Goldman Sachs Physical Gold ETF AAAU
Get an overview for this symbol, along with GPT rating and analysis.
Analysis: The Goldman Sachs Physical Gold ETF (AAAU) is an exchange-traded fund that tracks the performance of physical gold. It has a relatively low expense ratio and provides investors with exposure to the price of gold without the need to physically own and store the metal. AAAU has a strong track record, with a positive year-to-date return of 8.4% and a three-year average return of 1.02%. The fund has consistently outperformed its benchmark and has a low beta of 0.13, indicating lower volatility compared to the broader market. With a 52-week high of $20.43 and a current price near the high end of its range, AAAU has shown resilience in uncertain market conditions. Overall, AAAU is a solid option for investors looking to diversify their portfolio and hedge against inflation.
Updated: 2023-10-22 13:05:57