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 also currency hedged products available. These products are also considered in our comparison.

0.15% p.a. - 0.69% p.a.
annual total expense ratio
track gold
9.54%
return in EUR in 2020 per 30/11/20
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 exchange-traded commodity (ETC) in European countries. These products are certificates issued by a financial institution collateralized 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 0.15% p.a. and 0.69% 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 30/11/20

All Gold ETFs/ETCs ranked by fund return

 

The largest Gold ETF/ETC by fund size in GBP

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 GBP
TER
in %
Currency hedge Instrument type Replication method
iShares Physical Gold ETCIE00B4ND3602 10,537 0.15% p.a. - ETC Physically backed
Invesco Physical Gold AIE00B579F325 10,223 0.15% p.a. - ETC Physically backed
WisdomTree Physical GoldJE00B1VS3770 5,439 0.39% p.a. - ETC Physically backed
Gold Bullion SecuritiesGB00B00FHZ82 3,369 0.40% p.a. - ETC Physically backed
Gold Bullion SecuritiesDE000A0LP781 3,366 0.40% p.a. - ETC Physically backed
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 2,888 0.25% p.a. - ETC Physically backed
WisdomTree Physical Swiss GoldJE00B588CD74 2,735 0.15% p.a. - ETC Physically backed
WisdomTree Physical Swiss GoldDE000A1DCTL3 2,733 0.15% p.a. - ETC Physically backed
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 2,596 0.59% p.a. Yes
(in EUR)
ETC Physically backed
WisdomTree Physical Gold - GBP Daily HedgedJE00B7VG2M16 1,038 0.25% p.a. Yes
(in GBP)
ETC Physically backed
Xtrackers Physical Gold ETCGB00B5840F36 837 0.25% p.a. - ETC Physically backed
HANetf The Royal Mint Physical Gold ETC SecuritiesXS2115336336 274 0.22% p.a. - ETC Physically backed
Xtrackers Physical Gold GBP Hedged ETCGB00B68FL050 247 0.69% p.a. Yes
(in GBP)
ETC Physically backed
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 162 0.15% p.a. - ETC Physically backed
Xtrackers IE Physical Gold GBP Hedged ETC SecuritiesDE000A2UDH48 95 0.15% p.a. Yes
(in GBP)
ETC Physically backed
Invesco Physical Gold GBP Hedged ETCXS2183935605 26 0.19% p.a. Yes
(in GBP)
ETC Physically backed

Source: justETF.com; As of 01/12/20

 

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 %
Xtrackers Physical Gold EUR Hedged ETC -6.05% -9.77% 1.19% 25.16% 28.76%
Xtrackers Physical Gold GBP Hedged ETC -5.46% -9.85% 2.21% 19.61% 29.68%
WisdomTree Physical Gold - GBP Daily Hedged -5.43% -9.81% 1.88% 19.05% 26.79%
WisdomTree Physical Swiss Gold -8.26% -9.66% -4.95% 17.93% 40.59%
Xtrackers Physical Gold ETC (EUR) -8.27% -9.73% -4.91% 17.89% 40.52%
Gold Bullion Securities -8.25% -9.75% -4.97% 17.79% 39.89%
Invesco Physical Gold A -7.97% -9.64% -4.93% 17.59% 39.42%
WisdomTree Physical Swiss Gold -7.95% -9.64% -4.63% 17.38% 39.68%
iShares Physical Gold ETC -7.94% -9.63% -4.92% 17.37% 39.61%
Xtrackers Physical Gold ETC -7.95% -9.64% -4.96% 17.31% 39.57%
WisdomTree Physical Gold -7.95% -9.69% -5.07% 17.15% 38.99%
Gold Bullion Securities -7.97% -9.68% -5.07% 17.14% 38.89%
HANetf The Royal Mint Physical Gold ETC Securities -7.94% -9.63% -5.33% - -
Invesco Physical Gold GBP Hedged ETC -5.62% -9.56% - - -
Xtrackers IE Physical Gold ETC Securities -8.28% -10.07% - - -
Xtrackers IE Physical Gold GBP Hedged ETC Securities -5.61% -10.00% - - -
ETF/ETC   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Xtrackers Physical Gold EUR Hedged ETC 21.56% 7.40% -3.23% 12.64% 24.26%
Xtrackers Physical Gold ETC (EUR) 16.02% 13.86% 4.77% 1.60% 31.08%
Gold Bullion Securities 15.87% 13.70% 4.57% 1.44% 30.90%
WisdomTree Physical Swiss Gold 15.65% 14.25% 4.86% 1.57% 30.94%
iShares Physical Gold ETC 15.60% 14.87% 3.75% 1.99% 31.17%
WisdomTree Physical Swiss Gold 15.60% 14.72% 4.25% 1.62% 30.94%
Invesco Physical Gold A 15.55% 14.92% 4.09% 1.57% 31.13%
Xtrackers Physical Gold ETC 15.55% 14.72% 4.31% 1.54% 31.07%
Gold Bullion Securities 15.39% 12.89% 5.15% 1.86% 30.90%
WisdomTree Physical Gold 15.39% 13.97% 5.57% 0.58% 30.96%
Xtrackers Physical Gold GBP Hedged ETC 14.93% 15.78% -3.57% 9.57% 7.98%
WisdomTree Physical Gold - GBP Daily Hedged 14.71% 14.56% -4.63% 9.27% 6.59%
HANetf The Royal Mint Physical Gold ETC Securities - - - - -
Invesco Physical Gold GBP Hedged ETC - - - - -
Xtrackers IE Physical Gold ETC Securities - - - - -
Xtrackers IE Physical Gold GBP Hedged ETC Securities - - - - -

Source: justETF.com; As of 30/11/20; Calculations in GBP including dividends