GLDM vs VOO
SPDR Gold MiniShares Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GLDM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GLDM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $27.7B | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 2 | 509 | |
| YTD Return | +1.85% | +13.72% | |
| 1Y Return | +31.78% | +21.63% | |
| 3Y Return (annualized) | +32.19% | +21.55% | |
| 5Y Return (annualized) | +20.14% | +13.26% | |
| Volatility (annualized) | 15.9% | 14.1% | |
| Max Drawdown | -26.3% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Jun 25, 2018 | Sep 7, 2010 |
GLDM vs VOO Performance
SPDR Gold MiniShares Trust (GLDM) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GLDM returned +31.78% while VOO returned +21.63%. Year to date, GLDM is up 1.85% versus a gain of 13.72% for VOO.
Over three years, GLDM compounded at +32.19% per year against +21.55% for VOO; over five years the annualized figures are +20.14% and +13.26% respectively. Across the full 8-year window we track, GLDM has the edge at +16.53% annualized vs +13.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GLDM has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.3% for GLDM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GLDM charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, GLDM currently yields 0.00% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, GLDM or VOO?
GLDM has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, GLDM or VOO?
Over the past year GLDM returned +31.78% vs +21.63% for VOO, so GLDM leads on 1-year performance. Over the longest common window we track (8 years), GLDM annualized +16.53% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, GLDM or VOO?
GLDM has been the more volatile fund at 15.9% annualized versus 14.1% for VOO. Worst drawdown: GLDM -26.3% vs VOO -34.3%.
Should I hold both GLDM and VOO?
GLDM and VOO have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, GLDM or VOO?
GLDM yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.