A
vs
B
Share
Compare their flowsAsk IQ about these two funds

GLDM vs IAUM: Differences, Returns & Fees

GLDM and IAUM are both commodity funds, and over the year they finished level, −1.0% against −1.1%. Net assets: $31.0bn on Oct 13, 2026 for SPDR Gold MiniShares Trust, and $7.9bn on Oct 14, 2026 for iShares Gold Trust Micro Shares.

IAUM costs 0.03 points a year less; their one-year returns differ by 0.1 points; GLDM is 3.9 times larger.

GLDM vs IAUM: Differences, Returns & Fees
GLDMIAUM
Expense ratio0.10%0.07%
Net assets$30.4bn$7.9bn
Total return, 1 year−1.0%−1.1%
What it tracksGoldGold
Holdings in commonnot published
Below its high24.0%, high on Jan 29, 202624.1%, high on Jan 29, 2026
−1.0%
GLDM total return, 1 year
−1.1%
IAUM total return, 1 year
0.10%
GLDM expense ratio
0.07%
IAUM expense ratio
Client brief · page 1 of 2Report BR-CE2673A543

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

  1. Size. GLDM has $30.4bn in net assets and IAUM $7.9bn (Net assets); GLDM is 3.8 times larger.
  2. What each follows (similar). Both follow Gold.
  3. One-year total return (similar). Over 1 year to Oct 14, 2026 GLDM returned −1.0% and IAUM −1.1% with distributions reinvested, a gap of 0.1 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.

Take this comparison to a client

A two-page PDF of this page: the choice, three differences, the trade-offs and the sources. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

On the same fields

GLDM
SPDR Gold MiniShares Trust
IAUM
iShares Gold Trust Micro Shares
Where it sits Commodity ETF Commodity ETF
Issuer State Street iShares
What it is Holds gold Holds gold
Total return, 1 year −1.0% −1.1%
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 0.10% 0.07%
Net assets, GLDM as of Oct 13, 2026 and IAUM as of Oct 14, 2026 $31.0bn $7.9bn

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

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.

About IAUM

IAUM holds gold. Over the year to Oct 14, 2026 it returned −1.1% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.1% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.07% 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, GLDM or IAUM?
In the year to Oct 14, 2026, with distributions reinvested, GLDM returned −1.0% and IAUM −1.1%.
Which is cheaper, GLDM or IAUM?
IAUM is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
GLDM vs OUNZAAAU vs GLDMGLDM vs USOGLDM vs IAUAAAU vs IAUMIAUM vs OUNZIAU vs IAUMIAUM vs SGOL
GLDM on its own →IAUM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
State Street website ↗IAUM filings on SEC EDGAR ↗iShares page for IAUM ↗

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

Open data

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