Top Gold ETFs

The Gold price

Gold is seen as a safe haven by many investors. Especially in financial turmoil, it has shown to stabilise equity/bond portfolios.

An investment in gold is easily done with listed products, like ETFs. These investment products track the spot gold price closely, after taking management fees into account. The advantage of exchange-traded Gold products is the minimal bid-ask spread compared to a direct trade in gold bullion. It is mainly due to the large 12.5kg bullion that are held and traded at fund level. Currently, Gold is tracked by 12 ETFs.

Besides exchange-traded products on Gold in US dollar, there are also currency hedged products in Euro, British Pounds or Swiss Francs available. These products are also considered in our comparison.

0.23% p.a. - 0.47% p.a.

annual total expense ratio

12 ETFs

track Gold

-0.99%

return in CHF in 2018 per 31/03/18

Cost of Gold ETFs

The total expense ratio (TER) of Gold ETFs is between 0.23% p.a. and 0.47% p.a.. These costs contain insurance premium, storage costs and additional management fees for the product.

The best Gold ETF by 1-year fund return as of 31/03/18

1	ZKB Gold ETF A (GBP)	1.66%
2	ZKB Gold ETF A (EUR)	1.42%
3	UBS ETF (CH) Gold (USD) A-dis	1.39%

All Gold ETFs ranked by fund return

The largest Gold ETF by fund size in CHF

1	Source Gold P-ETC A	4,906 m
2	ZKB Gold ETF A (CHF)	2,646 m
3	UBS ETF (CH) Gold (USD) A-dis	1,486 m

All Gold ETFs ranked by fund size

The cheapest Gold ETF by total expense ratio

1	UBS ETF (CH) Gold (USD) A-dis	0.23% p.a.
2	Source Gold P-ETC A	0.29% p.a.
3	iShares Gold (CH)	0.30% p.a.

All Gold ETFs ranked by total expense ratio

[Gold] performance

1 month: 0.65%

1 year: -1.39%

3 years: 9.97%

5 years: -6.18%

Gold ETFs in comparison

The most important factors at a glance

Besides return, there are further important factors to consider when selecting a Gold ETF. In order to provide a sound decision basis, you find a list of all Gold ETFs with details on size, cost, age, currency hedge, instrument type and collateral ranked by fund size.

Compare all Gold ETFs in detail
Compare all Gold ETFs in a chart

Provider ISIN	Fund size in m CHF	TER in %	Currency hedge	Instrument type	Replication method
Source Gold P-ETC AIE00B579F325	4,906	0.29% p.a.	-	ETC	Physically backed
ZKB Gold ETF A (CHF)CH0139101593	2,646	0.40% p.a.	-	ETF	Physically backed
UBS ETF (CH) Gold (USD) A-disCH0106027193	1,486	0.23% p.a.	-	ETF	Physically backed
ZKB Gold ETF A (USD)CH0047533549	1,398	0.42% p.a.	-	ETF	Physically backed
ZKB Gold ETF A (EUR)CH0047533523	709	0.40% p.a.	-	ETF	Physically backed
Julius Baer Precious Metals Physical Gold Fund ACH0044781141	659	0.40% p.a.	-	ETF	Full replication
iShares Gold (CH)CH0104136236	404	0.30% p.a.	-	ETF	Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0044781257	152	0.33% p.a.	-	ETF	Full replication
Raiffeisen ETF Solid Gold Ounces A-CHFCH0134034849	92	0.47% p.a.	-	ETF	Full replication
Raiffeisen ETF Solid Gold Ounces A-USDCH0221616417	20	0.42% p.a.	-	ETF	Full replication
ZKB Gold ETF A (GBP)CH0104493298	14	0.40% p.a.	-	ETF	Physically backed
Raiffeisen ETF Solid Gold A-USDCH0134034930	14	0.46% p.a.	-	ETF	Full replication

Source: justETF.com; As of 23/04/18

Find the best Gold ETF

Return comparison of all Gold ETFs

The table shows the returns of all Gold ETFs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best Gold ETF, you can also perform a chart comparison.

Cumulative
Calendar year

ETF/ETC	1 month in %	3 months in %	6 months in %	1 year in %	3 years in %
ZKB Gold ETF A (GBP)	1.92%	0.83%	2.02%	1.66%	9.03%
ZKB Gold ETF A (EUR)	1.82%	0.67%	1.74%	1.42%	8.23%
UBS ETF (CH) Gold (USD) A-dis	1.80%	-0.11%	1.53%	1.39%	8.89%
iShares Gold (CH)	1.79%	-0.03%	1.49%	1.32%	8.67%
ZKB Gold ETF A (CHF)	1.75%	0.65%	1.88%	1.31%	8.54%
Julius Baer Precious Metals Physical Gold Fund AX	1.79%	0.38%	1.47%	1.28%	8.54%
Raiffeisen ETF Solid Gold Ounces A-USD	1.79%	-0.04%	1.45%	1.22%	8.27%
Raiffeisen ETF Solid Gold A-USD	1.79%	-0.03%	1.45%	1.21%	8.21%
Julius Baer Precious Metals Physical Gold Fund A	1.79%	0.37%	1.43%	1.20%	8.28%
ZKB Gold ETF A (USD)	1.78%	0.36%	1.42%	1.19%	8.23%
Raiffeisen ETF Solid Gold Ounces A-CHF	1.61%	-0.22%	1.30%	1.10%	8.01%
Source Gold P-ETC A	1.08%	-2.09%	0.22%	0.09%	7.48%

ETF/ETC	2018 in %	2017 in %	2016 in %	2015 in %	2014 in %
ZKB Gold ETF A (GBP)	0.83%	7.00%	9.87%	-11.48%	10.97%
ZKB Gold ETF A (EUR)	0.67%	7.39%	9.87%	-12.17%	11.15%
ZKB Gold ETF A (CHF)	0.65%	7.58%	9.28%	-11.85%	11.34%
Julius Baer Precious Metals Physical Gold Fund AX	0.38%	7.54%	10.28%	-11.96%	10.95%
Julius Baer Precious Metals Physical Gold Fund A	0.37%	7.46%	10.20%	-12.04%	10.94%
ZKB Gold ETF A (USD)	0.36%	7.46%	10.18%	-12.07%	10.87%
iShares Gold (CH)	-0.03%	6.81%	11.38%	-11.26%	10.68%
Raiffeisen ETF Solid Gold A-USD	-0.03%	6.66%	12.07%	-12.47%	10.79%
Raiffeisen ETF Solid Gold Ounces A-USD	-0.04%	6.69%	12.07%	-12.44%	-
UBS ETF (CH) Gold (USD) A-dis	-0.11%	6.98%	12.30%	-11.87%	10.81%
Raiffeisen ETF Solid Gold Ounces A-CHF	-0.22%	7.00%	11.77%	-12.26%	10.75%
Source Gold P-ETC A	-0.99%	7.86%	12.24%	-11.93%	10.74%

Source: justETF.com; As of 31/03/18; Calculations in CHF including dividends

Gold ETFs With CHF Currency Hedge

Compare all Gold ETFs which are hedged to Swiss Francs

In order to provide a sound decision basis, you find a list of all Gold ETFs with details on size, cost, age, currency hedge, instrument type and collateral ranked by fund size.

0.23% p.a. - 0.46% p.a.

annual total expense ratio

7 ETFs

track Gold (CHF Hedged)

1.66%

return in CHF in 2018 per 31/03/18

Compare all Gold ETFs with CHF currency hedge in detail
Compare all Gold ETFs with CHF currency hedge in a chart

Provider ISIN	Fund size in m CHF	TER in %	Currency hedge	Instrument type	Replication method
UBS ETF (CH) Gold (CHF) hedged (CHF) A-disCH0106027128	1,116	0.23% p.a.	Yes (in CHF)	ETF	Physically backed
ZKB Gold ETF H (CHF)CH0139101601	1,052	0.40% p.a.	Yes (in CHF)	ETF	Physically backed
Julius Baer Precious Metals Physical Gold Fund A CHF HedgedCH0044781232	577	0.40% p.a.	Yes (in CHF)	ETF	Full replication
iShares Gold CHF Hedged (CH)CH0104136285	349	0.35% p.a.	Yes (in CHF)	ETF	Full replication
Raiffeisen ETF Solid Gold Ounces H-CHFCH0134034864	102	0.45% p.a.	Yes (in CHF)	ETF	Full replication
Julius Baer Precious Metals Physical Gold Fund AX CHF HedgedCH0044821731	51	0.40% p.a.	Yes (in CHF)	ETF	Full replication
Raiffeisen ETF Solid Gold H-CHF (hedged)CH0134034906	49	0.46% p.a.	Yes (in CHF)	ETF	Full replication

Source: justETF.com; As of 23/04/18

Cumulative
Calendar year

ETF/ETC	1 month in %	3 months in %	6 months in %	1 year in %	3 years in %
Julius Baer Precious Metals Physical Gold Fund AX CHF Hedged	0.13%	1.62%	1.45%	3.05%	2.06%
Julius Baer Precious Metals Physical Gold Fund A CHF Hedged	0.13%	1.60%	1.41%	2.97%	1.81%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis	0.15%	1.66%	1.33%	2.90%	2.38%
iShares Gold CHF Hedged (CH)	0.11%	1.20%	1.26%	2.88%	2.10%
ZKB Gold ETF H (CHF)	0.18%	1.50%	1.37%	2.81%	2.18%
Raiffeisen ETF Solid Gold Ounces H-CHF	0.14%	1.10%	1.09%	2.60%	1.16%
Raiffeisen ETF Solid Gold H-CHF (hedged)	0.14%	1.11%	1.09%	2.59%	1.13%

ETF/ETC	2018 in %	2017 in %	2016 in %	2015 in %	2014 in %
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis	1.66%	7.95%	6.28%	-13.83%	-1.05%
Julius Baer Precious Metals Physical Gold Fund AX CHF Hedged	1.62%	9.45%	4.83%	-14.96%	-1.18%
Julius Baer Precious Metals Physical Gold Fund A CHF Hedged	1.60%	9.36%	4.74%	-15.04%	-1.19%
ZKB Gold ETF H (CHF)	1.50%	8.40%	5.84%	-14.34%	-1.16%
iShares Gold CHF Hedged (CH)	1.20%	8.43%	6.10%	-14.46%	-1.37%
Raiffeisen ETF Solid Gold H-CHF (hedged)	1.11%	8.17%	5.83%	-15.06%	-1.16%
Raiffeisen ETF Solid Gold Ounces H-CHF	1.10%	8.20%	5.85%	-15.13%	-1.14%

Source: justETF.com; As of 31/03/18; Calculations in CHF including dividends

Gold ETFs With EUR Currency Hedge

Compare all Gold ETFs which are hedged to Euro

In order to provide a sound decision basis, you find a list of all Gold ETFs with details on size, cost, age, currency hedge, instrument type and collateral ranked by fund size.

0.23% p.a. - 0.40% p.a.

annual total expense ratio

5 ETFs

track Gold (EUR Hedged)

2.32%

return in CHF in 2018 per 31/03/18

Compare all Gold ETFs with EUR currency hedge in detail
Compare all Gold ETFs with EUR currency hedge in a chart

Provider ISIN	Fund size in m CHF	TER in %	Currency hedge	Instrument type	Replication method
Julius Baer Precious Metals Physical Gold Fund A EUR HedgedCH0044781174	363	0.40% p.a.	Yes (in EUR)	ETF	Full replication
ZKB Gold ETF H (EUR)CH0103326762	298	0.40% p.a.	Yes (in EUR)	ETF	Physically backed
UBS ETF (CH) Gold (EUR) hedged (EUR) A-disCH0106027144	189	0.23% p.a.	Yes (in EUR)	ETF	Physically backed
iShares Gold EUR Hedged (CH)CH0104136319	117	0.35% p.a.	Yes (in EUR)	ETF	Full replication
Julius Baer Precious Metals Physical Gold Fund AX EUR HedgedCH0044821699	48	0.40% p.a.	Yes (in EUR)	ETF	Full replication

Source: justETF.com; As of 23/04/18

Cumulative
Calendar year

ETF/ETC	1 month in %	3 months in %	6 months in %	1 year in %	3 years in %
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis	2.43%	2.40%	4.41%	13.89%	17.17%
Julius Baer Precious Metals Physical Gold Fund AX EUR Hedged	2.41%	2.34%	4.49%	13.87%	16.97%
iShares Gold EUR Hedged (CH)	2.42%	1.96%	4.35%	13.86%	17.25%
Julius Baer Precious Metals Physical Gold Fund A EUR Hedged	2.41%	2.32%	4.45%	13.79%	16.69%
ZKB Gold ETF H (EUR)	2.44%	2.42%	4.37%	13.61%	16.80%

ETF/ETC	2018 in %	2017 in %	2016 in %	2015 in %	2014 in %
ZKB Gold ETF H (EUR)	2.42%	18.37%	5.55%	-22.08%	-2.93%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis	2.40%	18.29%	6.10%	-21.62%	-2.85%
Julius Baer Precious Metals Physical Gold Fund AX EUR Hedged	2.34%	19.76%	4.61%	-21.95%	-2.93%
Julius Baer Precious Metals Physical Gold Fund A EUR Hedged	2.32%	19.66%	4.53%	-22.02%	-2.95%
iShares Gold EUR Hedged (CH)	1.96%	18.91%	5.74%	-21.57%	-3.16%

Source: justETF.com; As of 31/03/18; Calculations in CHF including dividends

Gold ETFs With GBP Currency Hedge

Compare all Gold ETFs which are hedged to British Pound

In order to provide a sound decision basis, you find a list of all Gold ETFs with details on size, cost, age, currency hedge, instrument type and collateral ranked by fund size.

0.40% p.a.

annual total expense ratio

3 ETFs

track Gold (GBP Hedged)

3.95%

return in CHF in 2018 per 31/03/18

Compare all Gold ETFs with GBP currency hedge in detail
Compare all Gold ETFs with GBP currency hedge in a chart

Provider ISIN	Fund size in m CHF	TER in %	Currency hedge	Instrument type	Replication method
Julius Baer Precious Metals Physical Gold Fund A GBP HedgedCH0103447766	34	0.40% p.a.	Yes (in GBP)	ETF	Full replication
ZKB Gold ETF H (GBP)CH0104493306	12	0.40% p.a.	Yes (in GBP)	ETF	Physically backed
Julius Baer Precious Metals Physical Gold Fund AX GBP HedgedCH0103447790	9	0.40% p.a.	Yes (in GBP)	ETF	Full replication

Source: justETF.com; As of 23/04/18

Cumulative
Calendar year

ETF/ETC	1 month in %	3 months in %	6 months in %	1 year in %	3 years in %
Julius Baer Precious Metals Physical Gold Fund AX GBP Hedged	3.58%	3.97%	5.74%	12.48%	1.38%
Julius Baer Precious Metals Physical Gold Fund A GBP Hedged	3.58%	3.95%	5.69%	12.39%	1.14%
ZKB Gold ETF H (GBP)	3.61%	4.05%	5.69%	12.17%	0.54%

ETF/ETC	2018 in %	2017 in %	2016 in %	2015 in %	2014 in %
ZKB Gold ETF H (GBP)	4.05%	15.37%	-8.14%	-16.53%	4.46%
Julius Baer Precious Metals Physical Gold Fund AX GBP Hedged	3.97%	16.70%	-8.51%	-16.23%	4.49%
Julius Baer Precious Metals Physical Gold Fund A GBP Hedged	3.95%	16.60%	-8.59%	-16.31%	4.48%

Source: justETF.com; As of 31/03/18; Calculations in CHF including dividends

Most popular ETFs
iShares SMI (CH)	CH0008899764	Equity	ETF	Profile	Index
UBS ETF (CH) SMI (CHF) A-dis	CH0017142719	Equity	ETF	Profile	Index
Xtrackers DAX UCITS ETF 1C	LU0274211480	Equity	ETF	Profile	Index
Lyxor EURO STOXX 50 (DR) UCITS ETF D-EUR	FR0007054358	Equity	ETF	Profile	Index
ZKB Gold ETF A (CHF)	CH0139101593	Precious Metals	ETF	Profile	Index