Top 5 gold funds and ETFs with highest risk-adjusted returns. Check their 3-year performance
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What is a risk-adjusted return?
Sharpe ratio is a risk-adjusted return measure. It measures the excess return over the risk-free rate per unit of risk and is measured in terms of standard deviation. Here are the top 5 gold commodity-based funds with the highest risk-adjusted returns (Source: MF Screener).
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UTI Gold ETF FoF
UTI Gold ETF FoF had a sharpe ratio of 1.50. In the last three years, the fund has offered a return of 31.37%.
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Kotak Gold Fund
Kotak Gold Fund had a sharpe ratio of 1.48. In the last three years, the fund has offered a return of 30.88%.
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Axis Gold Fund
Axis Gold Fund had a sharpe ratio of 1.46. In the last three years, the fund has offered a return of 30.64%.
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Quantum Gold ETF FoF
Quantum Gold ETF FoF had a sharpe ratio of 1.44. In the last three years, the fund has offered a return of 31.13%
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Invesco India Gold ETF FoF
Invesco India Gold ETF FoF had a sharpe ratio of 1.42. In the last three years, the fund has offered a return of 30.31%.
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SBI Gold Fund
SBI Gold Fund had a sharpe ratio of 1.41. In the last three years, the fund has offered a return of 31.01%
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HDFC Gold ETF Fund of Fund
HDFC Gold ETF Fund of Fund had a sharpe ratio of 1.40. In the last three years, the fund has offered a return of 30.86%.