Gold etf tracking error trading spread is large. Gold ETF is firstly an ETF product, and ETF is a fund product that can be directly traded in the secondary market. The way of gold ETF management is to directly buy 100% AU4 9s of the gold exchange, which is considered to be very different from passive funds, but it is not. The competition of annualized tracking error is fierce. Seeing the four gold ETFs on the market, the best annualized tracking error is Huaan ETF5 bp, the worst is 6.3 bp, and the difference between the best and the worst is only1.2bp..