Data as of Oct 28, 2026.

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GLDM vs VT: Differences, Returns & Fees

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GLDM is a commodity fund and VT an equity index fund, and over the year to Oct 28, 2026, VT returned +13.5% against +2.8%.

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Net assets: $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust, and $81.8bn on Sep 30, 2026 for Vanguard Total World Stock Index ETF.

At a glance
+2.8%
GLDM total return, 1 year
+13.5%
VT total return, 1 year
0.10%
GLDM expense ratio
0.06%
VT expense ratio

Pair scorecard

VT costs 0.04 points a year less; their one-year returns differ by 10.7 points; VT is 2.7 times larger.

GLDM vs VT: Differences, Returns & Fees
MeasureGLDMVT
Return
Total return, 1 year+2.8%+13.5%
Drawdown
Below its high24.5%, high on Jan 29, 2026
Benchmark
What it tracksGoldFTSE Global All Cap Index
Cost and size
Expense ratio0.10%0.06%
Net assets, as of Sep 30, 2026$30.7bn$81.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight55%
Top ten holdings, share of the fund22.5%

Method

Risk and return

Jul 6, 2018 to Oct 23, 2026 · 433 weekly returns
GLDM VT
Return
Total return edge GLDM +215.1% +148.9%
Annualized edge GLDM +14.8% +11.6%
Price return edge GLDM +215.1% +110.4%
Risk
Volatility edge GLDM (slight) 16.0% 17.4%
Max drawdown edge GLDM −24.0% −32.6%
Risk-adjusted
Sharpe edge GLDM 0.77 0.56
Sortino edge GLDM 1.17 0.79
Calmar edge GLDM 0.62 0.36
Reading

GLDM returned more: +215.1% to +148.9%. GLDM swung slightly less: 16.0% to 17.4%. GLDM fell less at its worst: −24.0% to −32.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: GLDM vs VT: Differences, Returns & Fees
MeasureGLDMVTEdgeHow it is measured
Return
Total return+215.1%+148.9%GLDMPrice change plus distributions, reinvested.
Annualized+14.8%+11.6%GLDMTotal return as a yearly rate.
Price return+215.1%+110.4%GLDMPrice change alone, distributions left out.
Risk
Volatility16.0%17.4%GLDM (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation10.5%12.2%GLDMLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−24.0%−32.6%GLDMDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.770.56GLDMReturn above Treasury bills per unit of volatility.
Sortino1.170.79GLDMReturn above Treasury bills per unit of downside deviation.
Calmar0.620.36GLDMAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 433 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

GLDM SPDR Gold MiniShares Trust VT Vanguard Total World Stock Index ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks an index of Total World Stock
Total return, 1 year +2.8% +13.5%
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% 0.06%
Holdings not counted 10194
Net assets, GLDM as of Oct 27, 2026 and VT as of Sep 30, 2026 $30.6bn $81.8bn

GLDM and VT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-E848EA91B0

GLDM and VT do different jobs. What does each one do in a portfolio?

  1. What each follows. GLDM follows Gold and VT follows FTSE Global All Cap Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 GLDM returned +2.8% and VT +13.5% with distributions reinvested, a gap of 10.7 points.
  3. Cost (similar). GLDM charges 0.10% of assets a year and VT 0.06%, a gap of 0.04 points.

Data as of Oct 28, 2026.

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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.

VT

VT tracks an index of Total World Stock. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 10,194 positions, with the top ten at 22.5%.

Questions people ask

Which returned more over the last year, GLDM or VT?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and VT +13.5%.
Which is cheaper, GLDM or VT?
VT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, GLDM against VT, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-vt

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