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 18 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.

0.12% p.a. - 0.69% p.a.
annual total expense ratio
track gold
1.16%
return in EUR in 2021 per 30/11/2021
 
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 0.12% 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 30/11/2021

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
Invesco Physical Gold AIE00B579F325 10,228 0.12% p.a. - ETC Physically backed
iShares Physical Gold ETCIE00B4ND3602 9,362 0.15% p.a. - ETC Physically backed
WisdomTree Physical GoldJE00B1VS3770 4,423 0.39% p.a. - ETC Physically backed
Gold Bullion SecuritiesGB00B00FHZ82 2,756 0.40% p.a. - ETC Physically backed
Gold Bullion SecuritiesDE000A0LP781 2,752 0.40% p.a. - ETC Physically backed
WisdomTree Physical Swiss GoldJE00B588CD74 2,691 0.15% p.a. - ETC Physically backed
WisdomTree Physical Swiss GoldDE000A1DCTL3 2,686 0.15% p.a. - ETC Physically backed
Xtrackers Physical Gold ETC (EUR)DE000A1E0HR8 1,688 0.25% p.a. - ETC Physically backed
Xtrackers IE Physical Gold ETC SecuritiesDE000A2T0VU5 1,640 0.15% p.a. - ETC Physically backed
Xtrackers Physical Gold EUR Hedged ETCDE000A1EK0G3 1,415 0.59% p.a. Yes
(in EUR)
ETC Physically backed
WisdomTree Physical Gold - GBP Daily HedgedJE00B7VG2M16 1,015 0.60% p.a. Yes
(in GBP)
ETC Physically backed
Xtrackers Physical Gold ETCGB00B5840F36 365 0.25% p.a. - ETC Physically backed
HANetf The Royal Mint Physical Gold ETC SecuritiesXS2115336336 255 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 GBP Hedged ETC SecuritiesDE000A2UDH48 141 0.28% p.a. Yes
(in GBP)
ETC Physically backed
WisdomTree Core Physical GoldJE00BN2CJ301 127 0.12% p.a. - ETC Physically backed
Invesco Physical Gold GBP Hedged ETCXS2183935605 26 0.34% p.a. Yes
(in GBP)
ETC Physically backed
GPF Physical Gold ETCXS2265368097 12 0.12% p.a. - ETC Physically backed

Source: justETF.com; As of 08/12/2021

 

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 %
WisdomTree Core Physical Gold 4.50% 2.63% 0.19% 1.34% -
Xtrackers IE Physical Gold GBP Hedged ETC Securities 1.92% 0.09% -5.60% 1.09% -
iShares Physical Gold ETC 3.19% 1.87% -0.11% 0.38% 39.35%
WisdomTree Physical Swiss Gold 3.23% 1.89% 0.56% 0.12% 39.03%
Xtrackers IE Physical Gold ETC Securities 3.24% 1.82% -0.10% 0.10% -
Xtrackers Physical Gold ETC (EUR) 3.23% 1.84% -0.15% 0.02% 38.78%
Gold Bullion Securities 3.26% 1.90% 0.52% -0.08% 38.21%
WisdomTree Physical Swiss Gold 3.29% 0.62% -0.54% -0.30% 38.50%
Invesco Physical Gold A 3.25% 1.37% -0.84% -0.35% 38.69%
HANetf The Royal Mint Physical Gold ETC Securities 3.27% 1.38% -0.90% -0.38% -
Xtrackers Physical Gold ETC 3.25% 1.07% -0.88% -0.45% 38.20%
WisdomTree Physical Gold 3.25% 1.31% -0.67% -0.58% 37.64%
Gold Bullion Securities 3.23% 1.13% -0.68% -0.59% 37.54%
Xtrackers Physical Gold GBP Hedged ETC -0.10% -1.84% -6.72% -1.24% 38.04%
WisdomTree Physical Gold - GBP Daily Hedged -0.10% -1.94% -6.78% -1.33% 36.07%
Invesco Physical Gold GBP Hedged ETC -0.10% -1.95% -7.02% -1.41% -
Xtrackers Physical Gold EUR Hedged ETC 0.65% -2.94% -7.92% -6.93% 28.73%
GPF Physical Gold ETC 3.16% 1.90% -0.07% - -
ETF/ETC   2021
in %
2020
in %
2019
in %
2018
in %
2017
in %
WisdomTree Physical Swiss Gold -2.62% 18.98% 14.25% 4.86% 1.57%
Xtrackers IE Physical Gold ETC Securities -2.63% - - - -
Gold Bullion Securities -2.77% 19.15% 13.70% 4.57% 1.44%
Xtrackers Physical Gold ETC (EUR) -3.13% 19.86% 13.86% 4.77% 1.60%
WisdomTree Core Physical Gold -3.45% - - - -
iShares Physical Gold ETC -3.47% 20.17% 14.87% 3.75% 1.99%
WisdomTree Physical Swiss Gold -4.14% 20.17% 14.72% 4.25% 1.62%
Invesco Physical Gold A -4.17% 20.10% 14.92% 4.09% 1.57%
HANetf The Royal Mint Physical Gold ETC Securities -4.19% - - - -
Xtrackers Physical Gold ETC -4.25% 20.08% 14.72% 4.31% 1.54%
WisdomTree Physical Gold -4.36% 19.90% 13.97% 5.57% 0.58%
Gold Bullion Securities -4.38% 19.89% 12.89% 5.15% 1.86%
Xtrackers IE Physical Gold GBP Hedged ETC Securities -5.84% - - - -
Xtrackers Physical Gold GBP Hedged ETC -7.08% 22.16% 15.78% -3.57% 9.57%
WisdomTree Physical Gold - GBP Daily Hedged -7.14% 21.88% 14.56% -4.63% 9.27%
Invesco Physical Gold GBP Hedged ETC -7.27% - - - -
Xtrackers Physical Gold EUR Hedged ETC -12.28% 29.04% 7.40% -3.23% 12.64%
GPF Physical Gold ETC - - - - -

Source: justETF.com; As of 30/11/2021; Calculations in GBP including dividends