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SPDR® Gold MiniShares®(GLDM)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for GLDM
10/07/2026: GLDM (4-star) is currently NOT-A-BUY. Pass it for now.
GLDM offers retail investors low-cost, efficient exposure to physical gold bullion, held securely in trust by State Street Global Advisors. Its primary strength lies in its low expense ratio, which makes it a highly competitive alternative to larger established products. It serves as a tactical portfolio hedge against inflation and geopolitical risk rather than a growth-generating engine. Key risks include price sensitivity to real interest rates and the absence of dividend income. It is best suited for long-term, risk-conscious investors looking to diversify away from traditional financial assets.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Gold is a store of value rather than a growth-oriented asset that generates cash flows. |
| Momentum investor | Strong fit while signal remains positive | Gold often exhibits strong momentum characteristics during periods of market stress or high inflation. |
| Value investor | Mixed fit | Gold is often used as a defensive store of value, but does not offer traditional valuation metrics like P/E ratios. |
| Dividend/Income investor | Weak fit | Gold is a non-yielding asset and does not provide dividend income. |
| Low-risk investor | Mixed fit | While gold reduces portfolio correlation, its price volatility can be significant in the short term. |
Investor Profile
Ideal Investor Profile
Investors seeking a cost-effective hedge against inflation and a store of value to reduce portfolio correlation.
Suitability
Best suited for long-term investors looking to hold gold as a strategic allocation, rather than active short-term traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The price of gold can fluctuate significantly based on global economic conditions. |
| Market risk | Medium / high | External geopolitical and economic shifts directly impact gold's valuation. |
| Concentration | High | The fund is entirely concentrated in a single commodity, lacking diversification across asset classes. |
| Tracking/expense | Low | The fund has a very low expense ratio and tracks the underlying spot price very efficiently. |
| Liquidity | Low | The underlying asset is highly liquid, and the ETF maintains tight spreads for easy entry and exit. |
| Business/sector quality | Low / none | As a passive physical trust, there is no business management or sector-specific operational risk. |
Risk Analysis
Volatility
Gold exhibits moderate to high volatility compared to broad bond indices, often reacting sharply to economic news.
Market Risk
The primary risk is price depreciation due to rising real rates or a strengthening dollar, rather than issuer or credit risk.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | Physical Gold Bullion | 99.9 | This provides direct exposure to the spot price of physical gold stored in professional vaults. |
| Cash/collateral | Cash and Cash Equivalents | 0.1 | A negligible cash balance is held to facilitate daily fund operations and administrative expenses. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit 76.99% | Avg. Invested days 87 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/07/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 7, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $30.96B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.1% |
| Distribution Yield | 0% |
| Inception | Jun 25, 2018 |
Performance
| Period | Total Return |
|---|---|
| YTD | -3.89% |
| 1 Year | +7.51% |
| 3 Year | +31.26% |
| 5 Year | +18.59% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 30.01% |
| 3Y Volatility | 20.2% |
| 3Y Sharpe Ratio | 1.21 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
| Distribution Yield | 0% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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