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CEC.DE vs. IAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEC.DE vs. IAU

Last updated Jun 5, 2026

CEC.DE (Ceconomy AG) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, CEC.DE returned -6.56%/yr vs 12.81%/yr for IAU. At a correlation of -0.05, they often move in opposite directions.

Performance

CEC.DE vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ceconomy AG (CEC.DE) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CEC.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEC.DE achieves a -11.22% return, which is significantly lower than IAU's 2.02% return. Over the past 10 years, CEC.DE has underperformed IAU with an annualized return of -6.56%, while IAU has yielded a comparatively higher 12.81% annualized return.

CEC.DE

1D
-0.89%
1M
-7.99%
YTD
-11.22%
6M
-10.41%
1Y
37.37%
3Y*
22.08%
5Y*
-4.00%
10Y*
-6.56%

IAU

1D
-2.86%
1M
-6.20%
YTD
2.02%
6M
3.70%
1Y
27.48%
3Y*
26.55%
5Y*
18.93%
10Y*
12.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEC.DE vs. IAU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEC.DE
Ceconomy AG		-11.22%67.43%6.38%33.33%-48.88%-33.10%4.79%71.84%-74.45%41.47%
IAU
iShares Gold Trust		2.02%44.49%35.22%9.45%5.53%3.18%14.73%20.65%2.85%-0.97%

Correlation

The correlation between CEC.DE and IAU is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.18

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

-0.05

Correlation (10Y)
Calculated over the trailing 10-year period

-0.05

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2007

-0.05

The correlation between CEC.DE and IAU shifts across timeframes, from -0.18 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Ceconomy AG

iShares Gold Trust

Often compared with CEC.DE:
CEC.DE vs. GPC
Often compared with IAU:
IAU vs. GLDIAU vs. GLDMIAU vs. IAUMIAU vs. SGOLIAU vs. GDXIAU vs. VOOIAU vs. PHYS

Return for Risk

CEC.DE vs. IAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEC.DE
CEC.DE Risk / Return Rank: 8383
Overall Rank
CEC.DE Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
CEC.DE Sortino Ratio Rank: 8383
Sortino Ratio Rank
CEC.DE Omega Ratio Rank: 8686
Omega Ratio Rank
CEC.DE Calmar Ratio Rank: 8080
Calmar Ratio Rank
CEC.DE Martin Ratio Rank: 8484
Martin Ratio Rank
IAU
IAU Risk / Return Rank: 2929
Overall Rank
IAU Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IAU Sortino Ratio Rank: 2727
Sortino Ratio Rank
IAU Omega Ratio Rank: 3333
Omega Ratio Rank
IAU Calmar Ratio Rank: 3030
Calmar Ratio Rank
IAU Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEC.DE vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ceconomy AG (CEC.DE) and iShares Gold Trust (IAU). 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.

CEC.DEIAUDifference
Sharpe ratioReturn per unit of total volatility
1.58
1.10

+0.49

Sortino ratioReturn per unit of downside risk
2.51
1.49

+1.02

Omega ratioGain probability vs. loss probability

1.38

1.23

+0.15

Calmar ratioReturn relative to maximum drawdown

2.66

1.54

+1.12

Martin ratioReturn relative to average drawdown

8.57

3.81

+4.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEC.DE vs. IAU - Sharpe Ratio Comparison

The current CEC.DE Sharpe Ratio is 1.58, which is higher than the IAU Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of CEC.DE and IAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CEC.DEIAUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.58

1.10

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.08

1.14

-1.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.14

0.86

-1.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.65

-0.56

Drawdowns

CEC.DE vs. IAU - Drawdown Comparison

The maximum CEC.DE drawdown since its inception was -91.04%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for CEC.DE and IAU.

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Drawdown Indicators

CEC.DEIAUDifference

Max Drawdown

Largest peak-to-trough decline

-91.04%

-37.42%

-53.62%

Max Drawdown (1Y)

Largest decline over 1 year

-16.23%

-17.90%

+1.67%

Max Drawdown (3Y)

Largest decline over 3 years

-37.91%

-17.90%

-20.01%

Max Drawdown (5Y)

Largest decline over 5 years

-77.26%

-17.90%

-59.36%

Max Drawdown (10Y)

Largest decline over 10 years

-91.04%

-18.61%

-72.43%

Current Drawdown

Current decline from peak

-68.61%

-17.90%

-50.71%

Average Drawdown

Average peak-to-trough decline

-36.16%

-12.02%

-24.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.05%

7.24%

-2.19%

Volatility

CEC.DE vs. IAU - Volatility Comparison

Ceconomy AG (CEC.DE) has a higher volatility of 11.26% compared to iShares Gold Trust (IAU) at 4.62%. This indicates that CEC.DE's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEC.DEIAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.26%

4.62%

+6.64%

Volatility (6M)

Calculated over the trailing 6-month period

15.87%

21.86%

-5.99%

Volatility (1Y)

Calculated over the trailing 1-year period

27.35%

25.16%

+2.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.26%

16.68%

+31.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.81%

14.89%

+32.92%

Dividends

CEC.DE vs. IAU - Dividend Comparison

Neither CEC.DE nor IAU has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CEC.DE
Ceconomy AG		0.00%0.00%0.00%0.00%9.15%0.00%0.00%0.00%8.26%7.93%10.06%9.67%
IAU
iShares Gold Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CEC.DE and IAU have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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