GLTR vs UX

GLTRBabrdn Physical Precious Metals Basket Shares ETF

UXDRoundhill Uranium ETF

In short

GLTR Gold, silver, platinum and palladium in one wrapper, all held as physical bullion. GLTR is the rare one-ticker version of the entire precious-metals complex, running since 2010, and it owns the metal instead of renting exposure through futures.

UX Uranium funds usually buy the miners. UX aims at the yellowcake itself, via swaps tied to Sprott's physical uranium trust and Yellow Cake plc: the first US-listed ETF built around the U3O8 price. Costs 0.77% a year, no waiver.

Stated mandate

GLTR The Trust holds a physical bullion basket containing gold, silver, platinum, and palladium in specified proportions, with baskets issued against bullion deposits and bullion distributed on redemptions.

UX The fund seeks exposure to changes in the price of physical uranium, including through swap agreements linked to uranium-related trusts and other reference assets.

Why people hold it

• GLTR Four metals, one ticker: the trust holds physical gold, silver, platinum and palladium in set proportions, with baskets created and redeemed in bullion rather than cash.aberdeeninvestments.com
• Trading since 2010 and now a multi-billion-dollar trust: one of the longest-standing ways to own the full metals basket inside a brokerage account.
• Because it holds bullion outright, its results have tracked the underlying metals basket closely, less expenses, among the tighter records in the physical-commodity group.
• The 0.60% fee sits right at the median for physically backed commodity funds, so the four-metal convenience is not priced above the category norm.

• UX The first US-listed ETF designed to give exposure to the price of physical uranium (U3O8) rather than to the companies that mine it.roundhillinvestments.com
• No yellowcake in a warehouse. Exposure comes from swaps referencing the Sprott Physical Uranium Trust and Yellow Cake plc, collateralized with Treasury bills.sec.gov
• Spot-uranium swaps sit in a wholly owned Cayman subsidiary, capped at 25% of assets at each fiscal quarter-end to keep the fund's 1940 Act tax treatment.roundhillinvestments.com

Worth knowing

• GLTR Single-metal siblings cost less: SIVR charges 0.30% and SLV 0.50%. Bundling four metals into one line item costs a little more than buying one.
• The proportions are set by the trust, and platinum and palladium bring industrial demand swings a gold-only holding does not. You cannot dial the mix yourself.
• No income here. It is a grantor trust holding metal, pays no distributions, and volume is moderate rather than heavy, so spreads deserve a glance.

• UX At 0.77% with no fee waiver, it charges more than the typical physical-commodity fund, and more than vault-held metal peers SIVR (0.30%) and SLV (0.50%).
• Results lean on Sprott and Yellow Cake, which can trade at a premium or discount to their uranium holdings, so the fund can diverge from spot U3O8.sec.govroundhillinvestments.com
• A 2025 launch with a small asset base, thin on-screen trading and non-diversified status under the 1940 Act, which can mean wider spreads than big vault-based funds.sec.gov

Full GLTR profile⁠

Full UX profile⁠