GLDM vs EEM
Comparison between SPDR Gold MiniShares Trust (GLDM, ETF) and ISHARES MSCI EMERGING MARKETS ETF (EEM, ETF).
5-Year PerformanceGLDM has outperformed EEM, delivering a return of +17.9% compared to +5.9%
GLDM vs EEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GLDM vs EEM - Historical Returns
Returns include dividend reinvestment.
GLDM vs EEM - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | GLDM | EEM |
|---|---|---|
| 2026 | -0.13% | +16.91% |
| 2025 | +62.02% | +34.17% |
| 2024 | +27.40% | +7.76% |
| 2023 | +12.08% | +8.08% |
| 2022 | +1.09% | -21.12% |
| 2021 | -6.10% | -4.23% |
| 2020 | +24.20% | +14.71% |
| 2019 | +18.00% | +17.90% |
| 2018 | +1.84% | -16.88% |
| 2017 | N/A | +35.65% |
| 2016 | N/A | +13.99% |
| 2015 | N/A | -15.06% |
| 2014 | N/A | -0.08% |
| 2013 | N/A | -5.57% |
| 2012 | N/A | +15.57% |
| 2011 | N/A | -19.59% |
| 2010 | N/A | +13.21% |
| 2009 | N/A | +61.25% |
| 2008 | N/A | -48.03% |
| 2007 | N/A | +32.18% |
| 2006 | N/A | +26.46% |
| 2005 | N/A | +34.01% |
| 2004 | N/A | +21.91% |
| 2003 | N/A | +63.14% |
GLDM vs EEM Drawdown Comparison
The maximum drawdown for GLDM was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.
The maximum drawdown for EEM was -66.45%, occurring on Nov 20, 2008. Recovery took 2488 trading sessions.
The current GLDM drawdown is -19.80%. The current EEM drawdown is -7.13%.
| Rank | GLDM | EEM |
|---|---|---|
| #1 | -21.63% Aug 6, 2020 - Dec 27, 2023 | -66.45% Oct 31, 2007 - Sep 19, 2017 |
| #2 | -20.00% Jan 29, 2026 - Jun 5, 2026 | -39.80% Feb 17, 2021 - Sep 11, 2025 |
| #3 | -12.54% Mar 9, 2020 - Apr 9, 2020 | -38.22% Jan 26, 2018 - Nov 24, 2020 |
| #4 | -10.07% Oct 20, 2025 - Dec 22, 2025 | -26.24% May 9, 2006 - Dec 4, 2006 |
| #5 | -8.09% Oct 30, 2024 - Jan 30, 2025 | -21.38% Apr 12, 2004 - Nov 4, 2004 |
| #6 | -7.11% Apr 21, 2025 - Jun 13, 2025 | -17.73% Jul 23, 2007 - Sep 21, 2007 |
| #7 | -6.78% Jul 9, 2018 - Dec 20, 2018 | -13.52% Feb 25, 2026 - Apr 17, 2026 |
| #8 | -6.45% Sep 4, 2019 - Jan 6, 2020 | -12.02% Oct 3, 2005 - Dec 1, 2005 |
| #9 | -5.72% May 20, 2024 - Jul 16, 2024 | -11.97% Mar 7, 2005 - Jul 12, 2005 |
| #10 | -5.26% Feb 19, 2019 - Jun 18, 2019 | -11.25% Feb 21, 2007 - Apr 3, 2007 |
| #11 | -4.89% Feb 24, 2020 - Mar 5, 2020 | -8.77% Jun 2, 2026 - Jun 5, 2026 |
| #12 | -4.84% Dec 26, 2025 - Jan 12, 2026 | -8.02% Jan 31, 2006 - Apr 3, 2006 |
| #13 | -4.77% Jun 13, 2025 - Aug 29, 2025 | -7.27% Mar 1, 2004 - Apr 2, 2004 |
| #14 | -4.73% Mar 31, 2025 - Apr 10, 2025 | -5.94% Jan 3, 2007 - Jan 24, 2007 |
| #15 | -4.35% Jul 16, 2024 - Aug 12, 2024 | -5.72% Aug 10, 2005 - Sep 6, 2005 |
Correlation
Correlation between GLDM and EEM is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
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