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FGDL vs GLDM: Differences, Returns & Fees

FGDL and GLDM are both commodity funds, and over the year they finished level, −1.5% against −1.0%. Net assets: $424m on Oct 14, 2026 for Franklin Responsibly Sourced Gold ETF, and $31.0bn on Oct 13, 2026 for SPDR Gold MiniShares Trust.

GLDM costs 0.05 points a year less; their one-year returns differ by 0.5 points; GLDM is far larger, $30.4bn against $424m.

FGDL vs GLDM: Differences, Returns & Fees
FGDLGLDM
Expense ratio0.15%0.10%
Net assets$424m$30.4bn
Total return, 1 year−1.5%−1.0%
What it tracksGoldGold
Holdings in commonnot published
Below its high24.3%, high on Jan 29, 202624.0%, high on Jan 29, 2026
−1.5%
FGDL total return, 1 year
−1.0%
GLDM total return, 1 year
0.15%
FGDL expense ratio
0.10%
GLDM expense ratio
Client brief · page 1 of 2Report BR-6A59D4E369

FGDL and GLDM are built for the same job. How do they differ in cost, holdings and results?

  1. Size. FGDL has $424m in net assets and GLDM $30.4bn (Net assets); GLDM is 71.7 times larger.
  2. What each follows (similar). Both follow Gold.
  3. One-year total return (similar). Over 1 year to Oct 14, 2026 FGDL returned −1.5% and GLDM −1.0% with distributions reinvested, a gap of 0.5 points.

Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

FGDL
Franklin Responsibly Sourced Gold ETF
GLDM
SPDR Gold MiniShares Trust
Where it sits Commodity ETF Commodity ETF
Issuer Franklin State Street
What it is Holds gold Holds gold
Total return, 1 year −1.5% −1.0%
Its benchmark over the same days −1.3% (GLD) −1.3% (GLD)
Gap to its benchmark −0.2 pts vs GLD +0.2 pts vs GLD
Expense ratio 0.15% 0.10%
Net assets, FGDL as of Oct 14, 2026 and GLDM as of Oct 13, 2026 $424m $31.0bn

FGDL and GLDM on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About FGDL

FGDL holds gold. Over the year to Oct 14, 2026 it returned −1.5% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.3% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.15% a year, for the three months to Jun 30, 2026, as its 10-Q states.

About GLDM

GLDM holds gold. Over the year to Oct 14, 2026 it returned −1.0% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.0% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

Questions people ask

Which returned more over the last year, FGDL or GLDM?
In the year to Oct 14, 2026, with distributions reinvested, FGDL returned −1.5% and GLDM −1.0%.
Which is cheaper, FGDL or GLDM?
GLDM is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
FGDL vs IAUMFGDL vs GLDFGDL vs OUNZFGDL vs IAUGLDM vs SGOLGLDM vs IAUMGLDM vs IAUGLDM vs OUNZ
FGDL on its own →GLDM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FGDL filings on SEC EDGAR ↗Franklin website ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, FGDL against GLDM, data as of Oct 14, 2026. https://etfiq.com/compare/any/fgdl-vs-gldm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.