ACWD.L vs. IGLD.DE
ACWD.L (SPDR MSCI All Country World UCITS ETF) and IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - ACWD.L is a Global Equities fund tracking the MSCI ACWI Index, while IGLD.DE is a Precious Metals fund tracking the Gold (EUR Hedged). Both are passively managed. Over the past 3 years, ACWD.L returned 19.72%/yr vs 31.98%/yr for IGLD.DE. At a 0.33 correlation, their price movements are largely independent. ACWD.L charges 0.12%/yr vs 0.25%/yr for IGLD.DE.
Performance
ACWD.L vs. IGLD.DE - Performance Comparison
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Different Trading Currencies
ACWD.L is traded in USD, while IGLD.DE is traded in EUR. To make them comparable, the IGLD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWD.L achieves a 7.87% return, which is significantly higher than IGLD.DE's -0.82% return.
ACWD.L
- 1D
- -1.23%
- 1M
- -1.03%
- YTD
- 7.87%
- 6M
- 9.05%
- 1Y
- 24.10%
- 3Y*
- 19.72%
- 5Y*
- 10.52%
- 10Y*
- 12.41%
IGLD.DE
- 1D
- 0.81%
- 1M
- -6.71%
- YTD
- -0.82%
- 6M
- 4.83%
- 1Y
- 32.84%
- 3Y*
- 31.98%
- 5Y*
- —
- 10Y*
- —
ACWD.L vs. IGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ACWD.L SPDR MSCI All Country World UCITS ETF | 7.87% | 22.83% | 17.76% | 22.27% | 2.41% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -0.82% | 84.06% | 17.42% | 13.98% | 8.04% |
Correlation
The correlation between ACWD.L and IGLD.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.33 |
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Return for Risk
ACWD.L vs. IGLD.DE — Risk / Return Rank
ACWD.L
IGLD.DE
ACWD.L vs. IGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI All Country World UCITS ETF (ACWD.L) and iShares Physical Gold (EUR Hedged) ETC (IGLD.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ACWD.L | IGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.52 | +1.23 |
| Martin ratioReturn relative to average drawdown | 11.33 | 3.80 | +7.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACWD.L | IGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.14 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.28 | -0.65 |
Drawdowns
ACWD.L vs. IGLD.DE - Drawdown Comparison
The maximum ACWD.L drawdown since its inception was -33.64%, which is greater than IGLD.DE's maximum drawdown of -20.30%. Use the drawdown chart below to compare losses from any high point for ACWD.L and IGLD.DE.
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Drawdown Indicators
| ACWD.L | IGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -20.30% | -13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -20.30% | +11.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -20.30% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.64% | — | — |
Current DrawdownCurrent decline from peak | -3.96% | -18.64% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -4.89% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 8.14% | -6.02% |
Volatility
ACWD.L vs. IGLD.DE - Volatility Comparison
The current volatility for SPDR MSCI All Country World UCITS ETF (ACWD.L) is 4.13%, while iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a volatility of 6.65%. This indicates that ACWD.L experiences smaller price fluctuations and is considered to be less risky than IGLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWD.L | IGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 6.65% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 23.23% | -13.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 27.08% | -14.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 21.71% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 21.71% | -5.85% |
ACWD.L vs. IGLD.DE - Expense Ratio Comparison
ACWD.L has a 0.12% expense ratio, which is lower than IGLD.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ACWD.L vs. IGLD.DE - Dividend Comparison
Neither ACWD.L nor IGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
ACWD.L and IGLD.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWD.L is cheaper with a 0.12% expense ratio, compared with 0.25% for IGLD.DE.
ACWD.L is categorized as Global Equities, while IGLD.DE is Precious Metals. ACWD.L tracks MSCI ACWI Index, while IGLD.DE tracks Gold (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ACWD.L and 0.25% for IGLD.DE.
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