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SPDR® Gold MiniShares®

SPDR · US98149E3036

SPDR® Gold MiniShares® is an exchange-traded fund (ETF) from SPDR, traded under the ticker GLDM (ISIN US98149E3036). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread…

· Tracks the LBMA Gold Price PM index ?
Commodity ?Unknown Physical ?United States ?
Low yearly feeOwns the shares directlyOther
Find funds like this
SPDR fundsDomiciled in United StatesUnknownPhysically replicatedOther commoditiesYearly fee under 0.25%

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Fund size (AUM) ?
€25.7B
1-year return ?
+31.0%
Price Return · to 2026-08-14
Yearly fee (TER) ?
0.10%
All-in cost ≈ 0.00%

About this fund

What you own

The LBMA Gold Price PM index is the benchmark this fund aims to copy.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.10%Yearly fee (TER)
0.00%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

Read more

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
LBMA Gold Price PM
Replication ?
Physical
Full — buys every share
Launched
Jun 2018
8-year track record

Performance

91.2123155187219202420252026

Growth of $100 invested — both lines start at $100.

SPDR® Gold MiniShares® Average LBMA Gold Price PM ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+1.4%
1 year+31.0%
3 years+31.9%
5 years+19.6%

Return, year by year

-0.5
+13.0
+27.1
+64.2
'22'23'24'25
3 of 4 up yearsBest: 2025 +64.2%Worst: 2022 -0.5%Calendar-year total returns, in USD

How bumpy has it been?

28.2%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-26.3%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
1.53
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+145.1%
Since inception
Total growth since launch — about +19.1% a year.
+95.6%
Best 12 months
The strongest one-year stretch on record.
-11.7%
Worst 12 months
The weakest one-year stretch on record.
-26.3%
Worst fall on record ?
It has not fully recovered yet.

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
NYSEGLDMUSD★ Primary
EUR listings
Frankfurt2KP0EUR
USD listings
E1GLDM1EURUSD
E1GLDMGBPUSD
EOGLDM1EURUSD
EOGLDMGBPUSD
EUGLDM1EURUSD
EUGLDMGBPUSD
EUGLDM1USDUSD
MFGLDM*USD
MMGLDM*USD
MUGLDM*USD
NYSE ArcaGLDMUSD
NYSE ArcaGLDM®USD
OCGLDMUSD
ODGLDMUSD
PEGLDMUSD
TH2KP0USD
UAGLDMUSD
UBGLDMUSD
UCGLDMUSD
UDGLDMUSD
UFGLDMUSD
UMGLDMUSD
USGLDMUSD
UTGLDMUSD
UXGLDMUSD
VFGLDMUSD
VGGLDMUSD
VJGLDMUSD
VKGLDMUSD
VPGLDMUSD
VTGLDMUSD
VYGLDMUSD
X1GLDM1EURUSD
X1GLDM1USDUSD
X1GLDMGBPUSD
X2GLDM1EURUSD
X2GLDM1USDUSD
X2GLDMGBPUSD
XAGLDMGBPUSD
XAGLDM1USDUSD
XAGLDM1EURUSD
XEGLDM1USDUSD
XFGLDM1EURUSD
XFGLDM1USDUSD
XFGLDMGBPUSD
XGGLDM1EURUSD
XGGLDM1USDUSD
XGGLDMGBPUSD
XHGLDMGBPUSD
XHGLDM1USDUSD
XHGLDM1EURUSD
XJGLDM1EURUSD
XJGLDMGBPUSD
XLGLDMGBPUSD
XLGLDM1USDUSD
XLGLDM1EURUSD
XOGLDM1EURUSD
XOGLDM1USDUSD
XOGLDMGBPUSD
XQGLDMGBPUSD
XQGLDM1EURUSD
XTGLDM1EURUSD
XTGLDMGBPUSD
XUGLDMGBPUSD
XUGLDM1USDUSD
XUGLDM1EURUSD
XVGLDM1EURUSD
XVGLDM1USDUSD
XVGLDMGBPUSD
XWGLDMGBPUSD
XWGLDM1USDUSD
XWGLDM1EURUSD
XXGLDM1EURUSD
XXGLDMGBPUSD
XYGLDM1EURUSD
XYGLDMGBPUSD
XZGLDM1EURUSD
XZGLDMGBPUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

How it ranks vs peers

🪙 Cheaper than 96% of similar ETFs📈 Higher 1-yr return than 42%📈 Higher 3-yr return than 79%📈 Higher 5-yr return than 78%📊 Behind its category by 5.2% (1-yr) (category average +36.2%)📊 Beat its category by 13.2% (3-yr) (category average +18.7%)📊 Beat its category by 6.6% (5-yr) (category average +13.0%)

Versus the Commodities · Other · USD ETFs we track.

Advanced risk

2.17
Sortino (3y) ?
1.21
Calmar (3y) ?
20.9%
Downside deviation ?
67%
Up months (hit rate) ?
$106.77
52-week high ?
$65.65
52-week low ?

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other commodities
Compare side by side
6 similar funds
SPDR® Gold MiniShares®SPDRYou're viewingSPDR® Gold SharesSPDRSame indexiShares Physical Gold ETCiSharesBroader matchAMUNDI PHYSICAL GOLD ETC (C)AmundiBroader matchUBS Gold ETF USD accUBSBroader matchState Street® SPDR® S&P® Metals & Mining ETFSPDRBroader matchInvesco Bloomberg Commodity UCITS ETFInvescoBroader match
Why it's similarThis is the fund on this page.
Same indexUnknownPhysical
CommoditiesPhysical
Tracks a different index in the same category.
CommoditiesPhysical
Tracks a different index in the same category.
CommoditiesPhysical
Tracks a different index in the same category.
CommoditiesUnknownPhysical
Tracks a different index in the same category.
Commodities
Tracks a different index in the same category.
Index trackedLBMA Gold Price PMLBMA Gold Price PMLondon Bullion Market Association (LBMA) Gold PriceLMBA Gold Price PM USDS&P Metals & Mining Select Industry IndexBloomberg Commodity TR Index
Yearly fee (TER)0.10%0.40%0.12%0.12%0.23%0.35%0.19%
All-in cost0.00%0.00%0.13%0.00%0.00%0.00%0.34%
Fund size€25.7B€123.7B€29.1B€10.4B€5.3B€3.8B€3.7B
DomicileUnited StatesUnited StatesIrelandFranceSwitzerlandUnited StatesIreland
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Synthetic (swap)
3-yr return p.a.+31.9%+31.5%+26.1%+29.3%+32.1%+14.0%
5-yr return p.a.+19.6%+19.3%+18.2%+20.1%+20.6%
# holdings14117

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Data as of 2026-08-14 · Source: issuer data, compiled by Finance Hamster

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