Data as of Oct 28, 2026.

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IAU vs IYE: Differences, Returns & Fees

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IAU is a commodity fund and IYE an equity index fund, and over the year to Oct 28, 2026, IYE returned +58.8% against +2.7%.

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Net assets on Oct 28, 2026: $60.1bn for iShares Gold Trust and $1.8bn for iShares U.S. Energy ETF.

At a glance
+2.7%
IAU total return, 1 year
+58.8%
IYE total return, 1 year
0.25%
IAU expense ratio
0.37%
IYE expense ratio

Pair scorecard

IAU costs 0.12 points a year less; their one-year returns differ by 56.1 points; IAU is far larger, $60.1bn against $1.8bn.

IAU vs IYE: Differences, Returns & Fees
MeasureIAUIYE
Return
Total return, 1 year+2.7%+58.8%
Drawdown
Below its high24.6%, high on Jan 29, 2026
Benchmark
What it tracksGoldRussell 1000 Energy RIC 22
Cost and size
Expense ratio0.25%0.37%
Net assets$60.1bn$1.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight67%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund71.5%

Method

Side by side

IAU iShares Gold Trust IYE iShares U.S. Energy ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks an index of U.S. Energy
Total return, 1 year +2.7% +58.8%
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% 0.37%
Holdings not counted 41
Net assets $60.1bn $1.8bn

IAU and IYE 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.

IYE

IYE tracks an index of U.S. Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 67% of the fund by weight is stocks the S&P 500 also holds, across 41 positions, with the top ten at 71.5%.

Questions people ask

Which returned more over the last year, IAU or IYE?
In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and IYE +58.8%.
Which is cheaper, IAU or IYE?
IAU is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, IAU against IYE, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-iye

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