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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Jake Lerch, The Motley FoolSat, January 17, 2026 at 9:52 PM GMT+1 6 min readGLDM offers a much lower expense ratio than GLD, making it a more cost-effective choice for gold exposureBoth ETFs posted near-identical one-year returns and five-year drawdowns, tracking gold bullion closelyGLD commands far higher assets under management and remains the largest gold-backed ETF in the marketThese 10 stocks could mint the next wave of millionaires ›SPDR Gold Shares (NYSEMKT:GLD) and SPDR Gold MiniShares Trust (NYSEMKT:GLDM) both track the price of gold bullion, but GLDM’s notably lower expense ratio and smaller fund size set it apart from the long-established, much larger GLD.Both SPDR Gold Shares and SPDR Gold MiniShares Trust provide direct gold exposure for investors seeking to track the performance of the metal, minus fund expenses. This comparison looks at their differences in cost, scale, performance, and risk, to help clarify which may better fit a gold allocation.MetricGLDGLDMIssuerSPDRSPDRExpense ratio0.40%0.10%1-yr return (as of 2026-01-09)67.0%66.2%Beta0.090.09AUM$151.5 billion$26.4 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months.GLDM stands out as the more affordable option, charging just 0.10% per year compared to GLD’s 0.40% expense ratio, which could appeal to cost-conscious investors. Yield is not a consideration here, as neither fund distributes dividends.MetricGLDGLDMMax drawdown (5 y)-21.03%-20.92%Growth of $1,000 over 5 years$2,396$2,427SPDR Gold MiniShares Trust is designed for investors seeking a cost-effective, convenient way to invest in gold. The fund has been available for 7.5 years and is intended to track the price of gold bullion, despite being classified under the Real Estate sector in some listings. There are no reported quirks or special features, and top holdings information is not disclosed, but the portfolio structure closely mirrors gold’s price movements.SPDR Gold Shares, the original gold ETF, also provides 100% exposure to basic materials, reflecting the price of physical gold. Top holdings are not detailed, but the fund’s large scale and deep liquidity make it a go-to choice for institutional investors or those trading in large volumes. Both funds avoid leverage, derivatives, or ESG overlays, keeping exposures pure and straightforward.For more guidance on ETF investing, check out the full guide at this link.There are some ETF comparisons that every investor should know about. I believe that to be the case when it comes to SPDR Gold Shares (GLD) and SPDR Gold MiniShares Trust (GLDM). Here's why.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,332.37 -167.83 (-0.18%)ETH-USD Ethereum USD 3,315.58 +20.76 (+0.63%)XRP-USD XRP USD 2.07 -0.00 (-0.23%)JBLU JetBlue Airways Corporation 5.38 +0.40 (+8.03%)SOL-USD Solana USD 144.47 -0.45 (-0.31%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events