EGLN.L vs. CEMU.AS
EGLN.L (iShares Physical Gold ETC) and CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, EGLN.L returned 10.77%/yr vs 10.03%/yr for CEMU.AS. At a correlation of -0.07, they often move in opposite directions. EGLN.L charges 0.25%/yr vs 0.12%/yr for CEMU.AS.
Performance
EGLN.L vs. CEMU.AS - 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 CEMU.AS's 8.68% return. Over the past 10 years, EGLN.L has outperformed CEMU.AS with an annualized return of 10.77%, while CEMU.AS has yielded a comparatively lower 10.03% 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%
CEMU.AS
- 1D
- 0.60%
- 1M
- 4.11%
- YTD
- 8.68%
- 6M
- 10.61%
- 1Y
- 18.65%
- 3Y*
- 16.12%
- 5Y*
- 10.62%
- 10Y*
- 10.03%
EGLN.L vs. CEMU.AS - 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% |
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.68% | 24.42% | 10.08% | 18.65% | -11.71% | 23.11% | -0.54% | 25.09% | -11.82% | 12.65% |
Correlation
The correlation between EGLN.L and CEMU.AS 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | -0.07 |
The correlation between EGLN.L and CEMU.AS shifts across timeframes, from -0.07 (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. CEMU.AS — Risk / Return Rank
EGLN.L
CEMU.AS
EGLN.L vs. CEMU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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 | CEMU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.74 | -0.64 |
| Martin ratioReturn relative to average drawdown | 3.36 | 6.36 | -3.01 |
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Drawdowns
EGLN.L vs. CEMU.AS - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than CEMU.AS's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for EGLN.L and CEMU.AS.
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Drawdown Indicators
| EGLN.L | CEMU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -38.38% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -10.17% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -15.40% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -24.51% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -38.38% | +12.17% |
Current DrawdownCurrent decline from peak | -19.73% | -0.56% | -19.17% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -6.24% | -16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.79% | +4.38% |
Volatility
EGLN.L vs. CEMU.AS - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) at 4.60%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than CEMU.AS 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 | CEMU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 4.60% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 11.95% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 14.49% | +9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 16.16% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 17.08% | -1.08% |
EGLN.L vs. CEMU.AS - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than CEMU.AS's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EGLN.L vs. CEMU.AS - Dividend Comparison
Neither EGLN.L nor CEMU.AS has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and CEMU.AS 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.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L is categorized as Gold, while CEMU.AS is Europe Equities. EGLN.L tracks LBMA Gold Price, while CEMU.AS tracks MSCI EMU NR EUR. Their fees differ too: 0.25% for EGLN.L and 0.12% for CEMU.AS.
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