ETF Versus

GLD vs SPLG

SPDR Gold Shares vs State Street SPDR Portfolio S&P 500 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
SPLG SPDR

State Street SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2009-01-02

Quick Verdict

SPLG is significantly cheaper at 0.00% vs 0.40% expense ratio, saving you approximately $786 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 29.7%.

Key Metrics

Metric GLD SPLG
Expense Ratio 0.40% N/A
Dividend Yield N/A N/A
Fund Family SPDR SPDR
Category Gold US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 130 175 220 265 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
SPLG +65.4%

Performance Comparison

Period GLD SPLG Difference
1 Month -8.02% +0.54% -8.56%
3 Months +3.74% -2.18% +5.92%
6 Months +15.85% +2.59% +13.26%
YTD +9.98% -0.46% +10.44%
1 Year +49.83% +29.69% +20.14%
3 Years +135.15% +66.15% +69.00%
5 Years +169.92% +65.40% +104.52%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees SPLG Fees You Save
$10,000 10 years $786 $0 $786
$10,000 20 years $3,334 $0 $3,334
$10,000 30 years $10,601 $0 $10,601
$50,000 10 years $3,932 $0 $3,932
$50,000 30 years $53,003 $0 $53,003
$100,000 30 years $106,005 $0 $106,005

Risk Metrics

Based on 5 years of daily returns

Metric GLD SPLG
Annualized Volatility 17.8% 16.9%
Max Drawdown -21.0% -25.4%
Sharpe Ratio 0.96 0.42

Dividend Comparison

Metric GLD SPLG
Annual Dividend (per share) $0.00 $0.88
Dividend Yield 0.00% 1.10%
Distribution Frequency None Quarterly

Which One Should You Choose?

Choose SPLG 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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