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. This makes this ETF an ideal option for investors looking for the cheapest way to invest in gold without owning it directly.
As gold prices rise, investors may be interested in gold-traded funds instead of buying ingots themselves. Overall, these five main shares represent more than 46% of the assets of this gold ETF, led by Newmont, with more than 15%. 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 SPDR Gold MiniShares Trust is a lower cost product launched by the same investment managers as the SPDR Gold Shares ETF.
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. However, it's still relatively cheaper than the cost of shipping, insuring and storing gold ingots and coins, especially when you consider their liquidity. 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. Gold ETFs are exchange-traded funds that expose investors to gold without having to directly buy, store and resell the precious metal.
This gold ETF offers the same direct exposure to the price of gold, since it also has gold ingots, but at a lower cost. The advantage of owning a gold mining company ETF instead of a gold price ETF is that it can generate higher returns. The 10 precious metals and gold ETFs (listed above) rank first according to TheStreet Ratings methodology. ETNs are guaranteed debt obligations that don't actually own the underlying gold (unlike ETFs) and have a higher risk of credit default.
They created this ETF for cost-conscious retail investors, so that they wouldn't lose market share to rivals such as iShares Gold Trust. They chose to create a new ETF instead of changing their successful (and lucrative) SPDR Gold Shares product, preferred by institutional investors. As with other types of ETFs, the issuing company buys shares in gold-related companies or buys and stores gold ingots on its own.