Top Gold ETFs/ETCs

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 or ETCs. 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. This is mainly due to the large 12.5kg bullion that are held and traded at fund level. Currently, gold is tracked by 15 ETFs and/or ETCs.

Besides exchange-traded products on gold in US dollar, there are also currency hedged products available. These products are also considered in our comparison.

0.00% p.a. - 0.59% p.a.
annual total expense ratio
track gold
21.49%
return in EUR in 2020 per 31/08/20
Gold-ETFs and Gold-ETCs

The difference between Gold ETFs and Gold ETCs

The diversification principles of the regulatory investment fund framework (UCITS) do not allow to launch a UCITS fund with only one constituent. Due to this fact, gold is mainly available as exchange-traded commodity (ETC) in European countries. These products are certificates issued by a financial institution collateralized with physical gold. In contrast to the EU, Swiss regulation allows ETFs for single commodities like gold.

 

Cost of Gold ETFs/ETCs

The total expense ratio (TER) of Gold ETCs is between 0.00% p.a. and 0.59% p.a.. These costs contain insurance premium, storage costs and additional management fees for the product.

 

The best Gold ETF/ETC by 1-year fund return as of 31/08/20

All Gold ETFs/ETCs ranked by fund return

 

The largest Gold ETF/ETC by fund size in EUR

All Gold ETFs/ETCs ranked by fund size

 

The cheapest Gold ETF/ETC by total expense ratio

1 EUWAX Gold 0.00% p.a.
2 EUWAX Gold II 0.00% p.a.
3 Xetra-Gold 0.00% p.a.

All Gold ETFs/ETCs ranked by total expense ratio

 
 

Gold ETFs/ETCs in comparison

The most important factors at a glance

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

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

Provider
ISIN
  Fund size
in m EUR
TER
in %
Currency hedge Instrument type Replication method
iShares Physical Gold ETCIE00B4ND3602 12,635 0.19% p.a. - ETC Physically backed
Xetra-GoldDE000A0S9GB0 11,656 0.00% p.a. - ETC Physically backed
Invesco Physical Gold AIE00B579F325 11,473 0.15% p.a. - ETC Physically backed
WisdomTree Physical GoldDE000A0N62G0 7,400 0.39% p.a. - ETC Physically backed
Gold Bullion SecuritiesDE000A0LP781 4,266 0.40% p.a. - ETC Physically backed
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 3,451 0.25% p.a. - ETC Physically backed
Amundi Physical Gold ETC (C)FR0013416716 3,225 0.15% p.a. - ETC Physically backed
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 3,016 0.59% p.a. Yes
(in EUR)
ETC Physically backed
WisdomTree Physical Swiss GoldDE000A1DCTL3 2,910 0.19% p.a. - ETC Physically backed
EUWAX Gold IIDE000EWG2LD7 504 0.00% p.a. - ETC Physically backed
EUWAX GoldDE000EWG0LD1 479 0.00% p.a. - ETC Physically backed
WisdomTree Physical Gold - EUR Daily HedgedDE000A1RX996 332 0.25% p.a. Yes
(in EUR)
ETC Physically backed
HANetf The Royal Mint Physical Gold ETC SecuritiesXS2115336336 290 0.22% p.a. - ETC Physically backed
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 40 0.54% p.a. Yes
(in EUR)
ETC Physically backed
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 24 0.18% p.a. - ETC Physically backed

Source: justETF.com; As of 23/09/20

 

Return comparison of all Gold ETFs/ETCs

The table shows the returns of all Gold ETFs/ETCs 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/ETC, you can also perform a chart comparison.

ETF/ETC   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Xtrackers Physical Gold EUR Hedged ETC -0.60% 12.83% 22.60% 25.15% 35.26%
WisdomTree Physical Gold - EUR Daily Hedged -0.58% 12.90% 22.47% 24.77% 33.07%
EUWAX Gold II -1.17% 5.58% 15.06% 19.33% -
EUWAX Gold -0.71% 4.62% 13.36% 18.94% 47.62%
Invesco Physical Gold A -1.11% 5.83% 12.32% 18.80% 47.53%
iShares Physical Gold ETC -1.14% 5.81% 13.85% 18.63% 46.99%
Xetra-Gold -1.38% 5.58% 14.09% 18.33% 48.54%
WisdomTree Physical Swiss Gold -1.43% 5.51% 13.96% 18.11% 47.66%
Xtrackers Physical Gold ETC (EUR) -1.46% 5.55% 13.96% 18.04% 47.31%
WisdomTree Physical Gold -1.46% 5.49% 13.98% 17.90% 46.89%
Gold Bullion Securities -1.46% 5.52% 13.93% 17.86% 46.74%
Amundi Physical Gold ETC (C) -1.90% 5.09% 13.53% 17.62% -
HANetf The Royal Mint Physical Gold ETC Securities -1.32% 5.44% 14.05% - -
Xtrackers IE Physical Gold ETC Securities -1.91% - - - -
Xtrackers IE Physical Gold EUR Hedged ETC Securities -0.43% - - - -
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Xtrackers Physical Gold EUR Hedged ETC 28.00% 13.95% -4.89% 8.71% 6.51%
WisdomTree Physical Gold - EUR Daily Hedged 27.96% 13.16% -5.59% 8.94% 4.95%
EUWAX Gold II 22.11% 23.20% 3.22% - -
Xetra-Gold 21.81% 21.13% 3.25% -1.70% 12.54%
Xtrackers Physical Gold ETC (EUR) 21.62% 20.80% 2.98% -1.95% 12.37%
Gold Bullion Securities 21.50% 20.64% 2.77% -2.11% 12.22%
iShares Physical Gold ETC 21.49% 20.77% 2.95% -1.61% 12.45%
Invesco Physical Gold A 21.47% 20.83% 3.24% -1.98% 13.03%
WisdomTree Physical Gold 21.46% 20.73% 2.80% -2.07% 12.27%
EUWAX Gold 21.34% 23.02% 2.84% -1.25% 12.44%
WisdomTree Physical Swiss Gold 21.24% 21.23% 3.06% -1.99% 12.26%
Amundi Physical Gold ETC (C) 21.14% - - - -
HANetf The Royal Mint Physical Gold ETC Securities - - - - -
Xtrackers IE Physical Gold ETC Securities - - - - -
Xtrackers IE Physical Gold EUR Hedged ETC Securities - - - - -

Source: justETF.com; As of 31/08/20; Calculations in EUR including dividends