Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GLDM vs IAU: how they differ
GLDM and IAU are both commodity funds, and over the year they finished level, +19.4% against +19.2%.
SPDR Gold MiniShares Trust and iShares Gold Trust.
| GLDM SPDR Gold MiniShares Trust | IAU iShares Gold Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Gold MiniShares | Gold |
| Total return, 1 year | +19.4% | +19.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.9 pts | +1.7 pts |
| Expense ratio | not published | 0.25% |
GLDM in plain words
GLDM is a commodity fund tracking the Gold MiniShares. Over the year to Sep 11, 2026 it returned +19.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. It sat 19.4% below its high of Jan 29, 2026 on Sep 11, 2026.
IAU in plain words
IAU is a commodity fund tracking the Gold. Over the year to Sep 11, 2026 it returned +19.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. It sat 19.6% below its high of Jan 29, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GLDM or IAU?
- In the year to Sep 12, 2026, with distributions reinvested, GLDM returned +19.4% and IAU returned +19.2%, so GLDM returned more. One year is one year; the longer windows are in the table.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GLDM against IAU, data as of Sep 12, 2026. https://etfiq.com/compare/any/GLDM-IAU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources