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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and IWM +14.1%.

Which is cheaper, GLDM or IWM?

GLDM is cheaper, by 0.09 percentage points a year. That is about $9 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 IWM: Differences, Returns & Fees

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GLDM is a commodity fund and IWM an equity index fund, and over the year to Oct 28, 2026, IWM returned +14.1% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $75.5bn for iShares Russell 2000 ETF.

GLDM on its own →IWM on its own →

At a glance

+2.8%

GLDM total return, 1 year

+14.1%

IWM total return, 1 year

0.10%

GLDM expense ratio

0.19%

IWM expense ratio

Pair scorecard

GLDM costs 0.09 points a year less; their one-year returns differ by 11.3 points; IWM is 2.5 times larger.

GLDM vs IWM: Differences, Returns & Fees
Measure	GLDM	IWM
Return
Measure	GLDM	IWM
Total return, 1 year	+2.8%	+14.1%
Drawdown
Measure	GLDM	IWM
Below its high	24.5%, high on Jan 29, 2026	7.6%, high on Aug 14, 2026
Benchmark
Measure	GLDM	IWM
What it tracks	Gold	Russell 2000 Index
Cost and size
Measure	GLDM	IWM
Expense ratio	0.10%	0.19%
Net assets, as of Oct 27, 2026	$30.6bn	$75.5bn
Holdings
Measure	GLDM	IWM
Holdings in common	not published
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		3.3%

Method

Side by side

GLDM SPDR Gold MiniShares Trust IWM iShares Russell 2000 ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street iShares

What it is Holds gold Tracks the Russell 2000

Total return, 1 year +2.8% +14.1%

Its benchmark over the same days +2.5% (GLD) +14.3% (VTWO)

Gap to its benchmark +0.3 pts vs GLD −0.2 pts vs VTWO

Expense ratio 0.10% 0.19%

Holdings not counted 1977

Net assets, as of Oct 27, 2026 $30.6bn $75.5bn

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

Alert

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.

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or IWM?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and IWM +14.1%.
Which is cheaper, GLDM or IWM?: GLDM is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs IWC GLDM vs VB GLDM vs IJR GLDM vs IJT IAU vs IWM IWM vs USO IWM vs SLV IWM vs SIVR

Where to next

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

Sources and dates

State Street website ↗

IWM filings on SEC EDGAR ↗

IWM prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

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

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

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