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GLDM · SPDR Gold MiniShares Trust

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$80.60
+0.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

GLDM holds gold and returned +2.8% over the past year.

Why did GLDM return +215.1% against GLD’s +208.4%?Is a 0.10% fee low for a fund like GLDM?What do GLDM’s net flows of +$1.1bn over the last month mean?
Commodity fund · Holds goldState Street ↗Expense ratio 0.10%Fund assets $30.6bn on Oct 27, 2026First traded Jun 26, 2018Benchmark The price of gold, measured by GLD, which also holds goldSEC filings ↗Every State Street fund ETFIQ covers

GLDM charges 0.10% a year by its 10-Q filed Aug 4, 2026 and returned +2.8% over the year to Oct 28, 2026.

Promise check: DeliveredOver the year to Oct 28, 2026, GLDM returned 2.8% against 2.5% for GLD, on the price of gold. Fees aside, GLDM finished 0.01 points ahead of GLD.

Compare with…Trading costsPut to the committeeaskIQ about GLDMAdd to portfolioFlowsAlerts

GLDM risk and return scorecard

vs GLD · Jul 2018 to Oct 2026 · 433 weekly returns · dividend-adjusted

8.3 years
GLDM +215.1%, GLD +208.4%, Jul 2018 to Oct 2026, distributions reinvested.
Return
MeasureGLDMGLDEdge
Total return+215.1%+208.4%GLDM (slight)
Annualized+14.8%+14.5%Tie
Price return+215.1%+208.4%GLDM (slight)
Risk
MeasureGLDMGLDEdge
Volatility16.0%16.1%Tie
Max drawdown−24.0%−24.2%Tie
Upside capture100.0%100.0%Tie
Downside capture99.6%100.0%Tie
Risk-adjusted
MeasureGLDMGLDEdge
Sharpe ratio0.770.75GLDM (slight)
Sortino ratio1.171.14GLDM (slight)
Alpha vs GLD
MeasureGLDMGLDEdge
Alpha, a year+0.3%Not significant
Alpha t-stat1.42
Beta to GLD1.001.00Tie

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 23, 2026
Last 3 trading days
+$122m
Last month
+$1.1bn
Last 3 months
+$3.3bn
Money in on 42 of the 63 trading days, out on 6.
askIQ: what do these flows mean? ↗

What you earned

GLDM −1.2%, GLD −1.2%: total return over one month to Oct 28, 2026.
GLDM−1.2%
GLD−1.2%
GLDM +0.7%, GLD +0.7%: total return over three months to Oct 28, 2026.
GLDM+0.7%
GLD+0.7%
GLDM −10.4%, GLD −10.5%: total return over six months to Oct 28, 2026.
GLDM−10.4%
GLD−10.5%
GLDM −5.6%, GLD −5.8%: total return over the year to Oct 28, 2026.
GLDM−5.6%
GLD−5.8%
GLDM +2.8%, GLD +2.5%: total return over one year to Oct 28, 2026.
GLDM+2.8%
GLD+2.5%
GLDM +102.5%, GLD +100.7%: total return over three years to Oct 28, 2026.
GLDM+102.5%
GLD+100.7%
GLDM +127.3%, GLD +124.1%: total return over five years to Oct 28, 2026.
GLDM+127.3%
GLD+124.1%
GLDM +220.1%, GLD +213.2%: total return since launch to Oct 28, 2026.
GLDM+220.1%
GLD+213.2%
askIQ: why did GLDM return +2.8% against GLD’s +2.5%? ↗

How concentrated, and what does it cost?

+2.8%
Total return, 1 year
Report
0.10%
Expense ratio
Report
not counted
Holdings
−24.5%
Below its high
Report
Sector mix
Cost against like funds
askIQ: is a 0.10% fee low for a fund like GLDM? ↗

More on GLDM

Every number below is on this page. Open what you need.

GLDM flows, by email on Sundays.

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Price, 1 year

$80.60+0.3%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

GLDM returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (GLD)Gap to GLD
1M Sep 28 – Oct 28, 2026−1.2%−1.2%0.0 pts
3M Jul 29 – Oct 28, 2026+0.7%+0.7%0.0 pts
6M Apr 29 – Oct 28, 2026−10.4%−10.5%+0.1 pts
YTD Dec 31, 2025 – Oct 28, 2026−5.6%−5.8%+0.2 pts
1Y Oct 28, 2025 – Oct 28, 2026+2.8%+2.5%+0.3 pts
3Y Oct 27, 2023 – Oct 28, 2026+102.5%+100.7%+1.8 pts
5Y Oct 29, 2021 – Oct 28, 2026+127.3%+124.1%+3.2 pts
Since launch Jun 26, 2018 – Oct 28, 2026+220.1%+213.2%+6.9 pts
Since launch, annualised Jun 26, 2018 – Oct 28, 2026+15.0%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Oct 23, 2026

GLDM: in the year to Oct 23, 2026, net $8.2bn came in; in the month to Oct 23, 2026, $1.1bn came in.

3D
+$122m
0.4% of $31.0bn on Oct 20, 2026
Oct 21, 2026 to Oct 23, 2026
1M
+$1.1bn
3.4% of $31.1bn on Sep 25, 2026
Sep 28, 2026 to Oct 23, 2026
3M
+$3.3bn
11.9% of $27.7bn on Jul 27, 2026
Jul 28, 2026 to Oct 23, 2026
YTD
+$7.7bn
30.5% of $25.3bn on Dec 31, 2025
Jan 2, 2026 to Oct 23, 2026
1Y
+$8.2bn
36.1% of $22.8bn on Oct 27, 2025
Oct 28, 2025 to Oct 23, 2026
Since Oct 2019
+$21.1bn
Oct 2, 2019 to Oct 23, 2026
Net flow each trading day
Net flow into GLDM each trading day, Jul 28, 2026 to Oct 23, 2026+$47.8m+$39.8m+$56.6m+$58.3m+$76.0m+$137m−$94.1m−$34.7m+$52.5m+$34.6m+$113m+$52.3m+$52.3m+$70.6m+$17.7m+$163m+$203m+$347m+$147m+$208m+$235m+$60.3m+$52.0m+$35.3m+$43.5m+$175m+$104m+$50.6m+$25.7m−$120m+$51.3m−$240m+$33.9m+$75.9m+$107m+$49.4m+$99.1m+$49.3m+$174m+$65.5m−$56.7m−$32.6m+$74.2m+$164m+$166m+$32.6m+$57.1m+$32.0m+$347m−$347mJul 28, 2026Oct 23, 2026

GLDM, net flow each trading day over the 63 sessions from Jul 28, 2026 to Oct 23, 2026: money came in on 42 days and went out on 6 days.

Money in on 42 of the 63 trading days, out on 6.

Net flow into GLDM each trading day, Oct 28, 2025 to Oct 23, 2026−$157m−$238m−$46.9m+$40.3m+$32.7m+$64.6m+$16.3m+$74.7m+$25.0m+$41.6m+$665m+$125m−$301m+$404m+$34.2m+$42.8m+$43.0m−$395m+$177m−$115m+$25.8m+$115m+$178m+$70.1m+$97.8m+$146m+$183m+$18.2m+$45.6m+$192m+$94.0m+$241m+$38.3m+$202m+$70.2m+$63.0m+$237m+$48.7m+$69.1m+$255m+$89.8m+$59.7m−$50.3m+$29.7m+$139m+$110m+$205m+$61.4m−$82.7m−$315m+$30.2m−$164m+$115m+$53.5m+$45.6m+$45.9m+$55.1m+$329m+$152m+$85.0m+$103m+$66.4m+$47.7m+$47.4m−$76.2m+$233m+$139m+$117m+$35.8m+$64.2m−$63.4m+$56.3m+$37.4m+$120m+$37.0m+$80.6m+$17.7m−$70.1m−$61.6m+$44.0m+$34.5m+$25.7m−$51.5m−$16.4m−$55.7m+$15.8m+$32.2m−$39.8m−$48.5m+$32.7m+$32.8m−$49.3m−$24.1m+$32.4m+$40.3m+$23.7m+$71.1m+$31.7m+$56.1m−$98.6m+$47.8m+$39.8m+$56.6m+$58.3m+$76.0m+$137m−$94.1m−$34.7m+$52.5m+$34.6m+$113m+$52.3m+$52.3m+$70.6m+$17.7m+$163m+$203m+$347m+$147m+$208m+$235m+$60.3m+$52.0m+$35.3m+$43.5m+$175m+$104m+$50.6m+$25.7m−$120m+$51.3m−$240m+$33.9m+$75.9m+$107m+$49.4m+$99.1m+$49.3m+$174m+$65.5m−$56.7m−$32.6m+$74.2m+$164m+$166m+$32.6m+$57.1m+$32.0m+$665m−$665mOct 28, 2025Oct 23, 2026

GLDM, net flow each trading day over the 249 sessions from Oct 28, 2025 to Oct 23, 2026: money came in on 120 days and went out on 28 days.

Money in on 120 of the 249 trading days, out on 28.

Net flow into GLDM each trading day, Mar 24, 2025 to Oct 23, 2026+$35.8m+$36.0m+$245m+$36.3m+$80.2m−$106m−$48.4m+$91.4m+$212m+$76.8m+$38.1m+$140m+$78.6m+$61.2m−$45.4m+$67.2m+$6.7m+$66.4m−$56.9m−$32.0m−$26.1m+$313m+$26.2m+$40.1m+$46.6m+$92.6m+$85.9m+$60.4m+$34.0m+$134m+$94.0m+$131m+$98.6m−$26.3m+$58.6m−$72.7m+$39.6m+$39.4m+$59.7m−$33.1m+$26.6m+$40.2m+$72.2m+$387m+$536m−$53.8m+$33.1m−$265m+$52.8m−$66.2m−$449m+$52.8m+$46.8m+$155m+$81.5m+$1.6bn+$63.4m+$49.2m+$185m+$158m−$325m+$71.9m+$94.0m−$391m+$248m−$144m+$145m+$134m−$384m+$149m+$151m+$61.4m+$23.1m+$141m+$165m+$48.7m+$163m+$391m+$136m−$66.0m−$157m−$238m−$46.9m+$40.3m+$32.7m+$64.6m+$16.3m+$74.7m+$25.0m+$41.6m+$665m+$125m−$301m+$404m+$34.2m+$42.8m+$43.0m−$395m+$177m−$115m+$25.8m+$115m+$178m+$70.1m+$97.8m+$146m+$183m+$18.2m+$45.6m+$192m+$94.0m+$241m+$38.3m+$202m+$70.2m+$63.0m+$237m+$48.7m+$69.1m+$255m+$89.8m+$59.7m−$50.3m+$29.7m+$139m+$110m+$205m+$61.4m−$82.7m−$315m+$30.2m−$164m+$115m+$53.5m+$45.6m+$45.9m+$55.1m+$329m+$152m+$85.0m+$103m+$66.4m+$47.7m+$47.4m−$76.2m+$233m+$139m+$117m+$35.8m+$64.2m−$63.4m+$56.3m+$37.4m+$120m+$37.0m+$80.6m+$17.7m−$70.1m−$61.6m+$44.0m+$34.5m+$25.7m−$51.5m−$16.4m−$55.7m+$15.8m+$32.2m−$39.8m−$48.5m+$32.7m+$32.8m−$49.3m−$24.1m+$32.4m+$40.3m+$23.7m+$71.1m+$31.7m+$56.1m−$98.6m+$47.8m+$39.8m+$56.6m+$58.3m+$76.0m+$137m−$94.1m−$34.7m+$52.5m+$34.6m+$113m+$52.3m+$52.3m+$70.6m+$17.7m+$163m+$203m+$347m+$147m+$208m+$235m+$60.3m+$52.0m+$35.3m+$43.5m+$175m+$104m+$50.6m+$25.7m−$120m+$51.3m−$240m+$33.9m+$75.9m+$107m+$49.4m+$99.1m+$49.3m+$174m+$65.5m−$56.7m−$32.6m+$74.2m+$164m+$166m+$32.6m+$57.1m+$32.0m+$1.6bn−$1.6bnMar 24, 2025Oct 23, 2026

GLDM, net flow each trading day over the 400 sessions from Mar 24, 2025 to Oct 23, 2026: money came in on 182 days and went out on 46 days.

Money in on 182 of the 400 trading days, out on 46.

Money in, netMoney out, net
Streak
Money in on 3 trading days running, Oct 21, 2026 to Oct 23, 2026, a net +$122m.
Against its own last 250 days
Oct 23, 2026’s +$32.0m: a normal day for this fund (its 107th largest inflow of 250).
Among its peers · 1 month
6 Single commodity or commodity sector ETFs counted all month; no rank at this size.

Computed by ETFIQ from State Street’s daily data: each day’s change in shares outstanding times the previous day’s net asset value.

How this is computed

Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for GLDM, back to Oct 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare GLDM with other funds in the flows tool

Every trading day, last 3 months63 days
Oct 23, 2026 +$32.0m
Oct 22, 2026 +$57.1m
Oct 21, 2026 +$32.6m
Oct 20, 2026 $0
Oct 19, 2026 +$166m
Oct 16, 2026 +$164m
Oct 15, 2026 $0
Oct 14, 2026 +$74.2m
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 −$32.6m
Oct 8, 2026 −$56.7m
Oct 7, 2026 $0
Oct 6, 2026 +$65.5m
Oct 5, 2026 +$174m
Oct 2, 2026 +$49.3m
Oct 1, 2026 +$99.1m
Sep 30, 2026 +$49.4m
Sep 29, 2026 +$107m
Sep 28, 2026 +$75.9m
Sep 25, 2026 $0
Sep 24, 2026 +$33.9m
Sep 23, 2026 −$240m
Sep 22, 2026 +$51.3m
Sep 21, 2026 −$120m
Sep 18, 2026 $0
Sep 17, 2026 +$25.7m
Sep 16, 2026 $0
Sep 15, 2026 +$50.6m
Sep 14, 2026 +$104m
Sep 11, 2026 $0
Sep 10, 2026 +$175m
Sep 9, 2026 +$43.5m
Sep 8, 2026 $0
Sep 4, 2026 +$35.3m
Sep 3, 2026 +$52.0m
Sep 2, 2026 +$60.3m
Sep 1, 2026 +$235m
Aug 31, 2026 +$208m
Aug 28, 2026 $0
Aug 27, 2026 +$147m
Aug 26, 2026 +$347m
Aug 25, 2026 +$203m
Aug 24, 2026 +$163m
Aug 21, 2026 +$17.7m
Aug 20, 2026 +$70.6m
Aug 19, 2026 +$52.3m
Aug 18, 2026 +$52.3m
Aug 17, 2026 +$113m
Aug 14, 2026 +$34.6m
Aug 13, 2026 +$52.5m
Aug 12, 2026 −$34.7m
Aug 11, 2026 −$94.1m
Aug 10, 2026 +$137m
Aug 7, 2026 +$76.0m
Aug 6, 2026 +$58.3m
Aug 5, 2026 +$56.6m
Aug 4, 2026 +$39.8m
Aug 3, 2026 +$47.8m
Jul 31, 2026 $0
Jul 30, 2026 $0
Jul 29, 2026 $0
Jul 28, 2026 $0

Most recent first.

Week by week, last year52 weeks
Oct 23, 2026 +$288m
Oct 16, 2026 +$238m
Oct 9, 2026 +$150m
Oct 2, 2026 +$380m
Sep 25, 2026 −$275m
Sep 18, 2026 +$180m
Sep 11, 2026 +$218m 4 days
Sep 4, 2026 +$590m
Aug 28, 2026 +$860m
Aug 21, 2026 +$306m
Aug 14, 2026 +$95.6m
Aug 7, 2026 +$278m
Jul 31, 2026 $0
Jul 24, 2026 +$60.3m
Jul 17, 2026 +$96.5m
Jul 10, 2026 −$8.0m
Jul 2, 2026 −$56.1m 4 days
Jun 26, 2026 −$56.3m
Jun 18, 2026 −$51.5m 4 days
Jun 12, 2026 +$60.2m
Jun 5, 2026 −$17.7m
May 29, 2026 −$70.1m 4 days
May 22, 2026 +$98.4m
May 15, 2026 +$251m
May 8, 2026 +$833k
May 1, 2026 +$526m
Apr 24, 2026 −$76.2m
Apr 17, 2026 +$349m
Apr 10, 2026 +$581m
Apr 2, 2026 +$99.1m 4 days
Mar 27, 2026 +$115m
Mar 20, 2026 −$164m
Mar 13, 2026 −$284m
Mar 6, 2026 −$82.7m
Feb 27, 2026 +$377m
Feb 20, 2026 +$168m 4 days
Feb 13, 2026 +$354m
Feb 6, 2026 +$354m
Jan 30, 2026 +$335m
Jan 23, 2026 +$565m 4 days
Jan 16, 2026 +$491m
Jan 9, 2026 +$388m
Jan 2, 2026 −$115m 4 days
Dec 26, 2025 −$218m 4 days
Dec 19, 2025 +$524m
Dec 12, 2025 +$488m
Dec 5, 2025 +$141m
Nov 28, 2025 +$81.0m 4 days
Nov 21, 2025 +$73.0m
Nov 14, 2025 $0
Nov 7, 2025 −$285m
Oct 31, 2025 −$157m 4 days

Net flow into GLDM each week, Oct 28, 2025 to Oct 23, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2023 to Oct 2026

GLDM, money in and money out each month from Nov 2023 to Sep 2026: two bars a month, money in above the line and money out below. Every bar is ETFIQ’s sum of its days. Oct 2026 is still in progress, so it is in the list and not drawn. Of the 36 months listed, money came in on net in 29 and went out in 7.

Every bar is ETFIQ’s sum of its days. Of the 36 months listed, money came in on net in 29 and went out in 7.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 1 to Oct 23+$914m−$89.3m+$825m
Sep 2026 ETFIQ, the sum of its days+$1.1bn−$360m+$738m
Aug 2026 ETFIQ, the sum of its days+$1.9bn−$129m+$1.7bn
Jul 2026 ETFIQ, the sum of its days+$321m−$221m+$100m
Jun 2026 ETFIQ, the sum of its days+$152m−$225m−$72.8m
May 2026 ETFIQ, the sum of its days+$414m−$133m+$280m
Apr 2026 ETFIQ, the sum of its days+$1.5bn−$76.2m+$1.4bn
Mar 2026 ETFIQ, the sum of its days+$199m−$561m−$363m
Feb 2026 ETFIQ, the sum of its days+$1.3bn−$50.3m+$1.3bn
Jan 2026 ETFIQ, the sum of its days, Jan 2 to Jan 30+$1.8bn$0+$1.8bn
Dec 2025 ETFIQ, the sum of its days+$1.6bn−$812m+$821m
Nov 2025 ETFIQ, the sum of its days+$154m−$285m−$131m
Oct 2025 ETFIQ, the sum of its days+$1.3bn−$223m+$1.1bn
Sep 2025 ETFIQ, the sum of its days, Sep 2 to Sep 30+$2.9bn−$1.2bn+$1.7bn
Aug 2025 ETFIQ, the sum of its days+$1.3bn−$834m+$430m
Jul 2025 ETFIQ, the sum of its days+$336m−$106m+$231m
Jun 2025 ETFIQ, the sum of its days+$817m−$26.3m+$791m
May 2025 ETFIQ, the sum of its days+$480m−$115m+$365m
Apr 2025 ETFIQ, the sum of its days+$778m−$199m+$579m
Mar 2025 ETFIQ, the sum of its days+$1.3bn$0+$1.3bn
Feb 2025 ETFIQ, the sum of its days+$737m−$84.0m+$653m
Jan 2025 ETFIQ, the sum of its days, Jan 2 to Jan 31+$153m−$16.5m+$137m
Dec 2024 ETFIQ, the sum of its days+$730m−$534m+$196m
Nov 2024 ETFIQ, the sum of its days+$41.7m−$52.9m−$11.1m
Oct 2024 ETFIQ, the sum of its days+$215m−$241m−$26.2m
Sep 2024 ETFIQ, the sum of its days, Sep 3 to Sep 30+$110m−$119m−$9.0m
Aug 2024 ETFIQ, the sum of its days+$529m−$29.2m+$500m
Jul 2024 ETFIQ, the sum of its days+$219m$0+$219m
Jun 2024 ETFIQ, the sum of its days+$60.3m$0+$60.3m
May 2024 ETFIQ, the sum of its days+$234m−$266m−$32.4m
Apr 2024 ETFIQ, the sum of its days+$359m−$353m+$5.5m
Mar 2024 ETFIQ, the sum of its days, Mar 1 to Mar 28+$134m−$37.4m+$96.1m
Feb 2024 ETFIQ, the sum of its days+$168m−$157m+$11.1m
Jan 2024 ETFIQ, the sum of its days, Jan 2 to Jan 31+$129m−$84.8m+$44.2m
Dec 2023 ETFIQ, the sum of its days+$182m−$24.4m+$158m
Nov 2023 ETFIQ, the sum of its days+$31.4m−$7.8m+$23.6m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 23, 2026.

GLDM key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$106.77 on Jan 29, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$77.96 on Nov 4, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$80.60, 9% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)1.00, against GLD
R-squared, the same days (ETFIQ)1.00
Beta and R-squared measured over251 daily total returns, Oct 29, 2025 to Oct 28, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · GLDMas of Oct 27, 2026
·
Not scored2 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close+0.10%
−2.2%95% of days within ±1.75%+2.2%
How to tradeSpread not read.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

About GLDM

What it holdsGold
Fund typeCommodity fund
Category (ETFIQ)Commodities · Single commodity or commodity sector
Expense ratio, three months to Jun 30, 2026 (10-Q, Aug 4, 2026)0.10%
Price$80.60
First tradedJun 26, 2018
Net assets (the issuer’s own daily fund list, as of Oct 27, 2026)$30.6bnReport
Benchmark (ETFIQ, from its filings)The price of gold, measured by GLD, which also holds goldReport
GLDM, 1 year to Oct 28, 2026+2.8%
GLD, the same days+2.5%
Against its benchmark, 1 year (ETFIQ)+0.3 pts
Below its high (ETFIQ)−24.5%
IQ Investment Committee on GLDM

12 seats on GLDM, as of Oct 28, 2026: 2 Mixed, 3 Challenges, 4 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationDoes not apply
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put GLDM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about GLDM

How has GLDM performed?
Over the year to Oct 28, 2026, GLDM returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. Over three years the number is +102.5%.
What does GLDM cost?
Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.
How far is GLDM below its high?
24.5% below its high of Jan 29, 2026, measured on the reinvested series to Oct 28, 2026.
What is the expense ratio of GLDM?
GLDM's expense ratio is 0.10% a year, read from 10-Q, Aug 4, 2026.
Sources and dates
Prices, GLDM and Benchmark (GLD)Tiingo end-of-day · Oct 28, 2026
Fee, 0.10%SEC 10-Q · Aug 4, 2026
Net assets, $30.6bnThe issuer’s own daily fund list · Oct 27, 2026
IssuerState Street website ↗
All fund filingsFilings on SEC EDGAR ↗

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ETFIQ, GLDM, commodity fund, data as of Oct 28, 2026. https://etfiq.com/funds/gldm

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GLDM: GLDM over 1 year: total return +2.8%, its benchmark the price of gold through GLD +2.5%, +0.3 pts. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/gldm"><img src="https://etfiq.com/assistant/api/embed/core/gldm.svg" alt="GLDM: GLDM over 1 year: total return +2.8%, its benchmark the price of gold through GLD +2.5%, +0.3 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">GLDM: GLDM over 1 year: total return +2.8%, its benchmark the price of gold through GLD +2.5%, +0.3 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/gldm">ETFIQ</a></figcaption>
</figure>

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