ETF Versus

GLDM vs SPLG

SPDR Gold MiniShares vs State Street SPDR Portfolio S&P 500 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
SPLG SPDR

State Street SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2009-01-02

Quick Verdict

SPLG is significantly cheaper at 0.00% vs 0.10% expense ratio, saving you approximately $199 per $10,000 invested over 10 years. Over the past year, GLDM has significantly outperformed with a 50.3% return vs 29.7%.

Key Metrics

Metric GLDM SPLG
Expense Ratio 0.10% N/A
Dividend Yield N/A N/A
Fund Family SPDR SPDR
Category Gold US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 130 175 220 265 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLDM +173.7%
SPLG +65.4%

Performance Comparison

Period GLDM SPLG Difference
1 Month -8.03% +0.54% -8.57%
3 Months +3.80% -2.18% +5.98%
6 Months +15.97% +2.59% +13.38%
YTD +10.05% -0.46% +10.51%
1 Year +50.25% +29.69% +20.56%
3 Years +137.19% +66.15% +71.04%
5 Years +173.65% +65.40% +108.25%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLDM Fees SPLG Fees You Save
$10,000 10 years $199 $0 $199
$10,000 20 years $856 $0 $856
$10,000 30 years $2,758 $0 $2,758
$50,000 10 years $995 $0 $995
$50,000 30 years $13,790 $0 $13,790
$100,000 30 years $27,580 $0 $27,580

Risk Metrics

Based on 5 years of daily returns

Metric GLDM SPLG
Annualized Volatility 17.7% 16.9%
Max Drawdown -20.9% -25.4%
Sharpe Ratio 0.98 0.42

Dividend Comparison

Metric GLDM SPLG
Annual Dividend (per share) $0.00 $0.88
Dividend Yield 0.00% 1.10%
Distribution Frequency None Quarterly

Which One Should You Choose?

Choose SPLG 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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