Data as of Oct 28, 2026.
EEM vs GLD: Differences, Returns & Fees
EEM is an equity index fund and GLD a commodity fund, and over the year to Oct 28, 2026, EEM returned +16.3% against +2.5%.
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askIQ about EEM and GLDNet assets on Oct 27, 2026: $29.1bn for iShares MSCI Emerging Markets ETF and $135.8bn for SPDR Gold Shares.
Pair scorecard
GLD costs 0.32 points a year less; their one-year returns differ by 13.8 points; GLD is 4.7 times larger.
| Measure | EEM | GLD |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.3% | +2.5% |
| Drawdown | ||
| Below its high | 10.8%, high on Jun 22, 2026 | 24.7%, high on Jan 29, 2026 |
| Benchmark | ||
| What it tracks | MSCI Emerging Markets Index | Gold |
| Cost and size | ||
| Expense ratio | 0.72% | 0.40% |
| Net assets, as of Oct 27, 2026 | $29.1bn | $135.8bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 37.2% | |
Side by side
EEM and GLD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EEM
EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 2026.
Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.
GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EEM or GLD?
- In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and GLD +2.5%.
- Which is cheaper, EEM or GLD?
- GLD is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's own filings.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, EEM against GLD, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-gld
ETFIQ. (Oct 28, 2026). EEM against GLD. Retrieved from https://etfiq.com/compare/any/eem-vs-gld
[EEM against GLD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eem-vs-gld)
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