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The best precious metals ETFs/ETCs

How to invest in precious metals using ETFs/ETCs

0.00% p.a. - 0.99% p.a.
annual total expense ratio (TER) of precious metals ETFs/ETCs
8 Indices
on precious metals, which are tracked by ETFs
27 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: -2.88%
1 year: 7.15%
3 years: 103.08%
5 years: 125.98%
 

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
Amundi Physical Gold ETC (C)FR0013416716 11,688 0.12% p.a. Accumulating Ireland Physically backed
EUWAX Gold IIDE000EWG2LD7 4,377 0.00% p.a. Accumulating Germany Physically backed
iShares Physical Silver ETCIE00B4NCWG09 2,784 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Core Physical GoldJE00BN2CJ301 1,871 0.12% p.a. Accumulating Jersey Physically backed
Invesco Physical Gold EUR Hedged ETCXS2183935274 1,499 0.34% p.a. Accumulating Ireland Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 1,403 0.22% p.a. Accumulating Ireland Physically backed
WisdomTree Physical Gold - EUR Daily HedgedJE00B8DFY052 1,228 0.12% p.a. Accumulating Jersey Physically backed
iShares Physical Gold GBP Hedged ETCIE000Q2P3ZQ3 1,140 0.25% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 1,061 0.28% p.a. Accumulating Ireland Physically backed
WisdomTree Core Physical SilverJE00BQRFDY49 873 0.19% p.a. Accumulating Jersey Physically backed
EUWAX GoldDE000EWG0LD1 803 0.00% p.a. Accumulating Germany Physically backed
iShares Physical Gold EUR Hedged ETCIE0009JOT9U1 640 0.25% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Gold GBP Hedged ETC SecuritiesDE000A2UDH48 483 0.28% p.a. Accumulating Ireland Physically backed
Invesco Physical Gold GBP Hedged ETCXS2183935605 455 0.34% p.a. Accumulating Ireland Physically backed
Invesco Physical Gold II ETCXS3384723154 447 0.12% p.a. Accumulating Ireland Physically backed
iShares Physical Platinum ETCIE00B4LHWP62 301 0.20% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 252 0.20% p.a. Accumulating Ireland Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETCXS2892963286 82 0.35% p.a. Accumulating Ireland Physically backed
iShares Physical Palladium ETCIE00B4556L06 60 0.20% p.a. Accumulating Ireland Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold CHF Hedged ETCXS2892962718 42 0.35% p.a. Accumulating Ireland Physically backed
EUWAX Gold CoreDE000EWG4CR2 24 0.25% p.a. Accumulating Germany Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETCXS2892961827 22 0.35% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Platinum EUR Hedged ETC SecuritiesDE000A2UDH63 9 0.73% p.a. Accumulating Ireland Physically backed
BNPP Gold ETCDE000PS7G0L8 7 0.99% p.a. Accumulating Netherlands Swap-based
Janus Henderson SMO Physical Gold ETCXS2792094604 6 0.29% p.a. Accumulating Ireland Physically backed
EUWAX Gold TraceableDE000EWG4TR6 4 0.29% p.a. Accumulating Germany Physically backed
WisdomTree Physical Silver – EUR Daily HedgedJE00B9GQFM16 1 0.25% p.a. Accumulating Jersey Physically backed

Source: justETF.com; As of 15/10/2026

 

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 %
WisdomTree Core Physical Silver -11.38% 3.60% -13.27% 35.75% -
iShares Physical Silver ETC -11.39% 3.58% -13.28% 35.73% 144.10%
Xtrackers IE Physical Silver ETC Securities -11.39% 3.59% -13.28% 35.71% 144.05%
Amundi Physical Gold ETC (C) -6.96% 4.06% -6.80% 12.75% 107.57%
WisdomTree Core Physical Gold -6.16% 4.06% -6.80% 12.75% 107.55%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC -6.36% 4.05% -6.74% 12.72% 106.97%
EUWAX Gold Core -6.97% 4.02% -6.86% 12.60% -
iShares Physical Platinum ETC -6.71% 9.73% -9.79% 12.59% 72.26%
EUWAX Gold Traceable -6.97% 4.01% -6.88% 12.56% -
EUWAX Gold -7.02% 3.73% -7.54% 11.91% 108.77%
EUWAX Gold II -7.02% 3.74% -7.54% 11.91% 108.55%
BNPP Gold ETC -6.99% 3.42% -7.53% 11.34% 101.40%
iShares Physical Gold GBP Hedged ETC -8.26% 4.42% -6.81% 10.44% 120.01%
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC -8.47% 4.34% -6.90% 10.16% -
Xtrackers IE Physical Gold GBP Hedged ETC Securities -8.27% 4.36% -6.98% 10.12% 118.10%
Invesco Physical Gold GBP Hedged ETC -8.27% 4.36% -6.98% 10.09% 118.21%
iShares Physical Gold EUR Hedged ETC -8.67% 3.17% -8.99% 6.23% 106.99%
WisdomTree Physical Gold - EUR Daily Hedged -8.69% 3.13% -9.03% 6.15% 105.77%
Xtrackers IE Physical Gold EUR Hedged ETC Securities -8.66% 3.10% -9.14% 5.95% 105.15%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC -8.74% 3.07% -9.13% 5.93% -
Invesco Physical Gold EUR Hedged ETC -8.68% 3.07% -9.17% 5.91% 105.17%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities -9.32% 8.44% -12.52% 4.80% 66.92%
HANetf The Royal Mint Responsibly Sourced Physical Gold CHF Hedged ETC -10.04% -0.38% -13.10% 2.11% -
iShares Physical Palladium ETC -13.24% 0.46% -13.66% 2.09% -12.08%
Invesco Physical Gold II ETC -6.12% 4.25% - - -
Janus Henderson SMO Physical Gold ETC - - - - -
WisdomTree Physical Silver – EUR Daily Hedged - - - - -
ETF   2026
in %		 2025
in %		 2024
in %		 2023
in %		 2022
in %
WisdomTree Core Physical Gold 1.38% 45.72% 34.49% 9.71% 5.61%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 0.67% 47.64% 33.21% 10.30% 6.42%
EUWAX Gold Traceable 0.10% - - - -
Invesco Physical Gold GBP Hedged ETC -0.05% 51.75% 31.10% 13.77% -6.94%
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC -0.41% 57.41% - - -
iShares Physical Gold GBP Hedged ETC -0.78% 53.55% 31.79% 14.12% -
Amundi Physical Gold ETC (C) -1.83% 45.71% 34.49% 9.72% 5.61%
EUWAX Gold Core -1.98% - - - -
Xtrackers IE Physical Gold GBP Hedged ETC Securities -2.24% 55.00% 31.22% 13.77% -6.93%
EUWAX Gold -2.52% 48.75% 35.15% 9.59% 5.78%
EUWAX Gold II -4.55% 49.34% 37.34% 9.58% 4.50%
BNPP Gold ETC -5.95% 52.53% 32.93% 9.30% -
iShares Physical Gold EUR Hedged ETC -7.08% 62.98% 24.69% 10.41% -
WisdomTree Physical Gold - EUR Daily Hedged -7.17% 62.29% 22.71% 11.25% -2.42%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC -7.26% 62.33% - - -
Invesco Physical Gold EUR Hedged ETC -7.34% 62.66% 24.14% 10.04% -2.18%
Xtrackers IE Physical Gold EUR Hedged ETC Securities -7.35% 63.19% 23.83% 9.97% -2.05%
HANetf The Royal Mint Responsibly Sourced Physical Gold CHF Hedged ETC -9.90% 60.23% - - -
iShares Physical Silver ETC -15.12% 119.73% 28.99% -4.28% 9.91%
Xtrackers IE Physical Silver ETC Securities -17.39% 119.76% 28.98% -4.30% 9.93%
WisdomTree Core Physical Silver -17.45% 119.82% - - -
iShares Physical Platinum ETC -19.83% 95.71% -3.60% -8.98% 17.32%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities -25.18% 134.63% -11.93% -8.97% 5.52%
iShares Physical Palladium ETC -28.56% 52.15% -13.79% -39.70% -1.73%
Invesco Physical Gold II ETC - - - - -
Janus Henderson SMO Physical Gold ETC - 47.61% - - -
WisdomTree Physical Silver – EUR Daily Hedged - - - - -

Source: justETF.com; As of 30/09/2026; Calculations in EUR including dividends