The Complete List of Canadian Gold ETFs

Gold is seen as a safe heaven during market turbulence and economic unknowns but it can be scary to invest in gold.

Do you buy physical gold bullions? Do you buy a gold miner without understanding all the socioeconomic challenges that a miner could face? Or do you simply go for a Gold ETF?

Those are the 3 options available to you to get gold exposure. As it happens, you actually can use a Canadian Gold ETF to expose yourself to the physical gold or to the gold miners or to both. The options with gold ETFs are there.

While Exchange Traded-Funds (or ETFs for short) were introduced in the 1990’s, they have recently become a strong investment vehicles for many investors to avoid the abusive management fees of the mutual funds.

ETFs can provide a way to get exposed to gold if that’s of interest. Below are the Canadian gold ETFs you can pick from.

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List of Canadian Gold ETFs

Here are the complete list of Canadian gold ETFs and their performance over the past 5 years. While they have a focus on gold, the performance is far from being equal.

I have excluded ETFs that invest in “future” derivatives as it falls outside of bullions and stocks and is more akin to trading a currency.

wdt_IDETFNameInceptionCompanyAssets
2ZJGBMO Junior Gold Index ETF19/01/2010BMO Asset ManagementGold Stocks
5CGLIShares Gold Bullion ETF28/05/2009BlackRockBullions
6XGDIShares S&P/TSX Global Gold Index ETF23/03/2001BlackRockGold Stocks
7HGYHorizons Gold Yield ETF17/12/2010Horizons ETFs ManagementGold Stocks
12HEPHorizons Enhanced Income Gold Producers ETF11/04/2011Horizons ETFs ManagementGold Stocks
13KILOPurpose Gold Bullion Fund29/10/2019Purpose InvestmentsBullions
14PHYS Sprott Physical Gold Trust24/02/2010SprottBullions
15MNTThe Canadian Gold Reserves exchange traded receipt29/11/2011Royal Canadian MintBullions
16ZGDBMO Equal Weight Global Gold Index ETF14/11/2012BMO Asset ManagementGold Stocks
17CGXFCI First Asset Gold+ Giants Covered Call ETF01/06/2011CI First AssetGold Stocks

While I do not have gold in my portfolio, gold has long been considered a defensive investment. Holding gold can put your mind at ease during poor market conditions, or market volatility. Another option is to hold bonds but it doesn’t have the same performance against inflation as some would say.

Obviously, no one can predict gold prices and your guess is as good as mine when it comes to how gold will be priced in the future but for now we can evaluate the various approach of the listed Canadian gold ETFs. 

Now, it’s important to separate the asset classes to compare apples to apples. As such you can see how the gold bullion ETFs do separately from the gold miners.

Canadian Gold Bullion ETFs

The objective of the following ETFs is to replicate the performance of the price of gold bullion for investors, less expenses and fees. Many have a $USD option as well if desired.

wdt_IDETFYieldMERFrequencyNet Assets
1HXF3.870.28Monthly20M
5HEF5.560.83Monthly15M
7CGL0.000.55Annual1,043M
10MNT0.000.35-659M

Canadian Gold Stocks ETFs

The purpose of those ETFs is to primarily expose investors to gold stocks through various strategies. 

wdt_IDETFYieldMERFrequencyNet Assets
1HGY4.961.09Monthly55M
5HEP5.280.84Monthly163M
7ZJG0.000.60Annually117M
8XGD0.220.61Quarterly1,479M
9ZGD0.000.62Annually240M
10CGFX0.000.65Quarterly453M
11HGGG0.000.40Annually9M

Each of the ETFs will hold the various gold stocks traded on the Canadian and US exchanges.

TickerKeyTickerCompanySectorIndustryScoreQuoteMarket CapP/EFPEEPSYield RawYieldPayoutRatioPaymentsDividendChowderGrowthRatingIncomeRatingTollboothAmbassadorAchieverAristocratKingCountryGraph
TSE:NGTNGTNewmontBasic MaterialsGold0.3176.6849.950.000.000.000.03533.531.000042.200.035323IntermediateNONONONOCanada1
TSE:ABXABXBarrick GoldBasic MaterialsGold0.5126.1937.1916.3216.321.600.01691.690.276540.360.016925IntermediateNONONONOCanada1
TSE:FNVFNVFranco-Nevada CorpBasic MaterialsGold0.48171.2332.6181.5281.522.100.00750.750.608641.040.049665IntermediateYESYESYESNOCanada1
TSE:WPMWPMWheaton Precious Metals CorpBasic MaterialsGold0.5050.9918.5636.8036.801.390.01251.250.459740.520.096254IntermediateNONOYESNOCanada1
TSE:AEMAEMAgnico Eagle MinesBasic MaterialsGold0.6376.8215.1729.7229.722.580.02242.240.666841.400.203475IntermediateNONOYESNOCanada1
TSE:BTOBTOB2GoldBasic MaterialsGold0.465.926.218.118.110.730.03323.320.269340.160.033233IntermediateNONONONOCanada1
TSE:YRIYRIYamana GoldBasic MaterialsGold0.435.634.4220.5920.590.270.02292.290.477940.110.034814IntermediateNONONONOCanada1
TSE:AGIAGIAlamos GoldBasic MaterialsGold0.509.853.8715.2715.270.650.01251.250.189140.100.025934IntermediateNONONONOCanada1
TSE:OROROsisko Gold RoyaltiesBasic MaterialsGold0.3414.842.48142.83142.830.100.01351.352.000040.200.049241IntermediateNONONONOCanada1

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