facebookWhat is the difference between GLD GLDM since both are by State Street SPDR? - Seedly

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Anonymous

20 Feb 2021

General Investing

What is the difference between GLD GLDM since both are by State Street SPDR?

Why is the same company having two gold etf with different expense ratio

Discussion (3)

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GLDM and GLD have different custodian, not sure how each custodian differ. GLD is by HSBC and GLDM by gold vaults iirc.

Chris

20 Feb 2021

Owner and Writer at Tortoisemoney.com

GLD has been around for longer so I guess they just sprung off a more accessible version in GLDM to smaller retail investors.

As for differences:

  1. GLD has high average volume

  2. GLD has (likely marginally) better spreads

  3. GLD has options while GLDM doesn't

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