The iShares Gold Trust Micro ETF, the GraniteShares Gold Trust and the Abdn Physical Gold Shares ETF are the highest-performing gold ETFs. Below is our full list of the highest-performing gold ETFs. We exclude publicly traded gold notes and leveraged gold ETFs. Gold ETFs are exchange-traded funds that expose investors to gold without having to directly buy, store and resell the precious metal.
For those looking for more expert advice on investing in gold, a gold IRA expert can provide valuable insight into the best gold ETFs for your portfolio. Investors buy shares in the fund, whose value rises and falls with the underlying price of gold or the value of the company's shares. The advantage of owning a gold mining company ETF instead of a gold price ETF is that it can generate higher returns. Holding shares in this ETF is an excellent indicator of owning physical gold without the hassle and expense of storing or insuring ingots and coins. The 10 precious metals and gold ETFs (listed above) rank first according to TheStreet Ratings methodology.
As gold prices rise, investors may be interested in gold-traded funds instead of buying ingots themselves. They chose to create a new ETF instead of changing their successful (and lucrative) SPDR Gold Shares product, preferred by institutional investors. Overall, these five main shares represent more than 46% of the assets of this gold ETF, led by Newmont, with more than 15%. Some gold ETFs directly track the price of gold, while others invest in companies in the gold mining industry.
Gold miners can use the cash flow they earn from gold production to expand their production, make dividend payments and buy back shares. Those investments and shareholder returns allow gold mining companies to potentially offer better total returns compared to gains in the price of gold. They created this ETF for cost-conscious retail investors, so that they wouldn't lose market share to rivals such as iShares Gold Trust. As a result, investors have extensive exposure to several emerging gold and silver mining stocks.
This makes this ETF an ideal option for investors looking for the cheapest way to invest in gold without owning it directly. This gives investors greater exposure to the world's largest gold mining companies, making this ETF ideal for investors looking for quality rather than quantity. Overall, this gold ETF has done an excellent job of tracking the price of gold, with only a slightly lower return due to its expense ratio.