ETF Versus

GLD vs VO

SPDR Gold Shares vs Vanguard Mid-Cap 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
VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.46%. Launched in 2004, the fund has a 22-year track record.

AUM: $95.7B ER: 0.03% Yield: 1.46% Since: Jan 26, 2004

Quick Verdict

VO 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 23.9%.

Key Metrics

Metric GLD VO
Expense Ratio 0.40% 0.03%
Dividend Yield N/A 1.5%
Fund Family SPDR Vanguard
Category Gold US Mid Cap

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%
VO +30.3%

Performance Comparison

Period GLD VO Difference
1 Month -8.02% +0.90% -8.92%
3 Months +3.74% -0.77% +4.51%
6 Months +15.85% +2.51% +13.34%
YTD +9.98% +1.45% +8.53%
1 Year +49.83% +23.90% +25.93%
3 Years +135.15% +41.25% +93.90%
5 Years +169.92% +30.25% +139.67%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VO 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 VO
Annualized Volatility 17.8% 17.7%
Max Drawdown -21.0% -28.6%
Sharpe Ratio 0.96 0.13

Dividend Comparison

Metric GLD VO
Annual Dividend (per share) $0.00 $4.33
Dividend Yield 0.00% 1.46%
Distribution Frequency None Quarterly

Top Holdings

VO Top Holdings

NameWeight
Newmont CorporationNEM1.46%
Corning IncorporatedGLW1.20%
Howmet Aerospace Inc.HWM1.09%
Constellation Energy CorporationCEG1.06%
Vertiv Holdings CoVRT0.99%
Western Digital CorporationWDC0.99%
Seagate Technology Holdings plcSTX0.90%
Quanta Services, Inc.PWR0.87%
Cummins Inc.CMI0.83%
CRH plcCRH0.83%

Which One Should You Choose?

Choose VO 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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