IAU vs. AAAU: Which Physical Gold ETF Is the Better Buy for Investors?

The iShares Gold Trust (IAU) and Goldman Sachs Physical Gold ETF (AAAU) offer nearly identical exposure to physical gold bullion with comparable performance. AAAU has a lower expense ratio of 0.18% versus IAU's 0.25%, while IAU offers significantly larger assets under management ($67.5 billion vs. $2.9 billion), providing better liquidity and scale for investors.