ETF Versus

AGG vs GLD

iShares Core U.S. Aggregate Bond ETF vs SPDR Gold Shares

Last updated: 2026-04-10

AGG iShares

iShares Core U.S. Aggregate Bond ETF (AGG) is an exchange-traded fund issued by iShares that provides exposure to the broad U.S. investment-grade bond market. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.94%. Launched in 2003, the fund has a 23-year track record.

AUM: $135.6B ER: 0.03% Yield: 3.94% Since: Sep 22, 2003
GLD SPDR

SPDR Gold Shares (GLD) is an exchange-traded fund issued by SPDR 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: $162.2B ER: 0.40% Yield: N/A Since: Nov 18, 2004

Quick Verdict

AGG 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 49.8% return vs 2.3%.

Key Metrics

Metric AGG GLD
Expense Ratio 0.03% 0.40%
Dividend Yield 3.9% N/A
Fund Family iShares SPDR
Category US Aggregate Bond Gold

Performance Chart

Indexed to 100 at start (5-year comparison)

80 126 172 218 264 310 2021-04 2022-07 2023-10 2025-01 2026-04
AGG -13.0%
GLD +169.9%

Performance Comparison

Period AGG GLD Difference
1 Month -0.30% -8.02% +7.72%
3 Months -0.74% +3.74% -4.48%
6 Months -1.25% +15.85% -17.10%
YTD -0.49% +9.98% -10.47%
1 Year +2.29% +49.83% -47.54%
3 Years -0.45% +135.15% -135.60%
5 Years -12.95% +169.92% -182.87%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period AGG Fees GLD Fees You Save
$10,000 10 years $60 $786 $727
$10,000 20 years $258 $3,334 $3,075
$10,000 30 years $835 $10,601 $9,765
$50,000 10 years $299 $3,932 $3,633
$50,000 30 years $4,176 $53,003 $48,827
$100,000 30 years $8,352 $106,005 $97,653

Risk Metrics

Based on 5 years of daily returns

Metric AGG GLD
Annualized Volatility 6.1% 17.8%
Max Drawdown -21.4% -21.0%
Sharpe Ratio -1.16 0.96

Dividend Comparison

Metric AGG GLD
Annual Dividend (per share) $3.91 $0.00
Dividend Yield 3.93% 0.00%
Distribution Frequency Monthly None

Which One Should You Choose?

Choose AGG 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.

Related Comparisons