ETF Versus

GLDM vs MDY

SPDR Gold MiniShares vs State Street SPDR S&P MIDCAP 400 ETF Trust

Last updated: 2026-04-10

GLDM SPDR

SPDR Gold MiniShares (GLDM) is an exchange-traded fund issued by SPDR that provides exposure to gold securities. It charges a low expense ratio of 0.10%. Launched in 2018, the fund has a 8-year track record.

AUM: $31.3B ER: 0.10% Yield: N/A Since: Jun 25, 2018
MDY SPDR

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is an exchange-traded fund issued by SPDR that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a moderate expense ratio of 0.24%. The fund offers a moderate dividend yield of 1.11%. Launched in 1995, the fund has a 31-year track record.

AUM: $25.2B ER: 0.24% Yield: 1.11% Since: May 4, 1995

Quick Verdict

GLDM is significantly cheaper at 0.10% vs 0.24% expense ratio, saving you approximately $276 per $10,000 invested over 10 years. Over the past year, GLDM has significantly outperformed with a 50.3% return vs 31.1%.

Key Metrics

Metric GLDM MDY
Expense Ratio 0.10% 0.24%
Dividend Yield N/A 1.1%
Fund Family SPDR SPDR
Category Gold US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

80 126 172 218 264 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLDM +173.7%
MDY +31.8%

Performance Comparison

Period GLDM MDY Difference
1 Month -8.03% +3.01% -11.04%
3 Months +3.80% +1.74% +2.06%
6 Months +15.97% +9.24% +6.73%
YTD +10.05% +5.23% +4.82%
1 Year +50.25% +31.12% +19.13%
3 Years +137.19% +40.99% +96.20%
5 Years +173.65% +31.81% +141.84%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLDM Fees MDY Fees You Save
$10,000 10 years $199 $475 $276
$10,000 20 years $856 $2,028 $1,173
$10,000 30 years $2,758 $6,497 $3,739
$50,000 10 years $995 $2,375 $1,380
$50,000 30 years $13,790 $32,483 $18,694
$100,000 30 years $27,580 $64,967 $37,387

Risk Metrics

Based on 5 years of daily returns

Metric GLDM MDY
Annualized Volatility 17.7% 19.8%
Max Drawdown -20.9% -24.5%
Sharpe Ratio 0.98 0.15

Dividend Comparison

Metric GLDM MDY
Annual Dividend (per share) $0.00 $7.12
Dividend Yield 0.00% 1.11%
Distribution Frequency None Quarterly

Top Holdings

MDY Top Holdings

NameWeight
TechnipFMC plcFTI0.86%
U.S. DollarCASH_USD0.85%
Casey's General Stores, Inc.CASY0.84%
Flex Ltd.FLEX0.80%
Curtiss-Wright CorporationCW0.80%
United Therapeutics CorporationUTHR0.75%
XPO, Inc.XPO0.74%
Woodward, Inc.WWD0.70%
FabrinetFN0.65%
Royal Gold, Inc.RGLD0.65%

Which One Should You Choose?

Choose GLDM if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose GLDM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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