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GLD vs OUNZ: Differences, Returns & Fees

GLD and OUNZ are both commodity funds, and over the year they finished level, −1.3% against −1.2%. Net assets: $141.3bn on Oct 13, 2026 for SPDR Gold Shares, and $2.7bn on Oct 14, 2026 for VanEck Merk Gold ETF.

OUNZ costs 0.15 points a year less; their one-year returns differ by 0.1 points; GLD is far larger, $138.6bn against $2.7bn.

GLD vs OUNZ: Differences, Returns & Fees
GLDOUNZ
Expense ratio0.40%0.25%
Net assets$138.6bn$2.7bn
Total return, 1 year−1.3%−1.2%
What it tracksGoldGold
Holdings in commonnot published
Below its high24.2%, high on Jan 29, 202624.1%, high on Jan 29, 2026
−1.3%
GLD total return, 1 year
−1.2%
OUNZ total return, 1 year
0.40%
GLD expense ratio
0.25%
OUNZ expense ratio
Client brief · page 1 of 2Report BR-CDA4F51D3D

GLD and OUNZ are built for the same job. How do they differ in cost, holdings and results?

  1. Cost. GLD charges 0.40% of assets a year and OUNZ 0.25%, a gap of 0.15 points.
  2. Size. GLD has $138.6bn in net assets and OUNZ $2.7bn (Net assets); GLD is 51.3 times larger.
  3. What each follows (similar). Both follow Gold.

Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

GLD
SPDR Gold Shares
OUNZ
VanEck Merk Gold ETF
Where it sits Commodity ETF Commodity ETF
Issuer State Street VanEck
What it is Holds gold Holds gold
Total return, 1 year −1.3% −1.2%
Its benchmark over the same days −1.2% (IAU) −1.3% (GLD)
Gap to its benchmark 0.0 pts vs IAU 0.0 pts vs GLD
Expense ratio 0.40% 0.25%
Net assets, GLD as of Oct 13, 2026 and OUNZ as of Oct 14, 2026 $141.3bn $2.7bn

GLD and OUNZ on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About GLD

GLD holds gold. Over the year to Oct 14, 2026 it returned −1.3% with distributions reinvested, against −1.2% for its benchmark, the price of gold. It sat 24.2% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

About OUNZ

OUNZ holds gold. Over the year to Oct 14, 2026 it returned −1.2% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.1% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.25% a year, for the three months to Jul 31, 2026, as its 10-Q states.

Questions people ask

Which returned more over the last year, GLD or OUNZ?
In the year to Oct 14, 2026, with distributions reinvested, GLD returned −1.3% and OUNZ −1.2%.
Which is cheaper, GLD or OUNZ?
OUNZ is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
AAAU vs GLDGLD vs USOBAR vs GLDGLD vs IAUMIAU vs OUNZGLDM vs OUNZOUNZ vs SGOLAAAU vs OUNZ
GLD on its own →OUNZ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
State Street website ↗OUNZ filings on SEC EDGAR ↗VanEck page for OUNZ ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

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ETFIQ, GLD against OUNZ, data as of Oct 14, 2026. https://etfiq.com/compare/any/gld-vs-ounz

Open data

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