ASWC.DE vs. EGLN.L
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past year, ASWC.DE returned 16.90% vs 22.86% for EGLN.L. At a 0.14 correlation, their price movements are largely independent. ASWC.DE charges 0.49%/yr vs 0.25%/yr for EGLN.L.
Performance
ASWC.DE vs. EGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly higher than EGLN.L's -0.76% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 4.69%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L
- 1D
- 2.84%
- 1M
- -6.84%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 22.86%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
ASWC.DE vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 5.61% |
Correlation
The correlation between ASWC.DE and EGLN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.14 |
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Return for Risk
ASWC.DE vs. EGLN.L — Risk / Return Rank
ASWC.DE
EGLN.L
ASWC.DE vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and iShares Physical Gold ETC (EGLN.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASWC.DE | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.10 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.10 | 3.36 | -0.26 |
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Drawdowns
ASWC.DE vs. EGLN.L - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum EGLN.L drawdown of -47.44%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and EGLN.L.
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Drawdown Indicators
| ASWC.DE | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -47.44% | +34.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -21.94% | +9.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -2.83% | -19.73% | +16.90% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -22.54% | +20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 7.17% | -1.66% |
Volatility
ASWC.DE vs. EGLN.L - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) is 5.89%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 6.72%. This indicates that ASWC.DE experiences smaller price fluctuations and is considered to be less risky than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.72% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 20.79% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 23.72% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 17.26% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 16.00% | +3.11% |
ASWC.DE vs. EGLN.L - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than EGLN.L's 0.25% expense ratio.
Dividends
ASWC.DE vs. EGLN.L - Dividend Comparison
Neither ASWC.DE nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE and EGLN.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while EGLN.L is Gold. ASWC.DE tracks EQM Future of Defence Index, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.49% for ASWC.DE and 0.25% for EGLN.L.
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