ETF Versus

GLD vs VIG

SPDR Gold Shares vs Vanguard Dividend Appreciation 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
VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.60%. Launched in 2006, the fund has a 20-year track record.

AUM: $97.2B ER: 0.04% Yield: 1.60% Since: Apr 21, 2006

Quick Verdict

VIG is significantly cheaper at 0.04% vs 0.40% expense ratio, saving you approximately $707 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 52.3% return vs 11.4%. Income investors may prefer VIG for its higher yield (1.6% vs 0.0%).

Key Metrics

Metric GLD VIG
Expense Ratio 0.40% 0.04%
Dividend Yield 0.0% 1.6%
Fund Family State Street Vanguard
Category Gold US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

90 131 172 213 254 295 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
VIG +43.7%

Performance Comparison

Period GLD VIG Difference
1 Month -10.65% -5.05% -5.60%
3 Months +9.93% -2.23% +12.16%
6 Months +22.42% -0.97% +23.39%
YTD +9.93% -2.23% +12.16%
1 Year +52.25% +11.38% +40.87%
3 Years +137.25% +39.10% +98.15%
5 Years +170.39% +43.71% +126.68%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VIG Fees You Save
$10.000 10 years $786 $80 $707
$10.000 20 years $3.334 $344 $2.990
$10.000 30 years $10.601 $1.112 $9.488
$50.000 10 years $3.932 $399 $3.533
$50.000 30 years $53.003 $5.560 $47.442
$100.000 30 years $106.005 $11.121 $94.884

Risk Metrics

Based on 5 years of daily returns

Metric GLD VIG
Annualized Volatility 17.8% 14.3%
Max Drawdown -21.0% -21.5%
Sharpe Ratio 0.96 0.27

Dividend Comparison

Metric GLD VIG
Annual Dividend (per share) $0.00 $3.45
Dividend Yield 0.00% 1.60%
Distribution Frequency None Quarterly

Top Holdings

VIG Top Holdings

NameWeight
Broadcom Inc.AVGO5.92%
Apple Inc.AAPL3.89%
Eli Lilly and CompanyLLY3.70%
Microsoft CorporationMSFT3.45%
JPMorgan Chase & Co.JPM3.42%
Exxon Mobil CorporationXOM2.87%
Johnson & JohnsonJNJ2.65%
Walmart Inc.WMT2.48%
Visa Inc.V2.23%
Costco Wholesale CorporationCOST1.98%

Which One Should You Choose?

Choose VIG 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 VIG if...

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

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