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GLDM — SPDR Gold MiniShares Trust

Data as of 2026-09-21 · US · Commodities · window 2018-06-26 → 2026-09-21 (8.2 years) · returns assume dividends reinvested, net of fund fees · Market Data from Tiingo.com

What the history says

GLDM
Total return+241.4%
Annualised (CAGR)+16.1%
Volatility (annualised)+15.9%
Sharpe (rf = 0)1.01
Deepest drawdown-26.3%
Drawdown peak → trough2026-01-29 → 2026-07-16

Over the 8.2 years to 2026-09-21 the fund returned +241.4% in total (+16.1% a year), with a deepest drawdown of -26.3% from 2026-01-29 to 2026-07-16. Its worst calendar year was 2021 (-4.0%), its best 2025 (+64.2%).

Every calendar year

Calendar-year returns (net of fees, dividends reinvested)
YearGLDM
2026+0.7%
2025+64.2%
2024+27.1%
2023+13.0%
2022-0.5%
2021-4.0%
2020+25.1%
2019+18.1%
2018+1.8%

What this page does not say

It does not say GLDM is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -26.3% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.

Run your own window, add fees or a second fund: open GLDM in the tool. History is shown as history, never sold as a forecast.

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