ETF Versus

IAU vs VO

iShares Gold Trust vs Vanguard Mid-Cap Index Fund ETF Shares

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
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 0.25% 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 23.9%.

Key Metrics

Metric IAU VO
Expense Ratio 0.25% 0.03%
Dividend Yield N/A 1.5%
Fund Family iShares 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
IAU +171.9%
VO +30.3%

Performance Comparison

Period IAU VO Difference
1 Month -8.01% +0.90% -8.91%
3 Months +3.75% -0.77% +4.52%
6 Months +15.89% +2.51% +13.38%
YTD +10.02% +1.45% +8.57%
1 Year +50.03% +23.90% +26.13%
3 Years +136.21% +41.25% +94.96%
5 Years +171.92% +30.25% +141.67%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IAU Fees VO 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 VO
Annualized Volatility 17.7% 17.7%
Max Drawdown -20.9% -28.6%
Sharpe Ratio 0.97 0.13

Dividend Comparison

Metric IAU 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 IAU if...

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

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