ETPMAG vs GDX vs GOLD vs PMGOLD - Compare ETFs side by side

At a glance

Comparing ETPMAG, GDX, GOLD, and PMGOLD. PMGOLD has the lowest management fee at 0.15% a year, PMGOLD has the highest 10 years return at 12.5% a year, and GDX offers the highest at 19.66%.

Lowest fee

PMGOLD 0.15% p.a.

Highest 10 years return

PMGOLD 12.5% p.a.

Highest yield

GDX 19.66%

Highest risk-adjusted

PMGOLD Sharpe 0.73 (10y)

Lowest volatility

PMGOLD 14.7% (10y)

Largest fund

PMGOLD $2.2bn

Side-by-side comparison

Metric	ETPMAG Global X Physical Silver	GDX VanEck Gold Miners ETF	GOLD Global X Physical Gold	PMGOLD Perth Mint Gold
Snapshot
Provider	Global X	VanEck	Global X	—
Tracks index	LBMA Silver Price	NYSE Arca Gold Miners Index	LBMA Gold Price	LBMA Gold Price
Categories	Commodities	Intl, Commodities, Thematic	Commodities	Commodities
Listed since	2003 (23 yrs)	2015 (11 yrs)	2003 (23 yrs)	2003 (23 yrs)
Fund size (AUM)	—	$1.1bn	—	$2.2bn
Cost & income
Management fee	0.49%	0.53%	0.4%	0.15%
Dividend yield	—	19.66%	—	0%
Franking	0%	0%	0%	0%
Turnover	0%	25%	0%	0%
Tax drag	0%	6.89%	0%	0%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	35.8% net	—	13.4% net
3-year return	—	34.1% net	—	25.4% net
5-year return	—	19.4% net	—	18.4% net
10-year return	—	11.4% net	—	12.5% net
Risk
Volatility (3y)	—	32.3%	—	18%
Volatility (5y)	—	30.8%	—	15.8%
Volatility (10y)	—	29.2%	—	14.7%
Sharpe ratio (3y)	—	0.94	—	1.13
Sharpe ratio (5y)	—	0.62	—	0.95
Sharpe ratio (10y)	—	0.44	—	0.73
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

ETPMAG Global X Physical Silver

Cheaper alternatives exist: PMGOLD and GOLD.

Full ETPMAG analysis →

GDX VanEck Gold Miners ETF

Top-2% returns over 5 years (4th of 188 ETFs we track).
High 19.66% income yield — good for investors who want regular cash flow.

Pricier than similar ETFs, which average around 0.46%.

Full GDX analysis →

GOLD Global X Physical Gold

Low-cost: a 0.4% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: PMGOLD.

Full GOLD analysis →

PMGOLD Perth Mint Gold

Top-3% returns over 5 years (6th of 188 ETFs we track).
Low-cost: a 0.15% management fee keeps more of the return in your pocket.

Full PMGOLD analysis →

Frequently Asked Questions

What's the difference between ETPMAG vs GDX vs GOLD vs PMGOLD?

ETPMAG, GDX, GOLD, and PMGOLD are 4 Australian-listed ETFs we compare side by side. PMGOLD carries the lowest management fee (0.15%). Over 10 years, PMGOLD has delivered the highest total return (12.5% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - ETPMAG vs GDX vs GOLD vs PMGOLD?

PMGOLD has the lowest management fee at 0.15% a year, versus ETPMAG 0.49%, GDX 0.53%, and GOLD 0.4%.

Which has performed highest - ETPMAG vs GDX vs GOLD vs PMGOLD?

Over the past 10 years, PMGOLD has delivered the highest total return at 12.5% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

GDX pays the highest at 19.66%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

PMGOLD is the largest fund by assets ($2.2bn). Larger funds are typically more liquid and trade on tighter spreads.

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.