The best precious metals ETFs/ETCs

How to invest in precious metals using ETFs/ETCs

0,11% p.a. - 0,95% 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: -9,61%
1 year: 55,66%
3 years: 133,07%
5 years: 166,76%
 

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
Invesco Physical Gold ETCIE00B579F325 25.464 0,12% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Physical GoldJE00B1VS3770 6.837 0,39% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 6.090 0,11% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Physical Swiss GoldJE00B588CD74 4.505 0,15% p.a. Accumulerend Jersey Fysiek gedekt
Gold Bullion SecuritiesGB00B00FHZ82 3.865 0,40% p.a. Accumulerend Jersey Fysiek gedekt
iShares Physical Silver ETCIE00B4NCWG09 2.845 0,20% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Physical SilverJE00B1VS3333 2.794 0,49% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 2.412 0,25% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 2.042 0,59% p.a. Accumulerend Jersey Fysiek gedekt
WisdomTree Core Physical GoldJE00BN2CJ301 1.810 0,12% p.a. Accumulerend Jersey Fysiek gedekt
HANetf The Royal Mint Responsibly Sourced Physical Gold ETCXS2115336336 1.402 0,22% p.a. Accumulerend Ierland Fysiek gedekt
Xtrackers IE Physical Gold EUR Hedged ETC SecuritiesDE000A2T5DZ1 1.148 0,28% p.a. Accumulerend Ierland Fysiek gedekt
Invesco Physical Gold EUR Hedged ETCXS2183935274 999 0,34% p.a. Accumulerend Ierland Fysiek gedekt
Invesco Physical SilverIE00B43VDT70 947 0,19% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Core Physical SilverJE00BQRFDY49 794 0,19% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers IE Physical Gold GBP Hedged ETC SecuritiesDE000A2UDH48 560 0,28% p.a. Accumulerend Ierland Fysiek gedekt
Xtrackers Physical Silver ETC (EUR)DE000A1E0HS6 555 0,40% p.a. Accumulerend Jersey Fysiek gedekt
WisdomTree Physical PlatinumJE00B1VS2W53 554 0,49% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers Physical Gold ETCGB00B5840F36 489 0,25% p.a. Accumulerend Jersey Fysiek gedekt
Invesco Physical Gold GBP Hedged ETCXS2183935605 431 0,34% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Physical Precious MetalsJE00B1VS3W29 354 0,44% p.a. Accumulerend Jersey Fysiek gedekt
iShares Physical Platinum ETCIE00B4LHWP62 347 0,20% p.a. Accumulerend Ierland Fysiek gedekt
Xtrackers Physical Silver EUR Hedged ETCDE000A1EK0J7 322 0,75% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers IE Physical Silver ETC SecuritiesDE000A2T0VS9 255 0,20% p.a. Accumulerend Ierland Fysiek gedekt
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETCXS2892963286 162 0,35% p.a. Accumulerend Ierland Fysiek gedekt
WisdomTree Physical PalladiumJE00B1VS3002 161 0,49% p.a. Accumulerend Jersey Fysiek gedekt
WisdomTree SilverGB00B15KY328 109 0,49% p.a. Accumulerend Jersey Swap-gebaseerd
WisdomTree GoldGB00B15KXX56 100 0,49% p.a. Accumulerend Jersey Swap-gebaseerd
WisdomTree Precious MetalsGB00B15KYF40 96 0,49% p.a. Accumulerend Jersey Swap-gebaseerd
Xtrackers IE Physical Silver EUR Hedged ETC SecuritiesDE000A2UDH55 84 0,73% p.a. Accumulerend Ierland Fysiek gedekt
iShares Physical Palladium ETCIE00B4556L06 76 0,20% p.a. Accumulerend Ierland Fysiek gedekt
Invesco Physical PlatinumIE00B40QP990 65 0,19% p.a. Accumulerend Ierland Fysiek gedekt
Xtrackers Physical Platinum EUR Hedged ETCDE000A1EK0H1 64 0,75% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers Physical Gold GBP Hedged ETCGB00B68FL050 61 0,69% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers Physical Rhodium ETCGB00B684MW17 49 0,95% p.a. Accumulerend Jersey Fysiek gedekt
Xtrackers IE Physical Platinum ETC SecuritiesDE000A2T0VT7 45 0,38% p.a. Accumulerend Ierland Fysiek gedekt
IncomeShares Gold+ Yield ETPXS2852999775 31 0,35% p.a. Distribueren Ierland Volledige replicatie
Invesco Physical PalladiumIE00B4LJS984 25 0,19% p.a. Accumulerend Ierland Fysiek gedekt
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETCXS2892961827 18 0,35% p.a. Accumulerend Ierland Fysiek gedekt
Xtrackers IE Physical Platinum EUR Hedged ETC SecuritiesDE000A2UDH63 10 0,73% p.a. Accumulerend Ierland Fysiek gedekt
IncomeShares Silver+ Yield ETPXS3068774614 9 0,35% p.a. Distribueren Ierland Volledige replicatie
Janus Henderson SMO Physical Gold ETCXS2792094604 7 0,29% p.a. Accumulerend Ierland Fysiek gedekt

Source: justETF.com; As of 2/04/2026

 

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 -19,75% -5,82% 53,56% 104,83% 174,68%
Xtrackers IE Physical Silver EUR Hedged ETC Securities -19,78% -5,95% 53,20% 103,85% 171,22%
WisdomTree Core Physical Silver -17,08% 3,13% 60,07% 100,38% -
Invesco Physical Silver -17,07% 3,12% 60,23% 100,37% 186,13%
iShares Physical Silver ETC -17,07% 3,14% 60,25% 100,37% 186,07%
Xtrackers IE Physical Silver ETC Securities -17,08% -2,26% 60,10% 100,33% 186,12%
Xtrackers Physical Silver ETC (EUR) -17,09% -2,32% 59,94% 99,94% 184,35%
WisdomTree Physical Silver -17,10% 3,06% 60,00% 99,79% 183,60%
WisdomTree Silver -17,38% 8,28% 63,65% 99,14% 176,14%
Xtrackers Physical Platinum EUR Hedged ETC -19,66% -14,89% 19,42% 85,38% 77,40%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities -19,70% -15,02% 19,11% 84,64% 75,16%
Invesco Physical Platinum -17,22% -3,86% 24,13% 80,37% 82,89%
iShares Physical Platinum ETC -17,21% -3,85% 24,01% 80,30% 82,81%
Xtrackers IE Physical Platinum ETC Securities -17,23% -12,12% 23,90% 80,02% 81,79%
WisdomTree Physical Platinum -17,24% -3,93% 23,96% 79,83% 81,27%
WisdomTree Precious Metals -10,76% 10,44% 34,45% 53,58% 130,11%
WisdomTree Physical Precious Metals -12,81% 5,18% 30,21% 53,23% 102,39%
Xtrackers Physical Rhodium ETC -18,06% -23,71% 19,71% 49,45% 24,93%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC -11,97% 4,63% 18,29% 43,08% -
Xtrackers IE Physical Gold EUR Hedged ETC Securities -12,02% 3,75% 18,34% 42,99% 113,89%
Invesco Physical Gold EUR Hedged ETC -12,02% 3,78% 18,33% 42,97% 113,90%
Xtrackers Physical Gold EUR Hedged ETC -12,02% 3,76% 18,26% 42,83% 113,66%
Xtrackers IE Physical Gold GBP Hedged ETC Securities -11,03% 7,07% 20,09% 40,49% 127,18%
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC -10,99% 5,61% 20,05% 40,45% -
Invesco Physical Gold GBP Hedged ETC -11,04% 9,47% 20,09% 40,45% 127,29%
Xtrackers Physical Gold GBP Hedged ETC -11,06% 6,93% 19,91% 40,11% 126,48%
Invesco Physical Gold ETC -9,41% 9,29% 22,48% 38,98% 119,37%
WisdomTree Core Physical Gold -9,41% 9,28% 22,59% 38,98% 119,38%
Xtrackers IE Physical Gold ETC Securities -9,40% 7,05% 22,49% 38,98% 119,47%
WisdomTree Physical Swiss Gold -9,41% 9,28% 22,47% 38,94% 119,18%
Xtrackers Physical Gold ETC -9,42% 13,68% 22,56% 38,80% 118,50%
Xtrackers Physical Gold ETC (EUR) -9,42% 7,05% 22,39% 38,80% 118,51%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC -9,54% 7,61% 22,36% 38,62% 118,20%
WisdomTree Physical Gold -9,43% 9,21% 22,49% 38,61% 117,60%
Gold Bullion Securities -9,43% 9,21% 22,48% 38,60% 117,54%
iShares Physical Palladium ETC -17,09% -5,61% 17,73% 37,89% -8,61%
Invesco Physical Palladium -17,09% -5,61% 17,77% 37,87% -8,60%
WisdomTree Physical Palladium -17,12% -5,68% 17,54% 37,44% -9,42%
Janus Henderson SMO Physical Gold ETC -9,41% 9,09% 22,42% 37,40% -
WisdomTree Gold -8,96% 9,17% 22,39% 37,01% 109,97%
IncomeShares Gold+ Yield ETP -8,75% 3,80% 15,46% 25,45% -
IncomeShares Silver+ Yield ETP -17,28% 5,58% 51,52% - -
ETF   2026
in %
2025
in %
2024
in %
2023
in %
2022
in %
Xtrackers Physical Gold ETC 13,70% 39,85% 34,30% 9,57% 5,47%
Gold Bullion Securities 12,27% 45,30% 34,11% 9,40% 5,32%
WisdomTree Core Physical Gold 10,54% 45,72% 34,49% 9,71% 5,61%
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC 9,58% 47,64% 33,21% 10,36% 6,43%
Invesco Physical Gold GBP Hedged ETC 9,29% 51,75% 31,10% 13,77% -6,94%
Janus Henderson SMO Physical Gold ETC 9,12% 44,89% - - -
HANetf The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC 8,83% 57,48% - - -
WisdomTree Gold 7,47% 42,09% 33,26% 7,08% 3,73%
Invesco Physical Gold ETC 7,05% 45,71% 34,49% 9,71% 5,61%
Xtrackers IE Physical Gold ETC Securities 7,05% 48,97% 34,28% 9,43% 6,99%
Xtrackers Physical Gold ETC (EUR) 7,05% 48,52% 34,30% 9,57% 5,47%
WisdomTree Physical Swiss Gold 7,03% 45,67% 34,44% 9,68% 5,59%
WisdomTree Precious Metals 6,90% 57,60% 31,82% 4,03% 4,64%
Xtrackers IE Physical Gold GBP Hedged ETC Securities 6,88% 55,00% 31,22% 13,77% -6,93%
Xtrackers Physical Gold GBP Hedged ETC 6,76% 54,97% 31,15% 14,23% -7,20%
IncomeShares Silver+ Yield ETP 5,58% - - - -
WisdomTree Physical Precious Metals 5,58% 63,92% 22,85% -6,66% 5,80%
WisdomTree Physical Gold 5,35% 45,32% 34,12% 9,41% 5,32%
HANetf The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC 3,85% 61,99% - - -
IncomeShares Gold+ Yield ETP 3,80% 38,61% - - -
Invesco Physical Gold EUR Hedged ETC 3,78% 62,66% 24,14% 10,04% -2,18%
Xtrackers Physical Gold EUR Hedged ETC 3,76% 63,32% 23,59% 10,50% -3,24%
Xtrackers IE Physical Gold EUR Hedged ETC Securities 3,75% 63,19% 23,83% 9,97% -2,05%
WisdomTree Silver 0,95% 108,77% 26,88% -5,34% 7,20%
iShares Physical Silver ETC 0,43% 119,73% 28,99% -4,32% 9,96%
Invesco Physical Silver -1,39% 119,75% 28,97% -4,27% 10,02%
Xtrackers IE Physical Silver ETC Securities -2,26% 131,86% 28,98% -4,30% 9,93%
Xtrackers Physical Silver ETC (EUR) -2,32% 131,42% 28,70% -10,45% 3,30%
WisdomTree Core Physical Silver -2,34% 119,82% - - -
Invesco Physical Platinum -2,86% 95,70% -3,55% -8,99% 17,33%
Invesco Physical Palladium -4,06% 52,12% -13,76% -39,71% -1,71%
WisdomTree Physical Palladium -4,34% 51,66% -14,02% -39,88% -2,01%
WisdomTree Physical Platinum -4,52% 95,14% -3,85% -9,26% 16,98%
Xtrackers Physical Silver EUR Hedged ETC -5,82% 154,34% 18,17% -4,26% -0,23%
Xtrackers IE Physical Silver EUR Hedged ETC Securities -5,95% 153,19% 17,72% -4,64% -0,68%
iShares Physical Platinum ETC -11,79% 95,71% -3,60% -8,98% 17,32%
Xtrackers IE Physical Platinum ETC Securities -12,12% 113,86% -3,71% -8,94% 16,20%
Xtrackers Physical Platinum EUR Hedged ETC -14,89% 135,06% -11,50% -8,70% 6,78%
Xtrackers IE Physical Platinum EUR Hedged ETC Securities -15,02% 134,63% -11,93% -8,97% 5,52%
WisdomTree Physical Silver -15,43% 119,09% 28,58% -4,57% 9,59%
iShares Physical Palladium ETC -16,30% 52,15% -13,79% -39,70% -1,73%
Xtrackers Physical Rhodium ETC -23,69% 161,60% -0,83% -62,17% 1,45%

Source: justETF.com; As of 31/03/2026; Calculations in EUR including dividends