ETF Versus

GLD vs VEA

SPDR Gold Shares vs Vanguard FTSE Developed Markets Index Fund ETF Shares

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
VEA Vanguard

Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) is an exchange-traded fund issued by Vanguard that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 2.78%. Launched in 2007, the fund has a 19-year track record.

AUM: $217.2B ER: 0.03% Yield: 2.78% Since: Jul 20, 2007

Quick Verdict

VEA is significantly cheaper at 0.03% vs 0.40% expense ratio, saving you approximately $727 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 40.6%.

Key Metrics

Metric GLD VEA
Expense Ratio 0.40% 0.03%
Dividend Yield N/A 2.8%
Fund Family SPDR Vanguard
Category Gold International Developed

Performance Chart

Indexed to 100 at start (5-year comparison)

70 118 166 214 262 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
VEA +34.5%

Performance Comparison

Period GLD VEA Difference
1 Month -8.02% +2.70% -10.72%
3 Months +3.74% +4.18% -0.44%
6 Months +15.85% +13.10% +2.75%
YTD +9.98% +7.02% +2.96%
1 Year +49.83% +40.64% +9.19%
3 Years +135.15% +48.42% +86.73%
5 Years +169.92% +34.49% +135.43%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VEA Fees You Save
$10,000 10 years $786 $60 $727
$10,000 20 years $3,334 $258 $3,075
$10,000 30 years $10,601 $835 $9,765
$50,000 10 years $3,932 $299 $3,633
$50,000 30 years $53,003 $4,176 $48,827
$100,000 30 years $106,005 $8,352 $97,653

Risk Metrics

Based on 5 years of daily returns

Metric GLD VEA
Annualized Volatility 17.8% 16.5%
Max Drawdown -21.0% -32.3%
Sharpe Ratio 0.96 0.17

Dividend Comparison

Metric GLD VEA
Annual Dividend (per share) $0.00 $1.88
Dividend Yield 0.00% 2.78%
Distribution Frequency None Quarterly

Top Holdings

VEA Top Holdings

NameWeight
Samsung Electronics Co., Ltd.!krx/0059302.18%
ASML Holding N.V.!ams/ASML1.77%
SK hynix Inc.!krx/0006601.24%
Roche Holding AGROC1.L1.03%
Novartis AG!swx/NOVN1.00%
HSBC Holdings plc!lon/HSBA0.99%
AstraZeneca PLC!lon/AZN0.98%
Nestlé S.A.!swx/NESN0.86%
Toyota Motor Corporation!tyo/72030.80%

Which One Should You Choose?

Choose VEA 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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