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Data as of Oct 28, 2026.

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GLDM vs QQQ: Differences, Returns & Fees

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GLDM is a commodity fund and QQQ an equity index fund, and over the year to Oct 28, 2026, QQQ returned +15.2% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $483.0bn for Invesco QQQ Trust, Series 1.

GLDM on its own →QQQ on its own →
At a glance
+2.8%
GLDM total return, 1 year
+15.2%
QQQ total return, 1 year
0.10%
GLDM expense ratio
0.18%
QQQ expense ratio

Pair scorecard

GLDM costs 0.08 points a year less; their one-year returns differ by 12.4 points; QQQ is 15.8 times larger.

GLDM vs QQQ: Differences, Returns & Fees
MeasureGLDMQQQ
Return
Total return, 1 year+2.8%+15.2%
Drawdown
Below its high24.5%, high on Jan 29, 20264.5%, high on Oct 6, 2026
Benchmark
What it tracksGoldNasdaq-100 Index
Cost and size
Expense ratio0.10%0.18%
Net assets, as of Oct 27, 2026$30.6bn$483.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Method

Side by side

GLDM SPDR Gold MiniShares Trust QQQ Invesco QQQ Trust, Series 1
Where it sits Commodity ETF Stock ETF
Issuer State Street Invesco
What it is Holds gold Tracks the Nasdaq-100
Total return, 1 year +2.8% +15.2%
Its benchmark over the same days +2.5% (GLD) +15.2% (QQQM)
Gap to its benchmark +0.3 pts vs GLD 0.0 pts vs QQQM
Expense ratio 0.10% 0.18%
Holdings not counted 103
Net assets, as of Oct 27, 2026 $30.6bn $483.0bn

GLDM and QQQ 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.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and QQQ +15.2%.
Which is cheaper, GLDM or QQQ?
GLDM is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
GLDM vs VUGGLDM vs IWFGLDM vs QQQMGLDM vs SCHGIAU vs QQQQQQ vs USOQQQ vs SLVQQQ vs SIVR
Where to next
GLDM on its own →QQQ on its own →Hold both: look the portfolio through →Rankings →QQQ dividend history →QQQ holdings →Standards and sources →
Sources and dates
State Street website ↗
QQQ filings on SEC EDGAR ↗
QQQ prospectus with the expense ratio (SEC) ↗
Invesco page for QQQ ↗

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

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

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