ETF Versus

IAU vs IVV

iShares Gold Trust vs iShares Core S&P 500 ETF

Last updated: 2026-04-02

IAU iShares

iShares Gold Trust (IAU) is an exchange-traded fund issued by iShares that provides exposure to gold securities. It charges a moderate expense ratio of 0.25%. Launched in 2005, the fund has a 21-year track record.

AUM: $68.7B ER: 0.25% Yield: 0.00% Since: Jan 21, 2005
IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.23%. Launched in 2000, the fund has a 26-year track record.

AUM: $702.1B ER: 0.03% Yield: 1.23% Since: May 15, 2000

Quick Verdict

IVV is significantly cheaper at 0.03% vs 0.25% expense ratio, saving you approximately $435 per $10,000 invested over 10 years. Over the past year, IAU has significantly outperformed with a 52.4% return vs 16.7%. Income investors may prefer IVV for its higher yield (1.2% vs 0.0%).

Key Metrics

Metric IAU IVV
Expense Ratio 0.25% 0.03%
Dividend Yield 0.0% 1.2%
Fund Family iShares iShares
Category Gold US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 128 171 214 257 300 2021-04 2022-06 2023-09 2024-12 2026-04
IAU +172.6%
IVV +61.3%

Performance Comparison

Period IAU IVV Difference
1 Month -10.66% -4.55% -6.11%
3 Months +9.96% -4.10% +14.06%
6 Months +22.48% -2.14% +24.62%
YTD +9.96% -4.10% +14.06%
1 Year +52.36% +16.72% +35.64%
3 Years +138.19% +59.51% +78.68%
5 Years +172.58% +61.35% +111.23%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IAU Fees IVV Fees You Save
$10.000 10 years $495 $60 $435
$10.000 20 years $2.111 $258 $1.853
$10.000 30 years $6.758 $835 $5.923
$50.000 10 years $2.473 $299 $2.173
$50.000 30 years $33.792 $4.176 $29.616
$100.000 30 years $67.584 $8.352 $59.232

Risk Metrics

Based on 5 years of daily returns

Metric IAU IVV
Annualized Volatility 17.7% 16.9%
Max Drawdown -20.9% -25.4%
Sharpe Ratio 0.97 0.39

Dividend Comparison

Metric IAU IVV
Annual Dividend (per share) $0.00 $8.06
Dividend Yield 0.00% 1.22%
Distribution Frequency None Quarterly

Top Holdings

IVV Top Holdings

NameWeight
NVIDIA CorporationNVDA7.45%
Apple Inc.AAPL6.68%
Microsoft CorporationMSFT4.85%
Amazon.com, Inc.AMZN3.56%
Broadcom Inc.AVGO2.61%
Alphabet Inc.GOOG2.34%
Meta Platforms, Inc.META2.10%
Tesla, Inc.TSLA1.86%
Berkshire Hathaway Inc.BRK.B1.57%

Which One Should You Choose?

Choose IVV if...

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

Choose IAU if...

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

Choose IVV if...

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

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