Data as of Oct 28, 2026.

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IAU vs IWF: Differences, Returns & Fees

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IAU is a commodity fund and IWF an equity index fund, and over the year to Oct 28, 2026, IAU returned +2.7% against +0.9%.

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Net assets: $60.1bn on Oct 28, 2026 for iShares Gold Trust, and $124.7bn on Oct 27, 2026 for iShares Russell 1000 Growth ETF.

At a glance
+2.7%
IAU total return, 1 year
+0.9%
IWF total return, 1 year
0.25%
IAU expense ratio
0.18%
IWF expense ratio

Pair scorecard

IWF costs 0.07 points a year less; their one-year returns differ by 1.8 points; IWF is 2.1 times larger.

IAU vs IWF: Differences, Returns & Fees
MeasureIAUIWF
Return
Total return, 1 year+2.7%+0.9%
Drawdown
Below its high24.6%, high on Jan 29, 20264.8%, high on Oct 6, 2026
Benchmark
What it tracksGoldRussell 1000 Growth Index
Cost and size
Expense ratio0.25%0.18%
Net assets, as of Oct 27, 2026$60.3bn$124.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund57.5%

Method

Side by side

IAU iShares Gold Trust IWF iShares Russell 1000 Growth ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks the Russell 1000 growth
Total return, 1 year +2.7% +0.9%
Its benchmark over the same days +2.5% (GLD) +1.1% (VONG)
Gap to its benchmark +0.2 pts vs GLD −0.2 pts vs VONG
Expense ratio 0.25% 0.18%
Holdings not counted 374
Net assets, IAU as of Oct 28, 2026 and IWF as of Oct 27, 2026 $60.1bn $124.7bn

IAU and IWF 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.

IWF

IWF tracks the Russell 1000 growth. Over the year to Oct 28, 2026 it returned +0.9% with distributions reinvested, against +1.1% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 374 positions, with the top ten at 57.5%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IAU or IWF?
In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and IWF +0.9%.
Which is cheaper, IAU or IWF?
IWF is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, IAU against IWF, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-iwf

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