Goldman SachsCommoditiesGold#83 of 104 by YTD

Goldman Sachs Physical Gold ETFAAAU

S&P 500 Compare

$40.79+1.8%

+$0.73 · Nov 9 close

Buy

AUM: $2.5B
Fee: 0.18%
Yield: 0.0%

Bumpy · 1Y: 2.1×S&P
Volume: 2.0M
NAV: $39.90

What's insideSee holdings →

Physical Gold 100.0%

52-week range25% below the high

$38.14$54.71

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+1.8%	+4.9%	−1.4%	−5.4%	−4.1%	+3.8%	+107.4%	+128.8%	+247.4%
Peer average	+2.5%	+2.1%	−2.9%	−4.6%	+4.5%	+8.9%	+99.2%	+90.0%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

AAAU in One Breath

AAAU Among Gold ETFs

YTD

#1GVUSGoldman Sachs+26.2%$449M

#2GVLEGoldman Sachs+21.5%$40.3M

#3GTEKGoldman Sachs+21.4%$190M

#4GSSCGoldman Sachs+16.5%$1.0B

#5GSCGoldman Sachs+16.1%$305M

#6GTOPGoldman Sachs+15.7%$643M

#7GSJYGoldman Sachs+13.4%$89.3M

#8GEMGoldman Sachs+12.5%$1.6B

#32AAAUGoldman Sachs−4.1%$2.5B

End-of-day Nov 10, 2026 · 40 Gold ETFs by YTD

$10,000 in AAAU

$10,000 in AAAU became

$22,877

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

AAAU’s Top Holdings

Today

Physical GoldPhysical Gold100.0%

Goldman Sachs AAAU · 1 holdings · tile size = share of the fund · as of Nov 9, 2026

What AAAU Holds

Today

All holdings100.0%

Physical G 100.0

Goldman Sachs AAAU · share of the fund · as of Nov 9, 2026

Physical’s Share of AAAU

Today

100.0%

$1000 of every $1,000 in AAAU is Physical

Physical held by AAAU

$2.5B

Goldman Sachs AAAU · each square = $10 of $1,000 · as of Nov 9, 2026

AAAU’s Share of Gold ETFs

Today

0.9%

of the $272B in 46 Gold ETFs

AAAU$2.5B0.9%

GLD$136B49.7%

IAU$61.0B22.4%

43 others$73.4B26.9%

Gold ETF AUM · Nov 10, 2026

AAAU Fee per $100 vs Peers

Today

$0.18a year
per $100

$18 a year on $10,000

IAUM$0.09

GLDM$0.10

SGOL$0.17

AAAU$0.18

IAU$0.25

GLD$0.40

Expense ratio · Gold peers · Nov 10, 2026

Inside AAAU

1 holdings · as of Nov 9, 2026

AAAU

Goldman Sachs Physical Gold ETF

Today

All holdings100.0%Physical GolPhysical Gold100.0%

#	Ticker	Company		Weight ▼
1	—	Physical Gold		100.00%

See all 1 holdings ↓

Goldman Sachs AAAU · current holdings by weight · as of Nov 9, 2026 · each tile is one holding

All AAAU Holdings

1 holdings · as of Nov 9, 2026

AAAU

AAAU’s Holdings

Today

#
1	—Physical Gold	100.00%	$10,000.00	0	$2.55B

Goldman Sachs AAAU · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

AAAU

Goldman Sachs Physical Gold ETF’s Peers

YTD


GLD	SPDRRead Desk	0.40%	−4.2%	+3.7%	$135.5B
IAU	iSharesRead Desk	0.25%	−4.2%	+3.7%	$61.0B
GLDM	SPDRRead Desk	0.10%	−4.1%	+4.0%	$30.8B
IAUM	iSharesRead Desk	0.09%	−4.0%	+4.0%	$8.3B
SGOL	AberdeenRead Desk	0.17%	−5.8%	+1.9%	$6.9B
AAAU	Goldman SachsThis fundRead Desk	0.18%	−4.1%	+3.8%	$2.5B

Gold peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put AAAU head to head with GLD →

GLD vs AAAU

YTD

GLDSPDR · GoldAAAUGoldman Sachs · Gold

Year to date

−4.2%

−4.1%

AAAU wins+0.1 pts

Past year

+3.7%

+3.8%

AAAU wins+0.2 pts

Fee

0.40%

0.18%

AAAU winslower fee

Yield

0.0%

Level

AUM

$136B

$2.5B

GLD53.2× more

3–0AAAU wins

SPDR GLD and Goldman Sachs AAAU · year-to-date · as of Nov 10, 2026 · AUM not scored

AAAU vs VOO

YTD

AAAU · Goldman Sachs Physical Gold

−4.1%

VOO · S&P 500

+11.3%

Gap

15.4 pts

Goldman Sachs AAAU and Vanguard VOO · YTD total return · as of Nov 10, 2026

AAAU vs Its Peer Average

YTD

AAAUAvsBPeer average

1D+1.8%+2.5%

1M−1.4%−2.9%

3M−5.4%−4.6%

YTD−4.1%+4.5%

1Y+3.8%+8.9%

3Y+107.4%+99.2%

5Y+128.8%+90.0%

3–4Peer average wins

45 Gold peers · each row scaled to its leader

How Bumpy Is AAAU?

View

AAAU

How Bumpy

2.1×the S&P 500’s swings

CalmerBumpierS&P 1×AAAU

Calm rank among 7 gold funds#2

Other gold funds1.1× to 2.1×

Goldman Sachs AAAU · daily swings over the past year vs the S&P 500

AAAU

Worst Drop

−28.1%from its Jan 29 high

Still below the high−23.3%

$10,000 at the high is now$7,670

Goldman Sachs AAAU · fall from the highest close, past year

AAAU

On a Bad Day

1.0×the S&P 500’s fall

AAAU’s worst day: Friday, Jan 30

AAAU

−10.1%

S&P 500

−0.3%

Up days53 of every 100

S&P 500 up days52 of every 100

Goldman Sachs AAAU · average move on days the S&P 500 fell

AAAU

Return for the Bumps

1Y#4 of 7 gold funds

#1GSIEGoldman Sachs

most for the bumps

#2IAUMiShares

#3GLDMSPDR

#4AAAUGoldman Sachs

#5IAUiShares

#6GLDSPDR

#7SGOLAberdeen

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

AAAU

Cost

Today

$18a year per $10,000

IAUM

GLDM

$10

SGOL

$17

AAAU

$18

IAU

$25

GSIE

$25

GLD

$40

Expense ratio 0.18%, taken from the fund’s value

AAAU

Volatility & Beta

28.4%annual volatility

S&P 500 volatility13.7%

Downside volatility21.2%

Beta vs SPY0.77

Correlation vs SPY0.37

Lowest beta of 7 gold fundsAAAU

Daily total returns × √252 · past 254 trading days

AAAU

Max Drawdown

−28.1%peak to trough

Peak closeJan 29, 2026

Current drawdown−23.3%

Worst day−10.05% · Jan 30

Closing prices, dividends in

AAAU

Up / Down Capture

96%down capture vs SPY

Down days

96%

Up days

92%

S&P 500

100%

Up ÷ down capture0.96

Up days53.1% (S&P 52.4%)

Average daily move on SPY up days and down days

AAAU

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
GSIE	0.92	1.41	15.3%	−10.8%	0.88	$25
IAUM	0.05	0.06	28.4%	−28.1%	0.77	$9
GLDM	0.04	0.06	28.6%	−28.0%	0.77	$10
AAAU	0.04	0.05	28.4%	−28.1%	0.77	$18
IAU	0.04	0.05	28.6%	−28.2%	0.77	$25
GLD	0.03	0.04	28.7%	−28.3%	0.78	$40
SGOL	−0.02	−0.03	28.5%	−28.1%	0.77	$17

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

AAAU

Trading

Today

+2.23%above its holdings’ value

Close$40.79

NAV$39.90

Fee per $10,000$18 a year

Avg. volume 30D1.3M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

AAAU

Fund Facts

Today

2018launched Jul 26

Tracks[…]

Exchange · CUSIPCBOE · 38150K103

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Goldman Sachs AAAU · fund facts · as of Nov 10, 2026

AAAU

Payouts by Year

Today

$0no payouts on record

AAAU does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

Goldman Sachs AAAU · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$39.90

Premium / discount[…]

Median spread · 30D[…]

Volume today2.0M

Average volume · 30D1.3M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.18%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$18.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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