Which returned more over the last year, GLD or MTUM?

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and MTUM +18.4%.

Which is cheaper, GLD or MTUM?

MTUM is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GLD vs MTUM: Differences, Returns & Fees

Share on X Download as PDF

GLD is a commodity fund and MTUM an equity index fund, and over the year to Oct 28, 2026, MTUM returned +18.4% against +2.5%.

askIQ about this page

askIQ about GLD and MTUM

Net assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $18.7bn for iShares MSCI USA Momentum Factor ETF.

GLD on its own →MTUM on its own →

At a glance

+2.5%

GLD total return, 1 year

+18.4%

MTUM total return, 1 year

0.40%

GLD expense ratio

0.15%

MTUM expense ratio

Pair scorecard

MTUM costs 0.25 points a year less; their one-year returns differ by 15.9 points; GLD is 7.3 times larger.

GLD vs MTUM: Differences, Returns & Fees
Measure	GLD	MTUM
Return
Measure	GLD	MTUM
Total return, 1 year	+2.5%	+18.4%
Drawdown
Measure	GLD	MTUM
Below its high	24.7%, high on Jan 29, 2026	11.9%, high on Jun 22, 2026
Benchmark
Measure	GLD	MTUM
What it tracks	Gold	MSCI USA Momentum SR Variant Index
Cost and size
Measure	GLD	MTUM
Expense ratio	0.40%	0.15%
Net assets, as of Oct 27, 2026	$135.8bn	$18.7bn
Holdings
Measure	GLD	MTUM
Holdings in common	not published
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		35.5%

Method

Side by side

GLD SPDR Gold Shares MTUM iShares MSCI USA Momentum Factor ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street iShares

What it is Holds gold Tracks the MSCI USA Momentum Factor

Total return, 1 year +2.5% +18.4%

Its benchmark over the same days +2.7% (IAU) +13.6% (MLRG)

Gap to its benchmark −0.2 pts vs IAU +4.8 pts vs MLRG

Expense ratio 0.40% 0.15%

Holdings not counted 126

Net assets, as of Oct 27, 2026 $135.8bn $18.7bn

GLD and MTUM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

GLD

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.

MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLD or MTUM?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and MTUM +18.4%.
Which is cheaper, GLD or MTUM?: MTUM is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs SPHQ GLD vs SPMO GLD vs USMV GLD vs RDVY IAU vs MTUM GLDM vs MTUM MTUM vs SLV MTUM vs SIVR

Where to next

GLD on its own →MTUM on its own →Hold both: look the portfolio through →Rankings →MTUM dividend history →MTUM holdings →Standards and sources →

Sources and dates

State Street website ↗

MTUM filings on SEC EDGAR ↗

MTUM prospectus with the expense ratio (SEC) ↗

iShares page for MTUM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, GLD against MTUM, data as of Oct 28, 2026. https://etfiq.com/compare/any/gld-vs-mtum

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.