Is PMGOLD a good ETF?
PMGOLD is the Perth Mint Gold. It tracks the LBMA Gold Price. We classify it under Commodities. With about $2.22 billion in assets it is a large, highly liquid fund. Listed on the ASX since 2003-08-04 (about 23 years ago).
On a total-return basis, PMGOLD has delivered 12.48% a year over 10 years (ranked 25th of 108 ETFs we track), 18.37% a year over 5 years (ranked 6th of 188 ETFs we track), 25.44% a year over 3 years (ranked 12th of 226 ETFs we track), and 13.37% a year over 1 year (ranked 92nd of 308 ETFs we track). Its strongest showing is over 5 years, where it sits in the top 3% of all ETFs we track.
The management fee of 0.15% is very low — typical of low-cost index funds. That's cheaper than the typical 0.49% for similar ETFs. It pays a low 0% yield, so most of its return must come from capital growth.
Over the past 10 years its volatility has been moderate (annualised standard deviation around 14.74%), meaning the kind of swings you'd expect from a diversified equity fund. Its 10-year Sharpe ratio of 0.73 is reasonable — that's the return it has earned per unit of risk taken (higher is better).
Portfolio turnover is very low at about 0% a year — the portfolio barely changes from year to year, much like a classic buy-and-hold index fund. Very little of its return is lost to trading or to capital gains being realised early, making it highly tax-efficient.
Strengths
- 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.
Good to know
- Low 0% yield — this is a growth-oriented fund, not an income play.
What PMGOLD's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Exposure to physical commodities (gold, silver, oil) or the companies that produce them. A portfolio diversifier and a classic inflation hedge.
- Market regime
- Gold in particular tends to shine during crises, high inflation and falling real interest rates. Commodities generate no yield or earnings and can trend sideways for years.
- In a portfolio
- A tactical or satellite allocation for diversification and inflation protection — not a long-term compounding engine.
General information only, generated from the 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.