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 11 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. - 0.43% p.a.
annual total expense ratio
track Gold
13.04%
return in CHF in 2020 per 31/05/20
Gold ETFs

Cost of Gold ETFs

The total expense ratio (TER) of Gold ETFs is between 0.23% p.a. and 0.43% 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 31/05/20

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: 1.03%
1 year: 25.72%
3 years: 33.43%
5 years: 46.11%
 

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
ZKB Gold ETF A (CHF)CH0139101593 3,929 0.40% p.a. - ETF Physically backed
ZKB Gold ETF A (USD)CH0047533549 2,261 0.40% p.a. - ETF Physically backed
UBS ETF (CH) Gold (USD) A-disCH0106027193 1,640 0.23% p.a. - ETF Physically backed
ZKB Gold ETF A (EUR)CH0047533523 1,247 0.40% p.a. - ETF Physically backed
iShares Gold (CH)CH0104136236 584 0.30% p.a. - ETF Full replication
Swisscanto ETF Precious Metal Physical Gold USD ACH0044781141 582 0.41% p.a. - ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold USD AXCH0044781257 221 0.33% p.a. - ETF Physically backed
Raiffeisen ETF Solid Gold Ounces A-CHFCH0134034849 150 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 26 0.40% p.a. - ETF Physically backed
Raiffeisen ETF Solid Gold A-USDCH0134034930 17 0.43% p.a. - ETF Full replication

Source: justETF.com; As of 04/06/20

 

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 (GBP) 1.42% 6.00% 14.00% 27.54% 34.29%
UBS ETF (CH) Gold (USD) A-dis 0.65% 6.84% 13.66% 27.42% 34.41%
iShares Gold (CH) 0.66% 6.86% 13.68% 27.39% 34.19%
Raiffeisen ETF Solid Gold Ounces A-CHF 0.64% 6.88% 13.68% 27.38% 34.01%
Swisscanto ETF Precious Metal Physical Gold USD AX 0.65% 6.81% 13.61% 27.30% 33.98%
ZKB Gold ETF A (EUR) 1.47% 6.99% 14.17% 27.30% 34.07%
ZKB Gold ETF A (USD) 0.65% 6.79% 13.58% 27.24% 33.63%
Raiffeisen ETF Solid Gold Ounces A-USD 0.64% 6.80% 13.58% 27.23% 33.73%
Raiffeisen ETF Solid Gold A-USD 0.64% 6.80% 13.58% 27.21% 33.68%
Swisscanto ETF Precious Metal Physical Gold USD A 0.64% 6.79% 13.57% 27.20% 33.66%
ZKB Gold ETF A (CHF) 1.03% 6.46% 13.59% 26.95% 33.84%
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
ZKB Gold ETF A (GBP) 13.88% 14.83% 0.05% 7.00% 9.87%
ZKB Gold ETF A (EUR) 13.56% 15.70% -0.24% 7.39% 9.87%
ZKB Gold ETF A (USD) 13.52% 15.79% -0.53% 7.46% 10.18%
ZKB Gold ETF A (CHF) 13.04% 15.86% -0.24% 7.58% 9.28%
iShares Gold (CH) 13.00% 16.31% -0.59% 6.81% 11.38%
UBS ETF (CH) Gold (USD) A-dis 12.97% 17.13% -1.21% 6.95% 12.32%
Swisscanto ETF Precious Metal Physical Gold USD AX 12.92% 17.00% -0.82% 7.54% 10.28%
Raiffeisen ETF Solid Gold A-USD 12.91% 16.88% -1.30% 6.66% 12.07%
Raiffeisen ETF Solid Gold Ounces A-USD 12.91% 16.90% -1.30% 6.69% 12.07%
Raiffeisen ETF Solid Gold Ounces A-CHF 12.90% 16.93% -1.33% 7.00% 11.77%
Swisscanto ETF Precious Metal Physical Gold USD A 12.88% 16.90% -0.90% 7.46% 10.20%

Source: justETF.com; As of 31/05/20; 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. - 0.43% p.a.
annual total expense ratio
track Gold (CHF Hedged)
12.95%
return in CHF in 2020 per 31/05/20
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 1,271 0.23% p.a. Yes
(in CHF)
ETF Physically backed
ZKB Gold ETF H (CHF)CH0139101601 1,263 0.40% p.a. Yes
(in CHF)
ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold CHF ACH0044781232 545 0.41% p.a. Yes
(in CHF)
ETF Physically backed
iShares Gold CHF Hedged (CH)CH0104136285 478 0.22% p.a. Yes
(in CHF)
ETF Full replication
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 48 0.33% p.a. Yes
(in CHF)
ETF Physically backed
Raiffeisen ETF Solid Gold H-CHF (hedged)CH0134034906 42 0.43% p.a. Yes
(in CHF)
ETF Full replication

Source: justETF.com; As of 04/06/20

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 1.39% 7.00% 17.01% 29.23% 23.18%
Swisscanto ETF Precious Metal Physical Gold CHF A 1.38% 6.98% 16.96% 29.13% 22.88%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 1.42% 6.74% 16.76% 29.12% 23.01%
iShares Gold CHF Hedged (CH) 1.44% 6.62% 16.55% 28.84% 22.49%
ZKB Gold ETF H (CHF) 1.36% 6.64% 16.51% 28.61% 22.42%
Raiffeisen ETF Solid Gold Ounces H-CHF (hedged) 1.39% 6.50% 16.42% 28.45% 21.60%
Raiffeisen ETF Solid Gold H-CHF (hedged) 1.39% 6.45% 16.36% 28.37% 21.50%
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Swisscanto ETF Precious Metal Physical Gold CHF AX 13.17% 13.84% -4.51% 9.45% 4.83%
Swisscanto ETF Precious Metal Physical Gold CHF A 13.13% 13.75% -4.59% 9.36% 4.74%
UBS ETF (CH) Gold (CHF) hedged (CHF) A-dis 12.95% 13.92% -4.36% 7.94% 6.28%
ZKB Gold ETF H (CHF) 12.74% 13.72% -4.59% 8.40% 5.84%
iShares Gold CHF Hedged (CH) 12.21% 14.23% -4.76% 8.43% 6.10%
Raiffeisen ETF Solid Gold Ounces H-CHF (hedged) 12.02% 14.12% -5.10% 8.20% 5.85%
Raiffeisen ETF Solid Gold H-CHF (hedged) 11.97% 14.10% -5.10% 8.17% 5.83%

Source: justETF.com; As of 31/05/20; 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)
11.40%
return in CHF in 2020 per 31/05/20
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
ZKB Gold ETF H (EUR)CH0103326762 394 0.40% p.a. Yes
(in EUR)
ETF Physically backed
UBS ETF (CH) Gold (EUR) hedged (EUR) A-disCH0106027144 348 0.23% p.a. Yes
(in EUR)
ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold EUR ACH0044781174 311 0.41% p.a. Yes
(in EUR)
ETF Physically backed
iShares Gold EUR Hedged (CH)CH0104136319 270 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 04/06/20

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Swisscanto ETF Precious Metal Physical Gold AX 2.95% 8.13% 14.26% 24.17% 22.63%
Swisscanto ETF Precious Metal Physical Gold EUR A 2.94% 8.10% 14.21% 24.07% 22.34%
iShares Gold EUR Hedged (CH) 3.04% 7.83% 13.94% 24.02% 22.28%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 2.99% 7.84% 13.96% 23.98% 22.56%
ZKB Gold ETF H (EUR) 2.92% 7.69% 13.66% 23.38% 21.49%
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Swisscanto ETF Precious Metal Physical Gold AX 11.73% 10.79% -8.10% 19.76% 4.61%
Swisscanto ETF Precious Metal Physical Gold EUR A 11.69% 10.70% -8.17% 19.66% 4.53%
UBS ETF (CH) Gold (EUR) hedged (EUR) A-dis 11.47% 10.90% -7.92% 18.27% 6.09%
ZKB Gold ETF H (EUR) 11.40% 9.94% -7.73% 18.37% 5.55%
iShares Gold EUR Hedged (CH) 11.05% 10.72% -7.99% 18.91% 5.74%

Source: justETF.com; As of 31/05/20; 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)
5.60%
return in CHF in 2020 per 31/05/20
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 48 0.33% p.a. Yes
(in GBP)
ETF Physically backed
Swisscanto ETF Precious Metal Physical Gold GBP ACH0103447766 38 0.41% p.a. Yes
(in GBP)
ETF Physically backed
ZKB Gold ETF H (GBP)CH0104493306 17 0.40% p.a. Yes
(in GBP)
ETF Physically backed

Source: justETF.com; As of 04/06/20

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 -0.59% 2.19% 8.12% 23.17% 22.58%
Swisscanto ETF Precious Metal Physical Gold GBP A -0.60% 2.17% 8.08% 23.07% 22.29%
ZKB Gold ETF H (GBP) -0.56% 1.93% 7.77% 22.57% 21.84%
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Swisscanto ETF Precious Metal Physical Gold GBP AX 5.60% 18.89% -8.66% 16.70% -8.51%
Swisscanto ETF Precious Metal Physical Gold GBP A 5.57% 18.79% -8.74% 16.60% -8.59%
ZKB Gold ETF H (GBP) 5.32% 17.24% -7.36% 15.37% -8.14%

Source: justETF.com; As of 31/05/20; Calculations in CHF including dividends