The best precious metals ETFs/ETCs
How to invest in precious metals using 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:- Energy: oil and gas
- Precious metals: gold, silver and platinum
- Industrial metals: e.g. zinc and copper
- Agriculture: including wheat and coffee
- Livestock: live cattle and lean hogs
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
Precious metals ETFs/ETCs in comparison
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 | 32,537 | 0.12% p.a. | Accumulating | Ireland | Physically backed | |
| Invesco Physical Gold ETCIE00B579F325 | 25,073 | 0.12% p.a. | Accumulating | Ireland | Physically backed | |
| Xetra-GoldDE000A0S9GB0 | 21,209 | 0.00% p.a. | Accumulating | Germany | Physically backed | |
| Amundi Physical Gold ETC (C)FR0013416716 | 10,442 | 0.12% p.a. | Accumulating | Ireland | Physically backed | |
| WisdomTree Physical GoldJE00B1VS3770 | 6,426 | 0.39% p.a. | Accumulating | Jersey | Physically backed | |
| Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 | 6,039 | 0.11% p.a. | Accumulating | Ireland | Physically backed | |
| WisdomTree Physical Swiss GoldJE00B588CD74 | 4,424 | 0.15% p.a. | Accumulating | Jersey | Physically backed | |
| EUWAX Gold IIDE000EWG2LD7 | 4,115 | 0.00% p.a. | Accumulating | Germany | Physically backed | |
| Gold Bullion SecuritiesGB00B00FHZ82 | 3,733 | 0.40% p.a. | Accumulating | Jersey | Physically backed | |
| iShares Physical Silver ETCIE00B4NCWG09 | 2,996 | 0.20% p.a. | Accumulating | Ireland | Physically backed | |
| WisdomTree Physical SilverJE00B1VS3333 | 2,820 | 0.49% p.a. | Accumulating | Jersey | Physically backed | |
| Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 | 2,369 | 0.25% p.a. | Accumulating | Jersey | Physically backed | |
| Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 | 2,010 | 0.59% p.a. | Accumulating | Jersey | Physically backed | |
| WisdomTree Core Physical GoldJE00BN2CJ301 | 1,938 | 0.12% p.a. | Accumulating | Jersey | Physically backed | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 | 1,407 | 0.22% p.a. | Accumulating | Ireland | Physically backed | |
| WisdomTree Physical Gold - EUR Daily HedgedJE00B8DFY052 | 1,210 | 0.12% p.a. | Accumulating | Jersey | Physically backed | |
| Invesco Physical Gold EUR Hedged ETCXS2183935274 | 1,161 | 0.34% p.a. | Accumulating | Ireland | Physically backed | |
| Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 | 1,127 | 0.28% p.a. | Accumulating | Ireland | Physically backed | |
| Invesco Physical SilverIE00B43VDT70 | 925 | 0.19% p.a. | Accumulating | Ireland | Physically backed | |
| EUWAX GoldDE000EWG0LD1 | 844 | 0.00% p.a. | Accumulating | Germany | Physically backed | |
| WisdomTree Core Physical SilverJE00BQRFDY49 | 833 | 0.19% p.a. | Accumulating | Jersey | Physically backed | |
| iShares Physical Gold EUR Hedged ETCIE0009JOT9U1 | 639 | 0.25% p.a. | Accumulating | Ireland | Physically backed | |
| Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 | 564 | 0.40% p.a. | Accumulating | Jersey | Physically backed | |
| WisdomTree Physical PlatinumJE00B1VS2W53 | 501 | 0.49% p.a. | Accumulating | Jersey | Physically backed | |
| WisdomTree Physical Precious MetalsJE00B1VS3W29 | 354 | 0.44% p.a. | Accumulating | Jersey | Physically backed | |
| iShares Physical Platinum ETCIE00B4LHWP62 | 338 | 0.20% p.a. | Accumulating | Ireland | Physically backed | |
| Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 | 334 | 0.75% p.a. | Accumulating | Jersey | Physically backed | |
| Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 | 279 | 0.20% p.a. | Accumulating | Ireland | Physically backed | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETCXS2892963286 | 159 | 0.35% p.a. | Accumulating | Ireland | Physically backed | |
| boerse.de Gold ETCDE000TMG0LD6 | 145 | 0.00% p.a. | Accumulating | Germany | Physically backed | |
| WisdomTree Physical PalladiumJE00B1VS3002 | 142 | 0.49% p.a. | Accumulating | Jersey | Physically backed | |
| WisdomTree SilverGB00B15KY328 | 105 | 0.49% p.a. | Accumulating | Jersey | Swap-based | |
| WisdomTree GoldGB00B15KXX56 | 96 | 0.49% p.a. | Accumulating | Jersey | Swap-based | |
| WisdomTree Precious MetalsGB00B15KYF40 | 92 | 0.49% p.a. | Accumulating | Jersey | Swap-based | |
| Xtrackers IE Physical Silver EUR Hedged ETC SecuritiesDE000A2UDH55 | 84 | 0.73% p.a. | Accumulating | Ireland | Physically backed | |
| Invesco Physical PlatinumIE00B40QP990 | 67 | 0.19% p.a. | Accumulating | Ireland | Physically backed | |
| iShares Physical Palladium ETCIE00B4556L06 | 66 | 0.20% p.a. | Accumulating | Ireland | Physically backed | |
| Xtrackers Physical Platinum EUR Hedged ETCDE000A1EK0H1 | 60 | 0.75% p.a. | Accumulating | Jersey | Physically backed | |
| WisdomTree Silver - EUR Daily HedgedJE00B5SV2703 | 50 | 0.49% p.a. | Accumulating | Jersey | Swap-based | |
| Xtrackers IE Physical Platinum ETC SecuritiesDE000A2T0VT7 | 45 | 0.38% p.a. | Accumulating | Ireland | Physically backed | |
| IncomeShares Gold+ Yield ETPXS2852999775 | 35 | 0.35% p.a. | Distributing | Ireland | Full replication | |
| Invesco Physical PalladiumIE00B4LJS984 | 26 | 0.19% p.a. | Accumulating | Ireland | Physically backed | |
| WisdomTree Gold - EUR Daily HedgedJE00B4RKQV36 | 26 | 0.49% p.a. | Accumulating | Jersey | Swap-based | |
| EUWAX Gold CoreDE000EWG4CR2 | 20 | 0.25% p.a. | Accumulating | Germany | Physically backed | |
| IncomeShares Silver+ Yield ETPXS3068774614 | 10 | 0.35% p.a. | Distributing | Ireland | Full replication | |
| Xtrackers IE Physical Platinum EUR Hedged ETC SecuritiesDE000A2UDH63 | 10 | 0.73% p.a. | Accumulating | Ireland | Physically backed | |
| BNPP Gold ETCDE000PS7G0L8 | 8 | 0.99% p.a. | Accumulating | Netherlands | Swap-based | |
| WisdomTree Precious Metals - EUR Daily HedgedJE00B78NPQ01 | 7 | 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 06.06.26
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 % | |
|---|---|---|---|---|---|---|
| Invesco Physical Silver | 3.54% | -14.64% | 39.51% | 122.70% | 197.22% | |
| iShares Physical Silver ETC | 3.54% | -14.65% | 39.50% | 122.68% | 197.12% | |
| WisdomTree Core Physical Silver | 3.53% | -14.66% | 39.48% | 122.66% | - | |
| Xtrackers IE Physical Silver ETC Securities | 3.54% | -14.66% | 39.49% | 122.64% | 197.19% | |
| Xtrackers Physical Silver ETC (EUR) | 3.52% | -14.69% | 39.35% | 122.20% | 195.38% | |
| WisdomTree Physical Silver | 3.51% | -14.71% | 39.30% | 121.95% | 194.53% | |
| SG ETC Silver Futures-Kontrakt | 4.02% | -18.04% | 34.26% | 119.39% | - | |
| Xtrackers Physical Silver EUR Hedged ETC | 2.75% | -16.95% | 37.12% | 119.21% | 193.60% | |
| WisdomTree Silver | 3.22% | -17.62% | 31.56% | 118.98% | 178.34% | |
| Xtrackers IE Physical Silver EUR Hedged ETC Securities | 2.70% | -17.06% | 36.80% | 118.34% | 189.97% | |
| WisdomTree Silver - EUR Daily Hedged | 2.36% | -19.60% | 29.76% | 117.22% | 178.62% | |
| Invesco Physical Platinum | -1.26% | -17.55% | 16.49% | 74.71% | 75.08% | |
| iShares Physical Platinum ETC | -1.25% | -17.56% | 16.48% | 74.63% | 75.02% | |
| Xtrackers IE Physical Platinum ETC Securities | -1.27% | -17.58% | 16.37% | 74.38% | 74.08% | |
| WisdomTree Physical Platinum | -1.29% | -17.61% | 16.30% | 74.17% | 73.51% | |
| Xtrackers Physical Platinum EUR Hedged ETC | -1.99% | -19.49% | 15.09% | 73.10% | 74.86% | |
| Xtrackers IE Physical Platinum EUR Hedged ETC Securities | -2.04% | -19.58% | 14.84% | 72.51% | 72.68% | |
| WisdomTree Physical Precious Metals | -0.25% | -13.95% | 14.04% | 54.15% | 100.54% | |
| WisdomTree Precious Metals | -0.07% | -13.22% | 14.20% | 52.60% | 122.67% | |
| WisdomTree Precious Metals - EUR Daily Hedged | -0.74% | -15.01% | 13.47% | 52.39% | 125.54% | |
| Invesco Physical Palladium | -6.29% | -21.78% | -5.15% | 39.54% | -9.17% | |
| iShares Physical Palladium ETC | -6.29% | -21.79% | -5.17% | 39.54% | -9.20% | |
| WisdomTree Physical Palladium | -6.31% | -21.84% | -5.29% | 39.14% | -9.98% | |
| EUWAX Gold II | -0.50% | -13.39% | 8.08% | 35.46% | 111.82% | |
| EUWAX Gold | -0.50% | -12.45% | 8.07% | 35.44% | 112.03% | |
| boerse.de Gold ETC | -0.49% | -12.31% | 8.07% | 35.43% | 111.94% | |
| Xetra-Gold | -0.54% | -11.45% | 7.99% | 35.14% | 111.83% | |
| Xtrackers IE Physical Gold ETC Securities | -0.94% | -11.77% | 7.68% | 34.92% | 111.63% | |
| Amundi Physical Gold ETC (C) | -0.93% | -11.77% | 7.68% | 34.91% | 111.54% | |
| iShares Physical Gold ETC | -0.94% | -11.78% | 7.68% | 34.91% | 111.56% | |
| Invesco Physical Gold ETC | -0.94% | -11.77% | 7.68% | 34.90% | 111.56% | |
| WisdomTree Core Physical Gold | -0.94% | -11.78% | 7.68% | 34.90% | 111.56% | |
| WisdomTree Physical Swiss Gold | -0.94% | -11.78% | 7.66% | 34.87% | 111.37% | |
| Xtrackers Physical Gold ETC (EUR) | -0.95% | -11.80% | 7.61% | 34.72% | 110.72% | |
| iShares Physical Gold EUR Hedged ETC | -1.62% | -13.51% | 6.88% | 34.69% | 114.70% | |
| EUWAX Gold Core | -0.95% | -11.80% | 7.61% | 34.57% | - | |
| WisdomTree Physical Gold | -0.96% | -11.83% | 7.53% | 34.54% | 109.85% | |
| WisdomTree Physical Gold - EUR Daily Hedged | -1.65% | -13.51% | 6.85% | 34.54% | 113.21% | |
| Gold Bullion Securities | -0.96% | -11.84% | 7.53% | 34.53% | 109.78% | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | -1.13% | -11.95% | 7.44% | 34.50% | 110.41% | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC | -1.64% | -13.61% | 6.79% | 34.43% | - | |
| BNPP Gold ETC | -0.52% | -11.65% | 7.52% | 34.39% | - | |
| EUWAX Gold Traceable | -0.95% | -11.81% | 7.58% | 34.38% | - | |
| Xtrackers IE Physical Gold EUR Hedged ETC Securities | -1.64% | -13.68% | 6.76% | 34.38% | 112.61% | |
| Invesco Physical Gold EUR Hedged ETC | -1.65% | -13.69% | 6.72% | 34.32% | 112.67% | |
| Xtrackers Physical Gold EUR Hedged ETC | -1.65% | -13.70% | 6.69% | 34.17% | 112.31% | |
| SG ETC Gold Futures-Kontrakt | -0.63% | -11.88% | 7.00% | 33.44% | - | |
| WisdomTree Gold | -0.85% | -12.03% | 6.18% | 32.30% | 100.88% | |
| WisdomTree Gold - EUR Daily Hedged | -1.56% | -13.84% | 5.41% | 32.09% | 103.35% | |
| IncomeShares Gold+ Yield ETP | -1.74% | -10.86% | 2.54% | 26.00% | - | |
| IncomeShares Silver+ Yield ETP | 2.39% | -16.20% | 30.67% | - | - |
| ETF | 2026 in % | 2025 in % | 2024 in % | 2023 in % | 2022 in % | |
|---|---|---|---|---|---|---|
| Gold Bullion Securities | 9.29% | 45.30% | 34.11% | 9.40% | 5.32% | |
| WisdomTree Core Physical Gold | 7.65% | 45.72% | 34.49% | 9.71% | 5.61% | |
| IncomeShares Silver+ Yield ETP | 6.96% | - | - | - | - | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 6.67% | 47.64% | 33.21% | 10.36% | 6.43% | |
| EUWAX Gold Traceable | 6.36% | - | - | - | - | |
| Xetra-Gold | 4.77% | 49.12% | 34.66% | 9.31% | 7.11% | |
| EUWAX Gold | 4.50% | 48.75% | 35.15% | 9.59% | 5.78% | |
| iShares Physical Gold ETC | 4.27% | 45.72% | 34.47% | 9.69% | 5.65% | |
| Amundi Physical Gold ETC (C) | 4.25% | 45.71% | 34.49% | 9.70% | 5.62% | |
| Invesco Physical Gold ETC | 4.25% | 45.71% | 34.49% | 9.71% | 5.61% | |
| Xtrackers IE Physical Gold ETC Securities | 4.25% | 48.97% | 34.28% | 9.43% | 6.99% | |
| WisdomTree Physical Swiss Gold | 4.23% | 45.67% | 34.44% | 9.68% | 5.59% | |
| Xtrackers Physical Gold ETC (EUR) | 4.23% | 48.52% | 34.30% | 9.57% | 5.47% | |
| WisdomTree Physical Precious Metals | 4.21% | 63.92% | 22.85% | -6.66% | 5.80% | |
| EUWAX Gold Core | 4.14% | - | - | - | - | |
| SG ETC Gold Futures-Kontrakt | 3.96% | 45.85% | 32.35% | - | - | |
| WisdomTree Precious Metals | 3.95% | 57.60% | 31.82% | 4.03% | 4.64% | |
| WisdomTree Gold | 3.84% | 42.09% | 33.26% | 7.08% | 3.73% | |
| boerse.de Gold ETC | 3.46% | 47.35% | 37.75% | 9.58% | 4.57% | |
| iShares Physical Silver ETC | 3.37% | 119.73% | 28.99% | -4.32% | 9.96% | |
| WisdomTree Physical Gold | 2.56% | 45.32% | 34.12% | 9.41% | 5.32% | |
| EUWAX Gold II | 2.33% | 49.34% | 37.34% | 9.58% | 4.50% | |
| iShares Physical Gold EUR Hedged ETC | 1.98% | 62.98% | 24.69% | 10.41% | - | |
| WisdomTree Physical Gold - EUR Daily Hedged | 1.92% | 62.29% | 22.71% | 11.25% | -2.42% | |
| HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC | 1.91% | 61.99% | - | - | - | |
| Invesco Physical Gold EUR Hedged ETC | 1.82% | 62.66% | 24.14% | 10.04% | -2.18% | |
| Xtrackers IE Physical Gold EUR Hedged ETC Securities | 1.79% | 63.19% | 23.83% | 9.97% | -2.05% | |
| Xtrackers Physical Gold EUR Hedged ETC | 1.78% | 63.32% | 23.59% | 10.50% | -3.24% | |
| WisdomTree Precious Metals - EUR Daily Hedged | 1.73% | 73.13% | 21.45% | 5.08% | -4.26% | |
| WisdomTree Gold - EUR Daily Hedged | 1.54% | 56.22% | 22.85% | 8.19% | -4.84% | |
| Invesco Physical Silver | 1.51% | 119.75% | 28.97% | -4.27% | 10.02% | |
| IncomeShares Gold+ Yield ETP | 1.40% | 38.61% | - | - | - | |
| BNPP Gold ETC | 1.02% | 52.53% | 32.93% | - | - | |
| SG ETC Silver Futures-Kontrakt | 0.89% | 119.40% | 30.25% | - | - | |
| WisdomTree Silver | 0.64% | 108.77% | 26.88% | -5.34% | 7.20% | |
| Xtrackers IE Physical Silver ETC Securities | 0.59% | 131.86% | 28.98% | -4.30% | 9.93% | |
| WisdomTree Core Physical Silver | 0.51% | 119.82% | - | - | - | |
| Xtrackers Physical Silver ETC (EUR) | 0.51% | 131.42% | 28.70% | -10.45% | 3.30% | |
| WisdomTree Silver - EUR Daily Hedged | -2.01% | 129.63% | 16.55% | -4.79% | -2.23% | |
| Xtrackers Physical Silver EUR Hedged ETC | -2.54% | 154.34% | 18.17% | -4.26% | -0.23% | |
| Xtrackers IE Physical Silver EUR Hedged ETC Securities | -2.75% | 153.19% | 17.72% | -4.64% | -0.68% | |
| Invesco Physical Platinum | -3.25% | 95.70% | -3.55% | -8.99% | 17.33% | |
| WisdomTree Physical Platinum | -4.94% | 95.14% | -3.85% | -9.26% | 16.98% | |
| Invesco Physical Palladium | -9.48% | 52.12% | -13.76% | -39.71% | -1.71% | |
| WisdomTree Physical Palladium | -9.78% | 51.66% | -14.02% | -39.88% | -2.01% | |
| iShares Physical Platinum ETC | -12.17% | 95.71% | -3.60% | -8.98% | 17.32% | |
| Xtrackers IE Physical Platinum ETC Securities | -12.49% | 113.86% | -3.71% | -8.94% | 16.20% | |
| WisdomTree Physical Silver | -12.99% | 119.09% | 28.58% | -4.57% | 9.59% | |
| Xtrackers Physical Platinum EUR Hedged ETC | -14.71% | 135.06% | -11.50% | -8.70% | 6.78% | |
| Xtrackers IE Physical Platinum EUR Hedged ETC Securities | -14.90% | 134.63% | -11.93% | -8.97% | 5.52% | |
| iShares Physical Palladium ETC | -21.05% | 52.15% | -13.79% | -39.70% | -1.73% |
Source: justETF.com; As of 31.05.26; Calculations in EUR including dividends
