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Data as of Oct 28, 2026.

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GLDM vs QUAL: Differences, Returns & Fees

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GLDM is a commodity fund and QUAL an equity index fund, and over the year to Oct 28, 2026, QUAL returned +13.1% against +2.8%.

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Net assets: $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

GLDM on its own →QUAL on its own →
At a glance
+2.8%
GLDM total return, 1 year
+13.1%
QUAL total return, 1 year
0.10%
GLDM expense ratio
0.15%
QUAL expense ratio

Pair scorecard

GLDM costs 0.05 points a year less; their one-year returns differ by 10.3 points; QUAL is 1.6 times larger.

GLDM vs QUAL: Differences, Returns & Fees
MeasureGLDMQUAL
Return
Total return, 1 year+2.8%+13.1%
Drawdown
Below its high24.5%, high on Jan 29, 2026
Benchmark
What it tracksGoldMSCI USA Sector Neutral Quality Index
Cost and size
Expense ratio0.10%0.15%
Net assets, as of Oct 26, 2026$30.4bn$48.3bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight97%
Top ten holdings, share of the fund44.5%

Method

Side by side

GLDM SPDR Gold MiniShares Trust QUAL iShares MSCI USA Quality Factor ETF
Where it sits Commodity ETF Stock ETF
Issuer State Street iShares
What it is Holds gold Tracks the MSCI USA Quality Factor
Total return, 1 year +2.8% +13.1%
Its benchmark over the same days +2.5% (GLD) +13.6% (MLRG)
Gap to its benchmark +0.3 pts vs GLD −0.5 pts vs MLRG
Expense ratio 0.10% 0.15%
Holdings not counted 119
Net assets, GLDM as of Oct 27, 2026 and QUAL as of Oct 28, 2026 $30.6bn $48.2bn

GLDM and QUAL 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.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, GLDM or QUAL?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and QUAL +13.1%.
Which is cheaper, GLDM or QUAL?
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 IWBGLDM vs SCHBGLDM vs SCHXGLDM vs ITOTIAU vs QUALQUAL vs USOQUAL vs SLVQUAL vs SIVR
Where to next
GLDM on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →QUAL dividend history →QUAL holdings →Standards and sources →
Sources and dates
State Street website ↗
QUAL filings on SEC EDGAR ↗
QUAL prospectus with the expense ratio (SEC) ↗
iShares page for QUAL ↗

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

Cite this pageCitation, APA and Markdown

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

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