ETF Versus

GLD vs VEA

SPDR Gold Shares vs Vanguard FTSE Developed Markets Index Fund ETF Shares

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
VEA Vanguard

Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) is an exchange-traded fund issued by Vanguard that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 2.88%. Launched in 2007, the fund has a 19-year track record.

AUM: $198.8B ER: 0.03% Yield: 2.88% Since: Jul 20, 2007

Quick Verdict

VEA is significantly cheaper at 0.03% vs 0.40% expense ratio, saving you approximately $727 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 52.3% return vs 27.7%. Income investors may prefer VEA for its higher yield (2.9% vs 0.0%).

Key Metrics

Metric GLD VEA
Expense Ratio 0.40% 0.03%
Dividend Yield 0.0% 2.9%
Fund Family State Street Vanguard
Category Gold International Developed

Performance Chart

Indexed to 100 at start (5-year comparison)

70 115 160 205 250 295 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
VEA +29.0%

Performance Comparison

Period GLD VEA Difference
1 Month -10.65% -5.61% -5.04%
3 Months +9.93% +3.07% +6.86%
6 Months +22.42% +6.68% +15.74%
YTD +9.93% +3.07% +6.86%
1 Year +52.25% +27.70% +24.55%
3 Years +137.25% +43.04% +94.21%
5 Years +170.39% +28.99% +141.40%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VEA Fees You Save
$10.000 10 years $786 $60 $727
$10.000 20 years $3.334 $258 $3.075
$10.000 30 years $10.601 $835 $9.765
$50.000 10 years $3.932 $299 $3.633
$50.000 30 years $53.003 $4.176 $48.827
$100.000 30 years $106.005 $8.352 $97.653

Risk Metrics

Based on 5 years of daily returns

Metric GLD VEA
Annualized Volatility 17.8% 16.4%
Max Drawdown -21.0% -32.3%
Sharpe Ratio 0.96 0.12

Dividend Comparison

Metric GLD VEA
Annual Dividend (per share) $0.00 $1.88
Dividend Yield 0.00% 2.88%
Distribution Frequency None Quarterly

Top Holdings

VEA Top Holdings

NameWeight
Samsung Electronics Co., Ltd.!krx/0059302.18%
ASML Holding N.V.!ams/ASML1.77%
SK hynix Inc.!krx/0006601.24%
Roche Holding AGROC1.L1.03%
Novartis AG!swx/NOVN1.00%
HSBC Holdings plc!lon/HSBA0.99%
AstraZeneca PLC!lon/AZN0.98%
Nestlé S.A.!swx/NESN0.86%
Toyota Motor Corporation!tyo/72030.80%

Which One Should You Choose?

Choose VEA if...

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

Choose GLD if...

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

Choose VEA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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