR Gold MiniShares Trust (GLDM)
Market Price (8/2/2026): $80.12
Key Takeaways
- GLDM has returned -6.1% YTD vs +9.8% for SPY; +20.6% over the past 12 months (SPY +21.2%). details →
- Over the past month, GLDM has seen net inflows of +$150M (+0.5% of assets). details →
- GLDM trades 25% below its 52-week high. details →
- GLDM's -6.1% YTD is behind its typical pace — it averaged +8.9% at this point (August 1) over the past 5 years. details →
Asset Allocation with GLDM
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
10.8%
Sharpe
0.84
YTD
+4.7%
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
Performance for GLDM Top Holdings
| Ticker | Holding | Weight | Mkt Price8/1 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| GLDM | SPDR Gold MiniShares Trust | 100.00% | 80.14 | 0.0% | -1.7% | -6.1% | 20.6% | 108.7% | 122.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GLDM Return | -4% | -0% | 13% | 27% | 64% | -5% | 115% |
| Peers Return | -4% | -1% | 13% | 27% | 64% | 1% | 126% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| GLDM Win Rate | 50% | 33% | 58% | 67% | 83% | 43% | |
| Peers Win Rate | 44% | 33% | 58% | 67% | 83% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
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 7/31/2026 (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 7312026.
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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 |
|---|---|---|---|---|---|---|---|
| XLG | Invesco S&P 500 Top 50 ETF | -5.9% | 60.77 | 8012026 | 64.59 | 6012026 | 61 |
| MAGS | Roundhill Magnificent Seven ETF | -7.0% | 65.96 | 8012026 | 70.94 | 5142026 | 79 |
| QQQ | Invesco QQQ Trust, Series 1 | -7.8% | 687.99 | 8012026 | 746.16 | 6022026 | 60 |
| QQQM | Invesco NASDAQ 100 ETF | -7.8% | 283.29 | 8012026 | 307.23 | 6022026 | 60 |
| ONEQ | Fidelity Nasdaq Composite Index ETF | -6.3% | 100.03 | 8012026 | 106.70 | 6022026 | 60 |
| SCHM | Schwab U.S. Mid-Cap ETF | -5.9% | 34.70 | 8012026 | 36.87 | 6302026 | 32 |
| SCHA | Schwab U.S. Small-Cap ETF | -7.1% | 33.56 | 8012026 | 36.13 | 6302026 | 32 |
| VUG | Vanguard Growth ETF | -5.5% | 85.20 | 8012026 | 90.19 | 6012026 | 61 |
| IWF | iShares Russell 1000 Growth ETF | -8.1% | 118.32 | 8012026 | 128.77 | 6012026 | 61 |
| VONG | Vanguard Russell 1000 Growth ETF | -7.9% | 121.91 | 8012026 | 132.35 | 6012026 | 61 |
| MGK | Vanguard Mega Cap Growth ETF | -6.1% | 86.33 | 8012026 | 91.97 | 6012026 | 61 |
| IWP | iShares Russell Mid-Cap Growth ETF | -6.4% | 137.04 | 8012026 | 146.41 | 6302026 | 32 |
| IWO | iShares Russell 2000 Growth ETF | -5.9% | 370.67 | 8012026 | 393.96 | 6302026 | 32 |
| VBK | Vanguard Small-Cap Growth ETF | -6.9% | 340.46 | 8012026 | 365.70 | 6302026 | 32 |
| VSS | Vanguard FTSE All-World EX-US Small-Cap Index Fund | -7.0% | 150.52 | 8012026 | 161.79 | 5112026 | 82 |
| SCHC | Schwab International Small-Cap Equity ETF | -6.2% | 48.34 | 8012026 | 51.54 | 3012026 | 153 |
| IEMG | iShares Core MSCI Emerging Markets ETF | -9.8% | 77.61 | 8012026 | 86.00 | 6222026 | 40 |
| EEM | iShares MSCI Emerging Markets ETF | -10.0% | 64.09 | 8012026 | 71.21 | 6222026 | 40 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -8.3% | 34.20 | 8012026 | 37.30 | 6222026 | 40 |
| EWY | iShares MSCI South Korea ETF | -28.3% | 157.10 | 8012026 | 219.20 | 6212026 | 41 |
| EWZ | iShares MSCI Brazil ETF | -12.2% | 36.65 | 8012026 | 41.73 | 4142026 | 109 |
| FXI | iShares China Large-Cap ETF | -7.9% | 36.50 | 8012026 | 39.61 | 2012026 | 181 |
| ILF | iShares Latin America 40 ETF | -7.2% | 35.37 | 8012026 | 38.10 | 4142026 | 109 |
| KWEB | KraneShares CSI China Internet ETF | -19.5% | 28.49 | 8012026 | 35.38 | 2012026 | 181 |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | -5.2% | 58.25 | 8012026 | 61.46 | 6302026 | 32 |
| QQQI | NEOS Nasdaq 100 High Income ETF | -5.9% | 53.04 | 8012026 | 56.38 | 6022026 | 60 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -13.2% | 299.59 | 8012026 | 345.22 | 6222026 | 40 |
| SPHQ | Invesco S&P 500 Quality ETF | -6.0% | 84.67 | 8012026 | 90.10 | 6302026 | 32 |
| SPMO | Invesco S&P 500 Momentum ETF | -11.0% | 143.83 | 8012026 | 161.66 | 6222026 | 40 |
| VLUE | iShares MSCI USA Value Factor ETF | -6.6% | 191.14 | 8012026 | 204.59 | 6252026 | 37 |
| ARKK | ARK Innovation ETF | -14.8% | 71.24 | 8012026 | 83.61 | 7062026 | 26 |
| URA | Global X Uranium ETF | -32.9% | 39.07 | 8012026 | 58.26 | 5062026 | 87 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -15.4% | 35.22 | 8012026 | 41.63 | 5132026 | 80 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -12.3% | 79.25 | 8012026 | 90.34 | 6022026 | 60 |
| LIT | Global X Lithium & Battery Tech ETF | -24.4% | 69.22 | 8012026 | 91.62 | 5112026 | 82 |
| ICLN | iShares Global Clean Energy ETF | -26.1% | 17.55 | 8012026 | 23.75 | 6022026 | 60 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -20.0% | 115.07 | 8012026 | 143.82 | 5282026 | 65 |
| ARKW | ARK Next Generation Internet ETF | -11.2% | 136.84 | 8012026 | 154.18 | 6012026 | 61 |
| ARKX | ARK Space & Defense Innovation ETF | -18.9% | 30.60 | 8012026 | 37.74 | 5282026 | 65 |
| NASA | Tema Space Innovators ETF | -48.4% | 21.62 | 8012026 | 41.89 | 5272026 | 66 |
| XOVR | EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF | -12.8% | 18.60 | 8012026 | 21.34 | 7062026 | 26 |
| AGIX | KraneShares Artificial Intelligence ETF | -14.4% | 42.29 | 8012026 | 49.40 | 6012026 | 61 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -13.2% | 61.10 | 8012026 | 70.39 | 5112026 | 82 |
| RAAX | VanEck Real Assets ETF | -7.6% | 39.46 | 8012026 | 42.70 | 5112026 | 82 |
| VGT | Vanguard Information Technology ETF | -9.9% | 113.15 | 8012026 | 125.62 | 6022026 | 60 |
| XLK | State Street Technology Select Sector SPDR ETF | -11.5% | 175.35 | 8012026 | 198.21 | 6022026 | 60 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -9.6% | 108.24 | 8012026 | 119.70 | 2012026 | 181 |
| XLU | State Street Utilities Select Sector SPDR ETF | -6.4% | 44.35 | 8012026 | 47.40 | 3012026 | 153 |
| XLB | State Street Materials Select Sector SPDR ETF | -5.5% | 50.43 | 8012026 | 53.38 | 2112026 | 171 |
| IYM | iShares U.S. Basic Materials ETF | -7.1% | 175.70 | 8012026 | 189.08 | 3022026 | 152 |
| SMH | VanEck Semiconductor ETF | -19.2% | 540.53 | 8012026 | 668.91 | 6222026 | 40 |
| SOXX | iShares Semiconductor ETF | -22.9% | 504.89 | 8012026 | 655.01 | 6222026 | 40 |
| IBB | iShares Biotechnology ETF | -6.0% | 186.41 | 8012026 | 198.23 | 7072026 | 25 |
| XBI | State Street SPDR S&P Biotech ETF | -10.5% | 147.01 | 8012026 | 164.28 | 7092026 | 23 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -5.7% | 177.40 | 8012026 | 188.18 | 3292026 | 125 |
| IGV | iShares Expanded Tech-Software Sector ETF | -12.2% | 94.58 | 8012026 | 107.70 | 6012026 | 61 |
| IYT | iShares U.S. Transportation ETF | -5.7% | 84.89 | 8012026 | 90.01 | 7162026 | 16 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | -5.1% | 186.26 | 8012026 | 196.32 | 7152026 | 17 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -15.1% | 43.03 | 8012026 | 50.66 | 3022026 | 152 |
| RING | iShares MSCI Global Gold Miners ETF | -35.9% | 63.77 | 8012026 | 99.42 | 3012026 | 153 |
| SOXQ | Invesco PHLX Semiconductor ETF | -22.6% | 89.05 | 8012026 | 115.11 | 6222026 | 40 |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | -5.2% | 21.72 | 8012026 | 22.90 | 2162026 | 166 |
| TLT | iShares 20+ Year Treasury Bond ETF | -8.1% | 82.25 | 8012026 | 89.48 | 3012026 | 153 |
| VGLT | Vanguard Long-Term Treasury ETF | -7.0% | 52.77 | 8012026 | 56.76 | 3012026 | 153 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -7.4% | 25.08 | 8012026 | 27.09 | 3012026 | 153 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -6.7% | 96.54 | 8012026 | 103.45 | 3012026 | 153 |
| EDV | Vanguard World Funds Extended Duration ETF | -11.8% | 59.46 | 8012026 | 67.42 | 3012026 | 153 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | -5.5% | 21.41 | 8012026 | 22.65 | 2192026 | 163 |
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | -5.2% | 47.94 | 8012026 | 50.58 | 2172026 | 165 |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | -7.1% | 17.56 | 8012026 | 18.91 | 5122026 | 81 |
| DBC | Invesco DB Commodity Index Tracking Fund | -7.1% | 29.45 | 8012026 | 31.69 | 5122026 | 81 |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | -10.6% | 32.64 | 8012026 | 36.53 | 5192026 | 74 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 8012026 | 31.85 | 3182026 | 136 |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | -7.6% | 23.93 | 8012026 | 25.91 | 5122026 | 81 |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | -5.2% | 28.94 | 8012026 | 30.53 | 5122026 | 81 |
| GLD | SPDR Gold Trust | -24.2% | 371.54 | 8012026 | 490.00 | 3022026 | 152 |
| IAU | iShares Gold Trust | -24.1% | 76.17 | 8012026 | 100.38 | 3022026 | 152 |
| GLDM | SPDR Gold MiniShares Trust | -24.1% | 80.14 | 8012026 | 105.54 | 3022026 | 152 |
| SGOL | ETFS Physical Swiss Gold Shares | -12.1% | 44.66 | 8012026 | 50.81 | 3022026 | 152 |
| BAR | Direxion Daily Gold Bull 3X Shares | -15.6% | 44.34 | 8012026 | 52.53 | 3022026 | 152 |
| SLV | iShares Silver Trust | -38.4% | 52.36 | 8012026 | 84.99 | 3012026 | 153 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -6.6% | 83.39 | 8012026 | 89.26 | 3012026 | 153 |
| PPLT | ETFS Physical Platinum Shares | -30.3% | 14.96 | 8012026 | 21.47 | 3012026 | 153 |
| CPER | United States Copper Index Fund ETV | -11.1% | 33.33 | 8012026 | 37.48 | 2032026 | 179 |
| PALL | ETFS Physical Palladium Shares | -28.6% | 23.23 | 8012026 | 32.54 | 2242026 | 158 |
| USO | United States Oil Fund LP | -15.6% | 129.17 | 8012026 | 152.96 | 5192026 | 74 |
| UNG | United States Natural Gas Fund LP | -40.5% | 10.06 | 8012026 | 16.90 | 2012026 | 181 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 8012026 | 60.13 | 5042026 | 89 |
| IBIT | iShares Bitcoin Trust ETF | -25.0% | 35.64 | 8012026 | 47.49 | 2012026 | 181 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -25.1% | 54.71 | 8012026 | 73.02 | 2012026 | 181 |
| GBTC | Grayscale Bitcoin Trust ETF | -5.4% | 61.84 | 8012026 | 65.37 | 2012026 | 181 |
| ETHA | iShares Ethereum Trust ETF | -30.2% | 14.07 | 8012026 | 20.17 | 2012026 | 181 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Net fund flows · as of 2026-07-31
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$54.5B), followed by Bond (+$17.4B), with every major asset class in net inflows.
- Within the mix, money rotated into US Large Cap Core (+$14.3B) and out of US Nasdaq Growth (−$8.4B).
- Relative to fund size, BFLX drew the largest inflow (+56.8% of AUM) and FTXL the largest outflow (−36.8%).
Largest inflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$14.55B | +1.5% |
| 2 | SOXX | iShares Semiconductor ETF | +$9.21B | +20.1% |
| 3 | SPY | State Street SPDR S&P 500 ETF | +$8.99B | +1.1% |
| 4 | SPYM | State Street SPDR Portfolio S&P 500 ETF | +$6.23B | +3.9% |
| 5 | DRAM | Roundhill Memory ETF | +$6.03B | +25.5% |
| 6 | EWY | iShares MSCI South Korea ETF | +$5.67B | +25.3% |
| 7 | VTI | Vanguard Total Stock Market ETF | +$4.59B | +0.7% |
| 8 | SMH | VanEck Semiconductor ETF | +$4.46B | +6.4% |
| 9 | EFV | iShares MSCI EAFE Value ETF | +$3.7B | +13.4% |
| 10 | XLF | State Street Financial Select Sector SPDR ETF | +$3.48B | +6.2% |
Largest outflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | -$16.07B | -1.8% |
| 2 | QQQ | Invesco QQQ Trust, Series 1 | -$10.84B | -2.3% |
| 3 | IQMM | ProShares - GENIUS Money Market ETF | -$3.06B | -16.7% |
| 4 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$1.7B | -4.9% |
| 5 | IWM | iShares Russell 2000 ETF | -$1.27B | -1.6% |
| 6 | IWD | iShares Russell 1000 Value ETF | -$1.24B | -1.5% |
| 7 | SCZ | iShares MSCI EAFE Small-Cap ETF | -$1.05B | -7.9% |
| 8 | IWF | iShares Russell 1000 Growth ETF | -$1.02B | -0.8% |
| 9 | KRE | State Street SPDR S&P Regional Banking ETF | -$987M | -20.8% |
| 10 | VLUE | iShares MSCI USA Value Factor ETF | -$872M | -9.3% |
Largest ETF fund flows across ~2570 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About GLDM
| Holdings Count: 0Expense Ratio: 0.1%Inception Date: 2018-06-25 | SPDR Gold MiniShares TrustThe SPDR Gold MiniShares Trust (GLDM) aims for its shares (MiniShares) to mirror the price fluctuations of gold bullion, after accounting for the trust's operational expenses. This investment vehicle provides individuals with an accessible and economical way to gain exposure to gold. Many investors will likely find that the combined costs of trading GLDM shares in the secondary market and the trust's recurring fees are lower than the expenditures associated with directly purchasing, selling, storing, and insuring physical gold in a conventional allocated bullion account.Asset Class: Equity | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 27.6 |
| Expense Ratio | 0.17% |
| 10-D Avg Volume (Mil) | 3.87 |
| Latest Day Volume (Mil) | 3.61 |
| Holdings Count | 0 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | -0.4% |
| 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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