GLDM: SPDR Gold MiniShares

What does GLDM hold?#

Each share of this fund stands for a small amount of real gold kept in vaults. Its price follows the price of gold, minus a low yearly fee. It does not pay interest or dividends.

It tracks the LBMA Gold Price PM.

What is the GLDM expense ratio?#

GLDM charges 0.1% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.1% fee comes to about $10 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has GLDM done since 2018?#

From June 2018 to October 2026, GLDM returned about 15.3% a year. Say you put in $10,000 at the start. It would have been worth about $32,753 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

GLDM returns by year#

What was GLDM’s worst drop?#

A drawdown is how far a fund falls from its last high point. GLDM’s worst fall was −26.3%, from January 29, 2026 to July 16, 2026. By October 16, 2026 it had not yet climbed back to that high.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold GLDM?#

No classic strategy holds GLDM yet. You can add it to your own rules in the builder and see how they would have done.

How does GLDM compare with similar ETFs?#

Funds that can stand in for GLDM:

• SGOL: abrdn Physical Gold Shares ETF, 0.17% a year
• BAR: GraniteShares Gold Trust, 0.1749% a year
• AAAU: Goldman Sachs Physical Gold ETF, 0.18% a year
• GLD: SPDR Gold Shares, 0.4% a year

See all 8 GLDM alternatives, compared on the same dates as GLDM.

Test GLDM in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add GLDM, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for GLDM. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from SPDR (State Street). We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.