ETF Versus

GLD vs XLP

SPDR Gold Shares vs State Street Consumer Staples Select Sector SPDR 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
XLP SPDR

State Street Consumer Staples Select Sector SPDR ETF (XLP) is an exchange-traded fund issued by SPDR that provides exposure to us sector - consumer staples securities. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 2.63%. Launched in 1998, the fund has a 28-year track record.

AUM: $14.5B ER: 0.08% Yield: 2.63% Since: Dec 16, 1998

Quick Verdict

XLP is significantly cheaper at 0.08% vs 0.40% expense ratio, saving you approximately $627 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 49.8% return vs 4.3%.

Key Metrics

Metric GLD XLP
Expense Ratio 0.40% 0.08%
Dividend Yield N/A 2.6%
Fund Family SPDR SPDR
Category Gold US Sector - Consumer Staples

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%
XLP +19.4%

Performance Comparison

Period GLD XLP Difference
1 Month -8.02% -2.20% -5.82%
3 Months +3.74% +3.17% +0.57%
6 Months +15.85% +6.28% +9.57%
YTD +9.98% +6.48% +3.50%
1 Year +49.83% +4.25% +45.58%
3 Years +135.15% +9.45% +125.70%
5 Years +169.92% +19.39% +150.53%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees XLP Fees You Save
$10,000 10 years $786 $159 $627
$10,000 20 years $3,334 $686 $2,648
$10,000 30 years $10,601 $2,212 $8,388
$50,000 10 years $3,932 $797 $3,135
$50,000 30 years $53,003 $11,061 $41,941
$100,000 30 years $106,005 $22,123 $83,882

Risk Metrics

Based on 5 years of daily returns

Metric GLD XLP
Annualized Volatility 17.8% 13.2%
Max Drawdown -21.0% -17.8%
Sharpe Ratio 0.96 -0.01

Dividend Comparison

Metric GLD XLP
Annual Dividend (per share) $0.00 $2.18
Dividend Yield 0.00% 2.63%
Distribution Frequency None Quarterly

Top Holdings

XLP Top Holdings

NameWeight
Walmart Inc.WMT12.01%
Costco Wholesale CorporationCOST9.72%
The Procter & Gamble CompanyPG7.23%
The Coca-Cola CompanyKO6.42%
Philip Morris International Inc.PM5.32%
Mondelez International, Inc.MDLZ4.79%
Altria Group, Inc.MO4.57%
PepsiCo, Inc.PEP4.57%
Colgate-Palmolive CompanyCL4.31%
Target CorporationTGT3.70%

Which One Should You Choose?

Choose XLP 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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