ETF Versus

GLDM vs JNK

SPDR Gold MiniShares vs State Street SPDR Bloomberg High Yield Bond ETF

Last updated: 2026-04-10

GLDM SPDR

SPDR Gold MiniShares (GLDM) is an exchange-traded fund issued by SPDR that provides exposure to gold securities. It charges a low expense ratio of 0.10%. Launched in 2018, the fund has a 8-year track record.

AUM: $31.3B ER: 0.10% Yield: N/A Since: Jun 25, 2018
JNK SPDR

State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund issued by SPDR that provides exposure to below-investment-grade U.S. corporate bonds offering higher yields. It charges an above-average expense ratio of 0.40%. The fund offers a high dividend yield of 6.60%. Launched in 2007, the fund has a 19-year track record.

AUM: $6.9B ER: 0.40% Yield: 6.60% Since: Nov 28, 2007

Quick Verdict

GLDM is significantly cheaper at 0.10% vs 0.40% expense ratio, saving you approximately $587 per $10,000 invested over 10 years. Over the past year, GLDM has significantly outperformed with a 50.3% return vs 4.6%.

Key Metrics

Metric GLDM JNK
Expense Ratio 0.10% 0.40%
Dividend Yield N/A 6.6%
Fund Family SPDR SPDR
Category Gold US High Yield Bond

Performance Chart

Indexed to 100 at start (5-year comparison)

80 126 172 218 264 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLDM +173.7%
JNK -11.4%

Performance Comparison

Period GLDM JNK Difference
1 Month -8.03% +0.31% -8.34%
3 Months +3.80% -1.30% +5.10%
6 Months +15.97% -0.53% +16.50%
YTD +10.05% -0.85% +10.90%
1 Year +50.25% +4.60% +45.65%
3 Years +137.19% +4.83% +132.36%
5 Years +173.65% -11.39% +185.04%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLDM Fees JNK Fees You Save
$10,000 10 years $199 $786 $587
$10,000 20 years $856 $3,334 $2,478
$10,000 30 years $2,758 $10,601 $7,843
$50,000 10 years $995 $3,932 $2,937
$50,000 30 years $13,790 $53,003 $39,213
$100,000 30 years $27,580 $106,005 $78,426

Risk Metrics

Based on 5 years of daily returns

Metric GLDM JNK
Annualized Volatility 17.7% 7.7%
Max Drawdown -20.9% -20.6%
Sharpe Ratio 0.98 -0.86

Dividend Comparison

Metric GLDM JNK
Annual Dividend (per share) $0.00 $6.37
Dividend Yield 0.00% 6.61%
Distribution Frequency None Monthly

Which One Should You Choose?

Choose GLDM if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose GLDM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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