Which returned more over the last year, GLDM or HDV?

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and HDV +29.4%.

Which is cheaper, GLDM or HDV?

HDV is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GLDM vs HDV: Differences, Returns & Fees

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GLDM is a commodity fund and HDV an equity index fund, and over the year to Oct 28, 2026, HDV returned +29.4% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $15.9bn for iShares Core High Dividend ETF.

GLDM on its own →HDV on its own →

At a glance

+2.8%

GLDM total return, 1 year

+29.4%

HDV total return, 1 year

0.10%

GLDM expense ratio

0.08%

HDV expense ratio

Pair scorecard

HDV costs 0.02 points a year less; their one-year returns differ by 26.6 points; GLDM is 1.9 times larger.

GLDM vs HDV: Differences, Returns & Fees
Measure	GLDM	HDV
Return
Measure	GLDM	HDV
Total return, 1 year	+2.8%	+29.4%
Drawdown
Measure	GLDM	HDV
Below its high	24.5%, high on Jan 29, 2026
Benchmark
Measure	GLDM	HDV
What it tracks	Gold	Morningstar Dividend Yield Focus Index
Cost and size
Measure	GLDM	HDV
Expense ratio	0.10%	0.08%
Net assets, as of Oct 27, 2026	$30.6bn	$15.9bn
Holdings
Measure	GLDM	HDV
Holdings in common	not published
In the S&P 500, by weight		90%
Top ten holdings, share of the fund		55.6%

Method

Risk and return

Jul 6, 2018 to Oct 23, 2026 · 433 weekly returns

GLDM HDV

Return

Total return edge GLDM +215.1% +139.2%

Annualized edge GLDM +14.8% +11.0%

Price return edge GLDM +215.1% +76.8%

Risk

Volatility edge Tie 16.0% 16.2%

Max drawdown edge GLDM −24.0% −33.4%

Risk-adjusted

Sharpe edge GLDM 0.77 0.56

Sortino edge GLDM 1.17 0.77

Calmar edge GLDM 0.62 0.33

Reading

GLDM returned more: +215.1% to +139.2%. GLDM and HDV swung about the same: 16.0% and 16.2%. GLDM fell less at its worst: −24.0% to −33.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GLDM vs HDV: Differences, Returns & Fees
Measure	GLDM	HDV	Edge	How it is measured
Return
Total return	+215.1%	+139.2%	GLDM	Price change plus distributions, reinvested.
Annualized	+14.8%	+11.0%	GLDM	Total return as a yearly rate.
Price return	+215.1%	+76.8%	GLDM	Price change alone, distributions left out.
Risk
Volatility	16.0%	16.2%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.5%	11.7%	GLDM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.0%	−33.4%	GLDM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.77	0.56	GLDM	Return above Treasury bills per unit of volatility.
Sortino	1.17	0.77	GLDM	Return above Treasury bills per unit of downside deviation.
Calmar	0.62	0.33	GLDM	Annualized return divided by the max drawdown.

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

GLDM SPDR Gold MiniShares Trust HDV iShares Core High Dividend ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street iShares

What it is Holds gold Tracks an index of High Dividend

Total return, 1 year +2.8% +29.4%

Its benchmark over the same days +2.5% (GLD) not measured

Gap to its benchmark +0.3 pts vs GLD not measured

Expense ratio 0.10% 0.08%

Holdings not counted 77

Net assets, as of Oct 27, 2026 $30.6bn $15.9bn

GLDM and HDV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A0D251B263

GLDM and HDV do different jobs. What does each one do in a portfolio?

What each follows. GLDM follows Gold and HDV follows Morningstar Dividend Yield Focus Index.
One-year total return. Over 1 year to Oct 28, 2026 GLDM returned +2.8% and HDV +29.4% with distributions reinvested, a gap of 26.6 points.
Cost (similar). GLDM charges 0.10% of assets a year and HDV 0.08%, a gap of 0.02 points.

Data as of Oct 28, 2026.

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About each fund

GLDM

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.

HDV

HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.

Questions people ask

Which returned more over the last year, GLDM or HDV?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and HDV +29.4%.
Which is cheaper, GLDM or HDV?: HDV is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs SPHD GLDM vs VTV GLDM vs PVAL GLDM vs VLUE HDV vs IAU HDV vs USO HDV vs SLV HDV vs SIVR

Where to next

GLDM on its own →HDV on its own →Hold both: look the portfolio through →Rankings →HDV dividend history →HDV holdings →Standards and sources →

Sources and dates

State Street website ↗

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, GLDM against HDV, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-hdv

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