#7 - SPDR Gold Trust (NYSEARCA:GLD)
Another consideration in a diversified portfolio is exposure to a variety of asset classes. For some investors, that diversity means precious metals—and that usually means gold. There are many ways to invest in gold, but the SPDR Gold Shares ETF (NYSEARCA: GLD) is a key name to consider. GLD is 100% invested in gold with an objective to reflect the performance of the price of gold bullion minus the fund’s expenses.
The benefit of investing in a fund means you get the benefits of owning gold without the challenges that can arise when providing physical storage and security. And unlike gold mining stocks, the performance of the GLD fund is directly correlated to the spot price of gold.
In 2024, gold was one of the best-performing asset classes. But, taking a longer view, the fund is up over 73% in the last five years.
About SPDR Gold Shares
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust's business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).
More- Current Price
- $264.13
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
At the end of 2024, there were over 10,000 publicly traded ETFs. That can make picking the right funds like finding the needle in a haystack.
But the MarketBeat ETF Screener is here to help. It allows you several options for filtering your selections so you can find the funds that best match your investment objectives. In fact, we used the ETF Screener when we put together this list.
You'll notice that many of these ETFs have some stocks in common. That's an important consideration when putting together an ETF portfolio. Your goal is broad exposure, but you don't want to duplicate your efforts.
You should also keep your personal risk tolerance in mind. There are ETFs for almost any sector or asset class, so there's no reason to invest in funds that don't fit your personal investment style. After all, fund investors are looking to take a set-it-and-forget-it approach to their investments.
It's important to remember that ETFs come with fees that can eat away at your overall gains. We've tried to select funds that have the lowest fees in their category. However, in some cases, the expense ratio may be higher than you'd like, and you should take that into consideration.
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