Gold ETFs

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Best Gold ETFs

Gold ETFs are the exchange-traded funds that invest in gold and gold derivative contracts backed by gold. Investors do not get physical ownership of gold by investing in or redeeming gold ETFs; instead, they only get access to the cash equivalent of the transaction.

Thus, gold ETFs provide investors with the opportunity to gain exposure to the price and performance of gold without investing in physical gold. Also, gold ETFs are inversely related to the dollar price movements. Therefore, they are also extensively used to hedge against negative economic and political scenarios and the devaluation of the currency.

Ticker
Company Name
Last Price
1-Year Return
GLDSPDR Gold Trust$165.292.21%
IAUiShares Gold Trust$33.682.34%
GDXVanEck Vectors Gold Miners ETF$26.28-18.96%
GDXJVanEck Vectors Junior Gold Miners ETF$33.74-19.63%
NUGTDirexion Daily Gold Miners Index Bull 3X Shares$31.10-40.69%
SGOLAberdeen Standard Physical Swiss Gold Shares ETF$16.992.35%
GLDMSPDR Gold MiniShares Trust$35.222.38%
JNUGDirexion Daily Junior Gold Miners Index Bull 3X Shares$36.37-44.16%
BARGraniteShares Gold Trust$17.582.39%
DUSTDirexion Daily Gold Miners Index Bear 3x Shares$22.197.61%
RINGiShares MSCI Global Gold Miners ETF$20.10-24.46%
OUNZVanEck Merk Gold$17.222.38%
SGDMSprott Gold Miners ETF$23.01-15.53%
DGLInvesco DB Gold Fund$50.130.91%
JDSTDirexion Daily Junior Gold Miners Index Bear 3X Shares$11.97-4.24%
DGPDB Gold Double Long ETN$36.111.95%
SGDJSprott Junior Gold Miners ETF$28.90-29.96%
GOEXGlobal X Gold Explorers ETF$23.91-16.28%
GOAUU.S. Global GO Gold and Precious Metal Miners ETF$14.38-21.42%
GLDICredit Suisse X-Links Gold Shares Covered Call ETN$7.63-8.84%
GBUGiPath Gold ETN$28.972.77%
DZZDB Gold Double Short ETN$2.84-5.02%
IAUFiShares Gold Strategy ETF$53.871.72%
DGZDB Gold Short ETN$10.33-2.64%
AAAUPerth Mint Physical Gold ETF$17.602.33%
GLLProShares UltraShort Gold$32.71-9.79%
UGLProShares Ultra Gold$54.06-0.28%

Factors to Consider Before Investing in Gold ETFs

Gold ETFs provide investors with ample flexibility, liquidity, affordability, and ease of participation in gold as an asset class. It is considered to be a low-risk and cost-effective investment, with moderate returns.

Investors must consider the tracking error and expense ratio of gold ETFs to determine the most suitable ones to invest in. The gold ETFs with low tracking error, low expense ratios, high margins, and high volumes are considered to be the most valuable additions to the investment portfolio. Additionally, the net asset value and assets under management of the funds also need to be considered before investing in gold ETFs.

Which Gold ETFs Should I Buy?

A wide variety of exchange-traded funds, exchange-traded notes, and trusts are backed by gold trade on the US stock exchanges. We have compiled a list of the best gold ETFs that we found to be most suitable for investors to add to their investment portfolios.

Investors must select gold ETFs that incur low expenses, provide maximum diversification to the portfolio, are liquid, safe and secure, and serve as a hedging mechanism against currency fluctuations and inflation. The ability to add tax efficiency to the investment portfolio should also be considered as a significant parameter.

Finding the right ETFs and stocks to invest in can be challenging. If Gold ETFs have piqued your interest, you may also enjoy our list of Silver stocks as well.