Data as of Oct 28, 2026.

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IAU vs IEI: Differences, Returns & Fees

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IAU is a commodity fund and IEI a bond index fund, and over the year to Oct 28, 2026, IAU returned +2.7% against −1.1%.

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Net assets: $60.1bn on Oct 28, 2026 for iShares Gold Trust, and $17.0bn on Oct 27, 2026 for iShares 3-7 Year Treasury Bond ETF.

At a glance
+2.7%
IAU total return, 1 year
−1.1%
IEI total return, 1 year
0.25%
IAU expense ratio
0.15%
IEI expense ratio

Pair scorecard

IEI costs 0.10 points a year less; their one-year returns differ by 3.8 points; IAU is 3.5 times larger.

IAU vs IEI: Differences, Returns & Fees
MeasureIAUIEI
Return
Total return, 1 year+2.7%−1.1%
Drawdown
Below its high24.6%, high on Jan 29, 2026
Benchmark
What it tracksGoldICE U.S. Treasury 3-7 Year Bond Index
Cost and size
Expense ratio0.25%0.15%
Net assets, as of Oct 27, 2026$60.3bn$17.0bn
Holdings
Holdings in commonnot published

Method

Side by side

IAU iShares Gold Trust IEI iShares 3-7 Year Treasury Bond ETF
Where it sits Commodity ETF Bond ETF
What it is Holds gold Tracks an index of 3-7 Year Treasury Bond
Total return, 1 year +2.7% −1.1%
Its benchmark over the same days +2.5% (GLD) not measured
Gap to its benchmark +0.2 pts vs GLD not measured
Expense ratio 0.25% 0.15%
Holdings not counted 82
Net assets, IAU as of Oct 28, 2026 and IEI as of Oct 27, 2026 $60.1bn $17.0bn

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

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About each fund
IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

IEI

IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, IAU or IEI?
In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and IEI −1.1%.
Which is cheaper, IAU or IEI?
IEI 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.
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ETFIQ, IAU against IEI, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-iei

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