SPDR Gold Shares (GLD)
Gold · Benchmark: LBMA Gold Price · Domiciled in US
VMCI-Composite holdings score
ValueMarkers builds the VMCI-Composite by taking the underlying VMCI score for each of the ETF's top-10 holdings and weighting it by the holding's share of the fund. The number summarizes the fundamentals of the largest positions on the five-pillar framework — Value, Quality, Integrity, Growth, Risk.
SPDR Gold Shares — analysis
SPDR Gold Shares (GLD) is the gold ETF that holds $402.8B in assets, charging 17 bps per year against a LBMA Gold Price. The fund inception date is 2001-03-15, which gives the strategy roughly 25 years of live track record on the ValueMarkers screen.
VMCI-Composite read on GLD: 63/100. The metric distills 120 indicators across each of the top-10 underlying companies into a single fund-level score, comparable across the gold cohort. Tilt: above-average composite quality.
Performance read on GLD: 5y CAGR of 12.4%, above the 12.0% benchmark print. Trailing 1y -8.6%, 3y CAGR 10.4%, YTD 11.4%.
GLD distribution profile: 1.90% yield, 1.4% 5y distribution CAGR. Income buyers typically weigh the two against each other when sizing positions in the gold sleeve.
GLD structure read: 31% concentration in top 10, Technology leading at 34%, and AAPL the top single-name position at 3.74%.
Comparison set on GLD: IAU, GDX. With three peers each operating in the gold bucket, the active question for the buyer is which methodology and which cost line wins on a five-year, after-tax basis.
Top 25 holdings
| # | Ticker | Weight | VMCI |
|---|---|---|---|
| 1 | AAPL | 3.74% | 59 |
| 2 | MSFT | 3.54% | 87 |
| 3 | NVDA | 3.69% | 56 |
| 4 | AMZN | 3.34% | 63 |
| 5 | GOOGL | 3.09% | 49 |
| 6 | META | 3.09% | 50 |
| 7 | BRK-B | 2.99% | 71 |
| 8 | TSLA | 2.69% | 79 |
| 9 | V | 2.64% | 51 |
| 10 | JPM | 2.54% | 70 |
| 11 | UNH | 2.24% | 76 |
| 12 | XOM | 2.04% | 63 |
| 13 | JNJ | 2.04% | 55 |
| 14 | PG | 1.79% | 74 |
| 15 | MA | 1.74% | 47 |
| 16 | HD | 1.50% | 55 |
| 17 | MRK | 1.30% | 89 |
| 18 | AVGO | 1.30% | 62 |
| 19 | PEP | 1.05% | 48 |
| 20 | COST | 0.85% | 40 |
| 21 | KO | 1.00% | 89 |
| 22 | WMT | 0.65% | 77 |
| 23 | BAC | 0.40% | 57 |
| 24 | CVX | 0.55% | 50 |
| 25 | ADBE | 0.20% | 69 |
Performance & income
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Data refreshed at request time and cached for 6 hours. As of 2026-05-15.