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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and MOAT +10.3%.

Which is cheaper, GLDM or MOAT?

GLDM is cheaper, by 0.36 percentage points a year. That is about $36 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 MOAT: Differences, Returns & Fees

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GLDM is a commodity fund and MOAT an equity index fund, and over the year to Oct 28, 2026, MOAT returned +10.3% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $11.6bn for VanEck Morningstar Wide Moat ETF.

GLDM on its own →MOAT on its own →

At a glance

+2.8%

GLDM total return, 1 year

+10.3%

MOAT total return, 1 year

0.10%

GLDM expense ratio

0.46%

MOAT expense ratio

Pair scorecard

GLDM costs 0.36 points a year less; their one-year returns differ by 7.5 points; GLDM is 2.6 times larger.

GLDM vs MOAT: Differences, Returns & Fees
Measure	GLDM	MOAT
Return
Measure	GLDM	MOAT
Total return, 1 year	+2.8%	+10.3%
Drawdown
Measure	GLDM	MOAT
Below its high	24.5%, high on Jan 29, 2026	3.7%, high on Aug 27, 2026
Benchmark
Measure	GLDM	MOAT
What it tracks	Gold	Morningstar Wide Moat Focus Index
Cost and size
Measure	GLDM	MOAT
Expense ratio	0.10%	0.46%
Net assets, as of Oct 27, 2026	$30.6bn	$11.6bn
Holdings
Measure	GLDM	MOAT
Holdings in common	not published
In the S&P 500, by weight		92%
Top ten holdings, share of the fund		26.5%

Method

Side by side

GLDM SPDR Gold MiniShares Trust MOAT VanEck Morningstar Wide Moat ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street VanEck

What it is Holds gold Tracks the Morningstar Wide Moat

Total return, 1 year +2.8% +10.3%

Its benchmark over the same days +2.5% (GLD) +13.7% (VOO)

Gap to its benchmark +0.3 pts vs GLD −3.4 pts vs VOO

Expense ratio 0.10% 0.46%

Holdings not counted 54

Net assets, as of Oct 27, 2026 $30.6bn $11.6bn

GLDM and MOAT 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.

MOAT

MOAT tracks the Morningstar Wide Moat. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.46% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 26.5%. It sat 3.7% below its high of Aug 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or MOAT?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and MOAT +10.3%.
Which is cheaper, GLDM or MOAT?: GLDM is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs MDY GLDM vs VO GLDM vs IJH GLDM vs VXF IAU vs MOAT MOAT vs USO MOAT vs SLV MOAT vs SIVR

Where to next

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

Sources and dates

State Street website ↗

MOAT filings on SEC EDGAR ↗

MOAT prospectus with the expense ratio (SEC) ↗

VanEck website ↗

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

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

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