ETF Versus

IAU vs IVV

iShares Gold Trust vs iShares Core S&P 500 ETF

Last updated: 2026-04-10

IAU iShares

iShares Gold Trust (IAU) is an exchange-traded fund issued by iShares that provides exposure to gold securities. It charges a moderate expense ratio of 0.25%. Launched in 2005, the fund has a 21-year track record.

AUM: $73.9B ER: 0.25% Yield: N/A Since: Jan 21, 2005
IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.18%. Launched in 2000, the fund has a 26-year track record.

AUM: $743.8B ER: 0.03% Yield: 1.18% Since: May 15, 2000

Quick Verdict

IVV is significantly cheaper at 0.03% vs 0.25% expense ratio, saving you approximately $435 per $10,000 invested over 10 years. Over the past year, IAU has significantly outperformed with a 50.0% return vs 29.6%.

Key Metrics

Metric IAU IVV
Expense Ratio 0.25% 0.03%
Dividend Yield N/A 1.2%
Fund Family iShares iShares
Category Gold US Large Cap Blend

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
IAU +171.9%
IVV +65.3%

Performance Comparison

Period IAU IVV Difference
1 Month -8.01% +0.54% -8.55%
3 Months +3.75% -2.17% +5.92%
6 Months +15.89% +2.53% +13.36%
YTD +10.02% -0.45% +10.47%
1 Year +50.03% +29.60% +20.43%
3 Years +136.21% +66.01% +70.20%
5 Years +171.92% +65.33% +106.59%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IAU Fees IVV Fees You Save
$10,000 10 years $495 $60 $435
$10,000 20 years $2,111 $258 $1,853
$10,000 30 years $6,758 $835 $5,923
$50,000 10 years $2,473 $299 $2,173
$50,000 30 years $33,792 $4,176 $29,616
$100,000 30 years $67,584 $8,352 $59,232

Risk Metrics

Based on 5 years of daily returns

Metric IAU IVV
Annualized Volatility 17.7% 16.9%
Max Drawdown -20.9% -25.4%
Sharpe Ratio 0.97 0.42

Dividend Comparison

Metric IAU IVV
Annual Dividend (per share) $0.00 $8.06
Dividend Yield 0.00% 1.18%
Distribution Frequency None Quarterly

Top Holdings

IVV Top Holdings

NameWeight
NVIDIA CorporationNVDA7.60%
Apple Inc.AAPL6.53%
Microsoft CorporationMSFT4.77%
Amazon.com, Inc.AMZN3.71%
Broadcom Inc.AVGO2.86%
Alphabet Inc.GOOG2.53%
Meta Platforms, Inc.META2.30%
Tesla, Inc.TSLA1.66%
Berkshire Hathaway Inc.BRK.B1.51%

Which One Should You Choose?

Choose IVV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IAU if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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