GLDM vs LQD

Comparison between SPDR Gold MiniShares Trust (GLDM, ETF) and ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF).

5-Year PerformanceGLDM has outperformed LQD, delivering a return of +20.7% compared to +0.1%

GLDM vs LQD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GLDM(ETF)	LQD(ETF)
Net Assets	$30B	$29B
Expense Ratio	0.10%	0.14%
Max Drawdown	21.63%	30.46%
Sharpe Ratio	1.26	0.52
5Y Beta	0.18	0.14
5Y Dividends CAGR	N/A	9.18%

Net Assets

Winner

GLDM

$30B

LQD

$29B

Expense Ratio

Winner

GLDM

0.10%

LQD

0.14%

Max Drawdown

Winner

GLDM

21.63%

LQD

30.46%

Sharpe Ratio

Winner

GLDM

1.26

LQD

0.52

5Y Beta

GLDM

0.18

Winner

LQD

0.14

5Y Dividends CAGR

GLDM

N/A

LQD

9.18%

GLDM vs LQD - Historical Returns

Returns include dividend reinvestment.

Period	GLDM	LQD
1 month	-0.15%	+0.13%
3 months	-7.05%	-0.09%
6 months	+17.95%	+0.91%
1 year	+42.78%	+7.11%
5 years(CAGR)	+20.73%	+0.07%
10 years(CAGR)	N/A	+2.62%
Max(CAGR)	+18.15%	+4.51%

GLDM

-0.15%

Winner

LQD

+0.13%

GLDM

-7.05%

Winner

LQD

-0.09%

Winner

GLDM

+17.95%

LQD

+0.91%

Winner

GLDM

+42.78%

LQD

+7.11%

5Y(CAGR)

Winner

GLDM

+20.73%

LQD

+0.07%

10Y(CAGR)

GLDM

N/A

LQD

+2.62%

Max(CAGR)

Winner

GLDM

+18.15%

LQD

+4.51%

GLDM vs LQD - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	GLDM	LQD
2026	+9.04%	+0.64%
2025	+62.02%	+7.89%
2024	+27.40%	+1.55%
2023	+12.08%	+8.65%
2022	+1.09%	-17.05%
2021	-6.10%	-1.34%
2020	+24.20%	+10.74%
2019	+18.00%	+17.00%
2018	+1.84%	-3.14%
2017	N/A	+6.96%
2016	N/A	+6.27%
2015	N/A	-1.60%
2014	N/A	+8.00%
2013	N/A	-2.22%
2012	N/A	+10.67%
2011	N/A	+9.31%
2010	N/A	+8.75%
2009	N/A	+9.58%
2008	N/A	+1.20%
2007	N/A	+3.95%
2006	N/A	+3.65%
2005	N/A	+0.51%
2004	N/A	+6.48%
2003	N/A	+8.29%
2002	N/A	+9.86%

GLDM vs LQD Drawdown Comparison

The maximum drawdown for GLDM was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.

The maximum drawdown for LQD was -24.96%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current GLDM drawdown is -12.44%. The current LQD drawdown is -3.59%.

Rank	GLDM	LQD
#1	-21.63% Aug 6, 2020 - Dec 27, 2023	-24.96% Sep 22, 2021 - Oct 20, 2022
#2	-19.14% Jan 29, 2026 - Mar 26, 2026	-21.76% Mar 6, 2020 - Jun 10, 2020
#3	-12.54% Mar 9, 2020 - Apr 9, 2020	-21.54% May 1, 2008 - Jan 9, 2009
#4	-10.07% Oct 20, 2025 - Dec 22, 2025	-10.86% Jan 9, 2009 - Jun 25, 2009
#5	-8.09% Oct 30, 2024 - Jan 30, 2025	-8.70% Jun 13, 2003 - Mar 5, 2004
#6	-7.11% Apr 21, 2025 - Jun 13, 2025	-8.57% May 1, 2013 - May 1, 2014
#7	-6.78% Jul 9, 2018 - Dec 20, 2018	-7.66% Mar 17, 2004 - Sep 16, 2004
#8	-6.45% Sep 4, 2019 - Jan 6, 2020	-6.64% Dec 31, 2020 - Aug 3, 2021
#9	-5.72% May 20, 2024 - Jul 16, 2024	-6.03% Feb 2, 2015 - Apr 1, 2016
#10	-5.26% Feb 19, 2019 - Jun 18, 2019	-5.86% Sep 6, 2016 - Jun 14, 2017
#11	-4.89% Feb 24, 2020 - Mar 5, 2020	-5.63% Dec 29, 2017 - Mar 12, 2019
#12	-4.84% Dec 26, 2025 - Jan 12, 2026	-5.23% Nov 4, 2010 - May 5, 2011
#13	-4.77% Jun 13, 2025 - Aug 29, 2025	-4.85% Aug 31, 2005 - Sep 19, 2006
#14	-4.73% Mar 31, 2025 - Apr 10, 2025	-4.66% Nov 4, 2011 - Jan 17, 2012
#15	-4.35% Jul 16, 2024 - Aug 12, 2024	-4.34% Sep 27, 2002 - Nov 7, 2002