ETF Versus

GLDM vs SPYD

SPDR Gold MiniShares vs State Street SPDR Portfolio S&P 500 High Dividend 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
SPYD SPDR

State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund issued by SPDR that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.07%. The fund offers a high dividend yield of 4.33%. Launched in 2015, the fund has a 11-year track record.

AUM: $7.1B ER: 0.07% Yield: 4.33% Since: Oct 21, 2015

Quick Verdict

SPYD has a slightly lower expense ratio (0.07% vs 0.10%), saving about $60 per $10,000 over 10 years. Over the past year, GLDM has significantly outperformed with a 50.3% return vs 15.3%.

Key Metrics

Metric GLDM SPYD
Expense Ratio 0.10% 0.07%
Dividend Yield N/A 4.3%
Fund Family SPDR SPDR
Category Gold US Dividend

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%
SPYD +17.3%

Performance Comparison

Period GLDM SPYD Difference
1 Month -8.03% -0.44% -7.59%
3 Months +3.80% +3.93% -0.13%
6 Months +15.97% +6.95% +9.02%
YTD +10.05% +5.33% +4.72%
1 Year +50.25% +15.30% +34.95%
3 Years +137.19% +19.97% +117.22%
5 Years +173.65% +17.27% +156.38%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLDM Fees SPYD Fees You Save
$10,000 10 years $199 $140 $60
$10,000 20 years $856 $600 $255
$10,000 30 years $2,758 $1,938 $820
$50,000 10 years $995 $698 $298
$50,000 30 years $13,790 $9,692 $4,098
$100,000 30 years $27,580 $19,383 $8,196

Risk Metrics

Based on 5 years of daily returns

Metric GLDM SPYD
Annualized Volatility 17.7% 16.5%
Max Drawdown -20.9% -27.4%
Sharpe Ratio 0.98 0.00

Dividend Comparison

Metric GLDM SPYD
Annual Dividend (per share) $0.00 $1.99
Dividend Yield 0.00% 4.33%
Distribution Frequency None Quarterly

Top Holdings

SPYD Top Holdings

NameWeight
APA CorporationAPA1.78%
LyondellBasell Industries N.V.LYB1.75%
Dow Inc.DOW1.69%
EOG Resources, Inc.EOG1.57%
Edison InternationalEIX1.50%
Verizon Communications Inc.VZ1.49%
Phillips 66PSX1.45%
AT&T Inc.T1.42%
Target CorporationTGT1.42%
Chevron CorporationCVX1.41%

Which One Should You Choose?

Choose SPYD 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.

Related Comparisons