Portevo
ETFs

Gold and Commodity ETFs

Gold, metals, and commodity baskets — assets that behave differently from stocks, and therein lies their role.

Funds on the list
20
Accumulating
17
Distributing
3

What to know before choosing

Gold does not pay interest or dividends, so its valuation is purely a matter of confidence in currencies and bonds. It is held in a portfolio not to generate high returns, but because it tends to perform strongly when the rest of the portfolio is weak.

Formally, most 'gold ETFs' are ETCs — debt instruments backed by physical bullion, not funds. For an investor with a brokerage account, the practical difference is whether the product is backed by metal in a vault or only by contracts.

Global

Global X Copper Miners
COPX · USD · Distributing
Copper miners — the metal of power grids, electric vehicles, and data centers.
Invesco Bloomberg Commodity
CMOD.L · USD · Accumulating
Basket of commodities: energy, metals, agriculture. An inflation hedge.
Invesco DB Commodity Index
DBC · USD · Accumulating
Basket of energy, metals, and agriculture futures contracts.
Invesco Optimum Yield Diversified Commodity
PDBC · USD · Distributing
A commodity basket with a smarter selection of contracts to reduce roll costs.
Invesco Physical Gold
SGLD.L · USD · Accumulating
Physical gold, one of the cheapest gold funds in Europe.
Invesco Physical Silver
SLVP.L · GBP · Accumulating
Physical silver. More industrial and much more volatile than gold.
iShares Gold Producers
IS0E.DE · EUR · Accumulating
Gold mines instead of bullion — grows more than gold, but also falls more.
iShares Gold Trust
IAU · USD · Accumulating
Physical gold with a lower fee than GLD.
iShares Physical Gold
SGLN.L · GBP · Accumulating
Physical gold bars in a vault. A classic portfolio hedge.
iShares Physical Gold (USD)
IGLN.L · USD · accumulating
Gold bars, USD denominated.
iShares Physical Silver
SSLN.L · GBP · accumulating
Silver — more industrial and much more volatile than gold.
iShares Silver Trust
SLV · USD · accumulating
Physical silver in a vault — more volatile than gold.
SPDR Gold MiniShares
GLDM · USD · accumulating
The cheapest gold variant from SPDR, with a low unit price.
SPDR Gold Shares
GLD · USD · accumulating
The world's largest physical gold fund.
United States Oil Fund
USO · USD · accumulating
WTI crude oil via futures contracts—for short-term trading, rolling costs erode returns.
VanEck Gold Miners
GDX.L · USD · accumulating
Gold mines. They perform like gold, but with greater volatility — in both directions.
VanEck Junior Gold Miners
GDXJ · USD · distributing
Smaller gold mines — leverage to the price of gold, in both directions.
WisdomTree Physical Gold
PHAU.L · USD · accumulating
Another physical gold fund—compare the annual fee.
WisdomTree WTI Crude Oil
CRUD.L · USD · accumulating
WTI crude oil via futures contracts. For short-term trading, not for holding for years.

Europe

Xetra-Gold
4GLD.DE · EUR · accumulating
Gold denominated in euros, with the right to physical delivery.

Frequently Asked Questions

Can I buy these funds through a Polish broker?

Yes — this is a catalog of funds listed on European exchanges, accessible from a typical Polish brokerage account. However, the availability of a specific fund depends on your broker, and it's worth checking before placing an order.

What's the difference between an accumulating and a distributing fund?

Accumulating funds reinvest dividends internally, while distributing funds pay them out to your account. For long-term saving, accumulating funds are usually more tax-efficient because you only pay tax when you sell.

Where can I check a fund's fees and holdings?

In the ETF scanner within the Portevo app — there, numbers (TER, holdings, performance, currency) are pulled live for the selected fund.

Related

Screen a fund before buying

The in-app ETF screener shows the expense ratio, holdings, currency, and performance of a fund, as well as how it overlaps with companies you already hold in your portfolio.

Portevo is not an investment advisor. The data and analyses are for informational and educational purposes only and do not constitute a recommendation or an offer to buy or sell financial instruments. Quotes are from external providers and may be delayed. You make investment decisions at your own risk.

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