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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and SPHD +11.0%.

Which is cheaper, GLDM or SPHD?

GLDM is cheaper, by 0.20 percentage points a year. That is about $20 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 SPHD: Differences, Returns & Fees

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GLDM is a commodity fund and SPHD an equity index fund, and over the year to Oct 28, 2026, SPHD returned +11.0% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $3.3bn for Invesco S&P 500 High Dividend Low Volatility ETF.

GLDM on its own →SPHD on its own →

At a glance

+2.8%

GLDM total return, 1 year

+11.0%

SPHD total return, 1 year

0.10%

GLDM expense ratio

0.30%

SPHD expense ratio

Pair scorecard

GLDM costs 0.20 points a year less; their one-year returns differ by 8.2 points; GLDM is 9.3 times larger.

GLDM vs SPHD: Differences, Returns & Fees
Measure	GLDM	SPHD
Return
Measure	GLDM	SPHD
Total return, 1 year	+2.8%	+11.0%
Drawdown
Measure	GLDM	SPHD
Below its high	24.5%, high on Jan 29, 2026	4.2%, high on Aug 24, 2026
Benchmark
Measure	GLDM	SPHD
What it tracks	Gold	S&P 500 Low Volatility High Dividend Index
Cost and size
Measure	GLDM	SPHD
Expense ratio	0.10%	0.30%
Net assets, as of Oct 27, 2026	$30.6bn	$3.3bn
Holdings
Measure	GLDM	SPHD
Holdings in common	not published
In the S&P 500, by weight		95%
Top ten holdings, share of the fund		28.2%

Method

Side by side

GLDM SPDR Gold MiniShares Trust SPHD Invesco S&P 500 High Dividend Low Volatility ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street Invesco

What it is Holds gold Tracks the S&P 500 High Dividend Low Volatility

Total return, 1 year +2.8% +11.0%

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% 0.30%

Holdings not counted 59

Net assets, as of Oct 27, 2026 $30.6bn $3.3bn

GLDM and SPHD 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.

SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or SPHD?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and SPHD +11.0%.
Which is cheaper, GLDM or SPHD?: GLDM is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLDM vs SPYD GLDM vs VLUE GLDM vs PVAL GLDM vs SCHD IAU vs SPHD SPHD vs USO SLV vs SPHD SIVR vs SPHD

Where to next

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

Sources and dates

State Street website ↗

SPHD filings on SEC EDGAR ↗

SPHD prospectus with the expense ratio (SEC) ↗

Invesco page for SPHD ↗

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

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

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