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ETFs

SPDR Gold MiniShares

GLDM
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 25, 2018
Expense Ratio
0.1%
Type
Global Commodities & Metals
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$32,472,208
AUM
$5,955,096,501
Associated Index
LBMA Gold Price PM
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Gold Bullion (LBMA Gold Price)
100%
Invest with GLDM
Trade GLDM Options

What is GLDM?

The investment objective of SPDR Gold MiniSharesSM Trust (GLDMSM) is for the Shares of GLDM to reflect the performance of the price of gold bullion, less GLDMs expenses.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

GLDM
Performance Measures**

for the time period Jun 26, 2018 to Dec 5, 2025

Returns

1M Trailing Return: 5.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 16.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -21.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 15.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.13

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.81

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGLDM

ETFs correlated to GLDM include GLD, IAU, BAR

GLDM
World Gold Trust - SPDR Gold MiniShares Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toGLDM

Levered Golden Ratio

Category

Aggressive, Leveraged, Multi-Asset, Long-term, Diversified, Risk-parity-inspired, Volatility hedge, Crypto sleeve

OOS Cumulative Return

27.7%

Golden Ratio Sorter

Category

Tactical trend-following, Leveraged ETFs, Risk-on/off rotation, Managed futures, Volatility hedging, Gold timing, EM rotation

OOS Cumulative Return

26.91%

Create your own algorithmic trading strategy with GLDM using Composer

FAQ

GLDM is a Global Commodities & Metals ETF. The investment objective of SPDR Gold MiniSharesSM Trust (GLDMSM) is for the Shares of GLDM to reflect the performance of the price of gold bullion, less GLDMs expenses.

GLDM tracks the LBMA Gold Price PM.

No, GLDM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GLDM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GLDM is -0.0003%. This is the percent change in the value of GLDM over the most recent 1-month period. The 3-month return on GLDM is -0.0039%. This is the percent change in the value of GLDM over the most recent 3-month period.

The standard deviation of GLDM for the past year is 0.1423%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GLDM include FGDL, CPER, and PPLT.

ETFs correlated to GLDM include GLD, IAU, and BAR.

ETFs that are inversely correlated to GLDM include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.