ETF Versus

GLD vs IJR

SPDR Gold Shares vs iShares Core S&P Small-Cap 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
IJR iShares

iShares Core S&P Small-Cap ETF (IJR) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.23%. Launched in 2000, the fund has a 26-year track record.

AUM: $96.3B ER: 0.06% Yield: 1.23% Since: May 22, 2000

Quick Verdict

IJR is significantly cheaper at 0.06% vs 0.40% expense ratio, saving you approximately $667 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 38.1%.

Key Metrics

Metric GLD IJR
Expense Ratio 0.40% 0.06%
Dividend Yield N/A 1.2%
Fund Family SPDR iShares
Category Gold US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

75 122 169 216 263 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
IJR +18.7%

Performance Comparison

Period GLD IJR Difference
1 Month -8.02% +4.49% -12.51%
3 Months +3.74% +2.82% +0.92%
6 Months +15.85% +11.61% +4.24%
YTD +9.98% +7.20% +2.78%
1 Year +49.83% +38.09% +11.74%
3 Years +135.15% +35.49% +99.66%
5 Years +169.92% +18.67% +151.25%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees IJR Fees You Save
$10,000 10 years $786 $120 $667
$10,000 20 years $3,334 $515 $2,819
$10,000 30 years $10,601 $1,664 $8,937
$50,000 10 years $3,932 $598 $3,334
$50,000 30 years $53,003 $8,318 $44,684
$100,000 30 years $106,005 $16,637 $89,369

Risk Metrics

Based on 5 years of daily returns

Metric GLD IJR
Annualized Volatility 17.8% 21.6%
Max Drawdown -21.0% -28.9%
Sharpe Ratio 0.96 0.06

Dividend Comparison

Metric GLD IJR
Annual Dividend (per share) $0.00 $1.60
Dividend Yield 0.00% 1.23%
Distribution Frequency None Quarterly

Top Holdings

IJR Top Holdings

NameWeight
BLK CSH FND TREASURY SL AGENCYXTSLA1.29%
Viavi Solutions Inc.VIAV0.60%
FormFactor, Inc.FORM0.57%
Eastman Chemical CompanyEMN0.53%
Primoris Services CorporationPRIM0.53%
Element Solutions IncESI0.53%
Argan, Inc.AGX0.51%
Semtech CorporationSMTC0.50%
ESCO Technologies Inc.ESE0.50%
Match Group, Inc.MTCH0.48%

Which One Should You Choose?

Choose IJR 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.

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