5/17/2023 0 Comments The ticker symbol for gold![]() ![]() The VanEck Vectors Junior Gold Miners ETF is reasonably large and has a relatively low expense ratio. That's because they lack the scale of their larger rivals, so making a misstep such as cost overruns on a mine development could be costlier to investors. However, with that higher reward potential comes more risk. These smaller miners could expand their production faster and deliver higher returns than their larger rivals. That's because it focuses on smaller mining companies, known as junior gold miners, some of which are still exploration-stage companies. The VanEck Vectors Junior Gold Miners ETF offers the most upside potential. That gives investors greater exposure to the world's largest gold mining companies, making this ETF ideal for investors seeking quality over quantity. Overall, these top five holdings make up more than 46% of this gold ETF's assets, led by Newmont at more than 15%. The market cap of the largest mining company on this list is $47 billion, and the market cap of the smallest company is $15.5 billion. These are some of the largest gold companies in the world. Its top holdings included the largest gold mining companies in the world by market capitalization, led by the following five: That's because cost inflation and other factors can cause underperformance.Īs of September 2021, this gold ETF held shares of more than 50 gold mining companies. However, owning mining stocks is riskier than investing directly in gold. That's because they can benefit from the dual catalysts of production growth and a rising gold price. Shares of mining companies can outperform the price of gold. That makes it the best gold ETF for those who want to invest in mining companies as a way to play the gold market. The VanEck Vectors Gold Miners ETF is the largest ETF focused on holding shares of major gold stocks. Overall, this gold ETF has done an excellent job of tracking the price of gold, with only a minor underperformance due to its expense ratio. The ETF handles these items, storing its bullion in the London branch of JPMorgan Chase ( NYSE:JPM). Owning shares in this ETF is a great proxy for owning physical gold without the hassle and expense of storing or insuring bars and coins. It also boasts a lower expense ratio than its larger rival. That makes it another great way to invest directly in gold. The iShares Gold Trust is almost identical to the SPDR Gold Shares. Its large size makes it a favorite of institutional investors such as pension funds that use it to hedge against inflation and other risk factors. However, it's still relatively cheaper than the cost of shipping, insuring, and storing gold bars and coins, especially when factoring in its liquidity. It has a higher expense ratio compared to other ETFs that own physical gold bullion. Investors pay a premium for this particular gold ETF. ![]() The ETF's sole assets are gold bullion, which it stores in secured vaults. It's the gold standard for investors seeking direct exposure to the price of the yellow metal. The largest and most liquid gold ETF is the SPDR Gold Shares. Here's a closer look at each of these top gold ETFs: 1. The best gold ETFs are: Data source: Company websites. With these criteria in mind, here are some of the best gold ETFs: Top gold ETFs ![]() Leverage in a down market can magnify losses.
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