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Data as of Oct 28, 2026.

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GLDM vs MDY: Differences, Returns & Fees

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GLDM is a commodity fund and MDY an equity index fund, and over the year to Oct 28, 2026, MDY returned +12.8% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $25.9bn for SPDR S&P MidCap 400 ETF Trust.

GLDM on its own →MDY on its own →
At a glance
+2.8%
GLDM total return, 1 year
+12.8%
MDY total return, 1 year
0.10%
GLDM expense ratio
0.23%
MDY expense ratio

Pair scorecard

GLDM costs 0.13 points a year less; their one-year returns differ by 10.0 points; GLDM is 1.2 times larger.

GLDM vs MDY: Differences, Returns & Fees
MeasureGLDMMDY
Return
Total return, 1 year+2.8%+12.8%
Drawdown
Below its high24.5%, high on Jan 29, 20266.5%, high on Aug 14, 2026
Benchmark
What it tracksGoldS&P MidCap 400 Index
Cost and size
Expense ratio0.10%0.23%
Net assets, as of Oct 27, 2026$30.6bn$25.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund7.5%

Method

Side by side

GLDM SPDR Gold MiniShares Trust MDY SPDR S&P MidCap 400 ETF Trust
Where it sits Commodity ETF Stock ETF
Issuer State Street State Street
What it is Holds gold Tracks the S&P MidCap 400
Total return, 1 year +2.8% +12.8%
Its benchmark over the same days +2.5% (GLD) +13.2% (IJH)
Gap to its benchmark +0.3 pts vs GLD −0.4 pts vs IJH
Expense ratio 0.10% 0.23%
Holdings not counted 401
Net assets, as of Oct 27, 2026 $30.6bn $25.9bn

GLDM and MDY 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.

MDY

MDY tracks the S&P MidCap 400. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.2% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.23% 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 401 positions, with the top ten at 7.5%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or MDY?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and MDY +12.8%.
Which is cheaper, GLDM or MDY?
GLDM is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
GLDM vs VOGLDM vs IJHGLDM vs VXFGLDM vs MOATIAU vs MDYMDY vs USOMDY vs SLVMDY vs SIVR
Where to next
GLDM on its own →MDY on its own →Hold both: look the portfolio through →Rankings →MDY dividend history →MDY holdings →Standards and sources →
Sources and dates
State Street website ↗
MDY filings on SEC EDGAR ↗

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

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

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