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. This is mainly due to the large 12.5kg bullion that are held and traded at fund level. Currently, gold is tracked by 16 ETFs and/or ETCs.

Besides exchange-traded products on gold in US dollar, there are currency-hedged products available as well. These products are also considered in our comparison.

0,00% p.a. - 0,59% p.a.
annual total expense ratio
track gold
16,18%
return in EUR in 2024 per 30-06-2024
 
Gold-ETFs and Gold-ETCs

The difference between Gold ETFs and Gold ETCs

The diversification principles of the regulatory investment fund framework (UCITS) do not allow to launch a UCITS fund with only one constituent. Due to this fact, gold is mainly available as an exchange-traded commodity (ETC) in European countries. These products are certificates issued by a financial institution collateralised with physical gold. In contrast to the EU, Swiss regulation allows ETFs for single commodities like gold.

 

Cost of Gold ETFs/ETCs

The total expense ratio (TER) of Gold ETCs is between 0,00% p.a. and 0,59% 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 30-06-2024

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
Invesco Physical Gold AIE00B579F325 13.790 0,12% p.a. - ETC Fysiek gedekt
iShares Physical Gold ETCIE00B4ND3602 13.506 0,12% p.a. - ETC Fysiek gedekt
Xetra-GoldDE000A0S9GB0 12.042 0,00% p.a. - ETC Fysiek gedekt
WisdomTree Physical GoldJE00B1VS3770 4.305 0,39% p.a. - ETC Fysiek gedekt
Amundi Physical Gold ETC (C)FR0013416716 3.941 0,12% p.a. - ETC Fysiek gedekt
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 3.123 0,11% p.a. - ETC Fysiek gedekt
Gold Bullion SecuritiesGB00B00FHZ82 2.585 0,40% p.a. - ETC Fysiek gedekt
WisdomTree Physical Swiss GoldJE00B588CD74 2.393 0,15% p.a. - ETC Fysiek gedekt
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 2.068 0,25% p.a. - ETC Fysiek gedekt
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 1.172 0,59% p.a. Yes
(in EUR)
ETC Fysiek gedekt
HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 777 0,22% p.a. - ETC Fysiek gedekt
WisdomTree Core Physical GoldJE00BN2CJ301 713 0,12% p.a. - ETC Fysiek gedekt
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 603 0,28% p.a. Yes
(in EUR)
ETC Fysiek gedekt
Invesco Physical Gold EUR Hedged ETCXS2183935274 535 0,34% p.a. Yes
(in EUR)
ETC Fysiek gedekt
WisdomTree Physical Gold - EUR Daily HedgedJE00B8DFY052 309 0,25% p.a. Yes
(in EUR)
ETC Fysiek gedekt
iShares Physical Gold EUR Hedged ETCIE0009JOT9U1 32 0,25% p.a. Yes
(in EUR)
ETC Fysiek gedekt

Source: justETF.com; As of 13-07-2024

 

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 %
Xetra-Gold 0,60% 5,81% 16,52% 23,73% 45,83%
WisdomTree Core Physical Gold 0,69% 7,34% 16,50% 23,62% 46,12%
iShares Physical Gold ETC 0,55% 5,73% 16,29% 23,57% 45,98%
Amundi Physical Gold ETC (C) 0,57% 5,76% 16,31% 23,55% 45,50%
Xtrackers IE Physical Gold ETC Securities 0,51% 5,68% 16,26% 23,46% 45,78%
Xtrackers Physical Gold ETC (EUR) 0,56% 5,68% 16,22% 23,37% 45,36%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 0,37% 5,90% 16,13% 23,24% 45,57%
Invesco Physical Gold A 0,40% 5,94% 16,18% 23,11% 46,06%
WisdomTree Physical Swiss Gold 0,41% 6,16% 16,17% 23,03% 45,95%
WisdomTree Physical Gold 0,49% 5,53% 16,02% 22,78% 44,89%
Gold Bullion Securities 0,52% 6,42% 16,02% 22,77% 44,86%
iShares Physical Gold EUR Hedged ETC -0,79% 4,42% 11,69% 18,89% -
WisdomTree Physical Gold - EUR Daily Hedged -0,77% 4,44% 11,55% 18,72% 22,42%
Invesco Physical Gold EUR Hedged ETC -0,80% 4,37% 11,53% 18,47% 21,79%
Xtrackers Physical Gold EUR Hedged ETC -0,83% 4,35% 11,44% 18,43% 22,22%
Xtrackers IE Physical Gold EUR Hedged ETC Securities -0,86% 4,33% 11,49% 18,33% 21,80%
ETF/ETC   2024
in %
2023
in %
2022
in %
2021
in %
2020
in %
Xetra-Gold 16,52% 9,45% 7,05% 4,05% 13,18%
WisdomTree Core Physical Gold 16,50% 9,47% 5,93% 3,89% -
Amundi Physical Gold ETC (C) 16,31% 9,39% 6,97% 3,92% 13,00%
iShares Physical Gold ETC 16,29% 9,46% 7,03% 2,89% 13,69%
Xtrackers IE Physical Gold ETC Securities 16,26% 9,43% 6,99% 3,80% -
Xtrackers Physical Gold ETC (EUR) 16,22% 9,27% 6,83% 3,75% 12,92%
Invesco Physical Gold A 16,18% 9,52% 6,10% 3,91% 13,66%
WisdomTree Physical Swiss Gold 16,17% 9,52% 6,03% 3,91% 13,72%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 16,13% 9,32% 6,00% 3,83% -
Gold Bullion Securities 16,02% 9,23% 5,77% 3,66% 13,46%
WisdomTree Physical Gold 16,02% 9,25% 5,78% 3,67% 13,46%
iShares Physical Gold EUR Hedged ETC 11,69% 10,53% - - -
WisdomTree Physical Gold - EUR Daily Hedged 11,55% 10,27% -2,14% -5,95% 21,34%
Invesco Physical Gold EUR Hedged ETC 11,53% 10,04% -2,18% -5,87% -
Xtrackers IE Physical Gold EUR Hedged ETC Securities 11,49% 9,97% -2,05% -5,86% -
Xtrackers Physical Gold EUR Hedged ETC 11,44% 10,21% -1,97% -5,71% 21,56%

Source: justETF.com; As of 30-06-2024; Calculations in EUR including dividends