1. SPDR Gold Shares (GLD)
One of the most popular and extensively traded gold ETFs in 2024 is the SPDR Gold Shares (GLD). It continues to carry the prestige of being the first-ever gold ETF, launched back in 2004, and it remains one of the largest in the industry in terms of assets under management. With a half-day average trading volume over six million shares, GLD is a highly liquid option that effectively tracks the current spot price of gold. This ETF is particularly attractive to many, as one share equates to one-tenth of an ounce of gold, making it an easy and cheaper way for investors to add physical gold exposure to their portfolios.
2. iShares Gold Trust (IAU)
For individuals after low-cost gold exposure, the iShares Gold Trust (IAU) is an unparalleled option in 2024. This ETF consistently boasts one of the lowest expense ratios in the gold ETF world, making it a popular pick for cost-conscious investors. One aspect setting IAU apart from its competitors is its structure as a grantor trust. This means that the fund holds physical gold and issues shares in smaller denominations, allowing investors greater flexibility in managing their gold allocations. The iShares Gold Trust has maintained strong liquidity and is an optimal choice for investors looking to tap into gold’s performance with minimal cost.
3. Invesco DB Gold Fund (DGL)
In contrast to other gold ETFs in 2024, the Invesco DB Gold Fund tracks an index that does not equate to physical gold. Instead, it reflects the performance of certain gold future contracts and also includes the Treasury income from the fund’s collateral holdings. This makes DGL an attractive alternative for those who favor futures contracts over physical gold. The fund offers substantial liquidity and represents a modern means to keep up with the gold futures market.
4. VanEck Vectors Gold Miners ETF (GDX)
The VanEck Vectors Gold Miners ETF has carved out its niche in 2024 by focusing on stocks of global gold mining companies. While it doesn’t directly track the price of gold, this ETF offers investors exposure to gold through equity investments in gold mining industries. This approach enables investors to profit from the operational leverage that gold mining companies can provide. It enriches diversification for an investor’s portfolio and secures an investment in an industry directly affected by gold prices.
5. Aberdeen Standard Physical Gold Shares ETF (SGOL)
Lastly, the Aberdeen Standard Physical Gold Shares ETF stands out for its geographic factor in safekeeping gold. SGOL offers direct investment in physical gold bullion, but with an added level of security and assurance, as independently audited gold bars are stored in secure vaults in London and Zurich, rather than choosing one location. SGOL offers a lower expense ratio compared to other physical gold ETFs, ensuring investors of cost-efficiency. This ETF also follows the LBMA Gold Price, adding an extra layer of exposure to the gold market.
Broadly, these top 5 gold ETFs in 2024 each offer unique features targeting different investor preferences. Whether the desire is for a low-cost approach to gold investing, direct exposure to physical gold, or a focus on gold futures or gold mining industries, there is a gold ETF in 2024 that fits the bill.
