NYSE Arca · Commodities Focused · USD · ETF

SPDR Gold MiniShares (GLDM) ETF Analysis

GLDM

Expense ratio 0.1% Yield 0% Assets $30.71B Since June 25, 2018 Family State Street Investment Management

Last Updated: October 21, 2026

$81.79

+$0.31 (+0.38%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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GLDM Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	$100 becomes	$300 becomes
1 year	+0.58%	+0.58%	$100.58	$301.73
3 years	+108.33%	+27.72%	$208.33	$624.99
5 years	+130.52%	+18.18%	$230.52	$691.57
Since June 26, 2018	+224.87%	+15.21%	$324.87	$974.62

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

GLDM Return by Calendar Year

2018 and 2026 are partial years

+64.20%−4.19%

2018*20192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	−4.19%
2025	+64.20%
2024	+27.08%
2023	+13.04%
2022	−0.47%
2021	−4.01%
2020	+25.10%
2019	+18.10%
2018 (partial year)	+1.84%

GLDM Monthly Returns

−12%+13%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+12.5	+8.5	−11.0	−1.4	−1.6	−11.7	+0.9	+9.9	−6.7	−0.5	—	—
2025	+6.7	+1.9	+9.5	+5.4	−0.0	+0.4	−0.6	+5.0	+11.8	+3.6	+5.4	+2.3
2024	−1.4	+0.5	+8.7	+3.1	+1.6	−0.1	+5.4	+2.1	+5.1	+4.3	−3.1	−1.3
2023	+5.8	−5.3	+7.9	+1.0	−1.4	−2.2	+2.3	−1.3	−4.7	+7.4	+2.6	+1.3
2022	−1.7	+6.2	+1.3	−2.1	−3.2	−1.6	−2.5	−2.9	−2.9	−1.7	+8.4	+3.0
2021	−3.2	−6.3	−1.1	+3.5	+7.6	−7.0	+2.4	+0.1	−3.3	+1.5	−0.7	+3.2
2020	+4.6	−0.6	−0.1	+7.1	+2.6	+2.8	+10.9	−0.4	−4.1	−0.5	−5.4	+7.0
2019	+2.8	−0.5	−1.6	−0.7	+1.7	+8.1	+0.1	+7.8	−3.3	+2.7	−3.2	+3.6
2018	—	—	—	—	—	—	−2.2	−2.0	−0.7	+2.1	+0.5	+4.9

Monthly total returns with dividends reinvested; each cell prints its signed value.

GLDM Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs

Annualized volatility: 17.54%
Beta (3y): 0.44
Best year: +64.20%
Worst year: −4.01%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Analysis

Data-derived

Fund Overview

SPDR Gold MiniShares trades as GLDM and is categorised as Commodities Focused. State Street Investment Management is the fund family on file. The inception date on file is June 25, 2018. The fund holds $30.71B in total net assets. Annual costs run at an expense ratio of 0.1%. On a $10,000 position that is $10.00 a year.

Performance Analysis

The most recent close on file for GLDM is $81.79, dated October 21, 2026. Over the trailing twelve months the total return is +0.58%. Across 5 years the annualized return works out at +18.18%.

The strongest complete calendar year on file is 2025 at +64.20%; the weakest is 2021 at −4.01%. Of the 7 complete calendar years on file, 5 finished higher. 2026 is still running; the total return is −4.19% year to date.

Price & Risk Profile

Annualized volatility over the trailing 8 years is 17.54%. The reported beta is 0.44. Over the past 52 weeks the price has ranged from $77.50 to $109.74. The latest close sits 5.54% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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