The best gold mining ETFs

How do I invest in gold miners?

Investing in gold mining companies is a risky business. The performance of gold mines is highly dependent on the gold price and often reflected disproportionately. However, the gold price is not the only factor that drives the success of gold mining stocks. Production costs are just one further factor which influence the profit of gold miners.

There are several indices available to invest with ETFs in gold mining companies. Besides the size of the companies especially the share of revenues from gold mining is different from index to index. This Investment Guide will help you navigate between the peculiarities of gold mining indices that vary substantially in their methodologies and ETFs that track them. It will allow you to find the most suitable ETFs for you by ranking them according to your preferences.

0,43% p.a. - 0,65% p.a.
indicatore sintetico di spesa annuale (TER) degli ETF su miniere d'oro
miniere d'oro, seguiti dagli ETF
miniere d'oro
I migliori indici per gli ETF su miniere d'oro

Il miglior ETF su miniere d'oro in base al rendimento del fondo ad 1 anno al 30/11/17

Tutti gli ETF su miniere d'oro classificati in base al rendimento del fondo

 

Il più grande ETF su miniere d'oro in base alla dimensione del fondo in Euro

Tutti gli ETF su miniere d'oro classificati in base alla dimensione del fondo

 

Il più economico ETF su miniere d'oro in base all' indicatore sintetico di spesa

Tutti gli ETF su miniere d'oro classificati in base all'indicatore sintetico di spesa

 
 

Performance of gold mining indices in comparison

 

DAXglobal© Gold Miners Index

The DAXglobal® Gold Miners Index represents companies of the gold mining industry that generate at least 50 percent of their revenues with gold mining. The selection of the index constituents is based on market capitalisation and average daily value traded.

 

Methodology of the DAXglobal® Gold Miners Methodology

  • Companies, which generate at least 50% of their revenue with gold mining
  • Selection based on market capitalisation
  • Market capitalisation at least 500 million USD
  • Average daily trading volume (over the last 3 months) must be larger than 2 million USD
  • Weighted by liquidity
  • Each single stock's weighting is capped at 15%
  • Companies ranked by free float market capitalisation
 

MVIS Global Junior Gold Miners Index

The MVIS Global Junior Gold Miners Index tracks the performance of the most liquid junior companies in the global gold and silver mining industry. The pure-play index contains only companies that invest primarily in gold or silver, or generate at least 50% of their revenues from gold or silver mining or own properties that have the potential to generate at least 50% of their revenues from gold or silver mining when developed.

 

Methodology of the MVIS Global Junior Gold Miners Factsheet Methodology

  • Companies, which generate at least 50% of their revenue from gold or silver mining
  • Full market capitalisation of at least 150 million USD
  • Three months average daily trading volume of at least 1 million USD
  • At least 250,000 shares traded per month over the last six months
  • Weighted by modified market capitalisation
  • Each single stock's weighting is capped at 8%
 

NYSE Arca Gold BUGS Index

The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index tracks unhedged gold mining companies. The constituents listed within this index are common stocks of selected companies involved in the mining for gold ore, not hedged beyond 1.5 years of production, and listed on the NYSE, NASDAQ, NYSE MKT, or another major U.S. exchange.

 

Methodology of the NYSE Arca Gold BUGS Methodology

  • Companies, that don’t hedge their production beyond 1.5 years
  • Companies have to gain most of their revenue through gold mining
  • Market capitalisation must be greater than 75 million USD
  • Monthly volume must be greater than 500,000 shares for each of the last six months
  • Current last traded price must be greater than 3.00 USD
  • Equal-weighting, except for the two largest constituents with a weighting of 15% and the third largest with a weighting of 10% (ranked by market capitalisation)
 

NYSE Arca Gold Miners Index

The NYSE Arca Gold Miners Index generally includes common stocks, ADRs, or GDRs of selected companies involved in mining for gold and silver ore and are listed for trading and electronically quoted on a major stock market that is accessible by foreign investors.

 

Methodology of the NYSE Arca Gold Miners Methodology

  • Companies that derive at least 50% of their revenues from gold or silver mining and related activities
  • Market capitalisation must be greater than 750 million USD for a stock to be eligible, and greater than 500 million USD to remain in the index
  • Average daily volume of at least 50,000 shares over the past three months
  • Average daily value traded of at least 1 million USD over the past three months
  • Each single stock's weighting is capped at 20%
  • Constituents are weighted by modified market capitalisation
 

S&P Commodity Producers Gold Index

The S&P Commodity Producers Gold Index tracks the largest publicly-traded companies involved in the exploration and production of gold and related products around the world.

 

Methodology of the S&P Commodity Producers Gold Factsheet Methodology

  • Market capitalisation must be greater than 500 million USD
  • Existing index constituents must maintain a minimum float adjusted market capitalisation of 250 million USD
  • Stocks must have a three month average daily value traded above 1 million USD
  • Stocks must be trading on a developed market exchange as defined by S&P Dow Jones indices
  • Constituents are weighted by float adjusted market capitalisation
 

Solactive Global Pure Gold Miners Index

The Solactive Global Pure Gold Miners Index tracks the price movements in shares of companies which are active in the gold mining industry. At least 90% of the companies' revenues need to be generated by gold mining activities. A maximum of 30 components are included and weighted by free float market capitalisation.

 

Methodology of the Solactive Global Pure Gold Miners Factsheet Methodology

  • Companies, that gain at least 90% of their revenue by gold mines
  • Average monthly trading volume of at least 75,000 shares in each of the last six months
  • Average daily trading volume in the last three months of at least 2,000,000 USD
  • Free float market capitalisation of at least 1 billion USD
  • Each single stock's weighting is capped at 4.75%
  • Constituents are weighted by free float market capitalisation
  • The index may contain constituents, that don’t meet the liquidity criterion, but the accumulated weight of these constituents is capped at 10%
 
 

ETF su miniere d'oro

I più importanti fattori a colpo d’occhio

Quando si sceglie un ETF miniere d'oro si dovrebbero considerare diversi fattori in aggiunta alla metodologia dell'indice sottostante ed alla performance di un ETF. Per una migliore comparazione, potete trovare una lista di tutti gli ETF su miniere d'oro, classificati in base alla dimensione del fondo con i dettagli relativi alla dimensione, ai costi, alla durata, al domicilio ed al metodo di replica.

Confronta i dettagli di tutti gli ETF su miniere d'oro
Confronto grafico di tutti gli ETF su miniere d'oro

Gestore
ISIN
  Dim. del
fondo
in mln €
TER
in %
Uso dei profitti Domicilio del fondo Metodo di replica
iShares Gold Producers UCITS ETFIE00B6R52036 424 0,55% p.a. Accumulazione Irlanda Replica totale
ComStage NYSE Arca Gold BUGS UCITS ETFLU0488317701 221 0,65% p.a. Distribuzione Lussemburgo Replica totale
ETFS DAXglobal Gold Mining GO UCITS ETFDE000A0Q8NC8 159 0,65% p.a. Accumulazione Irlanda Unfunded swap
VanEck Vectors Gold Miners UCITS ETFIE00BQQP9F84 92 0,53% p.a. Accumulazione Irlanda Replica totale
VanEck Vectors Junior Gold Miners UCITS ETFIE00BQQP9G91 54 0,55% p.a. Accumulazione Irlanda Replica totale
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) A-disIE00B7KMNP07 33 0,43% p.a. Distribuzione Irlanda Replica totale

Fonte: justETF.com; Al 13/12/17

 

Confronto del rendimento di tutti gli ETF miniere d'oro

La tabella mostra i rendimenti di tutti gli ETF su miniere d'oro a confronto. Tutti gli importi dei rendimenti includono i dividendi a fine mese. Oltre ai rendimenti, è importante la data di riferimento alla quale si fa il confronto. Al fine di trovare i migliori ETF, potete effettuare anche un confronto grafico.

ETF   1 mese
in %
3 mesi
in %
6 mesi
in %
1 anno
in %
3 anni
in %
ETFS DAXglobal Gold Mining GO UCITS ETF -2,33% -7,01% -7,65% -0,84% 42,51%
iShares Gold Producers UCITS ETF -3,06% -7,26% -6,16% -2,10% 35,85%
VanEck Vectors Gold Miners UCITS ETF -3,34% -6,91% -6,64% -3,15% -
ComStage NYSE Arca Gold BUGS UCITS ETF -4,05% -10,64% -9,23% -6,81% 19,78%
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) A-dis -3,85% -7,06% -2,81% -8,15% 49,10%
VanEck Vectors Junior Gold Miners UCITS ETF -4,38% -9,13% -6,38% -14,34% -
ETF   2017
in %
2016
in %
2015
in %
2014
in %
2013
in %
ETFS DAXglobal Gold Mining GO UCITS ETF -4,22% 54,15% -7,20% 8,95% -54,52%
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) A-dis -4,66% 65,62% -12,55% 7,41% -54,83%
VanEck Vectors Gold Miners UCITS ETF -4,97% 58,33% - - -
iShares Gold Producers UCITS ETF -5,15% 58,75% -12,77% -1,15% -54,31%
ComStage NYSE Arca Gold BUGS UCITS ETF -9,75% 70,42% -24,98% -5,88% -55,82%
VanEck Vectors Junior Gold Miners UCITS ETF -13,20% 79,33% - - -

Fonte: justETF.com; Al 30/11/17; Calcoli in Euro che includono i dividendi