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GLDM · Spdr Gold Minishares Trust

Over the last 8 years (2018-07 to 2026-09), $10,000 invested in GLDM with dividends reinvested grew to $34,567, 16.22% a year, with a worst peak-to-trough fall of -23.74%. Past performance doesn't predict future results.

Growth of $10,000 · 2018-07 to 2026-09 · dividends reinvested

CAGR (annualized return)
16.22%
Volatility (annualized)
15.92%
Worst drawdown
-23.74%
Sharpe ratio
0.92

How GLDM held up in past market crashes

GLDM has been through 3 of the market crashes since 2000 in our data. Its deepest price fall was 20.9% in the 2022 bear market, when the S&P 500 fell 25.4%. It took 14 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.

Deepest price fall and recovery time of GLDM in each market crash, next to the S&P 500
CrashGLDM deepest fallS&P 500 (SPY)Peak to bottomBack to peak
2018 fourth-quarter selloff-2.8%-20.2%Oct 2018 to Nov 20181 months
2020 COVID crash-12.5%-34.1%Mar 2020 to Mar 20201 months
2022 bear market-20.9%-25.4%Mar 2022 to Sep 202214 months

Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.

About GLDM

SPDR Gold MiniShares Trust is a gold-backed exchange-traded fund designed to provide direct exposure to the price of gold bullion through physically held gold bars. The fund’s shares represent beneficial interests in a trust that primarily holds gold, with cash or receivables used only as needed for operations. SPDR Gold MiniShares Trust is used by investors seeking a simple, exchange-traded way to access precious metals without buying or storing physical bullion. Its structure focuses on tracking the gold spot price, less expenses and liabilities, making it a widely used tool for portfolio diversification, inflation-sensitive positioning, and commodity allocation. Managed under the SPDR brand by State Street, the trust is part of the broader precious metals market and plays a role as a liquid, transparent vehicle for gold exposure.

Put GLDM to the test

Every tool below opens prefilled with GLDM: free, no account needed.

Educational use only, not investment advice. Results are hypothetical.Read full disclaimer

This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.

GLDM (Spdr Gold Minishares Trust): returns, risk & backtest · Informed Portfolio