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Data as of Oct 28, 2026.

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GLDM vs IWB: Differences, Returns & Fees

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GLDM is a commodity fund and IWB an equity index fund, and over the year to Oct 28, 2026, IWB returned +13.1% against +2.8%.

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Net assets: $30.6bn on Oct 27, 2026 for SPDR Gold MiniShares Trust, and $49.1bn on Oct 28, 2026 for iShares Russell 1000 ETF.

GLDM on its own →IWB on its own →
At a glance
+2.8%
GLDM total return, 1 year
+13.1%
IWB total return, 1 year
0.10%
GLDM expense ratio
0.15%
IWB expense ratio

Pair scorecard

GLDM costs 0.05 points a year less; their one-year returns differ by 10.3 points; IWB is 1.6 times larger.

GLDM vs IWB: Differences, Returns & Fees
MeasureGLDMIWB
Return
Total return, 1 year+2.8%+13.1%
Drawdown
Below its high24.5%, high on Jan 29, 2026
Benchmark
What it tracksGoldRussell 1000 Index
Cost and size
Expense ratio0.10%0.15%
Net assets, as of Oct 26, 2026$30.4bn$48.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight92%
Top ten holdings, share of the fund35.3%

Method

Side by side

GLDM SPDR Gold MiniShares Trust IWB iShares Russell 1000 ETF
Where it sits Commodity ETF Stock ETF
Issuer State Street iShares
What it is Holds gold Tracks the Russell 1000
Total return, 1 year +2.8% +13.1%
Its benchmark over the same days +2.5% (GLD) +13.2% (VONE)
Gap to its benchmark +0.3 pts vs GLD −0.1 pts vs VONE
Expense ratio 0.10% 0.15%
Holdings not counted 1025
Net assets, GLDM as of Oct 27, 2026 and IWB as of Oct 28, 2026 $30.6bn $49.1bn

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

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About each fund
GLDM

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.

IWB

IWB tracks the Russell 1000. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.2% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 35.3%.

Questions people ask

Which returned more over the last year, GLDM or IWB?
In the year to Oct 28, 2026, with distributions reinvested, GLDM returned +2.8% and IWB +13.1%.
Which is cheaper, GLDM or IWB?
GLDM 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
GLDM vs RDVYGLDM vs USMVGLDM vs GRNYGLDM vs IVVIWB vs USOIWB vs SLVIAU vs IWBIWB vs SIVR
Where to next
GLDM on its own →IWB on its own →Hold both: look the portfolio through →Rankings →IWB dividend history →IWB holdings →Standards and sources →
Sources and dates
State Street website ↗
IWB filings on SEC EDGAR ↗
IWB prospectus with the expense ratio (SEC) ↗
iShares page for IWB ↗

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

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ETFIQ, GLDM against IWB, data as of Oct 28, 2026. https://etfiq.com/compare/any/gldm-vs-iwb

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