Gold ETFs
Let your portfolio shine with BMO ETFs—an affordable way to add gold exposure. Now with even lower fees on select BMO Gold ETFs.
Your gold, your way
BMO ETFs are an easy and cost-efficient way to access a range of gold exposures. We cut fees on BMO Equal Weight Global Gold Index ETF (ZGD) and BMO Junior Gold Index ETF (ZJG)—two investments that across all of 2025 gained 169% and 153%, respectively1—reducing their management fees to just 0.40%.2
BMO Gold ETFs provide exposure to gold without the need to store physical bullion or select the individual stocks of companies that explore and mine it. Our suite of low‑cost gold ETFs gives you the flexibility to choose the type of gold exposure that aligns with your investment objectives.
Advantages of investing with Gold
Strong historical performance of physical gold6
Gold’s annualized average rate of return since the year 2006 has surpassed major 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.
Direct Exposure
Get exposure to the price of gold bullion without having the hassle of buying and storing the precious metal. Inventory is only held in physical form. Gold is held in a local BMO vault in Toronto.
Cash Flow
Combines exposure to the price of gold bullion while generating a consistent cash flow7 generated through a covered call spread strategy.
BMO Covered Call Spread Gold Bullion ETF
Management fee: 0.65%
Distribution Frequency: Monthly
Gold Equity
Invests in equity securities of mining and exploration companies that tend to fluctuate with the price of gold. It also provides exposure to company profitability and mining activities.
Learn more about investing in Gold
Resources and documents
Get started
You can purchase BMO ETFs through your direct investing account with your online broker, or through your investment advisor.
Commodity ETFs FAQ
Sources
1Performance for ZGD for the period ended December 31, 2025 is as follows: 1 year 169.36%; 3 years 59.90%; 5 years 28.60%; and 10 years 24.05%.
Performance for ZJG for the period ended December 31, 2025 is as follows: 1 year 152.98%; 3 years 54.70%; 5 years 24.93%; and 10 years 23.08%.
BMO Global Asset Management, as of December 31, 2025. For more recent performance, see the "Price & Performance" tab at https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-equal-weight-global-gold-index-etf-zgd/ and https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-junior-gold-index-etf-zjg/.
Performance is shown net of fees, with dividends reinvested. Past performance is not indicative of future results.
2Effective after close of business on January 23, 2026, the management fees on BMO Equal Weight Global Gold Index ETF (ZGD) and BMO Junior Gold Index ETF (ZJG) were reduced from 0.55% to 0.40%.
3A 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).
4Source: BMO Global Asset Management, Bloomberg, January, 31 2025.
5Source : https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2025
6Source: BMO Global Asset Management, Bloomberg as of December 31, 2025. Average annual percentages are calculated in local currencies. Past performance is no guaranteed of future results.
7Distributions 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., an investment fund manager, 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 licence.