The best precious metals ETFs/ETCs

How to invest in precious metals using ETFs/ETCs

0.00% p.a. - 1.00% p.a.
annual total expense ratio (TER) of precious metals ETFs/ETCs
on precious metals, which are tracked by 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: 2.59%
1 year: 62.11%
3 years: 150.23%
5 years: 163.39%
 

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
iShares Physical Gold ETCIE00B4ND3602 34,297 0.12% p.a. Accumulating Ireland Physically backed
Invesco Physical Gold ETCIE00B579F325 27,089 0.12% p.a. Accumulating Ireland Physically backed
Xetra-GoldDE000A0S9GB0 22,978 0.00% p.a. Accumulating Germany Physically backed
Amundi Physical Gold ETC (C)FR0013416716 11,150 0.12% p.a. Accumulating Ireland Physically backed
WisdomTree Physical GoldJE00B1VS3770 7,456 0.39% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 6,755 0.11% p.a. Accumulating Ireland Physically backed
WisdomTree Physical Swiss GoldJE00B588CD74 4,872 0.15% p.a. Accumulating Jersey Physically backed
Gold Bullion SecuritiesGB00B00FHZ82 4,213 0.40% p.a. Accumulating Jersey Physically backed
EUWAX Gold IIDE000EWG2LD7 4,178 0.00% p.a. Accumulating Germany Physically backed
iShares Physical Silver ETCIE00B4NCWG09 3,370 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Physical SilverJE00B1VS3333 3,145 0.49% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 2,580 0.25% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 2,308 0.59% p.a. Accumulating Jersey Physically backed
WisdomTree Core Physical GoldJE00BN2CJ301 1,568 0.12% p.a. Accumulating Jersey Physically backed
WisdomTree Physical Gold - EUR Daily HedgedJE00B8DFY052 1,524 0.12% p.a. Accumulating Jersey Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 1,515 0.22% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 1,297 0.28% p.a. Accumulating Ireland Physically backed
Invesco Physical Gold EUR Hedged ETCXS2183935274 1,022 0.34% p.a. Accumulating Ireland Physically backed
Invesco Physical SilverIE00B43VDT70 1,011 0.19% p.a. Accumulating Ireland Physically backed
EUWAX GoldDE000EWG0LD1 924 0.00% p.a. Accumulating Germany Physically backed
WisdomTree Core Physical SilverJE00BQRFDY49 812 0.19% p.a. Accumulating Jersey Physically backed
WisdomTree Physical PlatinumJE00B1VS2W53 642 0.49% p.a. Accumulating Jersey Physically backed
Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 641 0.40% p.a. Accumulating Jersey Physically backed
iShares Physical Gold EUR Hedged ETCIE0009JOT9U1 489 0.25% p.a. Accumulating Ireland Physically backed
Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 396 0.75% p.a. Accumulating Jersey Physically backed
iShares Physical Platinum ETCIE00B4LHWP62 386 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Physical Precious MetalsJE00B1VS3W29 362 0.44% p.a. Accumulating Jersey Physically backed
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 311 0.20% p.a. Accumulating Ireland Physically backed
WisdomTree Physical PalladiumJE00B1VS3002 202 0.49% p.a. Accumulating Jersey Physically backed
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETCXS2892963286 174 0.35% p.a. Accumulating Ireland Physically backed
boerse.de Gold ETCDE000TMG0LD6 155 0.00% p.a. Accumulating Germany Physically backed
WisdomTree SilverGB00B15KY328 110 0.49% p.a. Accumulating Jersey Swap-based
WisdomTree GoldGB00B15KXX56 108 0.49% p.a. Accumulating Jersey Swap-based
Xtrackers IE Physical Silver EUR Hedged ETC SecuritiesDE000A2UDH55 102 0.73% p.a. Accumulating Ireland Physically backed
WisdomTree Precious MetalsGB00B15KYF40 101 0.49% p.a. Accumulating Jersey Swap-based
iShares Physical Palladium ETCIE00B4556L06 91 0.20% p.a. Accumulating Ireland Physically backed
Xtrackers Physical Platinum EUR Hedged ETCDE000A1EK0H1 79 0.75% p.a. Accumulating Jersey Physically backed
Invesco Physical PlatinumIE00B40QP990 75 0.19% p.a. Accumulating Ireland Physically backed
Xtrackers IE Physical Platinum ETC SecuritiesDE000A2T0VT7 50 0.38% p.a. Accumulating Ireland Physically backed
WisdomTree Silver - EUR Daily HedgedJE00B5SV2703 48 0.49% p.a. Accumulating Jersey Swap-based
Invesco Physical PalladiumIE00B4LJS984 30 0.19% p.a. Accumulating Ireland Physically backed
WisdomTree Gold - EUR Daily HedgedJE00B4RKQV36 29 0.49% p.a. Accumulating Jersey Swap-based
IncomeShares Gold+ Yield ETPXS2852999775 27 0.35% p.a. Distributing Ireland Full replication
EUWAX Gold CoreDE000EWG4CR2 17 0.25% p.a. Accumulating Germany Physically backed
Xtrackers IE Physical Platinum EUR Hedged ETC SecuritiesDE000A2UDH63 11 0.73% p.a. Accumulating Ireland Physically backed
IncomeShares Silver+ Yield ETPXS3068774614 8 0.35% p.a. Distributing Ireland Full replication
BNPP Gold ETCDE000PS7G0L8 8 0.99% p.a. Accumulating Netherlands Swap-based
WisdomTree Precious Metals - EUR Daily HedgedJE00B78NPQ01 6 0.49% p.a. Accumulating Jersey Swap-based
EUWAX Gold TraceableDE000EWG4TR6 4 0.29% p.a. Accumulating Germany Physically backed
SG ETC Gold Futures-KontraktDE000ETC0738 - 1.00% p.a. Accumulating Germany Swap-based
SG ETC Silver Futures-KontraktDE000ETC0746 - 1.00% p.a. Accumulating Germany Swap-based

Source: justETF.com; As of 14.02.26

 

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 Silver EUR Hedged ETC 35.18% 108.81% 179.64% 215.19% 306.28%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 35.11% 108.64% 179.11% 213.75% 301.14%
iShares Physical Silver ETC 41.30% 104.21% 173.32% 184.15% 305.41%
WisdomTree Core Physical Silver 41.29% 104.21% 173.40% 184.11% -
Xtrackers IE Physical Silver ETC Securities 33.90% 104.22% 173.36% 184.07% 305.43%
Xtrackers Physical Silver ETC (EUR) 33.87% 104.10% 173.04% 183.55% 271.94%
WisdomTree Physical Silver 41.26% 104.06% 172.90% 183.38% 301.99%
Invesco Physical Silver 30.87% 89.16% 153.20% 163.22% 275.63%
SG ETC Silver Futures-Kontrakt 25.63% 92.05% 150.15% 153.14% -
WisdomTree Silver - EUR Daily Hedged 10.93% 60.57% 108.07% 130.54% 185.25%
Xtrackers Physical Platinum EUR Hedged ETC 3.26% 43.45% 72.98% 127.96% 108.74%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities 3.19% 43.38% 72.69% 127.04% 106.08%
WisdomTree Silver 9.88% 57.20% 103.23% 107.43% 181.54%
iShares Physical Platinum ETC 11.84% 40.21% 69.00% 105.36% 106.90%
Xtrackers IE Physical Platinum ETC Securities 2.28% 40.21% 68.80% 104.86% 105.85%
WisdomTree Physical Platinum 11.81% 40.14% 68.70% 104.69% 105.16%
Invesco Physical Platinum 8.09% 35.54% 63.28% 98.40% 100.08%
WisdomTree Physical Precious Metals 21.39% 39.86% 71.90% 84.11% 130.63%
WisdomTree Precious Metals - EUR Daily Hedged 10.56% 29.22% 57.36% 78.33% 134.60%
Invesco Physical Gold EUR Hedged ETC 13.46% 24.00% 49.56% 72.40% 139.17%
iShares Physical Gold EUR Hedged ETC 12.80% 23.28% 48.78% 71.72% 139.95%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC 13.68% 23.24% 48.64% 71.51% -
Xtrackers IE Physical Gold EUR Hedged ETC Securities 12.77% 23.31% 48.73% 71.48% 137.84%
WisdomTree Physical Gold - EUR Daily Hedged 13.68% 23.23% 48.68% 71.45% 138.23%
Xtrackers Physical Gold EUR Hedged ETC 12.79% 23.22% 48.59% 71.28% 137.67%
WisdomTree Precious Metals 9.16% 26.09% 53.24% 60.05% 129.90%
iShares Physical Palladium ETC 14.48% 20.38% 43.49% 59.36% 1.63%
WisdomTree Gold - EUR Daily Hedged 8.44% 16.86% 39.46% 59.08% 113.10%
WisdomTree Physical Palladium 14.46% 20.28% 43.26% 58.87% 0.74%
Invesco Physical Palladium 13.04% 18.86% 41.67% 57.35% 0.38%
Invesco Physical Gold ETC 15.09% 21.51% 46.34% 55.79% 136.77%
EUWAX Gold 12.01% 20.69% 45.91% 55.76% 136.99%
boerse.de Gold ETC 10.89% 21.67% 45.89% 55.72% 136.85%
EUWAX Gold II 9.68% 18.69% 45.92% 55.64% 136.73%
BNPP Gold ETC 9.14% 21.94% 45.80% 54.87% -
iShares Physical Gold ETC 13.98% 20.34% 44.91% 54.31% 134.45%
Xtrackers IE Physical Gold ETC Securities 11.65% 20.34% 44.95% 54.31% 134.50%
Amundi Physical Gold ETC (C) 13.99% 20.35% 44.94% 54.29% 134.51%
WisdomTree Core Physical Gold 13.99% 20.35% 44.93% 54.29% 134.50%
WisdomTree Physical Swiss Gold 13.99% 20.34% 44.91% 54.25% 134.29%
Xtrackers Physical Gold ETC (EUR) 11.68% 20.31% 44.84% 54.09% 133.57%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 12.41% 20.32% 44.80% 54.06% 133.62%
WisdomTree Physical Gold 13.97% 20.27% 44.74% 53.88% 132.61%
Gold Bullion Securities 13.97% 20.27% 44.74% 53.87% 132.54%
SG ETC Gold Futures-Kontrakt 12.34% 21.27% 44.86% 51.82% -
Xetra-Gold 8.70% 17.69% 41.09% 50.55% 129.23%
WisdomTree Gold 7.17% 14.05% 35.86% 42.98% 108.55%
IncomeShares Gold+ Yield ETP 2.85% 9.02% 27.68% 33.26% -
EUWAX Gold Core 13.98% 20.31% 44.85% - -
EUWAX Gold Traceable 13.97% 20.30% 44.81% - -
IncomeShares Silver+ Yield ETP 11.36% 52.02% 88.46% - -
ETF   2026
in %
2025
in %
2024
in %
2023
in %
2022
in %
iShares Physical Silver ETC 37.59% 119.73% 28.99% -4.32% 9.96%
Xtrackers Physical Silver EUR Hedged ETC 35.18% 154.34% 18.17% -4.26% -0.23%
Xtrackers IE Physical Silver EUR Hedged ETC Securities 35.11% 153.19% 17.72% -4.64% -0.68%
Xtrackers IE Physical Silver ETC Securities 33.90% 131.86% 28.98% -4.30% 9.93%
Xtrackers Physical Silver ETC (EUR) 33.87% 131.42% 28.70% -10.45% 3.30%
WisdomTree Core Physical Silver 33.80% 119.82% - - -
SG ETC Silver Futures-Kontrakt 25.63% 119.40% 30.25% - -
Invesco Physical Silver 25.15% 119.75% 28.97% -4.27% 10.02%
WisdomTree Physical Precious Metals 21.86% 63.92% 22.85% -6.66% 5.80%
Gold Bullion Securities 17.16% 45.30% 34.11% 9.40% 5.32%
WisdomTree Physical Palladium 16.09% 51.66% -14.02% -39.88% -2.01%
WisdomTree Physical Silver 15.92% 119.09% 28.58% -4.57% 9.59%
WisdomTree Core Physical Gold 15.30% 45.72% 34.49% 9.71% 5.61%
Invesco Physical Palladium 14.89% 52.12% -13.76% -39.71% -1.71%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 14.47% 47.64% 33.21% 10.36% 6.43%
EUWAX Gold Traceable 13.97% - - - -
Invesco Physical Gold EUR Hedged ETC 13.46% 62.66% 24.14% 10.04% -2.18%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC 12.83% 61.99% - - -
iShares Physical Gold EUR Hedged ETC 12.80% 62.98% 24.69% 10.41% -
Xtrackers Physical Gold EUR Hedged ETC 12.79% 63.32% 23.59% 10.50% -3.24%
Xtrackers IE Physical Gold EUR Hedged ETC Securities 12.77% 63.19% 23.83% 9.97% -2.05%
WisdomTree Physical Gold - EUR Daily Hedged 12.76% 62.29% 22.71% 11.25% -2.42%
Invesco Physical Gold ETC 12.74% 45.71% 34.49% 9.71% 5.61%
SG ETC Gold Futures-Kontrakt 12.34% 45.85% 32.35% - -
EUWAX Gold 12.01% 48.75% 35.15% 9.59% 5.78%
Xtrackers Physical Gold ETC (EUR) 11.68% 48.52% 34.30% 9.57% 5.47%
iShares Physical Gold ETC 11.67% 45.72% 34.47% 9.69% 5.65%
Amundi Physical Gold ETC (C) 11.65% 45.71% 34.49% 9.70% 5.62%
Xtrackers IE Physical Gold ETC Securities 11.65% 48.97% 34.28% 9.43% 6.99%
WisdomTree Physical Swiss Gold 11.64% 45.67% 34.44% 9.68% 5.59%
EUWAX Gold Core 11.58% - - - -
IncomeShares Silver+ Yield ETP 11.36% - - - -
WisdomTree Physical Platinum 11.13% 95.14% -3.85% -9.26% 16.98%
boerse.de Gold ETC 10.89% 47.35% 37.75% 9.58% 4.57%
WisdomTree Physical Gold 9.94% 45.32% 34.12% 9.41% 5.32%
EUWAX Gold II 9.68% 49.34% 37.34% 9.58% 4.50%
Invesco Physical Platinum 9.20% 95.70% -3.55% -8.99% 17.33%
BNPP Gold ETC 9.14% 52.53% 32.93% - -
Xetra-Gold 8.70% 49.12% 34.66% 9.31% 7.11%
WisdomTree Precious Metals - EUR Daily Hedged 6.80% 73.13% 21.45% 5.08% -4.26%
WisdomTree Gold - EUR Daily Hedged 6.55% 56.22% 22.85% 8.19% -4.84%
WisdomTree Precious Metals 5.66% 57.60% 31.82% 4.03% 4.64%
WisdomTree Gold 5.50% 42.09% 33.26% 7.08% 3.73%
WisdomTree Silver - EUR Daily Hedged 3.43% 129.63% 16.55% -4.79% -2.23%
Xtrackers Physical Platinum EUR Hedged ETC 3.26% 135.06% -11.50% -8.70% 6.78%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities 3.19% 134.63% -11.93% -8.97% 5.52%
IncomeShares Gold+ Yield ETP 2.85% 38.61% - - -
iShares Physical Platinum ETC 2.60% 95.71% -3.60% -8.98% 17.32%
WisdomTree Silver 2.44% 108.77% 26.88% -5.34% 7.20%
Xtrackers IE Physical Platinum ETC Securities 2.28% 113.86% -3.71% -8.94% 16.20%
iShares Physical Palladium ETC 1.51% 52.15% -13.79% -39.70% -1.73%

Source: justETF.com; As of 31.01.26; Calculations in EUR including dividends