EGLN.L vs. CEMS.DE
EGLN.L (iShares Physical Gold ETC) and CEMS.DE (iShares Edge MSCI Europe Value Factor UCITS ETF) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while CEMS.DE is a Europe Equities fund tracking the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, EGLN.L returned 10.77%/yr vs 11.60%/yr for CEMS.DE. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
EGLN.L vs. CEMS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGLN.L achieves a -0.76% return, which is significantly lower than CEMS.DE's 14.37% return. Over the past 10 years, EGLN.L has underperformed CEMS.DE with an annualized return of 10.77%, while CEMS.DE has yielded a comparatively higher 11.60% annualized return.
EGLN.L
- 1D
- 2.84%
- 1M
- -9.14%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 24.31%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
CEMS.DE
- 1D
- 2.48%
- 1M
- 3.42%
- YTD
- 14.37%
- 6M
- 17.13%
- 1Y
- 32.78%
- 3Y*
- 21.17%
- 5Y*
- 14.39%
- 10Y*
- 11.60%
EGLN.L vs. CEMS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
CEMS.DE iShares Edge MSCI Europe Value Factor UCITS ETF | 14.37% | 36.00% | 9.92% | 13.88% | -4.51% | 26.64% | -8.83% | 23.35% | -14.05% | 10.13% |
Correlation
The correlation between EGLN.L and CEMS.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | -0.06 |
The correlation between EGLN.L and CEMS.DE shifts across timeframes, from -0.06 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EGLN.L vs. CEMS.DE — Risk / Return Rank
EGLN.L
CEMS.DE
EGLN.L vs. CEMS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
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.
| EGLN.L | CEMS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.26 | -2.16 |
| Martin ratioReturn relative to average drawdown | 3.36 | 12.19 | -8.84 |
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Drawdowns
EGLN.L vs. CEMS.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than CEMS.DE's maximum drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for EGLN.L and CEMS.DE.
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Drawdown Indicators
| EGLN.L | CEMS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -40.22% | -7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -10.02% | -11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -17.61% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -19.56% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -40.22% | +14.01% |
Current DrawdownCurrent decline from peak | -19.73% | -0.66% | -19.07% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -7.50% | -15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.68% | +4.49% |
Volatility
EGLN.L vs. CEMS.DE - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) at 4.88%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than CEMS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGLN.L | CEMS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 4.88% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 11.54% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 14.15% | +9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 15.31% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 17.46% | -1.46% |
EGLN.L vs. CEMS.DE - Expense Ratio Comparison
Both EGLN.L and CEMS.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EGLN.L vs. CEMS.DE - Dividend Comparison
Neither EGLN.L nor CEMS.DE has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and CEMS.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L and CEMS.DE have the same expense ratio: 0.25% per year.
EGLN.L is categorized as Gold, while CEMS.DE is Europe Equities. EGLN.L tracks LBMA Gold Price, while CEMS.DE tracks MSCI Europe Enhanced Value.
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