

SGDM outperformed over the past year but carries deeper drawdowns. GLD offers lower volatility and greater liquidity with $129.2 billion in assets.

SPDR Gold Shares offers direct exposure to physical gold bullion prices with a slightly lower expense ratio than the mining-focused alternative Sprott Gold Miners ETF concentrates on equity in gold-producing companies and has historically shown much higher volatility and deeper drawdowns SPDR Gold Shares manages over $132.1 billion in assets under management, whereas the Sprott Gold Miners ETF oversees a smaller portfolio of 49 stocks

If you bought VanEck Gold Miners ETF (NYSEARCA:GDX) because you wanted leveraged exposure to a gold rally, the past decade delivered a quiet insult: a nearly identical fund charging less beat it, and physical gold beat it too.

iShares Silver Trust provides direct exposure to physical bullion, whereas Sprott Gold Miners ETF holds shares of companies that mine the metal Sprott Gold Miners ETF offers a lower expense ratio of 0.46% compared to the 0.50% fee for iShares Silver Trust iShares Silver Trust has outperformed on a 1-year total return basis but has historically faced a steeper five-year maximum drawdown

iShares MSCI Global Silver and Metals Miners ETF has a lower expense ratio and higher dividend yield than Sprott Gold Miners ETF. iShares MSCI Global Silver and Metals Miners ETF significantly outperformed on a one-year total return basis as of July 2, 2026.

Sprott Gold Miners ETF offers a lower expense ratio of 0.46% compared to 0.65% for Global X - Silver Miners ETF Global X Silver Miners ETF provides pure-play exposure to global silver mining, while Sprott Gold Miners ETF targets gold producers in the U.S. and Canada Sprott Gold Miners ETF has delivered higher 5-year growth and shows a lower beta, indicating less historical volatility relative to the S&P 500

With countries and central banks seeking to buy up metals for the years to come, crafty advisors and investors have been able to capitalize on these purchases with strategic exposure. Of course, this attention has also extended to gold, which has seen its price both rise and fall in the first half of the year.

Gold ETFs remain well-positioned despite near-term volatility, supported by central bank buying, U.S.-Iran peace deal and their role as a portfolio diversifier.