Gold ETF Comparison: GLDM vs. IAU - Lower Costs vs. More Assets Under Management

GLDM and IAU are gold ETFs that track the price of gold bullion. GLDM offers a lower expense ratio of 0.10% compared to IAU's 0.25%. Both funds have similar one-year returns, but GLDM experienced a smaller maximum drawdown over the past five years. They both have a 100% allocation to gold and do not hold equities or alternative assets. Investors looking for a more affordable option with similar performance should consider GLDM.