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. It is mainly due to the large 12.5kg bullion that are held and traded at fund level. Currently, Gold is tracked by 8 ETFs and/or ETCs.

Besides exchange-traded products on Gold in US dollar, there are also currency hedged products in euro, pounds sterling or Swiss francs available. These products are also considered in our comparison.

0.00% p.a. - 0.45% p.a.
annual total expense ratio
track gold
13.14%
return in EUR in 2016 per 30.11.16
Gold-ETFs and Gold-ETCs

The difference between Gold ETFs and Gold ETCs

The diversification principals of the regulatory investment fund framework (UCITS) do not allow to launch a UCITS fund with only one constituent like Gold. 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 contract to the EU, Swiss regulation allows for Gold ETFs.

 

Cost of Gold ETFs/ETCs

The total expense ratio (TER) of Gold ETCs is between 0.00% p.a. and 0.45% 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 30.11.16

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

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
ETFS Physical GoldDE000A0N62G0 5,144 0.39% p.a. - ETC Physically backed
Xetra-GoldDE000A0S9GB0 4,040 0.45% p.a. - ETC Physically backed
Gold Bullion SecuritiesDE000A0LP781 3,439 0.40% p.a. - ETC Physically backed
db Physical Gold Euro Hedged ETCDE000A1EK0G3 821 0.45% p.a. Yes
(in EUR)
ETC Physically backed
db Physical Gold ETC (EUR)DE000A1E0HR8 534 0.45% p.a. - ETC Physically backed
ETFS Physical Swiss GoldDE000A1DCTL3 384 0.39% p.a. - ETC Physically backed
EUWAX GoldDE000EWG0LD1 214 0.00% p.a. - ETC Physically backed
ETFS EUR Daily Hedged Physical GoldDE000A1RX996 206 0.39% p.a. Yes
(in EUR)
ETC Physically backed

Source: justETF.com; As of 09.12.16

 

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 %
EUWAX Gold -4.38% -6.14% 2.30% 10.25% 20.43%
Xetra-Gold -4.73% -6.24% 2.12% 10.11% 20.45%
db Physical Gold ETC (EUR) -4.99% -6.22% 2.03% 10.03% 19.27%
ETFS Physical Gold -4.99% -6.23% 1.25% 9.93% 18.94%
ETFS Physical Swiss Gold -4.99% -6.24% 1.26% 9.93% 18.93%
Gold Bullion Securities -4.99% -6.25% 1.23% 9.89% 18.83%
db Physical Gold Euro Hedged ETC -7.69% -11.19% -3.41% 8.48% -10.38%
ETFS EUR Daily Hedged Physical Gold -8.44% -11.49% -4.74% 6.74% -11.68%
ETF/ETC   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
EUWAX Gold 13.56% 0.35% 9.38% -30.44% -
Xetra-Gold 13.44% 0.32% 11.38% -30.54% 3.88%
db Physical Gold ETC (EUR) 13.22% -1.51% 13.04% -31.12% 6.27%
ETFS Physical Gold 13.14% -1.61% 12.94% -31.20% 3.24%
ETFS Physical Swiss Gold 13.14% -1.61% 12.93% -31.19% 3.24%
Gold Bullion Securities 13.10% -1.64% 12.90% -31.21% 3.21%
db Physical Gold Euro Hedged ETC 8.65% -12.94% -1.10% -28.76% 6.95%
ETFS EUR Daily Hedged Physical Gold 7.43% -13.72% -1.77% - -

Source: justETF.com; As of 30.11.16; Calculations in EUR including dividends