EGLN.L vs. GDGB.L
EGLN.L (iShares Physical Gold ETC) and GDGB.L (VanEck Gold Miners UCITS ETF) are both Gold funds - EGLN.L tracks the LBMA Gold Price while GDGB.L tracks the MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, EGLN.L returned 19.69%/yr vs 20.04%/yr for GDGB.L. A 0.70 correlation means they provide meaningful diversification when combined. EGLN.L charges 0.25%/yr vs 0.53%/yr for GDGB.L.
Performance
EGLN.L vs. GDGB.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while GDGB.L is traded in GBP. To make them comparable, the GDGB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EGLN.L achieves a 4.83% return, which is significantly higher than GDGB.L's 1.82% 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*
- —
GDGB.L
- 1D
- 0.59%
- 1M
- 0.78%
- YTD
- 1.82%
- 6M
- 7.52%
- 1Y
- 60.66%
- 3Y*
- 37.47%
- 5Y*
- 20.04%
- 10Y*
- —
EGLN.L vs. GDGB.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% | -4.57% |
GDGB.L VanEck Gold Miners UCITS ETF | 1.82% | 125.83% | 16.60% | 5.89% | -2.27% | -4.64% | 13.07% | 47.69% | -6.21% | -5.03% |
Correlation
The correlation between EGLN.L and GDGB.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.70 |
The correlation between EGLN.L and GDGB.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. GDGB.L — Risk / Return Rank
EGLN.L
GDGB.L
EGLN.L vs. GDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and VanEck Gold Miners UCITS ETF (GDGB.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 | GDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.14 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.45 | -0.87 |
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 | GDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.44 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.60 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.51 | +0.44 |
Drawdowns
EGLN.L vs. GDGB.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, smaller than the maximum GDGB.L drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for EGLN.L and GDGB.L.
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Drawdown Indicators
| EGLN.L | GDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -39.08% | +20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -28.18% | +11.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -28.18% | +11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -39.08% | +22.38% |
Current DrawdownCurrent decline from peak | -15.21% | -23.70% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -14.97% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 11.10% | -4.53% |
Volatility
EGLN.L vs. GDGB.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 5.42%, while VanEck Gold Miners UCITS ETF (GDGB.L) has a volatility of 14.31%. This indicates that EGLN.L experiences smaller price fluctuations and is considered to be less risky than GDGB.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 | GDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 14.31% | -8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 33.71% | -13.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 41.92% | -18.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 33.14% | -16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 32.28% | -17.90% |
EGLN.L vs. GDGB.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than GDGB.L's 0.53% expense ratio.
Dividends
EGLN.L vs. GDGB.L - Dividend Comparison
Neither EGLN.L nor GDGB.L has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and GDGB.L have a correlation of 0.77, 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 0.53% for GDGB.L.
EGLN.L tracks LBMA Gold Price, while GDGB.L tracks MarketVector Global Gold Miners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for EGLN.L and 0.53% for GDGB.L.
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