GLD vs IWM
SPDR Gold Shares vs iShares Russell 2000 ETF
Last updated: 2026-04-08
SPDR Gold Shares (GLD) is an exchange-traded fund 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.
iShares Russell 2000 ETF (IWM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a moderate expense ratio of 0.19%. The fund offers a moderate dividend yield of 1.00%. Launched in 2000, the fund has a 26-year track record.
Quick Verdict
IWM is significantly cheaper at 0.19% vs 0.40% expense ratio, saving you approximately $410 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 55.4% return vs 44.4%.
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
IWM Top Holdings
| Name | Weight |
|---|---|
| Bloom Energy CorporationBE | 0.99% |
| FabrinetFN | 0.67% |
| COEUR MINING INCCDE.NE | 0.63% |
| EchoStar CorporationSATS | 0.57% |
| Credo Technology Group Holding LtdCRDO | 0.55% |
| Nextpower Inc.NXT | 0.53% |
| Kratos Defense & Security Solutions, Inc.KTOS | 0.45% |
| Advanced Energy Industries, Inc.AEIS | 0.42% |
| Hecla Mining CompanyHL | 0.41% |
| Sterling Infrastructure, Inc.STRL | 0.39% |
Which One Should You Choose?
Choose IWM 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.