Global X Physical Gold Structured vs Betashares Gold Bullion Currency Hedged ETF
Overlap is estimated from the funds' listed top holdings, not their full constituent lists. Where there are no shared listed holdings it is shown as not reliably estimable.
GOLD and QAU are near-identical Thematic ETFs, with approximately 100% estimated (estimated, limited data) holdings overlap. GOLD has the lower management fee (0.4% vs 0.59% p.a.). There is limited reason to hold both, as the second fund adds little new exposure.
Global X Physical Gold Structured
Global X
Betashares Gold Bullion Currency Hedged ETF
BetaShares
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
Key differences at a glance
Which of GOLD and QAU fits depends on your objectives, not on one being superior. Where the two funds differ most:
Category scores compare these two ETFs only and are not absolute ratings.
GOLD has the lower management fee - the one objective "cheaper" axis.
Both funds are a similar size by assets.
GOLD and QAU offer similar breadth of exposure.
GOLD distributes approximately 0% and QAU approximately 1.2%; QAU carries the higher estimated distribution yield. A higher yield may suit an income focus; a lower one may suit a growth or tax-efficiency focus. Yields are estimates and are not guaranteed; past performance is not a reliable indicator of future returns.
Green highlights the factually lower fee or higher scale/income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions.
Past performance is not a reliable indicator of future returns.
Top shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: estimated, limited data.
Top 10 listed holdings for each fund, from issuer disclosures.
GOLD top holdings
QAU top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
GOLD sectors
QAU sectors
GOLD geography
QAU geography
Choosing between GOLD and QAU depends on your goals, time horizon and current holdings, not on one being the right answer for everyone. The main differences are summarised above, with the complete data below.
GOLD and QAU have approximately 100% estimated holdings overlap (estimated, limited data). This is considered high overlap, estimated from listed top holdings rather than the full constituent lists.
GOLD has the lower management fee. GOLD charges 0.4% per year ($40 per year on a $10,000 investment) and QAU charges 0.59% per year ($59 per year on a $10,000 investment). The difference is $19 per year per $10,000 invested.
GOLD (Global X Physical Gold Structured) manages approximately $1.4B and QAU (Betashares Gold Bullion Currency Hedged ETF) manages approximately $1.4B. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
You can hold both, but with approximately 100% estimated holdings overlap the two funds hold a high proportion of the same companies, so holding both means paying two sets of management fees on largely the same exposure. Whether that suits you depends on your own objectives.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. GOLD charges 0.4% and QAU charges 0.59%, so GOLD has the lower management fee, and they have approximately 100% estimated holdings overlap. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination.
General information only.This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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