EGLN.L vs. GLDE.L
EGLN.L (iShares Physical Gold ETC) and GLDE.L (IncomeShares Gold + Yield ETP GBP) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while GLDE.L is a Derivative Income fund actively managed by Leverage Shares. EGLN.L is passively managed, while GLDE.L is actively managed. Over the past year, EGLN.L returned 30.19% vs 15.23% for GLDE.L. Their correlation of 0.83 suggests significant overlap in exposure. EGLN.L charges 0.25%/yr vs 0.35%/yr for GLDE.L.
Performance
EGLN.L vs. GLDE.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while GLDE.L is traded in GBp. To make them comparable, the GLDE.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 GLDE.L's -3.66% 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*
- —
GLDE.L
- 1D
- 0.25%
- 1M
- -1.96%
- YTD
- -3.66%
- 6M
- -2.52%
- 1Y
- 15.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L vs. GLDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 13.16% |
GLDE.L IncomeShares Gold + Yield ETP GBP | -3.66% | 35.36% | 8.79% |
Correlation
The correlation between EGLN.L and GLDE.L is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.83 |
The correlation between EGLN.L and GLDE.L has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. GLDE.L — Risk / Return Rank
EGLN.L
GLDE.L
EGLN.L vs. GLDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and IncomeShares Gold + Yield ETP GBP (GLDE.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 | GLDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.94 | +0.86 |
| Martin ratioReturn relative to average drawdown | 4.58 | 2.23 | +2.34 |
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 | GLDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.71 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.10 | -0.16 |
Drawdowns
EGLN.L vs. GLDE.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, which is greater than GLDE.L's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for EGLN.L and GLDE.L.
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Drawdown Indicators
| EGLN.L | GLDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -16.11% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -16.11% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | — | — |
Current DrawdownCurrent decline from peak | -15.21% | -15.91% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -3.54% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 6.80% | -0.23% |
Volatility
EGLN.L vs. GLDE.L - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 5.42% compared to IncomeShares Gold + Yield ETP GBP (GLDE.L) at 4.46%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than GLDE.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 | GLDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.46% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 17.61% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 21.39% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 18.67% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 18.67% | -4.29% |
EGLN.L vs. GLDE.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than GLDE.L's 0.35% expense ratio.
Dividends
EGLN.L vs. GLDE.L - Dividend Comparison
EGLN.L has not paid dividends to shareholders, while GLDE.L's dividend yield for the trailing twelve months is around 4.67%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% |
GLDE.L IncomeShares Gold + Yield ETP GBP | 4.67% | 4.82% | 0.38% |
Frequently Asked Questions
EGLN.L and GLDE.L have a correlation of 0.79, 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 0.35% for GLDE.L.
EGLN.L is categorized as Gold, while GLDE.L is Derivative Income. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.25% for EGLN.L and 0.35% for GLDE.L.
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