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GLDM ETF — SPDR Gold Minishares Trust of beneficial interest
SPDR Gold Minishares Trust of beneficial interest (GLDM)
Updated October 16, 2026.
GLDM is a low-cost ETF linked to Gold bullion spot price. its expense ratio is 0.10%. Total return is 227.5% over the past 8.3 years, 7.2 points ahead of GLD at 220.3%.
SPDR Gold Minishares Trust is an ETF that tracks the spot price of gold bullion, offering a cost-effective way to gain direct commodity exposure. The fund does not distribute income to shareholders and carries a low expense ratio of 0.10%. It appeals to investors seeking simple, liquid access to gold as a portfolio component or hedge.
GLDM holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: GLD (physical holdings below may be collateral and options, not the reference asset itself).
GLDM performance versus GLD
Price and return data through 2026-10-16.
Total return is 227.5% over the past 8.3 years, 7.2 points ahead of GLD at 220.3%. Over the past year its total return — price change plus distributions reinvested — is -3.3%. Its deepest 1-year drawdown was 26.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -2.4% | — |
| 3M | 4.8% | — |
| 6M | -13.0% | — |
| YTD | -3.4% | — |
| 1Y | -3.3% | — |
| 2Y CAGR | — | 24.70% |
| 3Y CAGR | — | 29.40% |
| 5Y CAGR | — | 18.60% |
| Since inception (8.3 years) | 227.5% | 15.40% |
GLDM key facts
- Issuer
- State Street
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 06/25/2018
- Expense ratio
- 0.10%
- Distribution frequency
- None
- Last close
- $82.46 (as of 2026-10-16)
- AUM
- $31,079,299,622
- Average volume
- 4642232.0
- Beta
- 0.44
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: State Street or company page; Index: Gold bullion spot price; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
GLDM risks and drawbacks
The deepest 1-year drawdown on record here is 26.3%.
Who may consider GLDM — and who may not
GLDM may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (GLDM does not currently distribute). This is educational context, not a recommendation to buy or sell.
More on GLDM
Compare GLDM
GLDM vs similar funds:
Frequently asked questions
Does GLDM pay monthly?
No. GLDM does not currently distribute.
What is GLDM linked to?
GLDM is linked to Gold bullion spot price, not a broad market index.
What is GLDM's expense ratio?
GLDM's expense ratio is 0.10%.
When does GLDM pay a dividend?
GLDM does not currently distribute.
How has GLDM performed?
Total return is 227.5% over the past 8.3 years, 7.2 points ahead of GLD at 220.3%. Over the past year its total return — price change plus distributions reinvested — is -3.3%. Its deepest 1-year drawdown was 26.3%.
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Holdings as-of date unavailable.
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