Data as of Oct 28, 2026.
GLDM vs NOBL: Differences, Returns & Fees
GLDM is a commodity fund and NOBL an equity index fund, and over the year to Oct 28, 2026, NOBL returned +15.5% against +2.8%.
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askIQ about GLDM and NOBLNet assets: $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.
Pair scorecard
GLDM costs 0.25 points a year less; their one-year returns differ by 12.7 points; GLDM is 2.6 times larger.
| Measure | GLDM | NOBL |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.8% | +15.5% |
| Drawdown | ||
| Below its high | 24.5%, high on Jan 29, 2026 | |
| Benchmark | ||
| What it tracks | Gold | S&P 500 Dividend Aristocrats Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.35% |
| Net assets, as of Oct 27, 2026 | $30.6bn | $11.7bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 98% | |
| Top ten holdings, share of the fund | 17.0% | |
Side by side
GLDM and NOBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
NOBL
NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.
Questions people ask
- Which returned more over the last year, GLDM or NOBL?
- In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and NOBL +15.5%.
- Which is cheaper, GLDM or NOBL?
- GLDM is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, GLDM against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-nobl
ETFIQ. (Oct 28, 2026). GLDM against NOBL. Retrieved from https://etfiq.com/compare/any/gldm-vs-nobl
[GLDM against NOBL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gldm-vs-nobl)
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