ETF Versus

GLD vs IEMG

SPDR Gold Shares vs iShares Core MSCI Emerging Markets ETF

Last updated: 2026-04-10

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
IEMG iShares

iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund issued by iShares that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 2.49%. Launched in 2012, the fund has a 14-year track record.

AUM: $144.0B ER: 0.09% Yield: 2.49% Since: Oct 18, 2012

Quick Verdict

IEMG is significantly cheaper at 0.09% vs 0.40% expense ratio, saving you approximately $607 per $10,000 invested over 10 years. GLD has edged ahead over the past year (49.8% vs 48.0%).

Key Metrics

Metric GLD IEMG
Expense Ratio 0.40% 0.09%
Dividend Yield N/A 2.5%
Fund Family SPDR iShares
Category Gold Emerging Markets

Performance Chart

Indexed to 100 at start (5-year comparison)

65 114 163 212 261 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
IEMG +15.3%

Performance Comparison

Period GLD IEMG Difference
1 Month -8.02% +2.68% -10.70%
3 Months +3.74% +4.57% -0.83%
6 Months +15.85% +12.30% +3.55%
YTD +9.98% +7.54% +2.44%
1 Year +49.83% +47.97% +1.86%
3 Years +135.15% +50.82% +84.33%
5 Years +169.92% +15.31% +154.61%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees IEMG Fees You Save
$10,000 10 years $786 $179 $607
$10,000 20 years $3,334 $771 $2,563
$10,000 30 years $10,601 $2,486 $8,115
$50,000 10 years $3,932 $896 $3,036
$50,000 30 years $53,003 $12,428 $40,575
$100,000 30 years $106,005 $24,855 $81,150

Risk Metrics

Based on 5 years of daily returns

Metric GLD IEMG
Annualized Volatility 17.8% 18.3%
Max Drawdown -21.0% -38.5%
Sharpe Ratio 0.96 0.00

Dividend Comparison

Metric GLD IEMG
Annual Dividend (per share) $0.00 $1.85
Dividend Yield 0.00% 2.49%
Distribution Frequency None Semi-Annual or Annual

Top Holdings

IEMG Top Holdings

NameWeight
Taiwan Semiconductor Manufacturing Company Limited!tpe/233011.69%
Samsung Electronics Co., Ltd.!krx/0059305.24%
Tencent Holdings Limited!hkg/07003.20%
SK hynix Inc.!krx/0006602.96%
Alibaba Group Holding Limited!hkg/99882.14%
China Construction Bank Corporation!hkg/09390.81%
Delta Electronics, Inc.!tpe/23080.79%
HDFC Bank Limited!nse/HDFCBANK0.77%
Reliance Industries Limited!nse/RELIANCE0.68%
Hon Hai Precision Industry Co., Ltd.!tpe/23170.61%

Which One Should You Choose?

Choose IEMG if...

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

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