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 13 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.

 
0.15% p.a. - 0.42% p.a.
annual total expense ratio
track Gold
13.11%
return in CHF in 2021 per 31/12/2020
Gold ETFs

Cost of Gold ETFs

The total expense ratio (TER) of Gold ETFs is between 0.15% p.a. and 0.42% 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 31/12/2020

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: 0.60%
1 year: 9.02%
3 years: 25.46%
5 years: 46.04%
 

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
Invesco Physical Gold AIE00B579F325 12,564 0.15% p.a. - ETC Physically backed
ZKB Gold ETF A (CHF)CH0139101593 3,973 0.40% p.a. - ETF Physically backed
ZKB Gold ETF A (USD)CH0047533549 2,189 0.40% p.a. - ETF Physically backed
UBS ETF (CH) Gold (USD) A-disCH0106027193 1,700 0.23% p.a. - ETF Physically backed
ZKB Gold ETF A (EUR)CH0047533523 1,225 0.40% p.a. - ETF Physically backed
Xtrackers Physical Gold ETCGB00B5840F36 966 0.25% p.a. - ETC Physically backed
iShares Gold (CH)CH0104136236 635 0.30% p.a. - ETF Full replication
Swisscanto ETF Precious Metal Physical Gold USD ACH0044781141 542 0.41% p.a. - ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold USD AXCH0044781257 165 0.33% p.a. - ETF Physically backed
Raiffeisen ETF Solid Gold Ounces A-CHFCH0134034849 156 0.41% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold Ounces A-USDCH0221616417 56 0.40% p.a. - ETF Full replication
ZKB Gold ETF A (GBP)CH0104493298 24 0.40% p.a. - ETF Physically backed
Raiffeisen ETF Solid Gold A-USDCH0134034930 16 0.42% p.a. - ETF Full replication

Source: justETF.com; As of 15/01/2021

 

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 %
ZKB Gold ETF A (EUR) 4.32% -4.24% -0.82% 13.32% 30.79%
ZKB Gold ETF A (CHF) 4.54% -3.85% -0.61% 13.30% 30.95%
ZKB Gold ETF A (GBP) 4.15% -4.10% -0.88% 13.28% 30.15%
Invesco Physical Gold A 3.57% -4.99% -1.88% 13.11% 30.88%
Xtrackers Physical Gold ETC 3.55% -5.02% -1.99% 13.09% 30.89%
ZKB Gold ETF A (USD) 4.17% -4.67% -1.40% 13.08% 30.25%
Swisscanto ETF Precious Metal Physical Gold USD AX 4.61% -4.24% -0.94% 13.00% 31.13%
iShares Gold (CH) 4.37% -4.43% -1.10% 12.91% 30.55%
Swisscanto ETF Precious Metal Physical Gold USD A 4.61% -4.26% -0.98% 12.91% 30.81%
Raiffeisen ETF Solid Gold Ounces A-USD 4.36% -4.49% -1.21% 12.68% 30.03%
Raiffeisen ETF Solid Gold A-USD 4.35% -4.50% -1.22% 12.67% 29.98%
UBS ETF (CH) Gold (USD) A-dis 4.19% -4.61% -1.32% 12.66% 30.36%
Raiffeisen ETF Solid Gold Ounces A-CHF 4.47% -4.58% -1.04% 12.63% 29.94%
ETF/ETC   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
ZKB Gold ETF A (EUR) 13.32% 13.32% 15.70% -0.24% 7.39%
ZKB Gold ETF A (CHF) 13.30% 13.30% 15.86% -0.24% 7.58%
ZKB Gold ETF A (GBP) 13.28% 13.28% 14.83% 0.05% 7.00%
Invesco Physical Gold A 13.11% 13.11% 16.38% -0.58% 6.81%
Xtrackers Physical Gold ETC 13.09% 13.09% 16.17% -0.37% 6.78%
ZKB Gold ETF A (USD) 13.08% 13.08% 15.79% -0.53% 7.46%
Swisscanto ETF Precious Metal Physical Gold USD AX 13.00% 13.00% 17.00% -0.82% 7.54%
iShares Gold (CH) 12.91% 12.91% 16.31% -0.59% 6.81%
Swisscanto ETF Precious Metal Physical Gold USD A 12.91% 12.91% 16.90% -0.90% 7.46%
Raiffeisen ETF Solid Gold Ounces A-USD 12.68% 12.68% 16.90% -1.30% 6.69%
Raiffeisen ETF Solid Gold A-USD 12.67% 12.67% 16.88% -1.30% 6.66%
UBS ETF (CH) Gold (USD) A-dis 12.66% 12.66% 17.13% -1.21% 6.95%
Raiffeisen ETF Solid Gold Ounces A-CHF 12.63% 12.63% 16.93% -1.33% 7.00%

Source: justETF.com; As of 31/12/2020; 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.

0.22% p.a. - 0.42% p.a.
annual total expense ratio
track Gold (CHF Hedged)
21.77%
return in CHF in 2021 per 31/12/2020
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
UBS ETF (CH) Gold (CHF) hedged (CHF) A-disCH0106027128 1,467 0.23% p.a. Yes
(in CHF)
ETF Physically backed
ZKB Gold ETF H (CHF)CH0139101601 1,349 0.40% p.a. Yes
(in CHF)
ETF Physically backed
iShares Gold CHF Hedged (CH)CH0104136285 513 0.22% p.a. Yes
(in CHF)
ETF Full replication
Swisscanto ETF Precious Metal Physical Gold CHF ACH0044781232 506 0.41% p.a. Yes
(in CHF)
ETF Physically backed
Raiffeisen ETF Solid Gold Ounces H-CHF (hedged)CH0134034864 110 0.41% p.a. Yes
(in CHF)
ETF Full replication
Swisscanto ETF Precious Metal Physical Gold CHF AXCH0044821731 47 0.33% p.a. Yes
(in CHF)
ETF Physically backed
Raiffeisen ETF Solid Gold H-CHF (hedged)CH0134034906 32 0.42% p.a. Yes
(in CHF)
ETF Full replication

Source: justETF.com; As of 15/01/2021

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Swisscanto ETF Precious Metal Physical Gold CHF AX 6.75% -0.51% 5.42% 21.82% 32.42%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 6.82% -0.57% 5.56% 21.77% 32.67%
Swisscanto ETF Precious Metal Physical Gold CHF A 6.75% -0.53% 5.37% 21.72% 32.10%
ZKB Gold ETF H (CHF) 6.80% -0.58% 5.46% 21.38% 31.70%
iShares Gold CHF Hedged (CH) 7.01% -0.26% 5.77% 21.24% 31.90%
Raiffeisen ETF Solid Gold Ounces H-CHF (hedged) 7.03% -0.32% 5.63% 20.83% 30.86%
Raiffeisen ETF Solid Gold H-CHF (hedged) 7.02% -0.37% 5.56% 20.69% 30.69%
ETF/ETC   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
Swisscanto ETF Precious Metal Physical Gold CHF AX 21.82% 21.82% 13.84% -4.51% 9.45%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 21.77% 21.77% 13.92% -4.36% 7.94%
Swisscanto ETF Precious Metal Physical Gold CHF A 21.72% 21.72% 13.75% -4.59% 9.36%
ZKB Gold ETF H (CHF) 21.38% 21.38% 13.72% -4.59% 8.40%
iShares Gold CHF Hedged (CH) 21.24% 21.24% 14.23% -4.76% 8.43%
Raiffeisen ETF Solid Gold Ounces H-CHF (hedged) 20.83% 20.83% 14.12% -5.10% 8.20%
Raiffeisen ETF Solid Gold H-CHF (hedged) 20.69% 20.69% 14.10% -5.10% 8.17%

Source: justETF.com; As of 31/12/2020; 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. - 0.59% p.a.
annual total expense ratio
track Gold (EUR Hedged)
21.60%
return in CHF in 2021 per 31/12/2020
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
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 3,030 0.59% p.a. Yes
(in EUR)
ETC Physically backed
ZKB Gold ETF H (EUR)CH0103326762 447 0.40% p.a. Yes
(in EUR)
ETF Physically backed
UBS ETF (CH) Gold (EUR) hedged (EUR) A-disCH0106027144 392 0.23% p.a. Yes
(in EUR)
ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold EUR ACH0044781174 325 0.41% p.a. Yes
(in EUR)
ETF Physically backed
iShares Gold EUR Hedged (CH)CH0104136319 311 0.35% p.a. Yes
(in EUR)
ETF Full replication
Swisscanto ETF Precious Metal Physical Gold AXCH0044821699 39 0.33% p.a. Yes
(in EUR)
ETF Physically backed

Source: justETF.com; As of 15/01/2021

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Swisscanto ETF Precious Metal Physical Gold AX 6.88% 0.11% 7.55% 22.01% 24.23%
Swisscanto ETF Precious Metal Physical Gold EUR A 6.87% 0.09% 7.51% 21.92% 23.93%
Xtrackers Physical Gold EUR Hedged ETC 5.71% -1.03% 6.39% 21.60% 22.23%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 6.49% -0.49% 7.22% 21.33% 23.90%
iShares Gold EUR Hedged (CH) 6.67% -0.19% 7.42% 21.22% 23.50%
ZKB Gold ETF H (EUR) 6.47% -0.51% 7.03% 21.01% 22.76%
ETF/ETC   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
Swisscanto ETF Precious Metal Physical Gold AX 22.01% 22.01% 10.79% -8.10% 19.76%
Swisscanto ETF Precious Metal Physical Gold EUR A 21.92% 21.92% 10.70% -8.17% 19.66%
Xtrackers Physical Gold EUR Hedged ETC 21.60% 21.60% 10.16% -8.75% 18.45%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 21.33% 21.33% 10.90% -7.92% 18.27%
iShares Gold EUR Hedged (CH) 21.22% 21.22% 10.72% -7.99% 18.91%
ZKB Gold ETF H (EUR) 21.01% 21.01% 9.94% -7.73% 18.37%

Source: justETF.com; As of 31/12/2020; 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. - 0.41% p.a.
annual total expense ratio
track Gold (GBP Hedged)
15.51%
return in CHF in 2021 per 31/12/2020
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
Swisscanto ETF Precious Metal Physical Gold GBP AXCH0103447790 51 0.33% p.a. Yes
(in GBP)
ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold GBP ACH0103447766 44 0.41% p.a. Yes
(in GBP)
ETF Physically backed
ZKB Gold ETF H (GBP)CH0104493306 18 0.40% p.a. Yes
(in GBP)
ETF Physically backed

Source: justETF.com; As of 15/01/2021

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Swisscanto ETF Precious Metal Physical Gold GBP AX 6.39% 1.38% 9.04% 15.51% 25.43%
Swisscanto ETF Precious Metal Physical Gold GBP A 6.38% 1.36% 9.00% 15.42% 25.13%
ZKB Gold ETF H (GBP) 6.49% 1.12% 8.95% 15.04% 24.95%
ETF/ETC   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
Swisscanto ETF Precious Metal Physical Gold GBP AX 15.51% 15.51% 18.89% -8.66% 16.70%
Swisscanto ETF Precious Metal Physical Gold GBP A 15.42% 15.42% 18.79% -8.74% 16.60%
ZKB Gold ETF H (GBP) 15.04% 15.04% 17.24% -7.36% 15.37%

Source: justETF.com; As of 31/12/2020; Calculations in CHF including dividends