GLDM: SPDR Gold MiniShares Trust returns, drawdowns and risk
Funds and ETCs backed by physical gold, silver or platinum.
Data updated October 2026
GLDM · US exchange · USDCategory: Gold and precious metals ETFsData from June 2018
From June 2018 to October 2026 GLDM returned 15.2% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $32,488.
Its deepest fall was 26.3%, from January 2026 to July 2026, and it has not yet returned to the previous high. Annual volatility was 17.3%; at the last close it was 23.4% below its high.
Key figures
- Annual return (CAGR)
- +15.2%
- 1-year return
- +0.6%
- 5 years, a year
- +18.2%
- 10 years, a year
- —
- Annual volatility
- 17.3%
- Maximum drawdown
- −26.3%
- Sharpe ratio
- 0.76
- Worst year
- 2021: −4.0%
Trailing returns
| Period | GLDM |
|---|---|
| 1 year | +0.6% |
| 3 years, a year | +27.7% |
| 5 years, a year | +18.2% |
To the last close of October 2026. Periods longer than a year are annualised.
GLDM drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | GLDM |
|---|---|
| 2026(partial) | −4.2% |
| 2025 | +64.2% |
| 2024 | +27.1% |
| 2023 | +13.0% |
| 2022 | −0.5% |
| 2021 | −4.0% |
| 2020 | +25.1% |
| 2019 | +18.1% |
| 2018(partial) | +1.8% |
GLDM compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of GLDM?
From June 2018 to October 2026 GLDM returned 15.2% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +18.2% a year. Over the last 12 months: +0.6%.
What was the worst drawdown of GLDM?
26.3%, from January 2026 to July 2026; it has not yet returned to the previous high.
How volatile is GLDM?
Annual volatility was 17.3% over the period. Its worst month was −11.7% and 55% of months were positive. Worst calendar year: 2021 (−4.0%).
Use GLDM in a free tool
Other Gold and precious metals ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.