Data as of Oct 28, 2026.
GLD vs IWC: Differences, Returns & Fees
GLD is a commodity fund and IWC an equity index fund, and over the year to Oct 28, 2026, IWC returned +16.5% against +2.5%.
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askIQ about GLD and IWCNet assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $1.2bn for iShares Micro-Cap ETF.
Pair scorecard
GLD costs 0.20 points a year less; their one-year returns differ by 14.0 points; GLD is far larger, $135.8bn against $1.2bn.
| Measure | GLD | IWC |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.5% | +16.5% |
| Drawdown | ||
| Below its high | 24.7%, high on Jan 29, 2026 | 9.5%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Gold | Russell Microcap Index |
| Cost and size | ||
| Expense ratio | 0.40% | 0.60% |
| Net assets, as of Oct 27, 2026 | $135.8bn | $1.2bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 92% | |
| Top ten holdings, share of the fund | 5.9% | |
Side by side
GLD and IWC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, GLD or IWC?
- In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and IWC +16.5%.
- Which is cheaper, GLD or IWC?
- GLD is cheaper, by 0.20 percentage points a year. That is about $20 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, GLD against IWC, data as of Oct 28, 2026. https://etfiq.com/compare/any/gld-vs-iwc
ETFIQ. (Oct 28, 2026). GLD against IWC. Retrieved from https://etfiq.com/compare/any/gld-vs-iwc
[GLD against IWC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gld-vs-iwc)
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