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

In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and USMV +10.8%.

Which is cheaper, GLDM or USMV?

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 USMV: Differences, Returns & Fees

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GLDM is a commodity fund and USMV an equity index fund, and over the year to Oct 28, 2026, USMV returned +10.8% against +2.8%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

GLDM on its own →USMV on its own →

At a glance

+2.8%

GLDM total return, 1 year

+10.8%

USMV total return, 1 year

0.10%

GLDM expense ratio

0.15%

USMV expense ratio

Pair scorecard

GLDM costs 0.05 points a year less; their one-year returns differ by 8.0 points; GLDM is 1.3 times larger.

GLDM vs USMV: Differences, Returns & Fees
Measure	GLDM	USMV
Return
Measure	GLDM	USMV
Total return, 1 year	+2.8%	+10.8%
Drawdown
Measure	GLDM	USMV
Below its high	24.5%, high on Jan 29, 2026
Benchmark
Measure	GLDM	USMV
What it tracks	Gold	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	GLDM	USMV
Expense ratio	0.10%	0.15%
Net assets, as of Oct 27, 2026	$30.6bn	$24.1bn
Holdings
Measure	GLDM	USMV
Holdings in common	not published
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

Method

Side by side

GLDM SPDR Gold MiniShares Trust USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street iShares

What it is Holds gold Tracks the MSCI USA Min Vol Factor

Total return, 1 year +2.8% +10.8%

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% 0.15%

Holdings not counted 176

Net assets, as of Oct 27, 2026 $30.6bn $24.1bn

GLDM and USMV 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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, GLDM or USMV?: In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and USMV +10.8%.
Which is cheaper, GLDM or USMV?: 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 GRNY GLDM vs RDVY CGGR vs GLDM GLDM vs SPMO IAU vs USMV USMV vs USO SLV vs USMV SIVR vs USMV

Where to next

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

Sources and dates

State Street website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

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

Cite this pageCitation, APA and Markdown

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

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