ETF·NYSE
SPDR Gold MiniShares Trust (GLDM)
- Net assets
- $30.71B
- Expense ratio
- 0.10%
- Yield
- 0.00%
- 52-week range
- $77.50 $109.74
The short version
Where GLDM stands today, in four lines, and what CleaRank Financial AI makes of it.
GLDM at a glance
SPDR Gold MiniShares Trust (GLDM): Hold, 55/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($85.72 and $89.46).
- Fund Expense ratio 0.10%, $30.7B in net assets, +9.1% total return over 1 year.
Figures as of October 16, 2026.
CleaRank Financial AI
SPDR Gold MiniShares Trust (GLDM) is a gold-backed ETF designed to offer direct exposure to the price of gold bullion.
The fund holds physically held gold bars, aiming to track the spot price of gold minus expenses. As of October 2026, GLDM has experienced a year-to-date return of -3.13% and a 1-month return of -8.48%, indicating recent downward price pressure. Despite this, its 3-year trailing return stands at a strong 30.57%, suggesting resilience over longer periods. The fund's strategy focuses on providing a liquid and transparent vehicle for gold exposure, often used for portfolio diversification and inflation-sensitive positioning.
Only on CleaRank
Figures we compute ourselves from GLDM's own price history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
0/4Price above its 50-day average ›
The price of $82.59 is 3.7% below the 50-day simple moving average of $85.72.Price above its 200-day average ›
The price is 7.7% below the 200-day simple moving average of $89.46.50-day average above the 200-day ›
The 50-day average ($85.72) is 4.2% below the 200-day average ($89.46), the arrangement of a falling longer-term trend.In the upper half of its 52-week range ›
The price sits at 16% of its 52-week range, between $77.50 and $109.74.
GLDM share price
Pick a period: each tab shows how far GLDM has moved over it, to the last close.
Today's trading
Where GLDM sits inside today's range and its 52-week range.
Fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
3/3Expense ratio at or below 0.20% ›
The fund charges 0.10% a year, $10.00 on a $10,000 holding.Over $1B in net assets ›
Net assets total $30.7B.Positive return over one year ›
The fund family reports a one-year total return of 9.07%.
GLDM Fund Facts
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.
Trailing total returns
| Period | GLDM |
|---|---|
| YTD | -3.13% |
| 1 month | -8.48% |
| 3 months | 3.71% |
| 1 year | 9.07% |
| 3 years | 30.57% |
| 5 years | 18.97% |
As of Oct 16, 2026, GLDM has an expense ratio of 0.10%, $30.71B in net assets and a distribution yield of 0.00%.
Fund reference data as of Oct 16, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
Key statistics
The headline figures for GLDM.
What the numbers say
CleaRank Financial AI's reading of GLDM's holdings, performance and risks.
SPDR Gold MiniShares Trust (GLDM) is managed by State Street Investment Management and falls under the Commodities Focused fund type.
It has an expense ratio of 0.10%, costing $10.00 per $10,000 invested annually. The fund's net assets stand at $30.71 billion as of October 2026. GLDM's structure is designed to track the price of gold bullion, holding physical gold bars. Its asset allocation is 100% in 'others,' reflecting its direct commodity exposure. The fund's overview highlights its role in providing simple, exchange-traded access to precious metals for diversification and inflation hedging.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
1/3RSI not overbought or oversold ›
The 14-day RSI is 46.1, in neutral territory.RSI above 50 ›
An RSI of 46.1 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank AI analysis of GLDM
The score, the reasoning behind it, and what could move the price next.
GLDM is currently trading below its key moving averages, with the 20-day EMA at $83.07, the 50-day SMA at $85.72, and the 200-day SMA at $89.46.
The price is below all these levels, suggesting a bearish short-term trend. The 14-day RSI is at 46.13, indicating neutral momentum. The Stochastic indicator is at 79.37, approaching overbought territory, while the CCI is at 40.28, suggesting a lack of strong directional conviction. Support is indicated by the current price level, while resistance is seen at the 20-day EMA and subsequent moving averages.
- Be aware of the expense ratio (0.10%) and its impact on long-term returns.
Technical indicators
Momentum and trend for GLDM, from its daily closes.
As of October 16, 2026, with GLDM at $82.59, its 14-day RSI is 46.1 (neutral territory), its 50-day simple moving average is $85.72 and its 200-day is $89.46.
Calculated by CleaRank on daily closes as of October 16, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What GLDM moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 16, 2026, GLDM's 1-year correlation of daily returns is +0.17 with S&P 500 (SPY), +0.19 with Nasdaq 100 (QQQ), +0.30 with Bitcoin (BTC) and +0.98 with gold (XAU).
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
GLDM trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Entry Strategies pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from GLDM's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much GLDM tends to move, against the market and on its own.
The long record
GLDM's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
3/4Average daily move under 2% ›
The price has moved 1.27% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 26.3%, from January 2026 to July 2026; the price is still 22.6% below that peak.Most 1-year holds ended higher ›
84% of 1-year holding periods in the last 8 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in June 2018 is now worth $32,805, against $32,159 in the S&P 500 (SPY).
GLDM Drawdowns & Recovery
As of October 16, 2026, GLDM's worst peak-to-trough fall over the last 8 years with dividends reinvested was -26.3% (January 2026 to July 2026); it is still 22.6% below that peak, and 84% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into GLDM in June 2018 is worth now, against the same amount in the S&P 500.
Against the market: GLDM beat the S&P 500 over this period: $32,805 against $32,159.
A $10,000 investment in GLDM in June 2018 would be worth about $32,805 today with dividends reinvested, compared with about $32,159 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to GLDM, and which have not.
Strongest month, January: an average of +3.27%, up in 5 of 8 years.
Weakest month, June: an average of -1.31%, up in 2 of 8 years.
This month, October: has averaged +2.33%, up in 7 of 8 years. Past seasonality does not repeat on schedule.
Over the last 9 years, GLDM's strongest calendar month has been January (average +3.27%, up in 5 of 8 years) and its weakest June (average -1.31%, up in 2 of 8 years).
Average return for each calendar month over the last 9 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in GLDM, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in GLDM today could grow to about $24,384 by 2036 in the base case, with a 90th-percentile outcome near $49,316 and a 10th-percentile outcome around $12,057 (above the amount invested: over ten years most simulated paths of a rising, moderately volatile asset end higher). Projections are statistical simulations, not guarantees.
GLDM 2030 Scenarios (Monte Carlo)
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $118 for GLDM by 2030 in the base case, from $82.59 today (1.4x over 4 years). The 10th-percentile path ends near $75.56. These are outcomes of a Monte Carlo simulation run on GLDM's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $72.26 | $90.29 | $113 | |
| 2028 | $72.04 | $98.71 | $135 | |
| 2029 | $73.37 | $108 | $159 | |
| 2030 | $75.56 | $118 | $184 | |
| 2031 | $78.38 | $129 | $212 |
Method: a lognormal simulation of GLDM's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
Questions people ask
Answered from the figures on this page, as of October 16, 2026.