Physical gold ETFs
GLD vs GLDM.
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.
Performance · total returndaily bars · as of 2026-07-16
| GLD | GLDM | SPREAD | |
|---|---|---|---|
| YTD (cumulative) | -7.91% | -7.79% | -0.12 pp |
| 1Y CAGR | +18.4% | +18.8% | -0.38 pp |
| 3Y CAGR | +26.2% | +26.6% | -0.39 pp |
| 5Y CAGR | +16.6% | +16.9% | -0.34 pp |
| 10Y CAGR | +11.1% | — | — |
| Since inception CAGR | +10.2% | +15.2% | -4.99 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.
Fund facts
| 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) | $130.1B | $27.3B |
| Dividend yield | 0.00% | 0.00% |
| Avg volume (3-mo) | 7.0M | 3.9M |
| 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.
Holdings overlap
The provider doesn't break out holdings for GLD — overlap can't be computed.
More physical gold etfs
ALAN GLOBAL INTELLIGENCE · alanglobalintelligence.comdaily bars as of 2026-07-16 · fund facts · issuer-verified · holdings · fund data provider
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For information and research only. Not investment advice. ALAN does not place trades or execute orders. Figures come from the sources shown and can lag the market; verify independently before making decisions. Past performance is not predictive of future results.