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. - 0.51% p.a.
annual total expense ratio
track Gold
2.08%
return in CHF in 2017 per 31/01/17
Gold ETFs

Cost of Gold ETFs

The total expense ratio (TER) of Gold ETFs is between 0.23% p.a. and 0.51% 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 31/01/17

All Gold ETFs ranked by fund return

 

The largest Gold ETF by fund size in CHF

All Gold ETFs ranked by fund size

 

The cheapest Gold ETF by total expense ratio

All Gold ETFs ranked by total expense ratio

 

[Gold] performance

1 month: 2.64%
1 year: 4.31%
3 years: 5.17%
5 years: -22.75%
 

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 3,435 0.29% p.a. - ETC Physically backed
ZKB Gold ETF A (CHF)CH0139101593 2,618 0.40% p.a. - ETF Full replication
ZKB Gold ETF A (USD)CH0047533549 1,383 0.40% p.a. - ETF Full replication
ZKB Gold ETF A (EUR)CH0047533523 703 0.40% p.a. - ETF Full replication
Julius Baer Precious Metals Physical Gold Fund ACH0044781141 689 0.41% p.a. - ETF Full replication
UBS ETF (CH) Gold (USD) A-disCH0106027193 445 0.23% p.a. - ETF Physically backed
iShares Gold (CH)CH0104136236 333 0.30% p.a. - ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0044781257 140 0.33% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold Ounces A-CHFCH0134034849 72 0.47% p.a. - ETF Full replication
ZKB Gold ETF A (GBP)CH0104493298 14 0.40% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold A-USDCH0134034930 13 0.51% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold Ounces A-USDCH0221616417 12 0.42% p.a. - ETF Full replication

Source: justETF.com; As of 19/02/17

 

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.

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Source Gold P-ETC A 2.08% -4.18% -7.89% 5.96% 5.67%
UBS ETF (CH) Gold (USD) A-dis 1.85% -4.38% -8.07% 5.78% 5.63%
iShares Gold (CH) 1.84% -4.40% -8.11% 5.71% 5.36%
Julius Baer Precious Metals Physical Gold Fund AX 2.39% -4.40% -8.11% 5.66% 5.23%
Julius Baer Precious Metals Physical Gold Fund A 2.39% -4.42% -8.15% 5.58% 5.04%
ZKB Gold ETF A (USD) 2.28% -4.43% -8.16% 5.57% 5.56%
Raiffeisen ETF Solid Gold Ounces A-USD 1.83% -4.43% -8.16% 5.56% 4.64%
Raiffeisen ETF Solid Gold A-USD 1.83% -4.44% -8.18% 5.55% 4.86%
Raiffeisen ETF Solid Gold Ounces A-CHF 1.55% -4.99% -8.25% 4.72% 4.24%
ZKB Gold ETF A (CHF) 1.98% -4.98% -7.95% 4.58% 4.82%
ZKB Gold ETF A (EUR) 1.85% -4.75% -8.03% 4.10% 4.82%
ZKB Gold ETF A (GBP) 1.91% -4.70% -8.06% 4.03% 4.67%
ETF/ETC   2017
in %
2016
in %
2015
in %
2014
in %
2013
in %
Julius Baer Precious Metals Physical Gold Fund A 2.39% 11.48% -12.42% 10.89% -29.77%
Julius Baer Precious Metals Physical Gold Fund AX 2.39% 11.57% -12.34% 10.90% -29.77%
ZKB Gold ETF A (USD) 2.28% 10.97% -12.07% 10.87% -30.28%
Source Gold P-ETC A 2.08% 12.23% -11.93% 10.73% -29.96%
ZKB Gold ETF A (CHF) 1.98% 10.07% -11.85% 11.34% -30.37%
ZKB Gold ETF A (GBP) 1.91% 9.87% -11.48% 10.97% -29.98%
UBS ETF (CH) Gold (USD) A-dis 1.85% 12.30% -11.87% 10.81% -29.95%
ZKB Gold ETF A (EUR) 1.85% 10.66% -12.17% 11.15% -30.27%
iShares Gold (CH) 1.84% 11.38% -11.26% 10.68% -29.82%
Raiffeisen ETF Solid Gold A-USD 1.83% 12.07% -12.47% 10.79% -29.80%
Raiffeisen ETF Solid Gold Ounces A-USD 1.83% 12.07% -12.44% - -
Raiffeisen ETF Solid Gold Ounces A-CHF 1.55% 11.77% -12.26% 10.75% -29.60%

Source: justETF.com; As of 31/01/17; Calculations in CHF including dividends

 
 

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
track Gold (CHF Hedged)
4.73%
return in CHF in 2017 per 31/01/17
Gold (CHF Hedged) ETFs

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
ZKB Gold ETF H (CHF)CH0139101601 914 0.40% p.a. Yes
(in CHF)
ETF Full replication
UBS ETF (CH) Gold (CHF) hedged (CHF) A-disCH0106027128 816 0.23% p.a. Yes
(in CHF)
ETF Physically backed
Julius Baer Precious Metals Physical Gold Fund ACH0044781232 580 0.41% p.a. Yes
(in CHF)
ETF Full replication
iShares Gold CHF Hedged (CH)CH0104136285 333 0.35% p.a. Yes
(in CHF)
ETF Full replication
Raiffeisen ETF Solid Gold Ounces H-CHFCH0134034864 82 0.45% p.a. Yes
(in CHF)
ETF Full replication
Raiffeisen ETF Solid Gold H-CHF (hedged)CH0134034906 46 0.46% p.a. Yes
(in CHF)
ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0044821731 37 0.33% p.a. Yes
(in CHF)
ETF Full replication

Source: justETF.com; As of 19/02/17

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
iShares Gold CHF Hedged (CH) 4.37% -5.53% -11.06% 5.96% -10.23%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 4.35% -5.61% -11.10% 5.83% -9.10%
ZKB Gold ETF H (CHF) 4.73% -5.59% -11.10% 5.83% -8.96%
Julius Baer Precious Metals Physical Gold Fund AX 5.60% -5.62% -11.13% 5.68% -10.34%
Julius Baer Precious Metals Physical Gold Fund A 5.59% -5.64% -11.17% 5.60% -10.50%
Raiffeisen ETF Solid Gold Ounces H-CHF 4.36% -5.54% -11.12% 5.51% -10.81%
Raiffeisen ETF Solid Gold H-CHF (hedged) 4.36% -5.54% -11.13% 5.48% -10.75%
ETF/ETC   2017
in %
2016
in %
2015
in %
2014
in %
2013
in %
Julius Baer Precious Metals Physical Gold Fund AX 5.60% 4.83% -14.96% -1.18% -28.48%
Julius Baer Precious Metals Physical Gold Fund A 5.59% 4.74% -15.04% -1.19% -28.48%
ZKB Gold ETF H (CHF) 4.73% 5.84% -14.34% -1.16% -29.21%
iShares Gold CHF Hedged (CH) 4.37% 6.10% -14.46% -1.37% -28.13%
Raiffeisen ETF Solid Gold H-CHF (hedged) 4.36% 5.83% -15.06% -1.16% -27.97%
Raiffeisen ETF Solid Gold Ounces H-CHF 4.36% 5.85% -15.13% -1.14% -28.23%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 4.35% 6.28% -13.83% -1.05% -28.84%

Source: justETF.com; As of 31/01/17; Calculations in CHF including dividends

 
 

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. - 0.41% p.a.
annual total expense ratio
track Gold (EUR Hedged)
5.17%
return in CHF in 2017 per 31/01/17
Gold (EUR Hedged) ETFs

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 ACH0044781174 312 0.41% p.a. Yes
(in EUR)
ETF Full replication
ZKB Gold ETF H (EUR)CH0103326762 242 0.40% p.a. Yes
(in EUR)
ETF Full replication
UBS ETF (CH) Gold (EUR) hedged (EUR) A-disCH0106027144 138 0.23% p.a. Yes
(in EUR)
ETF Physically backed
iShares Gold EUR Hedged (CH)CH0104136319 100 0.35% p.a. Yes
(in EUR)
ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0044821699 32 0.33% p.a. Yes
(in EUR)
ETF Full replication

Source: justETF.com; As of 19/02/17

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
iShares Gold EUR Hedged (CH) 3.78% -6.74% -12.12% 2.01% -19.57%
ZKB Gold ETF H (EUR) 4.07% -6.84% -12.16% 1.94% -19.08%
Julius Baer Precious Metals Physical Gold Fund AX 5.18% -6.85% -12.17% 1.86% -19.50%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 3.70% -6.90% -12.21% 1.86% -19.13%
Julius Baer Precious Metals Physical Gold Fund A 5.17% -6.87% -12.20% 1.78% -19.66%
ETF/ETC   2017
in %
2016
in %
2015
in %
2014
in %
2013
in %
Julius Baer Precious Metals Physical Gold Fund AX 5.18% 4.57% -22.12% -2.76% -27.23%
Julius Baer Precious Metals Physical Gold Fund A 5.17% 4.49% -22.19% -2.78% -27.23%
ZKB Gold ETF H (EUR) 4.07% 5.55% -22.08% -2.93% -27.77%
iShares Gold EUR Hedged (CH) 3.78% 5.74% -21.57% -3.16% -26.88%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 3.70% 6.10% -21.62% -2.85% -27.43%

Source: justETF.com; As of 31/01/17; Calculations in CHF including dividends

 
 

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.

0.33% p.a. - 0.42% p.a.
annual total expense ratio
track Gold (GBP Hedged)
4.34%
return in CHF in 2017 per 31/01/17
Gold (GBP Hedged) ETFs

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 ACH0103447766 29 0.42% p.a. Yes
(in GBP)
ETF Full replication
ZKB Gold ETF H (GBP)CH0104493306 11 0.40% p.a. Yes
(in GBP)
ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0103447790 4 0.33% p.a. Yes
(in GBP)
ETF Full replication

Source: justETF.com; As of 19/02/17

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 4.35% -1.86% -13.27% -7.79% -20.21%
Julius Baer Precious Metals Physical Gold Fund A 4.34% -1.89% -13.30% -7.87% -20.36%
ZKB Gold ETF H (GBP) 3.57% -2.24% -13.35% -8.13% -20.43%
ETF/ETC   2017
in %
2016
in %
2015
in %
2014
in %
2013
in %
Julius Baer Precious Metals Physical Gold Fund AX 4.35% -7.70% -16.52% 4.55% -28.38%
Julius Baer Precious Metals Physical Gold Fund A 4.34% -7.77% -16.59% 4.54% -28.37%
ZKB Gold ETF H (GBP) 3.57% -8.14% -16.53% 4.46% -28.88%

Source: justETF.com; As of 31/01/17; Calculations in CHF including dividends