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The best precious metals ETFs/ETCs

How to invest in precious metals using ETFs/ETCs

0.11% p.a. - 0.95% p.a.
annual total expense ratio (TER) of precious metals ETFs/ETCs
15 Indices
on precious metals, which are tracked by ETFs
42 ETFs
on precious metals
 
The best indices for precious metals ETFs/ETCs

How can I invest in precious metals?

With ETFs you not only have the opportunity to invest in equity or bonds. You can also participate in the price development of commodities like precious metals. However, there are a few things you should know: commodity ETFs always track a whole basket of different commodities, covering at least some of the following segments:
 

Why there are no precious metals ETFs in most European countries

There are no precious metals ETFs that are domiciled within the European Union. This is due to the regulatory framework which is defined by the UCITS directive. According to these guidelines, an index (and thus also corresponding ETFs) must always provide a minimum degree of diversification and may not consist of only a few components. Consequently, regulations in the EU do not allow the launch of a precious metals ETF.

If you want to invest particularly in precious metals, you can do so via Exchange Traded Commodities (ETC). Please have a look at our article "What is an ETC?" for a detailed explanation of the similarities and differences between ETFs and ETCs.
 

Collateralisation of precious metals ETCs

Some precious metals ETCs indicate the spot price and are physically backed. This means that physical holdings of the respective precious metals are stored in the treasury of a trustee as collateral for the corresponding ETC. Other ETCs track the value of the precious metals based on futures contracts. These ETCs are also backed with collateral, which is usually checked on a daily basis. However, the collateral in such a case is not in the form of precious metal stocks, but in the form of cash investments or securities with top credit standing.

In this investment guide you will find all ETCs that allow you to invest in precious metals.
 

Bloomberg Precious Metals performance

1 month: 8.37%
1 year: 44.27%
3 years: 102.63%
5 years: 119.53%
 

Precious metals ETFs/ETCs in comparison

The most important factors at a glance

When choosing a precious metals ETF or ETC one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all precious metals ETFs/ETCs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all precious metals ETFs/ETCs in detail
Compare all precious metals ETFs/ETCs in a chart

ETF name
ISIN		   Fund size
in m EUR		 TER
in %		 Use of profits Fund domicile Replication method
Invesco Physical Gold AIE00B579F325 24,267 0.12% p.a. Accumulating Ireland Physically backed
WisdomTree Physical GoldJE00B1VS3770 6,332 0.39% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 6,102 0.11% p.a. Accumulating Ireland Physically backed
WisdomTree Physical Swiss GoldJE00B588CD74 4,387 0.15% p.a. Accumulating Jersey Physically backed
Gold Bullion SecuritiesGB00B00FHZ82 3,691 0.40% p.a. Accumulating Jersey Physically backed
iShares Physical Silver ETCIE00B4NCWG09 3,077 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Physical SilverJE00B1VS3333 2,633 0.49% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 2,260 0.25% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 1,909 0.59% p.a. Accumulating Jersey Physically backed
WisdomTree Core Physical GoldJE00BN2CJ301 1,659 0.12% p.a. Accumulating Jersey Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 1,386 0.22% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 1,121 0.28% p.a. Accumulating Ireland Physically backed
Invesco Physical SilverIE00B43VDT70 844 0.19% p.a. Accumulating Ireland Physically backed
Invesco Physical Gold EUR Hedged ETCXS2183935274 704 0.34% p.a. Accumulating Ireland Physically backed
WisdomTree Core Physical SilverJE00BQRFDY49 581 0.19% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 519 0.40% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Gold GBP Hedged ETC SecuritiesDE000A2UDH48 500 0.28% p.a. Accumulating Ireland Physically backed
WisdomTree Physical PlatinumJE00B1VS2W53 475 0.49% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Gold ETCGB00B5840F36 462 0.25% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 336 0.75% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 278 0.20% p.a. Accumulating Ireland Physically backed
iShares Physical Platinum ETCIE00B4LHWP62 261 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Physical Precious MetalsJE00B1VS3W29 234 0.44% p.a. Accumulating Jersey Physically backed
WisdomTree Physical PalladiumJE00B1VS3002 182 0.49% p.a. Accumulating Jersey Physically backed
Invesco Physical Gold GBP Hedged ETCXS2183935605 148 0.34% p.a. Accumulating Ireland Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETCXS2892963286 141 0.35% p.a. Accumulating Ireland Physically backed
WisdomTree Precious MetalsGB00B15KYF40 100 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree GoldGB00B15KXX56 96 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree SilverGB00B15KY328 89 0.49% p.a. Accumulating Jersey Swap-based
Xtrackers IE Physical Silver EUR Hedged ETC SecuritiesDE000A2UDH55 75 0.73% p.a. Accumulating Ireland Physically backed
iShares Physical Palladium ETCIE00B4556L06 68 0.20% p.a. Accumulating Ireland Physically backed
Invesco Physical PlatinumIE00B40QP990 63 0.19% p.a. Accumulating Ireland Physically backed
Xtrackers Physical Gold GBP Hedged ETCGB00B68FL050 57 0.69% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Platinum EUR Hedged ETCDE000A1EK0H1 56 0.75% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Rhodium ETCGB00B684MW17 49 0.95% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Platinum ETC SecuritiesDE000A2T0VT7 42 0.38% p.a. Accumulating Ireland Physically backed
Invesco Physical PalladiumIE00B4LJS984 24 0.19% p.a. Accumulating Ireland Physically backed
IncomeShares Gold+ Yield ETPXS2852999775 22 0.35% p.a. Distributing Ireland Full replication
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETCXS2892961827 15 0.35% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Platinum EUR Hedged ETC SecuritiesDE000A2UDH63 10 0.73% p.a. Accumulating Ireland Physically backed
Janus Henderson SMO Physical Gold ETCXS2792094604 7 0.29% p.a. Accumulating Ireland Physically backed
IncomeShares Silver+ Yield ETPXS3068774614 5 0.35% p.a. Distributing Ireland Full replication

Source: justETF.com; As of 04/12/2025

 

Find the best Precious metals ETFs/ETCs

Return comparison of all precious metals ETFs/ETCs

The table shows the returns of all precious metals 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 ETFs, you can also perform a chart comparison.

ETF   1 month
in %		 3 months
in %		 6 months
in %		 1 year
in %		 3 years
in %
Xtrackers Physical Rhodium ETC -1.49% 22.18% 62.35% 74.49% -31.77%
Xtrackers Physical Silver EUR Hedged ETC 11.56% 37.71% 59.87% 69.76% 126.27%
Xtrackers Physical Platinum EUR Hedged ETC 2.30% 20.70% 50.41% 69.05% 45.69%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 11.53% 37.60% 59.60% 68.99% 123.49%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities 2.28% 20.63% 50.22% 68.37% 43.86%
WisdomTree Silver 16.24% 40.77% 66.45% 64.15% 121.53%
WisdomTree Core Physical Silver 11.73% 40.02% 59.63% 60.07% -
iShares Physical Silver ETC 11.72% 39.96% 59.63% 60.04% 123.05%
Invesco Physical Silver 11.71% 39.97% 59.63% 60.03% 123.09%
Xtrackers IE Physical Silver ETC Securities 11.72% 40.00% 59.61% 60.03% 123.02%
Xtrackers Physical Silver ETC (EUR) 11.70% 39.91% 59.45% 59.71% 113.58%
WisdomTree Physical Silver 11.68% 39.84% 59.33% 59.56% 120.99%
Invesco Physical Platinum 2.40% 22.65% 49.98% 59.03% 42.71%
iShares Physical Platinum ETC 2.37% 22.63% 49.93% 58.98% 42.65%
Xtrackers IE Physical Platinum ETC Securities 2.39% 22.62% 49.85% 58.76% 41.88%
WisdomTree Physical Platinum 2.39% 22.58% 49.76% 58.56% 41.44%
Xtrackers IE Physical Gold EUR Hedged ETC Securities 4.70% 21.30% 25.88% 53.29% 119.18%
Invesco Physical Gold EUR Hedged ETC 4.71% 21.30% 25.86% 53.25% 119.19%
Xtrackers Physical Gold EUR Hedged ETC 4.68% 21.25% 25.76% 53.14% 119.17%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC 4.67% 21.26% 25.89% 52.66% -
Xtrackers IE Physical Gold GBP Hedged ETC Securities 5.45% 20.71% 22.30% 48.84% 126.80%
Invesco Physical Gold GBP Hedged ETC 5.45% 20.67% 22.28% 48.78% 126.84%
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC 5.45% 20.63% 22.30% 48.69% -
Xtrackers Physical Gold GBP Hedged ETC 5.41% 20.64% 22.16% 48.51% 126.49%
WisdomTree Precious Metals 7.92% 26.42% 33.62% 47.17% 108.80%
WisdomTree Physical Precious Metals 5.74% 27.57% 35.17% 46.12% 71.10%
WisdomTree Core Physical Gold 4.77% 23.15% 25.29% 44.20% 113.66%
Invesco Physical Gold A 4.77% 23.16% 25.28% 44.19% 113.65%
Xtrackers IE Physical Gold ETC Securities 4.77% 23.17% 25.30% 44.19% 113.72%
WisdomTree Physical Swiss Gold 4.77% 23.15% 25.27% 44.16% 113.47%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 4.75% 23.07% 25.18% 44.00% 112.74%
Xtrackers Physical Gold ETC 4.76% 23.11% 25.20% 44.00% 112.80%
Xtrackers Physical Gold ETC (EUR) 4.76% 23.11% 25.20% 44.00% 112.80%
WisdomTree Physical Gold 4.75% 23.07% 25.12% 43.80% 111.92%
Gold Bullion Securities 4.75% 23.07% 25.11% 43.79% 111.87%
Janus Henderson SMO Physical Gold ETC 4.76% 22.44% 24.47% 42.63% -
WisdomTree Gold 5.17% 21.85% 24.60% 41.77% 103.81%
IncomeShares Gold+ Yield ETP 2.97% 18.72% 22.88% 37.99% -
iShares Physical Palladium ETC 1.24% 33.33% 47.14% 34.28% -32.31%
Invesco Physical Palladium 1.25% 33.34% 47.12% 34.27% -32.30%
WisdomTree Physical Palladium 1.21% 33.25% 46.90% 33.86% -32.91%
IncomeShares Silver+ Yield ETP 8.85% 30.85% - - -
ETF   2025
in %		 2024
in %		 2023
in %		 2022
in %		 2021
in %
Xtrackers Physical Rhodium ETC 92.58% -0.83% -62.17% 1.45% -8.46%
Xtrackers Physical Silver EUR Hedged ETC 77.21% 18.17% -4.26% -0.23% -14.21%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 76.55% 17.72% -4.64% -0.68% -14.52%
Xtrackers Physical Platinum EUR Hedged ETC 72.30% -11.50% -8.70% 6.78% -11.73%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities 71.64% -11.93% -8.97% 5.52% -11.53%
WisdomTree Silver 67.83% 26.88% -5.34% 7.20% -5.90%
WisdomTree Core Physical Silver 65.07% - - - -
Xtrackers IE Physical Silver ETC Securities 65.06% 28.98% -4.30% 9.93% -5.13%
Xtrackers Physical Silver ETC (EUR) 64.73% 28.70% -10.45% 3.30% 7.28%
Xtrackers IE Physical Platinum ETC Securities 59.71% -3.71% -8.94% 16.20% -1.95%
WisdomTree Physical Platinum 55.85% -3.85% -9.26% 16.98% -3.90%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC 55.75% - - - -
Xtrackers IE Physical Gold EUR Hedged ETC Securities 55.23% 23.83% 9.97% -2.05% -5.86%
Invesco Physical Gold EUR Hedged ETC 55.18% 24.14% 10.04% -2.18% -5.87%
Xtrackers Physical Gold EUR Hedged ETC 55.07% 23.59% 10.50% -3.24% -4.86%
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC 50.73% - - - -
Xtrackers IE Physical Gold GBP Hedged ETC Securities 50.36% 31.22% 13.77% -6.93% 1.52%
Invesco Physical Gold GBP Hedged ETC 50.34% 31.10% 13.77% -6.94% 1.48%
Xtrackers Physical Gold GBP Hedged ETC 50.06% 31.15% 14.23% -7.20% 1.66%
Invesco Physical Silver 48.78% 28.97% -4.27% 10.02% -5.73%
WisdomTree Precious Metals 48.42% 31.82% 4.03% 4.64% 0.64%
iShares Physical Silver ETC 48.13% 28.99% -4.32% 9.96% -5.69%
Xtrackers Physical Gold ETC 47.80% 34.30% 9.57% 5.47% 3.84%
Gold Bullion Securities 46.88% 34.11% 9.40% 5.32% 3.69%
WisdomTree Physical Silver 45.59% 28.58% -4.57% 9.59% -5.90%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 44.87% 33.21% 10.36% 6.43% 2.99%
Xtrackers IE Physical Gold ETC Securities 44.23% 34.28% 9.43% 6.99% 3.80%
Xtrackers Physical Gold ETC (EUR) 44.07% 34.30% 9.57% 5.47% 4.01%
Invesco Physical Gold A 44.03% 34.49% 9.71% 5.61% 3.95%
WisdomTree Physical Swiss Gold 44.00% 34.44% 9.68% 5.59% 3.94%
WisdomTree Core Physical Gold 43.89% 34.49% 9.71% 5.61% 3.97%
WisdomTree Physical Gold 43.23% 34.12% 9.41% 5.32% 3.71%
WisdomTree Physical Palladium 42.93% -14.02% -39.88% -2.01% -13.04%
Janus Henderson SMO Physical Gold ETC 42.57% - - - -
WisdomTree Gold 42.38% 33.26% 7.08% 3.73% 2.71%
WisdomTree Physical Precious Metals 40.80% 22.85% -6.66% 5.80% -3.89%
IncomeShares Gold+ Yield ETP 39.31% - - - -
iShares Physical Platinum ETC 37.61% -3.60% -8.98% 17.32% -3.62%
Invesco Physical Platinum 32.41% -3.55% -8.99% 17.33% -3.60%
Invesco Physical Palladium 31.51% -13.76% -39.71% -1.71% -12.73%
iShares Physical Palladium ETC 26.77% -13.79% -39.70% -1.73% -12.70%
IncomeShares Silver+ Yield ETP - - - - -

Source: justETF.com; As of 30/11/2025; Calculations in EUR including dividends