Snapshot*
Top 10 Holdings
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.
ETFs related toGLDM
ETFs correlated to GLDM include GLD, IAU, BAR
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.
Automated Strategies
Related toGLDM
Diversify with Gold & the Dollar
Stoic Finance Presents: Inflation Spiral Hedge
Create your own algorithmic trading strategy with GLDM using Composer
News Related to GLDM
Move Over Miners, Hedge Funds Are The New Gold Diggers ... Ray Dalio, BlackRock, Goldman Sachs, Others Stake Claims In GLD
May 15, 2025 • by Chandrima Sanyal
Gold Price Soars To Record Highs, Eyes Best 2-Month Rally Since 2011 On Blockbuster ETF Buying
Apr 21, 2025 • by Piero Cingari
Gold Nears $3,400 Mark, Experts Point To Likely 'Correction' Amid Bull Market: 'Rates Will Drop Like Rock'
Apr 17, 2025 • by Rishabh Mishra
Gold Fund Inflows Smash Record With $80 Billion In 2025 — These ETFs Are Riding The $3,300 Surge
Apr 16, 2025 • by Rishabh Mishra
FAQ
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.