ETF Versus

GLDM vs SPYV

SPDR Gold MiniShares vs State Street SPDR Portfolio S&P 500 Value ETF

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
SPYV SPDR

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.78%. Launched in 2000, the fund has a 26-year track record.

AUM: $32.5B ER: 0.04% Yield: 1.78% Since: Sep 25, 2000

Quick Verdict

SPYV has a slightly lower expense ratio (0.04% vs 0.10%), saving about $119 per $10,000 over 10 years. Over the past year, GLDM has significantly outperformed with a 50.3% return vs 22.8%.

Key Metrics

Metric GLDM SPYV
Expense Ratio 0.10% 0.04%
Dividend Yield N/A 1.8%
Fund Family SPDR SPDR
Category Gold US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 130 175 220 265 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLDM +173.7%
SPYV +49.5%

Performance Comparison

Period GLDM SPYV Difference
1 Month -8.03% +0.45% -8.48%
3 Months +3.80% -0.64% +4.44%
6 Months +15.97% +5.61% +10.36%
YTD +10.05% +1.47% +8.58%
1 Year +50.25% +22.77% +27.48%
3 Years +137.19% +41.94% +95.25%
5 Years +173.65% +49.47% +124.18%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLDM Fees SPYV Fees You Save
$10,000 10 years $199 $80 $119
$10,000 20 years $856 $344 $512
$10,000 30 years $2,758 $1,112 $1,646
$50,000 10 years $995 $399 $596
$50,000 30 years $13,790 $5,560 $8,229
$100,000 30 years $27,580 $11,121 $16,459

Risk Metrics

Based on 5 years of daily returns

Metric GLDM SPYV
Annualized Volatility 17.7% 14.4%
Max Drawdown -20.9% -19.1%
Sharpe Ratio 0.98 0.32

Dividend Comparison

Metric GLDM SPYV
Annual Dividend (per share) $0.00 $1.03
Dividend Yield 0.00% 1.78%
Distribution Frequency None Quarterly

Top Holdings

SPYV Top Holdings

NameWeight
Apple Inc.AAPL6.89%
Amazon.com, Inc.AMZN3.68%
Exxon Mobil CorporationXOM2.37%
Walmart Inc.WMT2.02%
Costco Wholesale CorporationCOST1.66%
Tesla, Inc.TSLA1.33%
Chevron CorporationCVX1.31%
Bank of America CorporationBAC1.25%
The Procter & Gamble CompanyPG1.22%
The Home Depot, Inc.HD1.21%

Which One Should You Choose?

Choose SPYV 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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