Data as of Oct 28, 2026.
FNDX vs GLDM: Differences, Returns & Fees
FNDX is an equity index fund and GLDM a commodity fund, and over the year to Oct 28, 2026, FNDX returned +23.9% against +2.8%.
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Net assets: $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust.
Pair scorecard
GLDM costs 0.15 points a year less; their one-year returns differ by 21.1 points.
| Measure | FNDX | GLDM |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.9% | +2.8% |
| Drawdown | ||
| Below its high | 24.5%, high on Jan 29, 2026 | |
| Benchmark | ||
| What it tracks | Fundamental U.S. Large Company | Gold |
| Cost and size | ||
| Expense ratio | 0.25% | 0.10% |
| Net assets, FNDX as of Aug 31, 2026 and GLDM as of Oct 27, 2026 | $27.6bn | $30.6bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 88% | |
| Top ten holdings, share of the fund | 21.0% | |
Risk and return
Jul 6, 2018 to Oct 23, 2026 · 433 weekly returnsEach against its own benchmark: FNDX against IWB, Aug 23, 2013 to Oct 23, 2026; GLDM against GLD, Jul 6, 2018 to Oct 23, 2026.
GLDM returned slightly more: +215.1% to +206.6%. GLDM swung less: 16.0% to 18.0%. GLDM fell less at its worst: −24.0% to −35.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FNDX | GLDM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +206.6% | +215.1% | GLDM (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.4% | +14.8% | GLDM (slight) | Total return as a yearly rate. |
| Price return | +158.9% | +215.1% | GLDM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 16.0% | GLDM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.8% | 10.5% | GLDM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.2% | −24.0% | GLDM | Deepest fall from a high to the low after it. |
| Upside capture | 86.4% | 100.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 92.1% | 99.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.93 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.90 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.77 | GLDM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.96 | 1.17 | GLDM | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.128 | 0.123 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.41 | 0.62 | GLDM | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | GLD | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | +0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.28 | 1.42 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.4% to +3.2% | −0.1% to +0.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | 0.43 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.3% | 0.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 433 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
FNDX and GLDM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDX and GLDM do different jobs. What does each one do in a portfolio?
- What each follows. FNDX follows Fundamental U.S. Large Company and GLDM follows Gold.
- One-year total return. Over 1 year to Oct 28, 2026 FNDX returned +23.9% and GLDM +2.8% with distributions reinvested, a gap of 21.1 points.
- Cost. FNDX charges 0.25% of assets a year and GLDM 0.10%, a gap of 0.15 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.
Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.
GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNDX or GLDM?
- In the year to Oct 28, 2026, with distributions reinvested, FNDX returned +23.9% and GLDM +2.8%.
- Which is cheaper, FNDX or GLDM?
- GLDM is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, FNDX against GLDM, data as of Oct 28, 2026. https://etfiq.com/compare/any/fndx-vs-gldm
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