ETF Versus

GLD vs IWF

SPDR Gold Shares vs iShares Russell 1000 Growth 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
IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.38%. Launched in 2000, the fund has a 26-year track record.

AUM: $116.5B ER: 0.18% Yield: 0.38% Since: May 22, 2000

Quick Verdict

IWF is significantly cheaper at 0.18% vs 0.40% expense ratio, saving you approximately $429 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 29.9%.

Key Metrics

Metric GLD IWF
Expense Ratio 0.40% 0.18%
Dividend Yield N/A 0.4%
Fund Family SPDR iShares
Category Gold US Large Cap Growth

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
GLD +169.9%
IWF +73.8%

Performance Comparison

Period GLD IWF Difference
1 Month -8.02% -1.05% -6.97%
3 Months +3.74% -6.42% +10.16%
6 Months +15.85% -4.69% +20.54%
YTD +9.98% -5.33% +15.31%
1 Year +49.83% +29.88% +19.95%
3 Years +135.15% +84.44% +50.71%
5 Years +169.92% +73.81% +96.11%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees IWF Fees You Save
$10,000 10 years $786 $357 $429
$10,000 20 years $3,334 $1,529 $1,804
$10,000 30 years $10,601 $4,912 $5,689
$50,000 10 years $3,932 $1,786 $2,146
$50,000 30 years $53,003 $24,558 $28,445
$100,000 30 years $106,005 $49,116 $56,889

Risk Metrics

Based on 5 years of daily returns

Metric GLD IWF
Annualized Volatility 17.8% 21.4%
Max Drawdown -21.0% -33.1%
Sharpe Ratio 0.96 0.42

Dividend Comparison

Metric GLD IWF
Annual Dividend (per share) $0.00 $1.69
Dividend Yield 0.00% 0.38%
Distribution Frequency None Quarterly

Top Holdings

IWF Top Holdings

NameWeight
NVIDIA CorporationNVDA12.99%
Apple Inc.AAPL11.43%
Microsoft CorporationMSFT8.59%
Broadcom Inc.AVGO5.22%
Amazon.com, Inc.AMZN4.76%
Meta Platforms, Inc.META3.56%
Tesla, Inc.TSLA3.15%
Alphabet Inc.GOOG3.03%
Eli Lilly and CompanyLLY2.65%

Which One Should You Choose?

Choose IWF 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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