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

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and NOBL +15.5%.

Which is cheaper, GLD or NOBL?

NOBL is cheaper, by 0.05 percentage points a year. That is about $5 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 NOBL: Differences, Returns & Fees

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GLD is a commodity fund and NOBL an equity index fund, and over the year to Oct 28, 2026, NOBL returned +15.5% against +2.5%.

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Net assets: $135.8bn on Oct 27, 2026 for SPDR Gold Shares, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.

GLD on its own →NOBL on its own →

At a glance

+2.5%

GLD total return, 1 year

+15.5%

NOBL total return, 1 year

0.40%

GLD expense ratio

0.35%

NOBL expense ratio

Pair scorecard

NOBL costs 0.05 points a year less; their one-year returns differ by 13.0 points; GLD is 11.6 times larger.

GLD vs NOBL: Differences, Returns & Fees
Measure	GLD	NOBL
Return
Measure	GLD	NOBL
Total return, 1 year	+2.5%	+15.5%
Drawdown
Measure	GLD	NOBL
Below its high	24.7%, high on Jan 29, 2026
Benchmark
Measure	GLD	NOBL
What it tracks	Gold	S&P 500 Dividend Aristocrats Index
Cost and size
Measure	GLD	NOBL
Expense ratio	0.40%	0.35%
Net assets, as of Oct 27, 2026	$135.8bn	$11.7bn
Holdings
Measure	GLD	NOBL
Holdings in common	not published
In the S&P 500, by weight		98%
Top ten holdings, share of the fund		17.0%

Method

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns

GLD NOBL

Return

Total return edge NOBL +189.0% +264.8%

Annualized edge NOBL +8.5% +10.4%

Price return edge GLD (slight) +189.0% +179.1%

Risk

Volatility edge Tie 15.3% 15.4%

Max drawdown edge GLD −24.2% −31.7%

Risk-adjusted

Sharpe edge NOBL 0.48 0.59

Sortino edge NOBL 0.72 0.84

Calmar edge GLD (slight) 0.35 0.33

Reading

NOBL returned more: +264.8% to +189.0%. GLD and NOBL swung about the same: 15.3% and 15.4%. GLD fell less at its worst: −24.2% to −31.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GLD vs NOBL: Differences, Returns & Fees
Measure	GLD	NOBL	Edge	How it is measured
Return
Total return	+189.0%	+264.8%	NOBL	Price change plus distributions, reinvested.
Annualized	+8.5%	+10.4%	NOBL	Total return as a yearly rate.
Price return	+189.0%	+179.1%	GLD (slight)	Price change alone, distributions left out.
Risk
Volatility	15.3%	15.4%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.3%	10.8%	GLD (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.2%	−31.7%	GLD	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.48	0.59	NOBL	Return above Treasury bills per unit of volatility.
Sortino	0.72	0.84	NOBL	Return above Treasury bills per unit of downside deviation.
Calmar	0.35	0.33	GLD (slight)	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 679 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

GLD SPDR Gold Shares NOBL ProShares S&P 500 Dividend Aristocrats ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street ProShares

What it is Holds gold Tracks the S&P 500 Dividend Aristocrats

Total return, 1 year +2.5% +15.5%

Its benchmark over the same days +2.7% (IAU) not measured

Gap to its benchmark −0.2 pts vs IAU not measured

Expense ratio 0.40% 0.35%

Holdings not counted 69

Net assets, GLD as of Oct 27, 2026 and NOBL as of Oct 28, 2026 $135.8bn $11.6bn

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

Client brief · page 1 of 2 Report BR-8B6AD05B84

GLD and NOBL do different jobs. What does each one do in a portfolio?

What each follows. GLD follows Gold and NOBL follows S&P 500 Dividend Aristocrats Index.
One-year total return. Over 1 year to Oct 28, 2026 GLD returned +2.5% and NOBL +15.5% with distributions reinvested, a gap of 13.0 points.
Size. GLD has $135.8bn in net assets and NOBL $11.7bn (net assets, as of Oct 27, 2026); GLD is 11.6 times larger.

Data as of Oct 28, 2026.

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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.

NOBL

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.

Questions people ask

Which returned more over the last year, GLD or NOBL?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and NOBL +15.5%.
Which is cheaper, GLD or NOBL?: NOBL is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs RSP GLD vs SDY GLD vs VOE COWZ vs GLD IAU vs NOBL GLDM vs NOBL NOBL vs SLV NOBL vs SIVR

Where to next

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

Sources and dates

State Street website ↗

NOBL filings on SEC EDGAR ↗

NOBL prospectus with the expense ratio (SEC) ↗

ProShares page for NOBL ↗

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

Cite this pageCitation, APA and Markdown

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

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