Best Gold & Commodity ETFs (2026)
Which gold or broad-commodity fund to hold — 22 funds ranked on cost, yield, return, risk and ETFValuer's overall grade.
Every figure on this page is recalculated from market data each day, so the ranking reflects current conditions rather than whenever this page was written. Educational content — not financial advice.
Top Picks Right Now
- best risk-adjusted return (Sharpe 1.81)
- scores 68.2 on the overall model (grade B)
Ranked by ETFValuer's overall score. Recalculated every day from live market data — these positions change as the underlying numbers move.
At a Glance
Each superlative is measured within this group of 22 funds, not across the whole market.
All 22 Funds Ranked
| Fund | Category | Cost | Yield | 1Y | 3Y | Volatility | Max DD | Sharpe | AUM | Score | Grade |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF | Commodities | 0.26% | 14.45% | +34.0% | +42.4% | 17.4% | -14.8% | 1.66 | $2.3B | 74.5 | B |
| 2 PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Commodities | 0.59% | 3.20% | +39.5% | +37.3% | 19.1% | -16.6% | 1.81 | $5.3B | 71.6 | B |
| 3 DJPiPath Bloomberg Commodity Index Total Return(SM) ETN | Commodities | 0.70% | — | +38.7% | +47.9% | 19.6% | -16.4% | 1.72 | $850M | 68.2 | B |
| 4 DBCInvesco DB Commodity Index Tracking Fund | Commodities | 0.85% | 2.45% | +39.0% | +39.3% | 19.1% | -16.5% | 1.79 | $1.6B | 67.1 | B |
| 5 COMTiShares GSCI Commodity Dynamic Roll Strategy ETF | Commodities | 0.48% | 6.36% | +35.2% | +38.6% | 21.6% | -17.6% | 1.40 | $1.1B | 66.7 | B |
| 6 GSGiShares S&P GSCI Commodity-Indexed Trust | Commodities | 0.75% | — | +45.0% | +51.7% | 23.7% | -18.8% | 1.69 | $839M | 66.2 | B |
| 7 USOUnited States Oil Fund, LP | Commodities | 0.86% | — | +81.6% | +86.8% | 45.6% | -32.5% | 1.68 | $1.9B | 63.8 | C |
| 8 GLDMSPDR Gold MiniShares | Commodities | 0.10% | — | +19.4% | +105.7% | 27.9% | -26.3% | 0.52 | $27.3B | 62.8 | C |
| 9 SLViShares Silver Trust | Commodities | 0.50% | — | +47.4% | +131.8% | 61.3% | -52.3% | 0.69 | $28.2B | 62.3 | C |
| 10 DBBInvesco DB Base Metals Fund | Commodities | 0.75% | 2.43% | +28.0% | +48.5% | 18.8% | -16.6% | 1.23 | $355M | 62.3 | C |
| 11 IAUiShares Gold Trust | Commodities | 0.25% | — | +19.3% | +104.9% | 27.9% | -26.4% | 0.51 | $60.1B | 61.9 | C |
| 12 GLDSPDR Gold Shares | Commodities | 0.40% | — | +19.1% | +104.0% | 28.1% | -26.4% | 0.50 | $130.1B | 60.7 | C |
| 13 IAUMiShares Gold Trust Micro | Commodities | 0.09% | — | +19.5% | +106.0% | 27.8% | -26.3% | 0.52 | $6.3B | 60.6 | C |
| 14 SGOLabrdn Physical Gold Shares ETF | Commodities | 0.17% | — | +19.4% | +105.3% | 27.8% | -26.3% | 0.52 | $6.7B | 59.6 | C |
| 15 OUNZVanEck Merk Gold Trust | Commodities | 0.25% | — | +19.3% | +104.9% | 27.9% | -26.3% | 0.51 | $2.5B | 56.9 | C |
| 16 BARGraniteShares Gold Trust | Commodities | 0.17% | — | +19.4% | +105.5% | 27.9% | -26.3% | 0.52 | $1.3B | 56.9 | C |
| 17 DBAInvesco DB Agriculture Fund | Commodities | 0.85% | 3.23% | +11.7% | +45.2% | 10.8% | -12.4% | 0.62 | $1.2B | 54.1 | C |
| 18 PPLTabrdn Physical Platinum Shares ETF | Commodities | 0.60% | — | +12.0% | +64.2% | 50.1% | -44.0% | 0.14 | $1.8B | 42.4 | D |
| 19 CPERUnited States Copper Index Fund, LP | Commodities | 0.88% | — | +6.2% | +54.5% | 34.2% | -24.8% | 0.04 | $738M | 39.1 | D |
| 20 WEATTeucrium Wheat Fund | Commodities | 1.00% | — | +12.8% | -24.8% | 22.5% | -46.3% | 0.35 | $269M | 30.4 | F |
| 21 PALLabrdn Physical Palladium Shares ETF | Commodities | 0.60% | — | -3.6% | -4.7% | 50.6% | -43.2% | -0.17 | $591M | 27.6 | F |
| 22 UNGUnited States Natural Gas Fund, LP | Commodities | 1.17% | — | -23.1% | -62.9% | 58.9% | -68.2% | -0.48 | $419M | 18.3 | F |
Max DD is the deepest peak-to-trough fall over the measurement window. Sharpe ratio measures return per unit of volatility — higher is better. Every figure is recalculated daily.
What Makes a Good Fund Here
Commodity funds produce no earnings and pay no yield, so they cannot be valued the way stocks are. Their role in a portfolio is diversification — they move on a different schedule from equities — rather than compounding growth.
The ETFValuer score blends trailing return, risk-adjusted return, expense ratio, maximum drawdown, fund size and volatility, each percentile-ranked against the full tracked universe, into a single 0-100 figure graded A+ to F. It is a systematic summary of past data, not a forecast — read it alongside the individual columns rather than instead of them.
Frequently Asked Questions
What is the best gold ETF?
BCI ranks highest of the 22 commodity funds tracked, with a score of 74.5 (B). IAUM charges the least at 0.09% — a meaningful difference for physically-backed gold funds, which are otherwise near-identical.
Should I hold gold in my portfolio?
Gold has historically had low correlation with equities, which is the argument for holding a small allocation. Against that, it generates no income and has gone through decade-long stretches of poor returns. Reasonable investors land anywhere between 0% and 10%.
Compare any of these funds directly
Side-by-side metrics, holdings overlap and return correlation for any pair.