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Anonymous
Why is the same company having two gold etf with different expense ratio
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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:
GLD has high average volume
GLD has (likely marginally) better spreads
GLD has options while GLDM doesn't
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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.