In this article, we discuss the 5 best gold ETFs to invest in. If you want to go through our detailed introduction to the gold industry and just want to take a look at some more ETFs, go directly to the 10 Best Gold ETFs.
5. iShares Gold Trust (NYSE:IAU)
5-Year Performance as of August 20: 54.76%
The iShares Gold Trust (NYSE:IAU) is an exchange-traded fund (ETF) offered by BlackRock, Inc. (NYSE:BLK) that aims to provide investors with exposure to the performance of gold. Similar to the aforementioned ETFs, IAU is designed to track the price movements of gold bullion. Each share of IAU represents a fractional ownership in physical gold held in secure vaults, allowing investors to gain indirect ownership of the precious metal without the need to physically own or store it. With assets amounting to approximately $27 billion and an average daily trading volume of around 3.9 million shares, it stands as a notably liquid choice.
4. Goldman Sachs Physical Gold ETF (BATS:AAAU)
5-Year Performance as of August 20: 55.35%
For investors seeking a budget-friendly choice in the realm of physical gold-backed ETFs, the Goldman Sachs Physical Gold ETF (BATS:AAAU) emerges as an attractive option. Sporting an Expense Ratio of 0.18%, it trades at a price of $19 per share. Among the options mentioned on this list, AAAU stands as one of the smallest funds, boasting assets totaling $562.22 million and a comparably modest average trading volume of around 1.1 million shares.
3. GraniteShares Gold Trust (NYSE:BAR)
5-Year Performance as of August 20: 55.36%
The GraniteShares Gold Trust (NYSE:BAR) seeks to track the performance of gold by holding allocated gold bars in secure vaults based in London. Given BAR’s possession of physical gold bars, investors can anticipate the fund’s alignment with the spot gold price. Furthermore, the fund furnishes exposure that is fundamentally similar to well-established counterparts such as GLD and IAU. The fund’s total assets under management came around $902.64 million, while its Expense Ratio stood at 0.17% on August 18.
2. SPDR Gold MiniShares (NYSE:GLDM)
5-Year Performance as of August 20: 55.43%
The SPDR Gold MiniShares (NYSE:GLDM) presents investors with one of the most competitive expense ratios among U.S.-listed physically gold-backed ETFs. GLDM is particularly advantageous for those seeking enduring exposure to gold. Much like its SPDR gold suite counterparts, SPDR Gold MiniShares (NYSE:GLDM) signifies partial, indivisible beneficial ownership stakes in the Trust, comprising solely physical gold bullion and occasional cash holdings. As of August 23, the fund’s AUM stood at approximately $5.88 billion.
1. ProShares Ultra Gold (NYSE:UGL)
5-Year Performance as of August 20: 65.29%
The ProShares Ultra Gold (NYSE:UGL) is an ETF that offers a pledge of achieving double the daily gains compared to gold—a bullish stance on gold’s price surge. The fund’s amplified involvement is tied to the price progress of the Bloomberg Gold Subindex. This index follows a dynamic futures stance on gold, aligned with Bloomberg’s predetermined contract timetable. The fund is tailored for short-term strategic use and is thus unsuitable for investors aiming to buy and hold. Should it be retained for more than one day, the compounding effects over daily intervals could lead UGL astray from its committed 2x exposure.
Disclosure: None. You can also take a look at 10 Momentum Stocks Billionaires Are Loading Up On and 11 Most Undervalued Foreign Stocks To Buy.
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