What are commodity ETFs?

A commodity exchange traded fund is an investment trust that trades over a stock market exchange. Commodity ETFs allow investors to get exposure to a variety of commodities including precious metals.

What are precious metals?

Traditionally a precious metal is a physical commodity that tends to hold its value and generally increases over time, the two main examples that investors often purchase are gold and silver.

Why do investors buy commodity ETFs?

Investors generally buy commodity ETFs to further diversify their portfolios and hedge against inflation and economic uncertainty.

Gold ETFs

Let your portfolio shine. Invest in gold with BMO ETFs.

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Your gold, your way

BMO ETFs are an easy and cost-efficient way to invest in gold. BMO Gold ETFs can provide diversified exposure to the commodity without the need to own or store physical gold or buy individual stocks of companies that find it. Our line-up of gold ETFs give you flexibility to choose the gold exposure you want to help meet your investment objectives.

Advantages of investing with Gold

Strong historical performance of physical gold⁴

Gold’s annualized average rate of return since the year 2006 has surpassed major indices.

A line chart from 2006-2023 comparing the price of gold, the S&P 500, CPI and other indices. — Index returns do not reflect transactions costs or the deduction of other fees and expenses and it is not possible to invest directly in an Index. Past performance is not indicative of future results.

Explore our golden line-up of BMO ETFs

Whether you want to invest directly in physical gold, receive monthly cash flow or looking for equity growth potential, constructing your gold portfolio starts with BMO Gold ETFs.

Learn more about investing in Gold

Resources and documents

BMO Gold ETF Brochure

BMO Covered Call Spread Gold Bullion ETF Whitepaper

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You can purchase BMO ETFs through your direct investing account with your online broker, or through your investment advisor.

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Commodity ETFs FAQ

Sources

¹A statistical measure of how two securities move in relation to one another. Positive correlation indicates similar movements, up or down together, while negative correlation indicates opposite movements (when one rises, the other falls).

²Source: BMO Global Asset Management, Bloomberg, January, 31 2025.

³Source : https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2025

⁴Source: BMO Global Asset Management, Bloomberg as of May 7, 2025. Average annual percentages are calculated in local currencies. Past performance is no guaranteed of future results.

⁵Distributions are not guaranteed and are subject to change and/or elimination.

Disclaimers

Changes in rates of exchange may also reduce the value of your investment.

This website may contain links to other sites that BMO Global Asset Management does not own or operate. Any content from or links to a third-party website are not reviewed or endorsed by us. You use any external websites or third-party content at your own risk. Accordingly, we disclaim any responsibility for them.

This is for information purposes only. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or simplified prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s simplified prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

Past Performance is not indicative of future results.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under license.