Data as of Oct 28, 2026.

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GLDM vs XHB: Differences, Returns & Fees

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GLDM is a commodity fund and XHB an equity index fund, and over the year to Oct 28, 2026, GLDM returned +2.8% against −8.6%.

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Net assets on Oct 27, 2026: $30.6bn for SPDR Gold MiniShares Trust and $1.5bn for State Street SPDR S&P Homebuilders ETF.

At a glance
+2.8%
GLDM total return, 1 year
−8.6%
XHB total return, 1 year
0.10%
GLDM expense ratio
0.35%
XHB expense ratio

Pair scorecard

GLDM costs 0.25 points a year less; their one-year returns differ by 11.4 points; GLDM is far larger, $30.6bn against $1.5bn.

GLDM vs XHB: Differences, Returns & Fees
MeasureGLDMXHB
Return
Total return, 1 year+2.8%−8.6%
Drawdown
Below its high24.5%, high on Jan 29, 202620.5%, high on Oct 18, 2024
Benchmark
What it tracksGoldS&P Homebuilders Select Industry Index
Cost and size
Expense ratio0.10%0.35%
Net assets, as of Oct 27, 2026$30.6bn$1.5bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight46%
Top ten holdings, share of the fund35.4%

Method

Side by side

GLDM SPDR Gold MiniShares Trust XHB State Street SPDR S&P Homebuilders ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks the S&P Homebuilders
Total return, 1 year +2.8% −8.6%
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% 0.35%
Holdings not counted 34
Net assets, as of Oct 27, 2026 $30.6bn $1.5bn

GLDM and XHB 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.

XHB

XHB tracks the S&P Homebuilders. Over the year to Oct 28, 2026 it returned −8.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 34 positions, with the top ten at 35.4%. It sat 20.5% below its high of Oct 18, 2024 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLDM or XHB?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and XHB −8.6%.
Which is cheaper, GLDM or XHB?
GLDM is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, GLDM against XHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-xhb

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