The iShares Gold Trust Micro ETF, the GraniteShares Gold Trust and the Abdn Physical Gold Shares ETF are the highest-performing gold ETFs for buying gold with IRA. All three funds performed better than the overall U.S. stock market and a key gold index over the past year. The only possession of these ETFs are gold bars. ETFs These energy funds offer exposure to oil and gas stocks, which are some of the rarest performing in an otherwise miserable year.
When selecting gold ETFs, decide whether you want to expose yourself to physical gold or to public companies involved in gold mining. The SPDR Gold MiniShares Trust is a lower cost product launched by the same investment managers as the SPDR Gold Shares ETF. The following table includes expense data and other descriptive information for all US-based gold ETFs. ETF issuers are ranked based on their AUM weighted average expense ratios of their ETFs with exposure to gold.
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. However, this gold-backed ETF — created along the same lines as GLD and IAU — did something impressive by accumulating more than a billion dollars in assets in just under three years of trading. 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.
This iShares gold ETF is not as liquid as the SPDR Gold Shares and its supply and demand differentials are not as tight, making it not ideal for short-term traders. This ETF invests directly in gold stored in a London vault and supervised by the ICBC Standard Bank, and its price should follow the spot price of the precious metal relatively closely. The following table includes the ESG scores and other descriptive information for all gold ETFs listed in U. The ETF is heavily weighted, so in large mining companies, such as Newmont (NEM) (opens in a new tab), 17.4% of assets), Barrick Gold (GOLD (opens in a new tab), 12.1%) and Franco-Nevada (opens in a new tab) in a new tab), 9.0%).
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 links in the table below will guide you to several analytical resources of the corresponding ETF, including an overview of the shares, an official fund fact sheet, or a report from an objective analyst.