Data as of Oct 28, 2026.

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GLDM vs NOBL: Differences, Returns & Fees

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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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Net 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.

At a glance
+2.8%
GLDM total return, 1 year
+15.5%
NOBL total return, 1 year
0.10%
GLDM expense ratio
0.35%
NOBL expense ratio

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.

GLDM vs NOBL: Differences, Returns & Fees
MeasureGLDMNOBL
Return
Total return, 1 year+2.8%+15.5%
Drawdown
Below its high24.5%, high on Jan 29, 2026
Benchmark
What it tracksGoldS&P 500 Dividend Aristocrats Index
Cost and size
Expense ratio0.10%0.35%
Net assets, as of Oct 27, 2026$30.6bn$11.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight98%
Top ten holdings, share of the fund17.0%

Method

Side by side

GLDM SPDR Gold MiniShares Trust NOBL ProShares S&P 500 Dividend Aristocrats ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks the S&P 500 Dividend Aristocrats
Total return, 1 year +2.8% +15.5%
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% 0.35%
Holdings not counted 69
Net assets, GLDM as of Oct 27, 2026 and NOBL as of Oct 28, 2026 $30.6bn $11.6bn

GLDM and NOBL 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.

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.
Other comparisons
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ETFIQ, GLDM against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-nobl

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