GLD vs VWO

Comparison between SPDR Gold Shares ETF (GLD, ETF) and VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF).

5-Year PerformanceGLD has outperformed VWO, delivering a return of +20.4% compared to +5.8%

GLD vs VWO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GLD(ETF)	VWO(ETF)
Net Assets	$155B	$146B
Expense Ratio	0.40%	0.06%
Max Drawdown	45.56%	68.28%
Sharpe Ratio	1.24	1.80
5Y Beta	0.18	0.70
5Y Dividends CAGR	N/A	16.14%

Net Assets

Winner

GLD

$155B

VWO

$146B

Expense Ratio

GLD

0.40%

Winner

VWO

0.06%

Max Drawdown

Winner

GLD

45.56%

VWO

68.28%

Sharpe Ratio

GLD

1.24

Winner

VWO

1.80

5Y Beta

Winner

GLD

0.18

VWO

0.70

5Y Dividends CAGR

GLD

N/A

VWO

16.14%

GLD vs VWO - Historical Returns

Returns include dividend reinvestment.

Period	GLD	VWO
1 month	-0.17%	+7.15%
3 months	-7.12%	+4.83%
6 months	+17.77%	+13.16%
1 year	+42.39%	+35.49%
5 years(CAGR)	+20.37%	+5.83%
10 years(CAGR)	+13.66%	+9.42%
Max(CAGR)	+11.20%	+7.04%

GLD

-0.17%

Winner

VWO

+7.15%

GLD

-7.12%

Winner

VWO

+4.83%

Winner

GLD

+17.77%

VWO

+13.16%

Winner

GLD

+42.39%

VWO

+35.49%

5Y(CAGR)

Winner

GLD

+20.37%

VWO

+5.83%

10Y(CAGR)

Winner

GLD

+13.66%

VWO

+9.42%

Max(CAGR)

Winner

GLD

+11.20%

VWO

+7.04%

GLD vs VWO - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	GLD	VWO
2026	+8.91%	+10.21%
2025	+61.48%	+25.92%
2024	+26.96%	+11.89%
2023	+11.76%	+8.10%
2022	+0.78%	-18.57%
2021	-6.24%	+0.83%
2020	+23.90%	+12.51%
2019	+17.78%	+20.22%
2018	-3.12%	-16.21%
2017	+11.93%	+30.06%
2016	+6.53%	+15.49%
2015	-11.06%	-14.83%
2014	-3.75%	+3.56%
2013	-28.83%	-6.87%
2012	+3.91%	+15.81%
2011	+10.14%	-19.55%
2010	+26.34%	+15.52%
2009	+24.45%	+67.34%
2008	+1.96%	-52.35%
2007	+32.40%	+36.37%
2006	+18.99%	+25.21%
2005	+19.90%	+23.53%
2004	-1.31%	N/A

GLD vs VWO Drawdown Comparison

The maximum drawdown for GLD was -45.56%, occurring on Dec 17, 2015. Recovery took 2248 trading sessions.

The maximum drawdown for VWO was -67.69%, occurring on Nov 20, 2008. Recovery took 2482 trading sessions.

The current GLD drawdown is -12.53%. The current VWO drawdown is -0.35%.

Rank	GLD	VWO
#1	-45.56% Aug 22, 2011 - Jul 29, 2020	-67.69% Oct 31, 2007 - Sep 11, 2017
#2	-29.41% Mar 17, 2008 - Sep 16, 2009	-36.39% Jan 26, 2018 - Nov 16, 2020
#3	-22.00% Aug 6, 2020 - Mar 4, 2024	-34.30% Feb 17, 2021 - Jun 26, 2025
#4	-21.79% May 12, 2006 - Sep 18, 2007	-25.99% May 9, 2006 - Dec 4, 2006
#5	-19.21% Jan 29, 2026 - Mar 26, 2026	-18.05% Jul 23, 2007 - Sep 21, 2007
#6	-12.70% Dec 2, 2009 - May 11, 2010	-11.61% Feb 22, 2007 - Apr 3, 2007
#7	-10.13% Oct 20, 2025 - Dec 22, 2025	-11.17% Feb 25, 2026 - Apr 17, 2026
#8	-9.52% Dec 3, 2004 - Sep 16, 2005	-11.00% Sep 30, 2005 - Nov 18, 2005
#9	-8.12% Oct 30, 2024 - Jan 30, 2025	-9.79% Mar 10, 2005 - Jul 11, 2005
#10	-8.04% Dec 6, 2010 - Mar 1, 2011	-6.63% Feb 1, 2006 - Apr 3, 2006
#11	-7.59% Jun 18, 2010 - Sep 14, 2010	-5.39% Jan 3, 2007 - Jan 24, 2007
#12	-7.11% Apr 21, 2025 - Jun 13, 2025	-4.98% Jan 21, 2021 - Feb 5, 2021
#13	-6.70% Dec 12, 2005 - Jan 3, 2006	-4.95% Oct 18, 2007 - Oct 26, 2007
#14	-6.08% Nov 7, 2007 - Dec 28, 2007	-4.84% Oct 29, 2025 - Jan 2, 2026
#15	-5.84% Apr 29, 2011 - Jul 12, 2011	-4.81% Aug 11, 2005 - Sep 6, 2005