The same checks on six gold and commodity funds: what one share is worth against its price, what it holds, which multiples or risk figures its issuer publishes, and what it costs. Each figure is read from the issuer, dated and linked.
Verified figures, not advice. Every number on this page comes from the fund issuer's own page, factsheet or key information document, or from an exchange price, and the source is linked under each fund. Every calculation is shown, so you can repeat it. What we do not do is tell you what a fund should be worth or whether to buy it: that is a judgement, and it belongs to you. This is a snapshot: prices and values of 13 October 2026, issuer data read on 13 and 14 October 2026. Found a mistake? Tell us and we correct it.
NAV is what the fund's assets are worth per share, struck by the issuer. The market price is what the share traded at on the exchange. We compute the gap only when both are in the same currency and refer to the same day; otherwise we say so instead of converting with a rate we did not verify.
FundNAV per shareMarket pricePrice vs NAVShares in issueFund value (NAV × shares)
iShares Physical Gold ETC
IE00B4ND3602 · iShares Physical Metals plc
$80.86
13 Oct 2026
€72.10
SGLN · Borsa Italiana 13 Oct 2026
not comparable
EUR price vs USD NAV, or different dates
477,956,028
$38.65bn
computed
Invesco Physical Gold ETC
IE00B579F325 · Invesco Physical Markets plc
$400.99
13 Oct 2026
€357.77
SGLD · Borsa Italiana / Euronext Milan 13 Oct 2026
not comparable
EUR price vs USD NAV, or different dates
72,884,504
$29.23bn
computed
WisdomTree Physical Gold
JE00B1VS3770 · WisdomTree Metal Securities Limited
$386.63
12 Oct 2026
€344.52
PHAU · Borsa Italiana 13 Oct 2026
not comparable
EUR price vs USD NAV, or different dates
18,077,694
$6.99bn
computed
Xtrackers Physical Gold EUR Hedged ETC
DE000A1EK0G3 · DB ETC plc
€233.29
13 Oct 2026
€232.85
XAD1 IM · Borsa Italiana 13 Oct 2026
-0.19%
computed: price ÷ NAV − 1, same currency, same day
not verified
not verified
iShares Diversified Commodity Swap UCITS ETF (USD Acc)
IE00BDFL4P12 · iShares VI plc
$10.82
13 Oct 2026
not verified
not verified
226,069,632
$2.45bn
computed
WisdomTree Broad Commodities
GB00B15KY989 · WisdomTree Commodity Securities Limited
$17.47
12 Oct 2026
€15.68
AIGC IM · Borsa Italiana 13 Oct 2026
not comparable
EUR price vs USD NAV, or different dates
7,252,423
$127m
computed
FundHoldingsTop 10 weightLargest holdingTop 3 countriesTop 3 sectors
iShares Physical Gold ETC
IE00B4ND3602 · iShares Physical Metals plc
1
100.0%
100.0%
not verified
not verified
Invesco Physical Gold ETC
IE00B579F325 · Invesco Physical Markets plc
1
100.0%
100.0%
not verified
not verified
WisdomTree Physical Gold
JE00B1VS3770 · WisdomTree Metal Securities Limited
1
100.0%
100.0%
not verified
not verified
Xtrackers Physical Gold EUR Hedged ETC
DE000A1EK0G3 · DB ETC plc
1
100.0%
100.0%
not verified
not verified
iShares Diversified Commodity Swap UCITS ETF (USD Acc)
IE00BDFL4P12 · iShares VI plc
178
24.1%
synthetic: index weights, not the swap basket
4.1%
not verified
not verified
WisdomTree Broad Commodities
GB00B15KY989 · WisdomTree Commodity Securities Limited
25
69.1%
synthetic: index weights, not the swap basket
14.2%
not verified
Energy 44.8%, Agricultural 26.3%, Precious Metals 12.5%
FundGold per securityGold price usedGold value per securityNAVGold value vs NAV
iShares Physical Gold ETC
IE00B4ND3602 · iShares Physical Metals plc
0.019393 oz
13 Oct 2026
$4,169.50 per oz
LBMA 13 Oct 2026
$80.86
computed: 0.019393 × 4,169.50
$80.86
13 Oct 2026
+0.00%
same day, same currency
Invesco Physical Gold ETC
IE00B579F325 · Invesco Physical Markets plc
0.096172 oz
13 Oct 2026
$4,169.50 per oz
LBMA 13 Oct 2026
$400.99
computed: 0.096172 × 4,169.50
$400.99
13 Oct 2026
-0.00%
same day, same currency
WisdomTree Physical Gold
JE00B1VS3770 · WisdomTree Metal Securities Limited
0.092675 oz
12 Oct 2026
$4,169.50 per oz
LBMA 13 Oct 2026
$386.41
computed: 0.092675 × 4,169.50
$386.63
12 Oct 2026
not comparable
NAV dated 12 Oct 2026
Xtrackers Physical Gold EUR Hedged ETC
DE000A1EK0G3 · DB ETC plc
not verified
not verified
not verified
€233.29
13 Oct 2026
EUR-hedged: the entitlement is not published per security
iShares Diversified Commodity Swap UCITS ETF (USD Acc)
IE00BDFL4P12 · iShares VI plc
not verified
not verified
not verified
$10.82
13 Oct 2026
No metal held: exposure through swaps
WisdomTree Broad Commodities
GB00B15KY989 · WisdomTree Commodity Securities Limited
not verified
not verified
not verified
$17.47
12 Oct 2026
No metal held: exposure through swaps
Gold value per security = ounces of gold each security entitles you to × the LBMA gold price. It is a check on what the product is built from, shown only where the issuer publishes the entitlement. Funds that hold no gold (swap-based commodity products) show no gold value by design. A small gap to NAV can come from the fix used (AM or PM) and from fees accrued.
TER is the annual cost the issuer publishes. The key information document (KID) splits costs further and adds transaction costs.
FundAnnual cost (TER)KID: management and otherKID: transaction costsSecurities lending return
iShares Physical Gold ETC
IE00B4ND3602 · iShares Physical Metals plc
0.12%
-59% vs median
0.13%
not verified
not verified
Invesco Physical Gold ETC
IE00B579F325 · Invesco Physical Markets plc
0.12%
-59% vs median
not verified
not verified
not verified
WisdomTree Physical Gold
JE00B1VS3770 · WisdomTree Metal Securities Limited
0.39%
+34% vs median
not verified
not verified
not verified
Xtrackers Physical Gold EUR Hedged ETC
DE000A1EK0G3 · DB ETC plc
0.59%
+103% vs median
0.61%
0.00%
not verified
iShares Diversified Commodity Swap UCITS ETF (USD Acc)
IE00BDFL4P12 · iShares VI plc
0.19%
-34% vs median
not verified
not verified
not verified
WisdomTree Broad Commodities
GB00B15KY989 · WisdomTree Commodity Securities Limited
0.49%
+69% vs median
not verified
not verified
not verified
iShares Physical Gold ETC
Read 14 Oct 2026. Sources: ishares.com, borsaitaliana.it, ishares.com
Not verified for this fund:
- premium_discount_pct (not published on issuer page)
- LBMA fix AM vs PM designation
- KID transaction costs / entry-exit lines (not re-read)
- tracking_difference (not published as such)
Invesco Physical Gold ETC
Read 14 Oct 2026. Sources: dng-api.invesco.com, dng-api.invesco.com, dng-api.invesco.com, dng-api.invesco.com, dng-api.invesco.com, invesco.com
Not verified for this fund:
- premium_discount_pct (not published)
- KID costs (not opened today)
- tracking_difference (not published as such)
- gold fix level itself is from the iShares page, not from Invesco
WisdomTree Physical Gold
Read 14 Oct 2026. Sources: wisdomtree.com, dataspanapi.wisdomtree.com, borsaitaliana.it, ishares.com
Not verified for this fund:
- premium_discount_pct (not published)
- KID costs (KID not retrievable)
- tracking_difference
- gold fix for 12/10/2026
- NAV/entitlement for 13/10/2026 (issuer page still showed 12/10 data)
Xtrackers Physical Gold EUR Hedged ETC
Read 14 Oct 2026. Sources: etf.dws.com, etf.dws.com, etf.dws.com, borsaitaliana.it, ishares.com
Not verified for this fund:
- metal_entitlement_oz_per_security
- shares_outstanding
- premium_discount_pct (not published; -0.19% only computed in notes)
- implied_gold_value_per_security
- gold price in EUR (no official EUR fix collected)
- tracking_difference
iShares Diversified Commodity Swap UCITS ETF (USD Acc)
Read 14 Oct 2026. Sources: ishares.com, ishares.com, ishares.com, ishares.com, ishares.com, wisdomtree.com
Not verified for this fund:
- market price of a listing (no official close retrieved)
- premium_discount_pct
- BCOMTR live sector/commodity weights as published by Bloomberg
- current swap counterparty list (only 31/03/2026 annual report)
- KID transaction costs (UCITS KIID has none)
- tracking_difference
- counterparty collateral breakdown
WisdomTree Broad Commodities
Read 14 Oct 2026. Sources: wisdomtree.com, dataspanapi.wisdomtree.com, borsaitaliana.it, streetinsider.com
Not verified for this fund:
- premium_discount_pct
- shares_outstanding date
- KID costs (not retrievable)
- tracking_difference
- live index weights cross-check vs Bloomberg publication (403)
- market price currency (EUR vs USD) on Borsa Italiana page ambiguous
- collateral market values
Questions people ask
What is NAV and why compare it with the price?
NAV is the value of the fund's assets per share. The exchange price can differ slightly because it is set by buyers and sellers. Comparing them shows how closely the price follows what the fund holds on that day.
Why is the price vs NAV gap not shown for every fund?
The gap is only meaningful when the price and the NAV are in the same currency and refer to the same day. Where they are not, we show "not comparable" instead of converting with an unverified exchange rate.
Are the P/E ratios comparable across issuers?
Not exactly. Issuers use forward or trailing earnings and different averaging methods. The page shows how each issuer defines its figure.