ETF Versus

GLD vs SLV

SPDR Gold Shares vs iShares Silver Trust

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
SLV iShares

iShares Silver Trust (SLV) is an exchange-traded fund issued by iShares that provides exposure to silver securities. It charges an above-average expense ratio of 0.50%. Launched in 2006, the fund has a 20-year track record.

AUM: $37.9B ER: 0.50% Yield: N/A Since: Apr 21, 2006

Quick Verdict

GLD is significantly cheaper at 0.40% vs 0.50% expense ratio, saving you approximately $193 per $10,000 invested over 10 years. Over the past year, SLV has significantly outperformed with a 143.5% return vs 49.8%.

Key Metrics

Metric GLD SLV
Expense Ratio 0.40% 0.50%
Dividend Yield N/A N/A
Fund Family SPDR iShares
Category Gold Silver

Performance Chart

Indexed to 100 at start (5-year comparison)

70 148 226 304 382 460 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
SLV +198.9%

Performance Comparison

Period GLD SLV Difference
1 Month -8.02% -11.62% +3.60%
3 Months +3.74% -10.84% +14.58%
6 Months +15.85% +45.70% -29.85%
YTD +9.98% +4.73% +5.25%
1 Year +49.83% +143.49% -93.66%
3 Years +135.15% +198.87% -63.72%
5 Years +169.92% +198.87% -28.95%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees SLV Fees You Save
$10,000 10 years $786 $979 $193
$10,000 20 years $3,334 $4,131 $797
$10,000 30 years $10,601 $13,077 $2,476
$50,000 10 years $3,932 $4,895 $963
$50,000 30 years $53,003 $65,385 $12,382
$100,000 30 years $106,005 $130,770 $24,765

Risk Metrics

Based on 5 years of daily returns

Metric GLD SLV
Annualized Volatility 17.8% 35.3%
Max Drawdown -21.0% -42.5%
Sharpe Ratio 0.96 0.68

Dividend Comparison

Metric GLD SLV
Annual Dividend (per share) $0.00 $0.00
Dividend Yield 0.00% 0.00%
Distribution Frequency None None

Which One Should You Choose?

Choose GLD if...

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

Choose SLV if...

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

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