ETF Versus

GLD vs SLV

SPDR Gold Shares vs iShares Silver Trust

Last updated: 2026-04-02

GLD State Street

SPDR Gold Shares (GLD) is an exchange-traded fund issued by State Street that provides exposure to gold securities. It charges an above-average expense ratio of 0.40%. Launched in 2004, the fund has a 22-year track record.

AUM: $151.9B ER: 0.40% Yield: 0.00% Since: Nov 18, 2004
SLV

iShares Silver Trust (SLV) is an exchange-traded fund that provides exposure to silver securities. It charges an above-average expense ratio of 0.50%. Launched in 2006, the fund has a 20-year track record.

AUM: $33.6B ER: 0.50% Yield: N/A Since: Apr 21, 2006

Quick Verdict

GLD is significantly cheaper at 0.40% vs 0.50% expense ratio, saving you approximately $193 per $10,000 invested over 10 years. Over the past year, SLV has significantly outperformed with a 122.5% return vs 52.3%.

Key Metrics

Metric GLD SLV
Expense Ratio 0.40% 0.50%
Dividend Yield 0.0% N/A
Fund Family State Street N/A
Category Gold Silver

Performance Chart

Indexed to 100 at start (5-year comparison)

70 132 194 256 318 380 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
SLV +195.1%

Performance Comparison

Period GLD SLV Difference
1 Month -10.65% -16.46% +5.81%
3 Months +9.93% +3.63% +6.30%
6 Months +22.42% +56.57% -34.15%
YTD +9.93% +3.63% +6.30%
1 Year +52.25% +122.46% -70.21%
3 Years +137.25% +208.88% -71.63%
5 Years +170.39% +195.11% -24.72%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees SLV Fees You Save
$10.000 10 years $786 $979 $193
$10.000 20 years $3.334 $4.131 $797
$10.000 30 years $10.601 $13.077 $2.476
$50.000 10 years $3.932 $4.895 $963
$50.000 30 years $53.003 $65.385 $12.382
$100.000 30 years $106.005 $130.770 $24.765

Risk Metrics

Based on 5 years of daily returns

Metric GLD SLV
Annualized Volatility 17.8% 35.3%
Max Drawdown -21.0% -42.5%
Sharpe Ratio 0.96 0.67

Dividend Comparison

Metric GLD SLV
Annual Dividend (per share) $0.00 $0.00
Dividend Yield 0.00% 0.00%
Distribution Frequency None None

Which One Should You Choose?

Choose GLD if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SLV if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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