
Zerodha Gold ETF-Growth
Price & Volume
Key Talking Points
Relatively low expense ratio
Expense ratio of the ETF (0.35%) is lower than average expense ratio of other Index funds/ETFs (0.48%) tracking Domestic Price of Gold
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
ETF's average daily traded value is high
This ETF's average 21-day turnover is relatively high at Rs 32.0 cr.
This is measured as average daily traded value (over last 21 trading days) on NSE and BSE combined (as applicable). Lower volume could imply low liquidity which could increase the transaction cost when buying/selling the ETF
What is Turnover (1M)?
Very high tracking difference
Tracking difference of the ETF (1.7%) is high
This measures the difference in returns (last 1 year) between the Index fund/ETF and its respective benchmark. Lower absolute tracking difference is better
What is Tracking Difference (1Y)?
Relatively high tracking difference
Tracking difference of the ETF is higher than average tracking difference of other Index funds/ETFs (1.51%) tracking Domestic Price of Gold
This measures the relative tracking difference of the Index fund/ETF with respect to average tracking difference all index funds/ETFs tracking the same benchmark.
What is Tracking Difference (1Y)?
Not enough performance data
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Moderate tracking error
Tracking error of the ETF (0.57%) is in a reasonable range
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Relatively low tracking error
Tracking error of the ETF is lower than average tracking error of other Index funds/ETFs (0.72%) tracking Domestic Price of Gold
This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.
What is Tracking Error?
Scheme Overview
The scheme seeks to generate returns corresponding to the Domestic Price of Gold before expenses, subject to tracking errors, fees and expenses by investing in Physical Gold.