Groww Gold ETF vs SBI Gold ETF
Groww Gold ETF and SBI Gold ETF are both Gold Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +31.22%, 5-year CAGR — vs +23.42%, volatility 23.06% vs 20.52%, maximum drawdown −22.21% vs −29.52%. Their portfolios overlap by 0% (0 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Compared as | Gold Index Funds & ETFs | Gold Index Funds & ETFs |
| NAV | ₹13.9161 | ₹121.4505 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 23 Oct 2024 | 27 May 2009 |
| Track record | 2.0 yrs | 17.4 yrs |
| Fund size (AUM) | ₹457 Cr | ₹26,466 Cr |
| Securities held | 1 | 1 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| 1 month | −3.07% | −3.09% |
| 3 months | −3.36% | −3.34% |
| 6 months | −5.20% | −5.20% |
| 1 year | +17.97% | +18.29% |
| 3 years (CAGR) | — | +31.22% |
| 5 years (CAGR) | — | +23.42% |
| 7 years (CAGR) | — | +19.48% |
| 10 years (CAGR) | — | +15.37% |
| Since launch (CAGR) | +32.55% | +12.78% |
| SIP return (XIRR, 5 years) ⓘ | — | +27.01% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| 2026 (year to date) | +7.02% | +7.25% |
| 2025 | +71.11% | +72.07% |
| 2024 | — | +19.47% |
| 2023 | — | +12.60% |
| 2022 | — | +13.78% |
| 2021 | — | −4.46% |
Risk
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Volatility (annualised) ⓘ | 23.06% | 20.52% |
| Downside volatility ⓘ | 11.23% | 9.73% |
| Sharpe ratio ⓘ | 1.13 | 1.21 |
| Sortino ratio ⓘ | 2.32 | 2.55 |
| Maximum drawdown ⓘ | −22.21% | −29.52% |
| Recovery from that fall | — | 48 months |
| Current fall from peak | −18.48% | −18.45% |
| Rolling 1-year return: worst | +10.83% | −19.74% |
| Rolling 1-year return: median | +56.46% | +11.77% |
| Rolling 1-year return: best | +112.15% | +113.51% |
| Share of 1-year periods with a loss | 0.00% | 23.99% |
Against each fund's benchmark
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Beta ⓘ | 0.25 | 0.06 |
| Alpha (Jensen's, annualised) ⓘ | +25.27% | +21.91% |
| R² ⓘ | 2.58 | 0.18 |
| Upside capture | 56.32% | 54.96% |
| Downside capture | -104.44% | -103.17% |
| Tracking error | 25.78% | 24.80% |
| Information ratio | 1.29 | 0.87 |
| Treynor ratio | 96.61 | 398.88 |
Portfolio
Asset mix
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Equity | 97.49% | 0.00% |
| Cash & equivalents | 2.51% | 1.82% |
| Foreign Securities | 0.00% | 98.18% |
Market-cap split (share of fund assets)
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Large Cap | 0.00% | 0.00% |
| Mid Cap | 0.00% | 0.00% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 97.49% | 0.00% |
Concentration
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Top 10 holdings | 97.49% | 98.18% |
| Effective number of stocks ⓘ | 1.1 | 1 |
| Securities held | 1 | 1 |
Portfolio overlap: 0%
0 companies are held by both funds; by weight, 0% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
Top 10 holdings
Groww Gold ETF
- Gold Commodity97.49%
SBI Gold ETF
- Gold98.18%
Sector exposure
| Groww Gold ETF | SBI Gold ETF | |
|---|---|---|
| Gold | 0.00% | 98.18% |
| OTHERS | 97.49% | 0.00% |
Questions people ask
What is the difference between Groww Gold ETF and SBI Gold ETF returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +17.97% vs +18.29%; 3-year CAGR — vs +31.22%; 5-year CAGR — vs +23.42%; 10-year CAGR — vs +15.37%. Past returns do not indicate future returns.
How do Groww Gold ETF and SBI Gold ETF compare on risk?
Volatility (36 monthly returns, annualised) 23.06% vs 20.52%; Sharpe ratio 1.13 vs 1.21; Sortino ratio 2.32 vs 2.55; maximum drawdown −22.21% vs −29.52%; beta 0.25 vs 0.06.
How much do Groww Gold ETF and SBI Gold ETF overlap?
By weight, 0% of the two portfolios is invested in the same companies; 0 stocks are held by both. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Groww Gold ETF and SBI Gold ETF?
Groww Gold ETF: large cap 0.0%, mid cap 0.0%, small cap 0.0%. SBI Gold ETF: large cap 0.0%, mid cap 0.0%, small cap 0.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Groww Gold ETF vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.