SPDR Gold Shares (Gold bullion) against SPDR Gold MiniShares Trust (Gold bullion, low-fee share class) — fees, long-horizon total returns, holdings overlap, and sector tilt, side by side.
| GLD | GLDM | SPREAD | |
|---|---|---|---|
| YTD (cumulative) | +3.17% | +3.31% | -0.14 pp |
| 1Y CAGR | +29.8% | +30.2% | -0.41 pp |
| 3Y CAGR | +31.9% | +32.3% | -0.38 pp |
| 5Y CAGR | +19.2% | +19.5% | -0.36 pp |
| 10Y CAGR | +12.5% | — | — |
| Since inception CAGR | +10.7% | +16.6% | -5.84 pp |
Total return: dividend- and split-adjusted daily closes (distributions reinvested). Spread is GLD minus GLDM. GLD since-inception measured from first available bar November 18, 2004. GLDM since-inception measured from first available bar June 26, 2018. Since-inception spans differ — compare that row with care.
| GLD | GLDM | |
|---|---|---|
| Name | SPDR Gold Shares | SPDR Gold MiniShares |
| Category | Commodities Focused | Commodities Focused |
| Style | Passive | Passive |
| Expense ratio | 0.4% | 0.1% |
| Assets (AUM) | $130.3B | $27.4B |
| Dividend yield | 0.00% | 0.00% |
| Avg volume (3-mo) | 8.7M | 4.4M |
| Inception | November 18, 2004 | June 25, 2018 |
| Benchmark proxy | LBMA Gold Price | LBMA Gold Price |
GLDM costs 0.3 pp less per year — about $30.00 per $10,000 invested.
The provider doesn't break out holdings for GLD — overlap can't be computed.
Expense ratios verified against issuer fact sheets. Dividend yield is trailing 12-month distributions divided by price, as reported by the fund data provider.