IAU vs VWO
iShares Gold Trust vs Vanguard Emerging Markets Stock Index Fund
Last updated: 2026-04-10
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.
Vanguard Emerging Markets Stock Index Fund (VWO) is an exchange-traded fund issued by Vanguard that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 2.64%. Launched in 2005, the fund has a 21-year track record.
Quick Verdict
VWO is significantly cheaper at 0.06% vs 0.25% expense ratio, saving you approximately $375 per $10,000 invested over 10 years. Over the past year, IAU has significantly outperformed with a 50.0% return vs 35.4%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
VWO Top Holdings
| Name | Weight |
|---|---|
| Taiwan Semiconductor Manufacturing Company Limited!tpe/2330 | 12.71% |
| Tencent Holdings Limited!hkg/0700 | 3.44% |
| Alibaba Group Holding Limited!otc/BABAF | 2.74% |
| HDFC Bank Limited!nse/HDFCBANK | 0.93% |
| Reliance Industries Limited!nse/RELIANCE | 0.88% |
| Hon Hai Precision Industry Co., Ltd.!tpe/2317 | 0.78% |
| MediaTek Inc.!tpe/2454 | 0.76% |
| China Construction Bank Corporation!hkg/0939 | 0.75% |
Which One Should You Choose?
Choose VWO 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.