Which returned more over the last year, IAU or SPMO?

In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and SPMO +18.4%.

Which is cheaper, IAU or SPMO?

SPMO 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.

Data as of Oct 28, 2026.

Across categories

IAU vs SPMO: Differences, Returns & Fees

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IAU is a commodity fund and SPMO an equity index fund, and over the year to Oct 28, 2026, SPMO returned +18.4% against +2.7%.

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Net assets: $60.1bn on Oct 28, 2026 for iShares Gold Trust, and $22.3bn on Oct 27, 2026 for Invesco S&P 500 Momentum ETF.

IAU on its own →SPMO on its own →

At a glance

+2.7%

IAU total return, 1 year

+18.4%

SPMO total return, 1 year

0.25%

IAU expense ratio

0.13%

SPMO expense ratio

Pair scorecard

SPMO costs 0.12 points a year less; their one-year returns differ by 15.7 points; IAU is 2.7 times larger.

IAU vs SPMO: Differences, Returns & Fees
Measure	IAU	SPMO
Return
Measure	IAU	SPMO
Total return, 1 year	+2.7%	+18.4%
Drawdown
Measure	IAU	SPMO
Below its high	24.6%, high on Jan 29, 2026	10.2%, high on Jun 22, 2026
Benchmark
Measure	IAU	SPMO
What it tracks	Gold	S&P 500 Momentum Index
Cost and size
Measure	IAU	SPMO
Expense ratio	0.25%	0.13%
Net assets, as of Oct 27, 2026	$60.3bn	$22.3bn
Holdings
Measure	IAU	SPMO
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		50.7%

Method

Side by side

IAU iShares Gold Trust SPMO Invesco S&P 500 Momentum ETF

Where it sits Commodity ETF Stock ETF

Issuer iShares Invesco

What it is Holds gold Tracks the S&P 500 Momentum

Total return, 1 year +2.7% +18.4%

Its benchmark over the same days +2.5% (GLD) +13.7% (VOO)

Gap to its benchmark +0.2 pts vs GLD +4.7 pts vs VOO

Expense ratio 0.25% 0.13%

Holdings not counted 101

Net assets, IAU as of Oct 28, 2026 and SPMO as of Oct 27, 2026 $60.1bn $22.3bn

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

Alert

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.

SPMO

SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IAU or SPMO?: In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and SPMO +18.4%.
Which is cheaper, IAU or SPMO?: SPMO 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

IAU vs USMV IAU vs RDVY CGGR vs IAU IAU vs SPHQ SLV vs SPMO GLD vs SPMO SIVR vs SPMO SPMO vs USO

Where to next

IAU on its own →SPMO on its own →Hold both: look the portfolio through →Rankings →SPMO dividend history →SPMO holdings →Standards and sources →

Sources and dates

iShares page for IAU ↗

SPMO filings on SEC EDGAR ↗

SPMO prospectus with the expense ratio (SEC) ↗

Invesco page for SPMO ↗

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

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ETFIQ, IAU against SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-spmo

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