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Data as of Oct 28, 2026.

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GLDM vs IEMG: Differences, Returns & Fees

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GLDM is a commodity fund and IEMG an equity index fund, and over the year to Oct 28, 2026, IEMG returned +15.3% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $150.4bn for iShares Core MSCI Emerging Markets ETF.

GLDM on its own →IEMG on its own →
At a glance
+2.8%
GLDM total return, 1 year
+15.3%
IEMG total return, 1 year
0.10%
GLDM expense ratio
0.09%
IEMG expense ratio

Pair scorecard

IEMG costs 0.01 points a year less; their one-year returns differ by 12.5 points; IEMG is 4.9 times larger.

GLDM vs IEMG: Differences, Returns & Fees
MeasureGLDMIEMG
Return
Total return, 1 year+2.8%+15.3%
Drawdown
Below its high24.5%, high on Jan 29, 202610.1%, high on Jun 22, 2026
Benchmark
What it tracksGoldMSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Expense ratio0.10%0.09%
Net assets, as of Oct 27, 2026$30.6bn$150.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund32.7%

Method

Side by side

GLDM SPDR Gold MiniShares Trust IEMG iShares Core MSCI Emerging Markets ETF
Where it sits Commodity ETF Stock ETF
Issuer State Street iShares
What it is Holds gold Tracks the MSCI Emerging Markets
Total return, 1 year +2.8% +15.3%
Its benchmark over the same days +2.5% (GLD) +16.3% (EEM)
Gap to its benchmark +0.3 pts vs GLD −1.0 pts vs EEM
Expense ratio 0.10% 0.09%
Holdings not counted 2857
Net assets, as of Oct 27, 2026 $30.6bn $150.4bn

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

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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.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or IEMG?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and IEMG +15.3%.
Which is cheaper, GLDM or IEMG?
IEMG is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
GLDM vs VWOAVEM vs GLDMEEM vs GLDMEMXC vs GLDMIAU vs IEMGIEMG vs USOIEMG vs SLVIEMG vs SIVR
Where to next
GLDM on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →IEMG dividend history →IEMG holdings →Standards and sources →
Sources and dates
State Street website ↗
IEMG filings on SEC EDGAR ↗
IEMG prospectus with the expense ratio (SEC) ↗
iShares page for IEMG ↗

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

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

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