Data as of Oct 28, 2026.

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GLDM vs TIP: Differences, Returns & Fees

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GLDM is a commodity fund and TIP a bond index fund, and over the year to Oct 28, 2026, GLDM returned +2.8% against −1.0%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $14.6bn for iShares TIPS Bond ETF.

At a glance
+2.8%
GLDM total return, 1 year
−1.0%
TIP total return, 1 year
0.10%
GLDM expense ratio
0.18%
TIP expense ratio

Pair scorecard

GLDM costs 0.08 points a year less; their one-year returns differ by 3.8 points; GLDM is 2.1 times larger.

GLDM vs TIP: Differences, Returns & Fees
MeasureGLDMTIP
Return
Total return, 1 year+2.8%−1.0%
Drawdown
Below its high24.5%, high on Jan 29, 2026
Benchmark
What it tracksGoldICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Expense ratio0.10%0.18%
Net assets, as of Oct 27, 2026$30.6bn$14.6bn
Holdings
Holdings in commonnot published

Method

Side by side

GLDM SPDR Gold MiniShares Trust TIP iShares TIPS Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Holds gold Tracks an index of TIPS Bond
Total return, 1 year +2.8% −1.0%
Its benchmark over the same days +2.5% (GLD) −0.8% (VTP)
Gap to its benchmark +0.3 pts vs GLD −0.2 pts vs VTP
Expense ratio 0.10% 0.18%
Holdings not counted 48
Net assets, as of Oct 27, 2026 $30.6bn $14.6bn

GLDM and TIP 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.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, GLDM or TIP?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and TIP −1.0%.
Which is cheaper, GLDM or TIP?
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
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ETFIQ, GLDM against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-tip

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