ETF Versus

GLD vs VIG

SPDR Gold Shares vs Vanguard Dividend Appreciation 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
VIG Vanguard

Vanguard Dividend Appreciation Index Fund ETF Shares (VIG) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.56%. Launched in 2006, the fund has a 20-year track record.

AUM: $102.5B ER: 0.04% Yield: 1.56% Since: Apr 21, 2006

Quick Verdict

VIG is significantly cheaper at 0.04% vs 0.40% expense ratio, saving you approximately $707 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 22.2%.

Key Metrics

Metric GLD VIG
Expense Ratio 0.40% 0.04%
Dividend Yield N/A 1.6%
Fund Family SPDR Vanguard
Category Gold US Dividend

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%
VIG +46.7%

Performance Comparison

Period GLD VIG Difference
1 Month -8.02% +0.41% -8.43%
3 Months +3.74% -1.65% +5.39%
6 Months +15.85% +3.01% +12.84%
YTD +9.98% +0.59% +9.39%
1 Year +49.83% +22.20% +27.63%
3 Years +135.15% +43.12% +92.03%
5 Years +169.92% +46.75% +123.17%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VIG Fees You Save
$10,000 10 years $786 $80 $707
$10,000 20 years $3,334 $344 $2,990
$10,000 30 years $10,601 $1,112 $9,488
$50,000 10 years $3,932 $399 $3,533
$50,000 30 years $53,003 $5,560 $47,442
$100,000 30 years $106,005 $11,121 $94,884

Risk Metrics

Based on 5 years of daily returns

Metric GLD VIG
Annualized Volatility 17.8% 14.3%
Max Drawdown -21.0% -21.5%
Sharpe Ratio 0.96 0.30

Dividend Comparison

Metric GLD VIG
Annual Dividend (per share) $0.00 $3.45
Dividend Yield 0.00% 1.56%
Distribution Frequency None Quarterly

Top Holdings

VIG Top Holdings

NameWeight
Broadcom Inc.AVGO5.92%
Apple Inc.AAPL3.89%
Eli Lilly and CompanyLLY3.70%
Microsoft CorporationMSFT3.45%
JPMorgan Chase & Co.JPM3.42%
Exxon Mobil CorporationXOM2.87%
Johnson & JohnsonJNJ2.65%
Walmart Inc.WMT2.48%
Visa Inc.V2.23%
Costco Wholesale CorporationCOST1.98%

Which One Should You Choose?

Choose VIG 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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