GLD vs GLDM
Comparison between SPDR Gold Shares ETF (GLD, ETF) and SPDR Gold MiniShares Trust (GLDM, ETF).
5-Year PerformanceGLDM has outperformed GLD, delivering a return of +17.6% compared to +17.3%
GLD vs GLDM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GLD vs GLDM - Historical Returns
Returns include dividend reinvestment.
GLD vs GLDM - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | GLD | GLDM |
|---|---|---|
| 2026 | -5.89% | -5.74% |
| 2025 | +61.48% | +62.02% |
| 2024 | +26.96% | +27.40% |
| 2023 | +11.76% | +12.08% |
| 2022 | +0.78% | +1.09% |
| 2021 | -6.24% | -6.10% |
| 2020 | +23.90% | +24.20% |
| 2019 | +17.78% | +18.00% |
| 2018 | -3.12% | +1.84% |
| 2017 | +11.93% | N/A |
| 2016 | +6.53% | N/A |
| 2015 | -11.06% | N/A |
| 2014 | -3.75% | N/A |
| 2013 | -28.83% | N/A |
| 2012 | +3.91% | N/A |
| 2011 | +10.14% | N/A |
| 2010 | +26.34% | N/A |
| 2009 | +24.45% | N/A |
| 2008 | +1.96% | N/A |
| 2007 | +32.40% | N/A |
| 2006 | +18.99% | N/A |
| 2005 | +19.90% | N/A |
| 2004 | -1.31% | N/A |
GLD vs GLDM Drawdown Comparison
The maximum drawdown for GLD was -45.56%, occurring on Dec 17, 2015. Recovery took 2248 trading sessions.
The maximum drawdown for GLDM was -26.27%, occurring on Jul 16, 2026. This drawdown has not yet recovered.
The current GLD drawdown is -24.42%. The current GLDM drawdown is -24.30%.
| Rank | GLD | GLDM |
|---|---|---|
| #1 | -45.56% Aug 22, 2011 - Jul 29, 2020 | -26.27% Jan 29, 2026 - Jul 16, 2026 |
| #2 | -29.41% Mar 17, 2008 - Sep 16, 2009 | -21.63% Aug 6, 2020 - Dec 27, 2023 |
| #3 | -26.40% Jan 29, 2026 - Jul 16, 2026 | -12.54% Mar 9, 2020 - Apr 9, 2020 |
| #4 | -22.00% Aug 6, 2020 - Mar 4, 2024 | -10.07% Oct 20, 2025 - Dec 22, 2025 |
| #5 | -21.79% May 12, 2006 - Sep 18, 2007 | -8.09% Oct 30, 2024 - Jan 30, 2025 |
| #6 | -12.70% Dec 2, 2009 - May 11, 2010 | -7.11% Apr 21, 2025 - Jun 13, 2025 |
| #7 | -10.13% Oct 20, 2025 - Dec 22, 2025 | -6.78% Jul 9, 2018 - Dec 20, 2018 |
| #8 | -9.52% Dec 3, 2004 - Sep 16, 2005 | -6.45% Sep 4, 2019 - Jan 6, 2020 |
| #9 | -8.12% Oct 30, 2024 - Jan 30, 2025 | -5.72% May 20, 2024 - Jul 16, 2024 |
| #10 | -8.04% Dec 6, 2010 - Mar 1, 2011 | -5.26% Feb 19, 2019 - Jun 18, 2019 |
| #11 | -7.59% Jun 18, 2010 - Sep 14, 2010 | -4.89% Feb 24, 2020 - Mar 5, 2020 |
| #12 | -7.11% Apr 21, 2025 - Jun 13, 2025 | -4.84% Dec 26, 2025 - Jan 12, 2026 |
| #13 | -6.70% Dec 12, 2005 - Jan 3, 2006 | -4.77% Jun 13, 2025 - Aug 29, 2025 |
| #14 | -6.08% Nov 7, 2007 - Dec 28, 2007 | -4.73% Mar 31, 2025 - Apr 10, 2025 |
| #15 | -5.84% Apr 29, 2011 - Jul 12, 2011 | -4.35% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between GLD and GLDM is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
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