Performance data is updated to 31 May 2026.
VanEck Gold Bullion ETF (NUGG) — Review & Analysis
NUGG is VanEck's physical gold ETF, distinguished by holding gold bullion in Australian vaulted storage — a differentiator versus most ASX gold ETFs that vault in London or the US. AUM is $257.26 million with a 0.25% p.a. fee — competitive with the low-cost cohort but 7bp higher than GLDN and 10bp above GXLD. Compare NUGG across the gold universe on our commodities and resources ETF page.
The Australian storage feature is a genuine differentiator for investors who prefer onshore custody for sovereign-risk reasons — important for some SMSF trustees and self-directed investors concerned about geopolitical custody risk.
The vaulting is done with the Perth Mint, which gives NUGG a unique angle in the gold ETF space. Beyond storage location, the investment exposure is identical to other physical gold ETFs — the AUD price of gold bullion, less management fee.
NUGG's price has tracked gold spot very closely since launch, with minor tracking error from FX timing and storage costs. Our gold and precious metal ETF options guide covers every gold ETF on the ASX side-by-side.
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Gold and precious metals have been shining stars in portfolios amid 2026's volatile markets. With geopolitical tensions, inflation concerns, and a booming commodity cycle, many Aussies are turning to ETFs for easy, low-cost exposure. But with over a dozen gold-focused options on the ASX, which one fits your strategy?
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| GOLD | Global X Physical Gold | +22.27% |
| PMGOLD | Perth Mint Gold | +22.50% |
| ETPMAG | Physical Silver | +103.79% |
| GDX | VanEck Gold Miners ETF | +60.85% |
| QAU | Gold Bullion Currency Hedged ETF | +34.36% |
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Last updated: January 2026
