VGSH vs GLDM

Comparison between VANGUARD SHORT-TERM TREASURY INDEX FUND ETF SHARES (VGSH, ETF) and SPDR Gold MiniShares Trust (GLDM, ETF).

5-Year PerformanceGLDM has outperformed VGSH, delivering a return of +20.7% compared to +1.8%

VGSH vs GLDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGSH(ETF)	GLDM(ETF)
Net Assets	$33B	$30B
Expense Ratio	0.03%	0.10%
Max Drawdown	8.05%	21.63%
Sharpe Ratio	-0.16	1.26
5Y Beta	-0.02	0.18
5Y Dividends CAGR	23.40%	N/A

Net Assets

Winner

VGSH

$33B

GLDM

$30B

Expense Ratio

Winner

VGSH

0.03%

GLDM

0.10%

Max Drawdown

Winner

VGSH

8.05%

GLDM

21.63%

Sharpe Ratio

VGSH

-0.16

Winner

GLDM

1.26

5Y Beta

Winner

VGSH

-0.02

GLDM

0.18

5Y Dividends CAGR

VGSH

23.40%

GLDM

N/A

VGSH vs GLDM - Historical Returns

Returns include dividend reinvestment.

Period	VGSH	GLDM
1 month	+0.15%	-0.15%
3 months	+0.18%	-7.05%
6 months	+1.17%	+17.95%
1 year	+3.65%	+42.78%
5 years(CAGR)	+1.83%	+20.73%
10 years(CAGR)	+1.74%	N/A
Max(CAGR)	+1.41%	+18.15%

Winner

VGSH

+0.15%

GLDM

-0.15%

Winner

VGSH

+0.18%

GLDM

-7.05%

VGSH

+1.17%

Winner

GLDM

+17.95%

VGSH

+3.65%

Winner

GLDM

+42.78%

5Y(CAGR)

VGSH

+1.83%

Winner

GLDM

+20.73%

10Y(CAGR)

VGSH

+1.74%

GLDM

N/A

Max(CAGR)

VGSH

+1.41%

Winner

GLDM

+18.15%

VGSH vs GLDM - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	VGSH	GLDM
2026	+0.53%	+9.04%
2025	+5.09%	+62.02%
2024	+4.14%	+27.40%
2023	+4.23%	+12.08%
2022	-3.73%	+1.09%
2021	-0.64%	-6.10%
2020	+3.04%	+24.20%
2019	+3.56%	+18.00%
2018	+1.60%	+1.84%
2017	+0.45%	N/A
2016	+1.15%	N/A
2015	+0.44%	N/A
2014	+0.51%	N/A
2013	+0.34%	N/A
2012	+0.52%	N/A
2011	+1.48%	N/A
2010	+2.13%	N/A
2009	-0.52%	N/A

VGSH vs GLDM Drawdown Comparison

The maximum drawdown for VGSH was -5.70%, occurring on Oct 20, 2022. Recovery took 773 trading sessions.

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

The current VGSH drawdown is -0.21%. The current GLDM drawdown is -12.44%.

Rank	VGSH	GLDM
#1	-5.70% Apr 20, 2021 - May 15, 2024	-21.63% Aug 6, 2020 - Dec 27, 2023
#2	-1.09% Sep 7, 2017 - Nov 19, 2018	-19.14% Jan 29, 2026 - Mar 26, 2026
#3	-0.97% Sep 24, 2024 - Jan 24, 2025	-12.54% Mar 9, 2020 - Apr 9, 2020
#4	-0.94% Jul 5, 2016 - Jul 28, 2017	-10.07% Oct 20, 2025 - Dec 22, 2025
#5	-0.88% Feb 27, 2026 - Mar 26, 2026	-8.09% Oct 30, 2024 - Jan 30, 2025
#6	-0.83% Nov 3, 2010 - May 5, 2011	-7.11% Apr 21, 2025 - Jun 13, 2025
#7	-0.74% Dec 1, 2009 - Jan 22, 2010	-6.78% Jul 9, 2018 - Dec 20, 2018
#8	-0.73% Apr 30, 2025 - Jun 23, 2025	-6.45% Sep 4, 2019 - Jan 6, 2020
#9	-0.72% Oct 14, 2015 - Feb 2, 2016	-5.72% May 20, 2024 - Jul 16, 2024
#10	-0.65% Sep 4, 2019 - Oct 2, 2019	-5.26% Feb 19, 2019 - Jun 18, 2019
#11	-0.60% Mar 2, 2010 - May 4, 2010	-4.89% Feb 24, 2020 - Mar 5, 2020
#12	-0.53% Oct 15, 2014 - Jan 14, 2015	-4.84% Dec 26, 2025 - Jan 12, 2026
#13	-0.48% Mar 9, 2020 - Mar 20, 2020	-4.77% Jun 13, 2025 - Aug 29, 2025
#14	-0.47% Feb 11, 2016 - Apr 7, 2016	-4.73% Mar 31, 2025 - Apr 10, 2025
#15	-0.47% Jan 15, 2015 - Apr 1, 2015	-4.35% Jul 16, 2024 - Aug 12, 2024