Data as of Oct 28, 2026.

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IAU vs SCHB: Differences, Returns & Fees

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IAU is a commodity fund and SCHB an equity index fund, and over the year to Oct 28, 2026, SCHB returned +13.4% against +2.7%.

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Net assets: $60.1bn on Oct 28, 2026 for iShares Gold Trust, and $44.6bn on Aug 31, 2026 for Schwab U.S. Broad Market ETF.

At a glance
+2.7%
IAU total return, 1 year
+13.4%
SCHB total return, 1 year
0.25%
IAU expense ratio
0.03%
SCHB expense ratio

Pair scorecard

SCHB costs 0.22 points a year less; their one-year returns differ by 10.7 points.

IAU vs SCHB: Differences, Returns & Fees
MeasureIAUSCHB
Return
Total return, 1 year+2.7%+13.4%
Drawdown
Below its high24.6%, high on Jan 29, 2026
Benchmark
What it tracksGoldDow Jones U.S. Broad Stock Market Index
Cost and size
Expense ratio0.25%0.03%
Net assets, IAU as of Oct 28, 2026 and SCHB as of Aug 31, 2026$60.1bn$44.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight88%
Top ten holdings, share of the fund33.7%

Method

Side by side

IAU iShares Gold Trust SCHB Schwab U.S. Broad Market ETF
Where it sits Commodity ETF Stock ETF
What it is Holds gold Tracks an index of US broad market
Total return, 1 year +2.7% +13.4%
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% 0.03%
Holdings not counted 2372
Net assets, IAU as of Oct 28, 2026 and SCHB as of Aug 31, 2026 $60.1bn $44.6bn

IAU and SCHB 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.

SCHB

SCHB tracks an index of US broad market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,372 positions, with the top ten at 33.7%.

Questions people ask

Which returned more over the last year, IAU or SCHB?
In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and SCHB +13.4%.
Which is cheaper, IAU or SCHB?
SCHB is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, IAU against SCHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-schb

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