InvestSMART

Exchange Traded Funds (ETFs)

Top performing ASX-listed Commodities & Precious Metals Exchange Traded Funds (ETFs)

Commodity & Precious Metals ETFs might be an essential part of an investment portfolio, particularly for those looking to hedge against inflation or economic volatility. These ETFs offer direct or indirect exposure to physical commodities such as gold, silver, and oil. They could be considered by investors seeking a safe haven or diversification away from traditional equity and bond investments.

Below are some of the potential pros & cons of investing in Commodities & Precious Metals Exchange Traded Funds (ETFs).

Pros of Commodities & Precious Metals ETFs:

  • Provides a hedge against inflation and currency devaluation.
  • Commodities can perform well during periods of economic turbulence.
  • Diversification away from traditional equity and bond markets.
  • Direct exposure to physical assets which can add a layer of security to a portfolio.
  • Potential for substantial gains during commodity bull markets.

Cons of Commodities & Precious Metals ETFs:

  • Commodities markets can be extremely volatile.
  • Prices can be affected by changes in economic indicators, market sentiment, and global events.
  • Investments can be impacted by factors such as weather conditions and geopolitical tensions.
  • Lack of dividends or income generation, as returns are solely based on price gains.
  • Storage and insurance costs for physical commodities can reduce profitability.

Top Commodities & Precious Metals by 3yr returns (as at 12 March 2026)

Code Security Name Geographic
Focus		 Asset
Class		 MER Market Cap
($m)		 Management
Type		 InvestSMART
Rating 		Yield
1Yr		 Return
1Yr		 Return
3Yr (p.a.)
QAU BetaShares Gold Bullion ETF - Currency Hedged Global Commodities 0.59% 1,696 ETF starstarstarstar 1.1% 77.6% 39.1%
PMGOLD Perth Mint Global Commodities 0.15% 23,251 ETF starstarstarstar n/a 57.8% 39.0%
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) Global Commodities 1.29% 154 ETF starstarstar 0.0% 7.8% 5.2%
GXLD Global X Gold Bullion ETF Global Commodities 0.15% 657 ETF starstarstarstar n/a 60.5% n/a
GLDN iShares Physical Gold ETF Global Commodities 0.18% 407 ETF starstarstarstar 0.1% 60.5% n/a
GHLD Global X Gold Bullion (Currency Hedged) ETF Global Commodities 0.35% 315 ETF starstarstar n/a n/a n/a
ETPMPT Global X Physical Platinum Global Commodities 0.49% 13 ETF starstar n/a 117.9% 32.4%
ETPMPM Global X Physical Precious Metals Basket Global Commodities 0.44% 29 ETF starstarstar n/a 82.9% 37.4%
ETPMPD Global X Physical Palladium Global Commodities 0.49% 4 ETF starstar n/a 69.6% 5.8%
ETPMAG Global X Physical Silver Global Commodities 0.49% 453 ETF starstarstarstar n/a 150.9% 59.9%
BCOM Global X Bloomberg Commodity ETF (Synthetic) Global Commodities 0.66% 65 ETF starstar 0.2% 4.6% n/a
Code Security Name Issuer Inception Type Objective
QAU BetaShares Gold Bullion ETF - Currency Hedged BetaShares Capital Ltd 5 May 2011 ETF The fund aims to track the performance of the price of gold bullion, with a currency hedge against movements in the AUD/USD exchange rate, before fees and expenses. The BetaSahes Gold Bullion ETF invests its assets into the purchase of physical gold bullion (i.e., bars of gold) from the National Bank of Canada, one of Canada's oldest and largest prudentially regulated banks.
PMGOLD Perth Mint Gold Corporation 9 May 2003 ETF Perth Mint Gold is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. PMG is structured as a call option in accordance with the ASX Market Rules and tracks the price of gold in Australian dollars.
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) BetaShares Capital Ltd 11 Nov 2011 ETF The BetaShares Crude Oil Index ETF-Currency Hedged (synthetic) enables investors to gain exposure to the performance of the crude oil included in the S S&P GSCI Crude Oil Index Excess Return without the need to invest in the futures market or take physical delivery of the commodities.
GXLD Global X Gold Bullion ETF ANZ ETFS Management (AUS) Ltd 29 Apr 2024 ETF The investment objective of the Gold Interests issued by the Fund is to provide a return that tracks the performance of the price of gold bullion in Australian dollars (before fees and expenses) by reference to the Gold Spot Price which is denominated in US Dollars and converted to Australian dollars. The value of an investment in a Gold Interest will be subject to fluctuations in the AUD/USD exchange rate as well as fluctuations in the price of gold bullion.
GLDN iShares Physical Gold ETF BlackRock Investment Mgmt (AUS) Ltd 27 Oct 2023 ETF The Fund aims to achieve its investment objective by investing in precious metal-linked securities secured by physical gold bullion.
GHLD Global X Gold Bullion (Currency Hedged) ETF ANZ ETFS Management (AUS) Ltd 27 Mar 2025 ETF The Fund is a registered managed investment scheme structured as a unit trust. Units in the Fund (“Units”) will be able to be traded on the ASX. The issue of Units is authorised by the Responsible Entity’s Australian financial services licence.
ETPMPT Global X Physical Platinum ETFS Metal Securities Australia Ltd 19 Dec 2008 ETF Global X Physical Platinum is intended to provide investors with a return equivalent to movements in the platinum spot price less fees. Global X Physical Platinum is backed by physical allocated platinum held by JPMorgan Chase Bank, N.A., (the Custodian).
ETPMPM Global X Physical Precious Metals Basket ETFS Metal Securities Australia Ltd 19 Dec 2008 ETF Global X Physical PM Basket is intended to provide a return equivalent to the movements in the spot prices of four precious metals less the applicable management fee. Global X Physical PM Basket is backed by physical allocated precious metal held by JPMorgan Chase Bank, N.A., (the Custodian).
ETPMPD Global X Physical Palladium ETFS Metal Securities Australia Ltd 19 Dec 2008 ETF The investment holds physical palladium bullion. Each share represents a beneficial interest in approximately 1/10th of one troy ounce of physical palladium held by JPMorgan Chase Bank, N.A., (the Custodian), in vaults in London.
ETPMAG Global X Physical Silver ETFS Metal Securities Australia Ltd 19 Dec 2008 ETF Global X Physical Silver is intended to provide a return equivalent to the movements in the silver spot price less the applicable management fee. Global X Physical Silver is backed by physical allocated silver held by JPMorgan Chase Bank, N.A., (the Custodian).
BCOM Global X Bloomberg Commodity ETF (Synthetic) ANZ ETFS Management (AUS) Ltd 3 Jul 2023 ETF The Fund will attempt to meet its investment objective by entering into an unfunded swap agreement (“Swap”) which will provide exposure to the performance of the Index, and will seek to earn interest returns through exposure to cash and/or money market instruments (before fees and expenses). The Swap agreement will be linked to the Commodity Future Contract constituents of the Index and adjusted by a spread negotiated between the Responsible Entity and Swap Counterparty.
Code Security Name 1 Mnth % 3 Mnth % 6 Mnth % 1 Yr % p.a. 2 Yr % p.a. 3 Yr % p.a. 5 Yr % p.a.
QAU BetaShares Gold Bullion ETF - Currency Hedged 2.0% 23.5% 50.3% 77.6% 56.7% 39.1% 21.3%
PMGOLD Perth Mint -2.2% 13.4% 39.1% 57.8% 52.4% 39.0% 26.6%
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) 3.1% 16.0% 8.2% 7.8% 4.3% 5.2% 11.2%
GXLD Global X Gold Bullion ETF 2.7% 14.6% 39.7% 60.5% n/a n/a n/a
GLDN iShares Physical Gold ETF 3.0% 14.6% 39.7% 60.5% 52.4% n/a n/a
GHLD Global X Gold Bullion (Currency Hedged) ETF 4.6% 23.8% 50.7% n/a n/a n/a n/a
ETPMPT Global X Physical Platinum 1.1% 32.6% 60.9% 117.9% 55.4% 32.4% 15.8%
ETPMPM Global X Physical Precious Metals Basket -3.3% 24.5% 57.3% 82.9% 57.9% 37.4% 20.0%
ETPMPD Global X Physical Palladium -3.2% 13.8% 50.2% 69.6% 30.5% 5.8% -4.3%
ETPMAG Global X Physical Silver -14.3% 53.4% 112.5% 150.9% 90.9% 59.9% 29.0%
BCOM Global X Bloomberg Commodity ETF (Synthetic) -4.2% 2.1% 8.8% 4.6% 10.8% n/a n/a
Code Security Name Australian Equities International Equities Property Cash Fixed Interest Alternatives
QAU BetaShares Gold Bullion ETF - Currency Hedged 0.0% 0.0% 0.0% 0.6% 0.0% 99.4%
PMGOLD Perth Mint 0.0% 0.0% 0.0% 0.0% 0.0% 100%
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) 0.0% 0.0% 0.0% 0.1% 0.0% 100.0%
GXLD Global X Gold Bullion ETF 0.0% 0.0% 0.0% 0.0% 0.0% 100%
GLDN iShares Physical Gold ETF 0.0% 0.0% 0.0% 0.0% 0.0% 100.0%
GHLD Global X Gold Bullion (Currency Hedged) ETF 0.0% 0.0% 0.0% 0.0% 0.0% 100%
ETPMPT Global X Physical Platinum 0.0% 0.0% 0.0% 0.0% 0.0% 100%
ETPMPM Global X Physical Precious Metals Basket 0.0% 0.0% 0.0% 0.0% 0.0% 100%
ETPMPD Global X Physical Palladium 0.0% 0.0% 0.0% 0.0% 0.0% 100%
ETPMAG Global X Physical Silver 0.0% 0.0% 0.0% 0.0% 0.0% 100%
BCOM Global X Bloomberg Commodity ETF (Synthetic) 0.0% 0.0% 0.0% 0.0% 0.0% 100%
Code Security Name Yield Expected Distribution Frequency Last Payment Date Cents Per Unit
QAU BetaShares Gold Bullion ETF - Currency Hedged 1.1% Annual 16 Jul 2025 $0.45
PMGOLD Perth Mint n/a NA n/a n/a
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) 0.0% Annual 16 Jul 2025
GXLD Global X Gold Bullion ETF n/a NA n/a n/a
GLDN iShares Physical Gold ETF 0.1% NA 11 Jul 2025 $0.04
GHLD Global X Gold Bullion (Currency Hedged) ETF n/a NA n/a n/a
ETPMPT Global X Physical Platinum n/a Quarterly n/a n/a
ETPMPM Global X Physical Precious Metals Basket n/a Semi-Annual n/a n/a
ETPMPD Global X Physical Palladium n/a Quarterly n/a n/a
ETPMAG Global X Physical Silver n/a Semi-Annual n/a n/a
BCOM Global X Bloomberg Commodity ETF (Synthetic) 0.2% Annual 16 Jul 2025 $0.03
Code Name Feb-26 ($m) Jan-26 ($m) Dec-25 ($m) Nov-25 ($m) Oct-25 ($m) Sep-25 ($m) Aug-25 ($m) Jul-25 ($m) Jun-25 ($m) May-25 ($m) Apr-25 ($m)
QAU BetaShares Gold Bullion ETF - Currency Hedged n/a $32.7 -$7.6 $0.3 -$28.8 $23.0 $28.9 -$1.8 $14.3 $42.7 $35.1
PMGOLD Perth Mint n/a $122.9 $44.7 $19.2 $89.2 $102.9 $36.6 $17.5 $24.8 -$7.2 $42.9
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) n/a -$0.1 $4.4 -$4.2 $4.1 -$3.3 -$2.2 -$9.1 $4.5 $1.7 $3.8
GXLD Global X Gold Bullion ETF n/a $65.8 $12.1 $4.2 $109.6 $37.1 $12.6 $7.1 $8.0 -$5.4 -$1.8
GLDN iShares Physical Gold ETF n/a $18.1 $7.2 -$36.7 $18.7 $15.8 $6.6 $10.6 $18.1 $7.3 -$18.4
GHLD Global X Gold Bullion (Currency Hedged) ETF n/a $29.2 $15.8 $50.2 $40.1 $39.1 $6.7 $6.6 $12.8 $22.0 $2.2
ETPMPT Global X Physical Platinum n/a $6.7 $11.3 $2.2 $5.7 $6.8 $0.8 $1.9 $2.8 $3.0 $1.8
ETPMPM Global X Physical Precious Metals Basket n/a $21.9 $5.7 $2.4 $7.2 $5.0 $0 -$3.3 $0 $1.2 $0
ETPMPD Global X Physical Palladium n/a $0 $2.5 $1.6 $2.1 $1.4 $0 $0 $0 $0 $0
ETPMAG Global X Physical Silver n/a $92.4 $20.5 -$7.7 $78.3 $89.1 $10.4 $40.5 $28.5 $45.4 $22.2
BCOM Global X Bloomberg Commodity ETF (Synthetic) n/a $4.4 -$0.6 $2.5 $0 -$3.4 $1.1 $1.1 $1.2 $0 $2.3
Code Security Name Volatility - 20 days Volatility - 50 days Volatility - 100 days Volatility - 200 days Volatility - All
QAU BetaShares Gold Bullion ETF - Currency Hedged 23.6% 42.3% 34.2% 26.1% 43.9%
PMGOLD Perth Mint 19.2% 35.5% 26.7% 23.2% 14.8%
OOO BetaShares Crude Oil Index ETF-Currency Hedged (Synthetic) 175.4% 113.6% 82.4% 63.1% 40.4%
GXLD Global X Gold Bullion ETF 24.6% 36.6% 30.4% 23.9% 19.7%
GLDN iShares Physical Gold ETF 20.8% 37.5% 31.1% 24.2% 18.8%
GHLD Global X Gold Bullion (Currency Hedged) ETF 23.3% 41.2% 35.6% 27.2% 27.7%
ETPMPT Global X Physical Platinum 36.9% 57.6% 52.9% 43.1% 28.0%
ETPMPM Global X Physical Precious Metals Basket 28.9% 50.5% 39.5% 32.0% 22.0%
ETPMPD Global X Physical Palladium 31.7% 51.1% 48.5% 48.6% 34.7%
ETPMAG Global X Physical Silver 53.9% 88.7% 70.6% 53.9% 27.3%
BCOM Global X Bloomberg Commodity ETF (Synthetic) 39.0% 28.2% 21.9% 18.5% 14.7%