ETF Versus

GLD vs SCHD

SPDR Gold Shares vs Schwab U.S. Dividend Equity ETF

Last updated: 2026-04-02

GLD State Street

SPDR Gold Shares (GLD) is an exchange-traded fund issued by State Street 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: $151.9B ER: 0.40% Yield: 0.00% Since: Nov 18, 2004
SCHD Schwab

Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.46%. Launched in 2011, the fund has a 15-year track record.

AUM: $83.9B ER: 0.06% Yield: 3.46% Since: Oct 20, 2011

Quick Verdict

SCHD is significantly cheaper at 0.06% vs 0.40% expense ratio, saving you approximately $667 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 52.3% return vs 9.5%. Income investors may prefer SCHD for its higher yield (3.5% vs 0.0%).

Key Metrics

Metric GLD SCHD
Expense Ratio 0.40% 0.06%
Dividend Yield 0.0% 3.5%
Fund Family State Street Schwab
Category Gold US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

90 131 172 213 254 295 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
SCHD +23.3%

Performance Comparison

Period GLD SCHD Difference
1 Month -10.65% -4.24% -6.41%
3 Months +9.93% +10.03% -0.10%
6 Months +22.42% +11.31% +11.11%
YTD +9.93% +10.03% -0.10%
1 Year +52.25% +9.47% +42.78%
3 Years +137.25% +24.43% +112.82%
5 Years +170.39% +23.27% +147.12%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees SCHD Fees You Save
$10.000 10 years $786 $120 $667
$10.000 20 years $3.334 $515 $2.819
$10.000 30 years $10.601 $1.664 $8.937
$50.000 10 years $3.932 $598 $3.334
$50.000 30 years $53.003 $8.318 $44.684
$100.000 30 years $106.005 $16.637 $89.369

Risk Metrics

Based on 5 years of daily returns

Metric GLD SCHD
Annualized Volatility 17.8% 14.6%
Max Drawdown -21.0% -18.9%
Sharpe Ratio 0.96 0.05

Dividend Comparison

Metric GLD SCHD
Annual Dividend (per share) $0.00 $1.06
Dividend Yield 0.00% 3.46%
Distribution Frequency None Quarterly

Top Holdings

SCHD Top Holdings

NameWeight
Chevron CorporationCVX4.66%
ConocoPhillipsCOP4.33%
Merck & Co., Inc.MRK4.08%
Verizon Communications Inc.VZ4.03%
The Coca-Cola CompanyKO3.98%
Texas Instruments IncorporatedTXN3.86%
PepsiCo, Inc.PEP3.83%
Amgen Inc.AMGN3.78%
Abbott LaboratoriesABT3.78%
The Procter & Gamble CompanyPG3.70%

Which One Should You Choose?

Choose SCHD 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.

Choose SCHD if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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