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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and ONEQ +12.7%.

Which is cheaper, GLDM or ONEQ?

GLDM is cheaper, by 0.11 percentage points a year. That is about $11 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 ONEQ: Differences, Returns & Fees

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GLDM is a commodity fund and ONEQ an equity index fund, and over the year to Oct 28, 2026, ONEQ returned +12.7% against +2.8%.

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Net assets: $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust, and $10.9bn on Sep 30, 2026 for Fidelity Nasdaq Composite Index ETF.

GLDM on its own →ONEQ on its own →

At a glance

+2.8%

GLDM total return, 1 year

+12.7%

ONEQ total return, 1 year

0.10%

GLDM expense ratio

0.21%

ONEQ expense ratio

Pair scorecard

GLDM costs 0.11 points a year less; their one-year returns differ by 9.9 points; GLDM is 2.8 times larger.

GLDM vs ONEQ: Differences, Returns & Fees
Measure	GLDM	ONEQ
Return
Measure	GLDM	ONEQ
Total return, 1 year	+2.8%	+12.7%
Drawdown
Measure	GLDM	ONEQ
Below its high	24.5%, high on Jan 29, 2026	3.8%, high on Oct 6, 2026
Benchmark
Measure	GLDM	ONEQ
What it tracks	Gold	Nasdaq Composite Index
Cost and size
Measure	GLDM	ONEQ
Expense ratio	0.10%	0.21%
Net assets, as of Sep 30, 2026	$30.7bn	$10.9bn
Holdings
Measure	GLDM	ONEQ
Holdings in common	not published
In the S&P 500, by weight		85%
Holdings dated		Aug 31, 2026
Top ten holdings, share of the fund		56.0%

Method

Side by side

GLDM SPDR Gold MiniShares Trust ONEQ Fidelity Nasdaq Composite Index ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street Fidelity

What it is Holds gold Tracks the Nasdaq Composite

Total return, 1 year +2.8% +12.7%

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% 0.21%

Holdings not counted 1026

Net assets, GLDM as of Oct 27, 2026 and ONEQ as of Sep 30, 2026 $30.6bn $10.9bn

GLDM and ONEQ 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.

ONEQ

ONEQ tracks the Nasdaq Composite. Over the year to Oct 28, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.21% a year. By its holdings filed for Aug 31, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 1,026 positions, with the top ten at 56.0%. It sat 3.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or ONEQ?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and ONEQ +12.7%.
Which is cheaper, GLDM or ONEQ?: GLDM is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs MAGS GLDM vs VUG GLDM vs QQQ GLDM vs VOOG IAU vs ONEQ ONEQ vs USO ONEQ vs SLV ONEQ vs SIVR

Where to next

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

Sources and dates

State Street website ↗

ONEQ filings on SEC EDGAR ↗

ONEQ prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

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

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

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