ETF Versus

GLD vs VUG

SPDR Gold Shares vs Vanguard Growth 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
VUG Vanguard

Vanguard Growth Index Fund ETF Shares (VUG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.03%. The fund offers a modest dividend yield of 0.45%. Launched in 2004, the fund has a 22-year track record.

AUM: $179.8B ER: 0.03% Yield: 0.45% Since: Jan 26, 2004

Quick Verdict

VUG 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 18.0%.

Key Metrics

Metric GLD VUG
Expense Ratio 0.40% 0.03%
Dividend Yield 0.0% 0.5%
Fund Family State Street Vanguard
Category Gold US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 119 163 207 251 295 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
VUG +66.0%

Performance Comparison

Period GLD VUG Difference
1 Month -10.65% -4.47% -6.18%
3 Months +9.93% -9.18% +19.11%
6 Months +22.42% -8.28% +30.70%
YTD +9.93% -9.18% +19.11%
1 Year +52.25% +18.01% +34.24%
3 Years +137.25% +77.18% +60.07%
5 Years +170.39% +66.01% +104.38%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VUG 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 VUG
Annualized Volatility 17.8% 22.2%
Max Drawdown -21.0% -36.0%
Sharpe Ratio 0.96 0.37

Dividend Comparison

Metric GLD VUG
Annual Dividend (per share) $0.00 $1.99
Dividend Yield 0.00% 0.45%
Distribution Frequency None Quarterly

Top Holdings

VUG Top Holdings

NameWeight
NVIDIA CorporationNVDA12.82%
Apple Inc.AAPL12.23%
Microsoft CorporationMSFT9.15%
Alphabet Inc.GOOG4.49%
Meta Platforms, Inc.META4.44%
Amazon.com, Inc.AMZN4.41%
Broadcom Inc.AVGO3.95%
Tesla, Inc.TSLA3.58%
Eli Lilly and CompanyLLY2.82%

Which One Should You Choose?

Choose VUG 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 VUG if...

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

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