SPDR Gold MiniShares Trust (NYSE:GLDM) has outperformed the market over the past 5 years by 6.88% on an annualized basis producing an average annual return of 18.9%. Currently, SPDR Gold MiniShares Trust has a market capitalization of $28.85 billion.
Buying $1000 In GLDM: If an investor had bought $1000 of GLDM stock 5 years ago, it would be worth $2,367.25 today based on a price of $83.96 for GLDM at the time of writing.
SPDR Gold MiniShares Trust's Performance Over Last 5 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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