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

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and SPHD +11.0%.

Which is cheaper, GLD or SPHD?

SPHD is cheaper, by 0.10 percentage points a year. That is about $10 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 SPHD: Differences, Returns & Fees

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GLD is a commodity fund and SPHD an equity index fund, and over the year to Oct 28, 2026, SPHD returned +11.0% against +2.5%.

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Net assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $3.3bn for Invesco S&P 500 High Dividend Low Volatility ETF.

GLD on its own →SPHD on its own →

At a glance

+2.5%

GLD total return, 1 year

+11.0%

SPHD total return, 1 year

0.40%

GLD expense ratio

0.30%

SPHD expense ratio

Pair scorecard

SPHD costs 0.10 points a year less; their one-year returns differ by 8.5 points; GLD is far larger, $135.8bn against $3.3bn.

GLD vs SPHD: Differences, Returns & Fees
Measure	GLD	SPHD
Return
Measure	GLD	SPHD
Total return, 1 year	+2.5%	+11.0%
Drawdown
Measure	GLD	SPHD
Below its high	24.7%, high on Jan 29, 2026	4.2%, high on Aug 24, 2026
Benchmark
Measure	GLD	SPHD
What it tracks	Gold	S&P 500 Low Volatility High Dividend Index
Cost and size
Measure	GLD	SPHD
Expense ratio	0.40%	0.30%
Net assets, as of Oct 27, 2026	$135.8bn	$3.3bn
Holdings
Measure	GLD	SPHD
Holdings in common	not published
In the S&P 500, by weight		95%
Top ten holdings, share of the fund		28.2%

Method

Side by side

GLD SPDR Gold Shares SPHD Invesco S&P 500 High Dividend Low Volatility ETF

Where it sits Commodity ETF Stock ETF

Issuer State Street Invesco

What it is Holds gold Tracks the S&P 500 High Dividend Low Volatility

Total return, 1 year +2.5% +11.0%

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% 0.30%

Holdings not counted 59

Net assets, as of Oct 27, 2026 $135.8bn $3.3bn

GLD and SPHD 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.

SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GLD or SPHD?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and SPHD +11.0%.
Which is cheaper, GLD or SPHD?: SPHD is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs SPYD GLD vs SCHD GLD vs VLUE GLD vs PVAL IAU vs SPHD GLDM vs SPHD SLV vs SPHD SIVR vs SPHD

Where to next

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

Sources and dates

State Street website ↗

SPHD filings on SEC EDGAR ↗

SPHD prospectus with the expense ratio (SEC) ↗

Invesco page for SPHD ↗

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

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

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