Grow it · ETFs

MNRS vs GDX vs GOLD vs PMGOLD

Compare fees, returns, income and risk for these 4 ASX-listed ETFs side by side.

At a glance

Comparing MNRS, 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 MNRS
BetaShares Global Gold Miners Currency Hedged ETF
GDX
VanEck Gold Miners ETF
GOLD
Global X Physical Gold
PMGOLD
Perth Mint Gold
Snapshot
Provider
BetaShares
VanEck
Global X
Tracks index
Nasdaq Global ex-Australia Gold Miners Currency Hedged AUD Index
NYSE Arca Gold Miners Index
LBMA Gold Price
LBMA Gold Price
Categories
Intl, Commodities, Thematic
Intl, Commodities, Thematic
Commodities
Commodities
Listed since
2016 (10 yrs)
2015 (11 yrs)
2003 (23 yrs)
2003 (23 yrs)
Fund size (AUM)
$201m
$1.1bn
$2.2bn
Cost & income
Management fee
0.57%
0.53%
0.4%
0.15%
Dividend yield
9.49%
19.66%
0%
Franking
0%
0%
0%
0%
Turnover
25%
25%
0%
0%
Tax drag 3.64% 6.89% 0% 0%
Returns
Tax bracket
1-year return
43.7%
net
35.8%
net
13.4%
net
3-year return
35.7%
net
34.1%
net
25.4%
net
5-year return
16.8%
net
19.4%
net
18.4%
net
10-year return
10.8%
net
11.4%
net
12.5%
net
Risk
Volatility (3y)
34.9%
32.3%
18%
Volatility (5y)
32.5%
30.8%
15.8%
Volatility (10y)
31.2%
29.2%
14.7%
Sharpe ratio (3y)
0.93
0.94
1.13
Sharpe ratio (5y)
0.54
0.62
0.95
Sharpe ratio (10y)
0.41
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

MNRS BetaShares Global Gold Miners Currency Hedged ETF
  • Top-2% returns over 3 years (4th of 226 ETFs we track).
  • High 9.49% income yield — good for investors who want regular cash flow.
  • Pricier than similar ETFs, which average around 0.46%.
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%.
GOLD Global X Physical Gold
  • Low-cost: a 0.4% management fee keeps more of the return in your pocket.
  • Cheaper alternatives exist: PMGOLD.
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.

Frequently Asked Questions

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

MNRS, 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 - MNRS vs GDX vs GOLD vs PMGOLD?

PMGOLD has the lowest management fee at 0.15% a year, versus MNRS 0.57%, GDX 0.53%, and GOLD 0.4%.

Which has performed highest - MNRS 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.

Related comparisons

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.

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