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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and QQQM +15.2%.

Which is cheaper, GLDM or QQQM?

GLDM 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 QQQM: Differences, Returns & Fees

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

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $110.4bn for Invesco NASDAQ 100 ETF.

GLDM on its own →QQQM on its own →

At a glance

+2.8%

GLDM total return, 1 year

+15.2%

QQQM total return, 1 year

0.10%

GLDM expense ratio

0.15%

QQQM expense ratio

Pair scorecard

GLDM costs 0.05 points a year less; their one-year returns differ by 12.4 points; QQQM is 3.6 times larger.

GLDM vs QQQM: Differences, Returns & Fees
Measure	GLDM	QQQM
Return
Measure	GLDM	QQQM
Total return, 1 year	+2.8%	+15.2%
Drawdown
Measure	GLDM	QQQM
Below its high	24.5%, high on Jan 29, 2026	4.5%, high on Oct 6, 2026
Benchmark
Measure	GLDM	QQQM
What it tracks	Gold	Nasdaq-100 Index
Cost and size
Measure	GLDM	QQQM
Expense ratio	0.10%	0.15%
Net assets, as of Oct 27, 2026	$30.6bn	$110.4bn
Holdings
Measure	GLDM	QQQM
Holdings in common	not published
In the S&P 500, by weight		96%
Top ten holdings, share of the fund		46.7%

Method

Side by side

GLDM SPDR Gold MiniShares Trust QQQM Invesco NASDAQ 100 ETF

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% (QQQ)

Gap to its benchmark +0.3 pts vs GLD 0.0 pts vs QQQ

Expense ratio 0.10% 0.15%

Holdings not counted 105

Net assets, as of Oct 27, 2026 $30.6bn $110.4bn

GLDM and QQQM 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.

QQQM

QQQM 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 0.15% 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 105 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 QQQM?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and QQQM +15.2%.
Which is cheaper, GLDM or QQQM?: GLDM 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 SPYG GLDM vs VONG GLDM vs MGK GLDM vs QQQ IAU vs QQQM QQQM vs USO QQQM vs SLV QQQM vs SIVR

Where to next

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

Sources and dates

State Street website ↗

QQQM filings on SEC EDGAR ↗

QQQM prospectus with the expense ratio (SEC) ↗

Invesco page for QQQM ↗

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

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

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