SPDR Gold MiniShares Trust (GLDM)
Market Price (9/23/2026): $84.97
SPDR Gold MiniShares Trust (GLDM)
Market Price (9/23/2026): $84.97
Key Takeaways
- GLDM has returned +1.1% YTD vs +14.0% for SPY; +16.3% over the past 12 months (SPY +16.9%). details →
- Over the past month, GLDM has seen net inflows of +$1.62B (+5.0% of assets). details →
- GLDM trades 19% below its 52-week high. details →
- Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.2 vs 1.0. details →
- GLDM's +1.1% YTD is behind its typical pace — it averaged +11.9% at this point (September 22) over the past 5 years. details →
Asset Allocation with GLDM
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.2%
Volatility
10.8%
Sharpe
0.86
YTD
+7.8%
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% | 1% | 127% |
| Peers Return | -4% | -1% | 13% | 27% | 64% | 4% | 132% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
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% | 56% | |
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 9/22/2026 (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 |
|---|---|---|---|---|---|---|---|
| IJH | iShares Core S&P Mid-Cap ETF | -6.6% | 73.47 | 9222026 | 78.67 | 8162026 | 37 |
| MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | -6.5% | 670.49 | 9222026 | 716.91 | 8162026 | 37 |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | -6.6% | 124.34 | 9222026 | 133.08 | 8162026 | 37 |
| IJR | iShares Core S&P Small-Cap ETF | -7.1% | 139.70 | 9222026 | 150.44 | 8162026 | 37 |
| VB | Vanguard Small-Cap ETF | -5.5% | 292.33 | 9222026 | 309.29 | 8162026 | 37 |
| IWM | iShares Russell 2000 ETF | -5.9% | 287.21 | 9222026 | 305.09 | 8162026 | 37 |
| SCHA | Schwab U.S. Small-Cap ETF | -6.6% | 33.76 | 9222026 | 36.13 | 6302026 | 84 |
| VTWO | Vanguard Russell 2000 ETF | -5.9% | 116.00 | 9222026 | 123.31 | 8162026 | 37 |
| DFAS | Dimensional U.S. Small Cap ETF | -6.0% | 79.40 | 9222026 | 84.48 | 8162026 | 37 |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | -5.7% | 53.41 | 9222026 | 56.64 | 8162026 | 37 |
| NUSC | Nuveen ESG Small-Cap ETF | -6.4% | 49.87 | 9222026 | 53.27 | 8162026 | 37 |
| AKRE | Akre Focus ETF | -11.3% | 54.89 | 9222026 | 61.85 | 8302026 | 23 |
| IWP | iShares Russell Mid-Cap Growth ETF | -5.3% | 139.90 | 9222026 | 147.70 | 8172026 | 36 |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | -6.5% | 111.33 | 9222026 | 119.11 | 8172026 | 36 |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | -6.6% | 106.23 | 9222026 | 113.69 | 8172026 | 36 |
| IWO | iShares Russell 2000 Growth ETF | -7.0% | 367.92 | 9222026 | 395.65 | 8162026 | 37 |
| VBK | Vanguard Small-Cap Growth ETF | -6.1% | 344.06 | 9222026 | 366.24 | 8172026 | 36 |
| IJT | iShares S&P Small-Cap 600 Growth ETF | -8.2% | 164.38 | 9222026 | 179.07 | 8042026 | 49 |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | -8.2% | 109.70 | 9222026 | 119.50 | 8042026 | 49 |
| IWS | iShares Russell Mid-Cap Value ETF | -5.0% | 164.72 | 9222026 | 173.44 | 8162026 | 37 |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | -6.6% | 141.60 | 9222026 | 151.67 | 8162026 | 37 |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | -6.6% | 90.95 | 9222026 | 97.39 | 8162026 | 37 |
| VBR | Vanguard Small-Cap Value ETF | -5.1% | 238.74 | 9222026 | 251.66 | 8162026 | 37 |
| AVUV | Avantis U.S. Small Cap Value ETF | -5.5% | 121.61 | 9222026 | 128.74 | 8042026 | 49 |
| IJS | iShares S&P Small-Cap 600 Value ETF | -6.4% | 131.74 | 9222026 | 140.68 | 8162026 | 37 |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | -6.4% | 105.06 | 9222026 | 112.22 | 8162026 | 37 |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | -6.3% | 113.15 | 9222026 | 120.76 | 8162026 | 37 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -8.4% | 34.17 | 9222026 | 37.30 | 6222026 | 92 |
| EWY | iShares MSCI South Korea ETF | -12.1% | 192.62 | 9222026 | 219.20 | 6212026 | 93 |
| EWZ | iShares MSCI Brazil ETF | -8.3% | 38.26 | 9222026 | 41.73 | 4142026 | 161 |
| FXI | iShares China Large-Cap ETF | -8.5% | 35.00 | 9222026 | 38.26 | 5132026 | 132 |
| ILF | iShares Latin America 40 ETF | -6.0% | 35.81 | 9222026 | 38.10 | 4142026 | 161 |
| KWEB | KraneShares CSI China Internet ETF | -17.1% | 25.37 | 9222026 | 30.59 | 5132026 | 132 |
| DVY | iShares Select Dividend ETF | -5.6% | 156.24 | 9222026 | 165.50 | 8162026 | 37 |
| SDY | State Street SPDR S&P Dividend ETF | -5.8% | 149.92 | 9222026 | 159.18 | 8242026 | 29 |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.6% | 55.78 | 9222026 | 59.07 | 8242026 | 29 |
| COWZ | Pacer US Cash Cows 100 ETF | -5.6% | 68.36 | 9222026 | 72.40 | 8302026 | 23 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -7.9% | 317.90 | 9222026 | 345.22 | 6222026 | 92 |
| SPHQ | Invesco S&P 500 Quality ETF | -5.7% | 84.98 | 9222026 | 90.10 | 6302026 | 84 |
| FNDA | Schwab Fundamental U.S. Small Company ETF | -6.5% | 36.03 | 9222026 | 38.52 | 8162026 | 37 |
| SPMO | Invesco S&P 500 Momentum ETF | -5.2% | 153.30 | 9222026 | 161.66 | 6222026 | 92 |
| URA | Global X Uranium ETF | -24.9% | 43.74 | 9222026 | 58.26 | 5062026 | 139 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -13.5% | 36.01 | 9222026 | 41.63 | 5132026 | 132 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -9.9% | 81.44 | 9222026 | 90.34 | 6022026 | 112 |
| LIT | Global X Lithium & Battery Tech ETF | -22.1% | 71.33 | 9222026 | 91.62 | 5112026 | 134 |
| ICLN | iShares Global Clean Energy ETF | -24.9% | 17.83 | 9222026 | 23.75 | 6022026 | 112 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -12.1% | 126.47 | 9222026 | 143.82 | 5282026 | 117 |
| ARKX | ARK Space & Defense Innovation ETF | -12.5% | 33.04 | 9222026 | 37.74 | 5282026 | 117 |
| NASA | Tema Space Innovators ETF | -40.5% | 24.93 | 9222026 | 41.89 | 5272026 | 118 |
| DRSK | Aptus Defined Risk ETF | -5.7% | 27.99 | 9222026 | 29.67 | 6012026 | 113 |
| YYY | Amplify CEF High Income ETF | -6.5% | 10.81 | 9222026 | 11.56 | 7122026 | 72 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -5.3% | 67.50 | 9222026 | 71.30 | 8252026 | 28 |
| XLF | State Street Financial Select Sector SPDR ETF | -6.4% | 54.80 | 9222026 | 58.56 | 9032026 | 19 |
| XLE | State Street Energy Select Sector SPDR ETF | -6.3% | 61.78 | 9222026 | 65.93 | 9152026 | 7 |
| XLI | State Street Industrial Select Sector SPDR ETF | -8.7% | 170.27 | 9222026 | 186.51 | 8162026 | 37 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -7.8% | 112.33 | 9222026 | 121.82 | 5282026 | 117 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.4% | 82.73 | 9222026 | 87.45 | 8242026 | 29 |
| XLU | State Street Utilities Select Sector SPDR ETF | -13.5% | 40.53 | 9222026 | 46.85 | 4092026 | 166 |
| XLB | State Street Materials Select Sector SPDR ETF | -5.9% | 50.53 | 9222026 | 53.67 | 8262026 | 27 |
| IYJ | iShares U.S. Industrials ETF | -7.9% | 156.37 | 9222026 | 169.86 | 8042026 | 49 |
| IYM | iShares U.S. Basic Materials ETF | -5.7% | 185.35 | 9222026 | 196.45 | 8252026 | 28 |
| FXN | First Trust Energy AlphaDEX Fund | -7.5% | 22.53 | 9222026 | 24.35 | 9152026 | 7 |
| SMH | VanEck Semiconductor ETF | -9.2% | 607.46 | 9222026 | 668.91 | 6222026 | 92 |
| SOXX | iShares Semiconductor ETF | -12.6% | 572.78 | 9222026 | 655.01 | 6222026 | 92 |
| ITA | iShares U.S. Aerospace & Defense ETF | -15.5% | 214.00 | 9222026 | 253.22 | 8162026 | 37 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -9.1% | 181.61 | 9222026 | 199.70 | 9152026 | 7 |
| IYT | iShares U.S. Transportation ETF | -11.0% | 80.15 | 9222026 | 90.01 | 7162026 | 68 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | -7.4% | 183.44 | 9222026 | 198.06 | 9032026 | 19 |
| KRE | State Street SPDR S&P Regional Banking ETF | -8.6% | 71.19 | 9222026 | 77.93 | 8162026 | 37 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -13.2% | 42.71 | 9222026 | 49.19 | 5282026 | 117 |
| RING | iShares MSCI Global Gold Miners ETF | -7.9% | 85.84 | 9222026 | 93.17 | 8252026 | 28 |
| SOXQ | Invesco PHLX Semiconductor ETF | -13.3% | 99.83 | 9222026 | 115.11 | 6222026 | 92 |
| TLT | iShares 20+ Year Treasury Bond ETF | -5.8% | 81.75 | 9222026 | 86.78 | 6292026 | 85 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -5.3% | 24.94 | 9222026 | 26.33 | 6292026 | 85 |
| EDV | Vanguard World Funds Extended Duration ETF | -7.9% | 60.23 | 9222026 | 65.43 | 6242026 | 90 |
| LMUB | iShares Long-Term National Muni Bond ETF | -6.7% | 47.59 | 9222026 | 51.00 | 7052026 | 79 |
| GLD | SPDR Gold Trust | -10.3% | 400.07 | 9222026 | 445.93 | 4192026 | 156 |
| IAU | iShares Gold Trust | -10.6% | 81.67 | 9222026 | 91.34 | 4192026 | 156 |
| GLDM | SPDR Gold MiniShares Trust | -10.1% | 86.33 | 9222026 | 96.04 | 4192026 | 156 |
| SLV | iShares Silver Trust | -24.9% | 59.63 | 9222026 | 79.35 | 5132026 | 132 |
| PPLT | ETFS Physical Platinum Shares | -15.0% | 16.62 | 9222026 | 19.55 | 5132026 | 132 |
| PALL | ETFS Physical Palladium Shares | -17.8% | 23.75 | 9222026 | 28.89 | 4142026 | 161 |
| USO | United States Oil Fund LP | -11.0% | 144.08 | 9222026 | 161.86 | 9152026 | 7 |
| UNG | United States Natural Gas Fund LP | -11.6% | 10.86 | 9222026 | 12.28 | 3292026 | 177 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 9222026 | 60.13 | 5042026 | 141 |
| VNQ | Vanguard Real Estate ETF | -8.1% | 92.82 | 9222026 | 100.95 | 7282026 | 56 |
| XLRE | State Street Real Estate Select Sector SPDR ETF | -7.6% | 42.50 | 9222026 | 46.01 | 7282026 | 56 |
| SCHH | Schwab U.S. REIT ETF | -7.8% | 22.91 | 9222026 | 24.86 | 7262026 | 58 |
| IYR | iShares U.S. Real Estate ETF | -8.0% | 98.68 | 9222026 | 107.26 | 7282026 | 56 |
| REET | iShares Global REIT ETF | -8.5% | 26.44 | 9222026 | 28.89 | 7262026 | 58 |
| USRT | iShares Core U.S. REIT ETF | -9.4% | 63.26 | 9222026 | 69.82 | 7262026 | 58 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Net fund flows · as of 2026-09-22
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$56.1B), followed by Bond (+$14.3B), with every major asset class in net inflows.
- Within the mix, money rotated into US Large Cap Core (+$15.0B) and out of US Nasdaq Growth (−$5.9B).
- Relative to fund size, CORO drew the largest inflow (+51.7% of AUM) and SNXX the largest outflow (−31.1%).
Largest inflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$27.88B | +2.6% |
| 2 | VTI | Vanguard Morningstar Total Stock Market ETF | +$6.89B | +1.0% |
| 3 | SGOV | iShares 0-3 Month Treasury Bond ETF | +$6.3B | +5.8% |
| 4 | VGSH | Vanguard Short-Term Treasury ETF | +$4.4B | +12.7% |
| 5 | CORO | iShares International Country Rotation Active ETF | +$4.34B | +51.7% |
| 6 | SOXX | iShares Semiconductor ETF | +$4.28B | +10.0% |
| 7 | IUSB | iShares Core Universal USD Bond ETF | +$3.92B | +8.9% |
| 8 | SPYM | State Street SPDR Portfolio S&P 500 ETF | +$3.7B | +2.2% |
| 9 | SCHD | Schwab U.S. Dividend Equity ETF | +$3.38B | +3.0% |
| 10 | VXUS | Vanguard Total International Stock ETF | +$2.84B | +1.7% |
Largest outflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | SPY | State Street SPDR S&P 500 ETF | -$8.96B | -1.1% |
| 2 | IVV | iShares Core S&P 500 ETF | -$7.98B | -0.9% |
| 3 | QQQ | Invesco QQQ Trust, Series 1 | -$6.78B | -1.4% |
| 4 | MTUM | iShares MSCI USA Momentum Factor ETF | -$4.27B | -17.5% |
| 5 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$4.18B | -14.2% |
| 6 | VGIT | Vanguard Intermediate-Term Treasury ETF | -$2.66B | -6.7% |
| 7 | DRAM | Roundhill Memory ETF | -$2.33B | -9.0% |
| 8 | GOVT | iShares U.S. Treasury Bond ETF | -$2.24B | -5.4% |
| 9 | EWY | iShares MSCI South Korea ETF | -$2.0B | -7.3% |
| 10 | GDX | VanEck Gold Miners ETF | -$1.37B | -4.6% |
Largest ETF fund flows across ~2644 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) | 32.0 |
| Expense Ratio | 0.17% |
| 10-D Avg Volume (Mil) | 4.36 |
| Latest Day Volume (Mil) | 1.07 |
| Holdings Count | 0 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | 0.3% |
| 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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