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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and MUB −0.4%.

Which is cheaper, GLDM or MUB?

MUB is cheaper, by 0.05 percentage points a year. That is about $5 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 MUB: Differences, Returns & Fees

Share on X Download as PDF

GLDM is a commodity fund and MUB a bond index fund, and over the year to Oct 28, 2026, GLDM returned +2.8% against −0.4%.

askIQ about this page

askIQ about GLDM and MUB

Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $54.1bn for iShares National Muni Bond ETF.

GLDM on its own →MUB on its own →

At a glance

+2.8%

GLDM total return, 1 year

−0.4%

MUB total return, 1 year

0.10%

GLDM expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.05 points a year less; their one-year returns differ by 3.2 points; MUB is 1.8 times larger.

GLDM vs MUB: Differences, Returns & Fees
Measure	GLDM	MUB
Return
Measure	GLDM	MUB
Total return, 1 year	+2.8%	−0.4%
Drawdown
Measure	GLDM	MUB
Below its high	24.5%, high on Jan 29, 2026
Benchmark
Measure	GLDM	MUB
What it tracks	Gold	ICE AMT-Free US National Municipal Index
Cost and size
Measure	GLDM	MUB
Expense ratio	0.10%	0.05%
Net assets, as of Oct 27, 2026	$30.6bn	$54.1bn
Holdings
Measure	GLDM	MUB
Holdings in common	not published

Method

Side by side

GLDM SPDR Gold MiniShares Trust MUB iShares National Muni Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer State Street iShares

What it is Holds gold Tracks an index of National Muni Bond

Total return, 1 year +2.8% −0.4%

Its benchmark over the same days +2.5% (GLD) not measured

Gap to its benchmark +0.3 pts vs GLD not measured

Expense ratio 0.10% 0.05%

Holdings not counted 7873

Net assets, as of Oct 27, 2026 $30.6bn $54.1bn

GLDM and MUB 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.

MUB

MUB tracks an index of National Muni Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.05% a year.

Questions people ask

Which returned more over the last year, GLDM or MUB?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and MUB −0.4%.
Which is cheaper, GLDM or MUB?: MUB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs VTEB GLDM vs HYMB GLDM vs MBB GLDM vs SGOV IAU vs MUB MUB vs USO MUB vs SLV GLD vs MUB

Where to next

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

Sources and dates

State Street website ↗

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

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

Cite this pageCitation, APA and Markdown

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

Open data →

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