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
track Gold
7.86%
return in CHF in 2017 per 31/12/17
Gold ETFs

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 31/12/17

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: 2.34%
1 year: 5.03%
3 years: 13.69%
5 years: -19.87%
 

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 2,605 0.40% p.a. - ETF Physically backed
UBS ETF (CH) Gold (USD) A-disCH0106027193 1,422 0.23% p.a. - ETF Physically backed
ZKB Gold ETF A (USD)CH0047533549 1,362 0.40% p.a. - ETF Physically backed
ZKB Gold ETF A (EUR)CH0047533523 702 0.40% p.a. - ETF Physically backed
Julius Baer Precious Metals Physical Gold Fund ACH0044781141 661 0.41% p.a. - ETF Full replication
iShares Gold (CH)CH0104136236 364 0.30% p.a. - ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AXCH0044781257 145 0.33% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold Ounces A-CHFCH0134034849 89 0.47% p.a. - ETF Full replication
Raiffeisen ETF Solid Gold Ounces A-USDCH0221616417 16 0.42% p.a. - ETF Full replication
ZKB Gold ETF A (GBP)CH0104493298 15 0.40% p.a. - ETF Physically backed
Raiffeisen ETF Solid Gold A-USDCH0134034930 13 0.46% p.a. - ETF Full replication

Source: justETF.com; As of 23/01/18

 

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 1.17% 2.37% 7.13% 7.86% 6.61%
Julius Baer Precious Metals Physical Gold Fund AX 0.14% 1.60% 6.24% 7.44% 5.08%
Julius Baer Precious Metals Physical Gold Fund A 0.13% 1.58% 6.20% 7.36% 4.82%
Raiffeisen ETF Solid Gold Ounces A-CHF 0.54% 1.52% 6.36% 7.00% 4.93%
ZKB Gold ETF A (GBP) 0.06% 1.19% 5.67% 7.00% 4.06%
UBS ETF (CH) Gold (USD) A-dis 0.15% 1.63% 6.30% 6.98% 5.87%
iShares Gold (CH) 0.06% 1.52% 6.17% 6.81% 5.56%
ZKB Gold ETF A (CHF) 0.04% 1.22% 5.53% 6.81% 3.63%
Raiffeisen ETF Solid Gold Ounces A-USD 0.05% 1.49% 6.11% 6.69% 4.70%
ZKB Gold ETF A (USD) -0.38% 1.05% 5.66% 6.69% 4.11%
Raiffeisen ETF Solid Gold A-USD 0.05% 1.48% 6.10% 6.66% 4.62%
ZKB Gold ETF A (EUR) 0.12% 1.06% 5.46% 6.62% 3.63%
ETF/ETC   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
Source Gold P-ETC A - 7.86% 12.24% -11.93% 10.74%
Julius Baer Precious Metals Physical Gold Fund AX - 7.44% 11.57% -12.34% 10.90%
Julius Baer Precious Metals Physical Gold Fund A - 7.36% 11.48% -12.42% 10.89%
Raiffeisen ETF Solid Gold Ounces A-CHF - 7.00% 11.77% -12.26% 10.75%
ZKB Gold ETF A (GBP) - 7.00% 9.87% -11.48% 10.97%
UBS ETF (CH) Gold (USD) A-dis - 6.98% 12.30% -11.87% 10.81%
iShares Gold (CH) - 6.81% 11.38% -11.26% 10.68%
ZKB Gold ETF A (CHF) - 6.81% 10.07% -11.85% 11.34%
Raiffeisen ETF Solid Gold Ounces A-USD - 6.69% 12.07% -12.44% -
ZKB Gold ETF A (USD) - 6.69% 10.97% -12.07% 10.87%
Raiffeisen ETF Solid Gold A-USD - 6.66% 12.07% -12.47% 10.79%
ZKB Gold ETF A (EUR) - 6.62% 10.66% -12.17% 11.15%

Source: justETF.com; As of 31/12/17; 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. - 0.45% p.a.
annual total expense ratio
track Gold (CHF Hedged)
7.95%
return in CHF in 2017 per 31/12/17
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
UBS ETF (CH) Gold (CHF) hedged (CHF) A-disCH0106027128 1,091 0.23% p.a. Yes
(in CHF)
ETF Physically backed
ZKB Gold ETF H (CHF)CH0139101601 1,042 0.40% p.a. Yes
(in CHF)
ETF Physically backed
Julius Baer Precious Metals Physical Gold Fund A CHF HedgedCH0044781232 581 0.41% p.a. Yes
(in CHF)
ETF Full replication
iShares Gold CHF Hedged (CH)CH0104136285 374 0.35% p.a. Yes
(in CHF)
ETF Full replication
Raiffeisen ETF Solid Gold Ounces H-CHFCH0134034864 97 0.45% p.a. Yes
(in CHF)
ETF Full replication
Raiffeisen ETF Solid Gold H-CHF (hedged)CH0134034906 49 0.44% p.a. Yes
(in CHF)
ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AX CHF HedgedCH0044821731 44 0.33% p.a. Yes
(in CHF)
ETF Full replication

Source: justETF.com; As of 23/01/18

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 0.54% -0.17% 2.32% 9.45% -2.44%
Julius Baer Precious Metals Physical Gold Fund A CHF Hedged 0.53% -0.19% 2.28% 9.36% -2.68%
iShares Gold CHF Hedged (CH) 0.77% 0.06% 2.58% 8.43% -1.60%
ZKB Gold ETF H (CHF) 0.59% -0.12% 2.26% 8.40% -1.72%
Raiffeisen ETF Solid Gold Ounces H-CHF 0.78% -0.01% 2.39% 8.20% -2.80%
Raiffeisen ETF Solid Gold H-CHF (hedged) 0.78% -0.02% 2.38% 8.17% -2.76%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 0.38% -0.32% 2.14% 7.95% -1.15%
ETF/ETC   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
Julius Baer Precious Metals Physical Gold Fund AX CHF Hedged - 9.45% 4.83% -14.96% -1.18%
Julius Baer Precious Metals Physical Gold Fund A CHF Hedged - 9.36% 4.74% -15.04% -1.19%
iShares Gold CHF Hedged (CH) - 8.43% 6.10% -14.46% -1.37%
ZKB Gold ETF H (CHF) - 8.40% 5.84% -14.34% -1.16%
Raiffeisen ETF Solid Gold Ounces H-CHF - 8.20% 5.85% -15.13% -1.14%
Raiffeisen ETF Solid Gold H-CHF (hedged) - 8.17% 5.83% -15.06% -1.16%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis - 7.95% 6.28% -13.83% -1.05%

Source: justETF.com; As of 31/12/17; 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)
19.96%
return in CHF in 2017 per 31/12/17
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 A EUR HedgedCH0044781174 352 0.41% p.a. Yes
(in EUR)
ETF Full replication
ZKB Gold ETF H (EUR)CH0103326762 277 0.40% p.a. Yes
(in EUR)
ETF Physically backed
UBS ETF (CH) Gold (EUR) hedged (EUR) A-disCH0106027144 178 0.23% p.a. Yes
(in EUR)
ETF Physically backed
iShares Gold EUR Hedged (CH)CH0104136319 115 0.35% p.a. Yes
(in EUR)
ETF Full replication
Julius Baer Precious Metals Physical Gold Fund AX EUR HedgedCH0044821699 45 0.33% p.a. Yes
(in EUR)
ETF Full replication

Source: justETF.com; As of 23/01/18

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 EUR Hedged 0.64% 2.12% 9.77% 20.06% -2.23%
Julius Baer Precious Metals Physical Gold Fund A EUR Hedged 0.63% 2.10% 9.73% 19.96% -2.47%
iShares Gold EUR Hedged (CH) 0.86% 2.35% 10.10% 18.91% -1.38%
ZKB Gold ETF H (EUR) 0.53% 1.91% 9.46% 18.37% -2.65%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 0.48% 1.96% 9.68% 18.29% -1.63%
ETF/ETC   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
Julius Baer Precious Metals Physical Gold Fund AX EUR Hedged - 20.06% 4.57% -22.12% -2.76%
Julius Baer Precious Metals Physical Gold Fund A EUR Hedged - 19.96% 4.49% -22.19% -2.78%
iShares Gold EUR Hedged (CH) - 18.91% 5.74% -21.57% -3.16%
ZKB Gold ETF H (EUR) - 18.37% 5.55% -22.08% -2.93%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis - 18.29% 6.10% -21.62% -2.85%

Source: justETF.com; As of 31/12/17; 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)
16.40%
return in CHF in 2017 per 31/12/17
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 A GBP HedgedCH0103447766 33 0.42% 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 0.33% p.a. Yes
(in GBP)
ETF Full replication

Source: justETF.com; As of 23/01/18

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 -0.15% 1.66% 9.43% 16.49% -10.24%
Julius Baer Precious Metals Physical Gold Fund A GBP Hedged -0.16% 1.64% 9.39% 16.40% -10.46%
ZKB Gold ETF H (GBP) -0.18% 1.57% 9.11% 15.37% -11.54%
ETF/ETC   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
Julius Baer Precious Metals Physical Gold Fund AX GBP Hedged - 16.49% -7.70% -16.52% 4.55%
Julius Baer Precious Metals Physical Gold Fund A GBP Hedged - 16.40% -7.77% -16.59% 4.54%
ZKB Gold ETF H (GBP) - 15.37% -8.14% -16.53% 4.46%

Source: justETF.com; As of 31/12/17; Calculations in CHF including dividends