ETF Versus

GLD vs VYM

SPDR Gold Shares vs Vanguard High Dividend Yield 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
VYM Vanguard

Vanguard High Dividend Yield Index Fund ETF Shares (VYM) 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 2.31%. Launched in 2006, the fund has a 20-year track record.

AUM: $74.7B ER: 0.04% Yield: 2.31% Since: Nov 10, 2006

Quick Verdict

VYM 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 27.9%.

Key Metrics

Metric GLD VYM
Expense Ratio 0.40% 0.04%
Dividend Yield N/A 2.3%
Fund Family SPDR Vanguard
Category Gold US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

90 134 178 222 266 310 2021-04 2022-07 2023-10 2025-01 2026-04
GLD +169.9%
VYM +48.6%

Performance Comparison

Period GLD VYM Difference
1 Month -8.02% +1.40% -9.42%
3 Months +3.74% +3.22% +0.52%
6 Months +15.85% +9.20% +6.65%
YTD +9.98% +5.27% +4.71%
1 Year +49.83% +27.88% +21.95%
3 Years +135.15% +42.71% +92.44%
5 Years +169.92% +48.59% +121.33%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees VYM 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 VYM
Annualized Volatility 17.8% 14.0%
Max Drawdown -21.0% -17.5%
Sharpe Ratio 0.96 0.32

Dividend Comparison

Metric GLD VYM
Annual Dividend (per share) $0.00 $3.51
Dividend Yield 0.00% 2.31%
Distribution Frequency None Quarterly

Top Holdings

VYM Top Holdings

NameWeight
Broadcom Inc.AVGO6.48%
JPMorgan Chase & Co.JPM3.36%
Exxon Mobil CorporationXOM2.83%
Johnson & JohnsonJNJ2.63%
Walmart Inc.WMT2.44%
AbbVie Inc.ABBV1.81%
The Procter & Gamble CompanyPG1.72%
The Home Depot, Inc.HD1.66%
Chevron CorporationCVX1.54%
Caterpillar Inc.CAT1.51%

Which One Should You Choose?

Choose VYM 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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