Commodities: Precious Metals Gold
ETF.com Insight
With 15 ETFs and over $97.66B in combined AUM, the Commodities: Precious Metals Gold segment provides exposure to the Global space with a focus on Gold securities.
Year-to-date, the best-performing ETF in the segment is the SPDR Gold MiniShares Trust (GLDM), with a total return of 8.23%. Meanwhile, the most popular ETF is the SPDR Gold Trust (GLD) with $57.94BB in assets under management.
Investors should take a look at the SPDR Gold MiniShares Trust (GLDM). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. GLDM tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM has an expense ratio of 0.10% and tracks the LBMA Gold Price PM.
ETF.com Efficiency Insight
The average efficiency score in the Commodities: Precious Metals Gold segment is 86 out of 100, with the SPDR Gold MiniShares Trust(GLDM) obtaining the highest rating of 98 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.36% per year, with the SPDR Gold MiniShares Trust (GLDM) having the lowest expense ratio, charging investors 0.10% yearly.
Investors should look for funds with tight tracking, such as the iShares Gold Trust Micro (IAUM), with a 12-month median tracking difference of -0.07%.
Tracking Difference (12 Month)
ETF.com Tradability Insight
The average tradability score in the Commodities: Precious Metals Gold segment is 83 out of 100, with the SPDR Gold Trust(GLD) obtaining the highest rating of 100 out of 100.
The SPDR Gold Trust (GLD) is the undisputed segment leader when it comes to liquidity. The fund trades 1.26B in daily average volume. Investors should also find ample liquidity in the iShares Gold Trust (IAU), with $194.03M in daily dollar volume.
Use limit orders to trade funds such as the FT Cboe Vest Gold Strategy Quarterly Buffer ETF(BGLD), due to their double-digit market spreads.
ETF.com/ Block Liquidity
ETF.com Fit Insight
The LBMA Gold Price PM has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to BAR. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, GLDI follows a Buy-write strategy and obtains a low Fit score compared with our neutral benchmark.
Index Methodology
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