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Gold ETFs are exchange-traded funds that aim to track the physical price of gold without having investors directly buy and store physical gold.
Our top picks for platforms where you can invest in gold ETFs
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5 best gold ETFs for 2023
These are the best gold ETFs based on year-to-date (YTD) performance for 2023.
Logo
ETF name and ticker
ETF description
Expense ratio
YTD return
SPDR Gold MiniShares Trust (GLDM)
GLDM is a SPDR ETF that tracks the performance of the price of gold bullion.
0.10%
8.79%
iShares Gold Trust Micro ETF of Benef Interest (IAUM)
Touted as the lowest-cost physical gold ETF currently on the market, IAUM is an iShares ETF that reflects the performance of the price of gold.
0.09%
8.79%
GraniteShares Gold Shares (BAR)
BAR is a GraniteShares ETF, offering investors exposure to the price performance of physical gold.
0.17%
8.75%
Goldman Sachs Physical Gold ETF (AAAU)
AAAU is a Goldman Sachs ETF, offering investors exposure to the performance of the price of gold.
0.18%
8.71%
Franklin Responsibly Sourced Gold ETF (FGDL)
FGDL is an exchange-traded fund designed to provide exposure to responsibly sourced gold investments.
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Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
Choose the stocks you want to buy. Search for the stock by name or ticker symbol.
Place your order. Buy the stock. It’s that simple.
What are gold ETFs?
Gold ETFs are funds that aim to track the price performance of gold or the performance of companies involved in the gold mining industry. A gold ETF’s value goes up or down based on the price of physical gold or company stock value.
Unlike individual gold stocks, gold mining ETFs expose you to a variety of companies through a single purchase. Unlike physical gold, gold ETFs that track the metal’s price performance expose investors to gold without them needing to store the physical metal itself.
What Matt says about getting exposure to gold through an ETF
ETFs present a convenient, cost-effective way to invest in gold without the burden of having to store the physical metal yourself. And with gold prices near $2,000 an ounce, ETFs also offer flexibility for investors who don't have a lot of money but who want exposure to this precious metal.
Compare more trading platforms to invest in gold ETFs
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Frequently asked questions about gold ETFs
The best gold ETF is GraniteShares Gold Shares (BAR) based on YTD returns, according to our analysis as of October 2023.
Yes, gold ETFs provide diversification to your portfolio and are simpler to manage than buying physical gold, which involves holding and storage fees. The average year-to-date return for the best gold ETF this year is over 5%.
Investing in gold ETFs can be a lot simpler in terms of not having to hold physical gold or pay storage fees. ETFs do have their own fees, however, but they can provide more diversification for your portfolio than physical gold.
However, physical gold is a relatively stable investment that doesn't experience the same degree of volatility as ETFs and stocks. If you are looking to hedge against large drops in the market, you may want to consider investing in gold as a way to protect your wealth.
Jaclyn Hurst is an associate publisher at Finder. She has a Bachelor’s degree in Business from Redeemer University and a University Certificate in Management Foundations from Athabasca University. She’s as passionate about business and finance as she is about the great Canadian outdoors, organic Sumatra coffee and music.
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