Data as of Nov 4, 2026.

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GLD vs RSBA: Differences, Returns & Fees

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Over the year to Nov 4, 2026, GLD returned +2.8% to RSBA's −0.7%, and GLD charges 0.40% to RSBA's 1.01%.

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Net assets: $131.3bn on Nov 3, 2026 for SPDR Gold Shares, and $53m on Jul 31, 2026 for Return Stacked Bonds & Merger Arbitrage ETF.

At a glance
+2.8%
GLD total return, 1 year
−0.7%
RSBA total return, 1 year
0.40%
GLD expense ratio
1.01%
RSBA expense ratio

Pair scorecard

GLD costs 0.61 points a year less; their one-year returns differ by 3.5 points.

GLD vs RSBA: Differences, Returns & Fees
MeasureGLDRSBA
Return
Total return, 1 year+2.8%−0.7%
Total return, 52 weeks−0.3%
Drawdown
Below its high24.9%, high on Jan 29, 2026
Against its benchmark
What it tracksGoldnot published
Treasury bills, 52 weeks+3.7%
Against cash3.9 points behind
Cost and size
Expense ratio0.40%1.01%
Net assets, GLD as of Nov 3, 2026 and RSBA as of Jul 31, 2026$131.3bn$53m
Holdings
Holdings in commonnot published
Risk
Correlation with the S&P 500’s weekly returns+0.31
Beta to the S&P 500+0.11: about 0.11% for each 1%
Its average week when the S&P 500 fellfell 0.14%
Down-week capture13.5%
Weeks the S&P 500 fell26 of 52, by 1.07% on average

Method

Side by side

GLD SPDR Gold Shares RSBA Return Stacked Bonds & Merger Arbitrage ETF
Where it sits Commodity ETF Alternatives ETF
What it is Holds gold Event driven
Total return, 1 year +2.8% −0.7%
Its benchmark over the same days +2.9% (IAU) −0.2% (SPTB)
Gap to its benchmark −0.1 pts vs IAU −0.5 pts vs SPTB
Expense ratio 0.40% 1.01%
Net assets, GLD as of Nov 3, 2026 and RSBA as of Jul 31, 2026 $131.3bn $53m

GLD and RSBA on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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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 Nov 4, 2026 it returned +2.8% with distributions reinvested, against +2.9% for its benchmark, the price of gold. It sat 24.9% below its high of Jan 29, 2026 on Nov 4, 2026.

RSBA

RSBA is an event driven fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.31 with the S&P 500’s and a beta of +0.11, so for each 1% the index moved it moved about 0.11% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks RSBA fell 0.14% on average, a down-week capture of 13.5%. Over the same 52 weeks RSBA returned −0.3% and a Treasury bill fund +3.7%, so it finished 3.9 percentage points behind cash.

Questions people ask

Are GLD and RSBA in the same category?
GLD is a commodity ETF and RSBA is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, GLD or RSBA?
In the year to Nov 4, 2026, with distributions reinvested, GLD returned +2.8% and RSBA −0.7%.
Which is cheaper, GLD or RSBA?
GLD is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, GLD against RSBA, data as of Nov 4, 2026. https://etfiq.com/compare/any/gld-vs-rsba

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