ETF Versus

GLD vs SPYV

SPDR Gold Shares vs State Street SPDR Portfolio S&P 500 Value 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: N/A ER: 0.40% Yield: N/A Since: 2004-11-18
SPYV State Street

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.82%. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: 0.04% Yield: 1.82% Since: 2000-10-02

Quick Verdict

SPYV is significantly cheaper at 0.04% vs 0.40% expense ratio, saving you approximately $707 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 48.9% return vs 10.5%.

Key Metrics

Metric GLD SPYV
Expense Ratio 0.40% 0.04%
Dividend Yield N/A 1.8%
Fund Family State Street State Street
Category Gold US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

90 131 172 213 254 295 2021-04 2022-06 2023-10 2024-12 2026-04
GLD +164.9%
SPYV +47.1%

Performance Comparison

Period GLD SPYV Difference
1 Month -8.37% -3.85% -4.52%
3 Months +7.70% -0.53% +8.23%
6 Months +17.72% +1.52% +16.20%
YTD +7.70% -0.53% +8.23%
1 Year +48.86% +10.49% +38.37%
3 Years +132.44% +39.08% +93.36%
5 Years +164.91% +47.13% +117.78%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees SPYV Fees You Save
$10,000 10 years $786 $80 $707
$10,000 20 years $3,334 $344 $2,990
$10,000 30 years $10,601 $1,112 $9,488
$50,000 10 years $3,932 $399 $3,533
$50,000 30 years $53,003 $5,560 $47,442
$100,000 30 years $106,005 $11,121 $94,884

Risk Metrics

Based on 5 years of daily returns

Metric GLD SPYV
Annualized Volatility 17.8% 14.4%
Max Drawdown -21.0% -19.1%
Sharpe Ratio 0.94 0.30

Dividend Comparison

Metric GLD SPYV
Annual Dividend (per share) $0.00 $1.03
Dividend Yield 0.00% 1.82%
Distribution Frequency None Quarterly

Which One Should You Choose?

Choose SPYV 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.

Related Comparisons