EGLN.L vs. EUMD.L
EGLN.L (iShares Physical Gold ETC) and EUMD.L (iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc)) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while EUMD.L is a Europe Equities fund tracking the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 5 years, EGLN.L returned 19.69%/yr vs 7.59%/yr for EUMD.L. At a 0.01 correlation, their price movements are largely independent. EGLN.L charges 0.25%/yr vs 0.15%/yr for EUMD.L.
Performance
EGLN.L vs. EUMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, EGLN.L achieves a 4.83% return, which is significantly lower than EUMD.L's 8.46% return.
EGLN.L
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- 4.83%
- 6M
- 6.32%
- 1Y
- 30.19%
- 3Y*
- 28.02%
- 5Y*
- 19.69%
- 10Y*
- —
EUMD.L
- 1D
- 0.88%
- 1M
- 1.78%
- YTD
- 8.46%
- 6M
- 10.56%
- 1Y
- 16.06%
- 3Y*
- 15.37%
- 5Y*
- 7.59%
- 10Y*
- —
EGLN.L vs. EUMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.62% | 3.36% | -3.67% |
EUMD.L iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) | 8.46% | 22.51% | 9.04% | 14.18% | -18.40% | 21.41% | 3.99% | 30.14% | -13.14% | 2.76% |
Correlation
The correlation between EGLN.L and EUMD.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 23, 2017 | 0.01 |
Over the past year, EGLN.L and EUMD.L have become more correlated (0.25) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
EGLN.L vs. EUMD.L — Risk / Return Rank
EGLN.L
EUMD.L
EGLN.L vs. EUMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.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.
| EGLN.L | EUMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.89 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.58 | 7.18 | -2.60 |
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
| EGLN.L | EUMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.34 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.50 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.48 | +0.46 |
Drawdowns
EGLN.L vs. EUMD.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, smaller than the maximum EUMD.L drawdown of -37.48%. Use the drawdown chart below to compare losses from any high point for EGLN.L and EUMD.L.
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Drawdown Indicators
| EGLN.L | EUMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -37.48% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -8.46% | -8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -13.86% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -29.29% | +12.59% |
Current DrawdownCurrent decline from peak | -15.21% | -1.02% | -14.19% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -6.79% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 2.23% | +4.34% |
Volatility
EGLN.L vs. EUMD.L - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 5.42% compared to iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.L) at 4.00%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than EUMD.L 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 | EUMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.00% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 9.53% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 11.96% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 15.23% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 16.24% | -1.86% |
EGLN.L vs. EUMD.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than EUMD.L's 0.15% 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. EUMD.L - Dividend Comparison
Neither EGLN.L nor EUMD.L has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and EUMD.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUMD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUMD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L is categorized as Gold, while EUMD.L is Europe Equities. EGLN.L tracks LBMA Gold Price, while EUMD.L tracks MSCI Europe SMID NR EUR. Their fees differ too: 0.25% for EGLN.L and 0.15% for EUMD.L.
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