EGLN.L vs. IAUP.L
EGLN.L (iShares Physical Gold ETC) and IAUP.L (iShares Gold Producers UCITS ETF USD Acc) are both Gold funds from iShares - EGLN.L tracks the LBMA Gold Price while IAUP.L tracks the S&P Commodity Producers Gold Index. Both are passively managed. Over the past 5 years, EGLN.L returned 19.69%/yr vs 19.83%/yr for IAUP.L. A 0.68 correlation means they provide meaningful diversification when combined. EGLN.L charges 0.25%/yr vs 0.55%/yr for IAUP.L.
Performance
EGLN.L vs. IAUP.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while IAUP.L is traded in USD. To make them comparable, the IAUP.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 IAUP.L's 2.83% 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*
- —
IAUP.L
- 1D
- 0.75%
- 1M
- 0.39%
- YTD
- 2.83%
- 6M
- 7.76%
- 1Y
- 60.83%
- 3Y*
- 38.32%
- 5Y*
- 19.83%
- 10Y*
- 13.89%
EGLN.L vs. IAUP.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% | -1.73% |
IAUP.L iShares Gold Producers UCITS ETF USD Acc | 2.83% | 123.82% | 18.89% | 6.11% | -5.55% | -3.60% | 13.41% | 48.93% | -5.35% | -6.37% |
Correlation
The correlation between EGLN.L and IAUP.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2016 | 0.68 |
The correlation between EGLN.L and IAUP.L has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. IAUP.L — Risk / Return Rank
EGLN.L
IAUP.L
EGLN.L vs. IAUP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and iShares Gold Producers UCITS ETF USD Acc (IAUP.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 | IAUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.24 | -0.44 |
| Martin ratioReturn relative to average drawdown | 4.58 | 5.72 | -1.14 |
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 | IAUP.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 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.13 | +0.82 |
Drawdowns
EGLN.L vs. IAUP.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, smaller than the maximum IAUP.L drawdown of -75.78%. Use the drawdown chart below to compare losses from any high point for EGLN.L and IAUP.L.
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Drawdown Indicators
| EGLN.L | IAUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -75.78% | +57.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -27.06% | +10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -27.06% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -37.47% | +20.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.83% | — |
Current DrawdownCurrent decline from peak | -15.21% | -22.70% | +7.49% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -41.46% | +35.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 10.61% | -4.04% |
Volatility
EGLN.L vs. IAUP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 5.42%, while iShares Gold Producers UCITS ETF USD Acc (IAUP.L) has a volatility of 14.29%. This indicates that EGLN.L experiences smaller price fluctuations and is considered to be less risky than IAUP.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 | IAUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 14.29% | -8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 34.01% | -13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 41.94% | -18.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 33.28% | -17.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 32.97% | -18.59% |
EGLN.L vs. IAUP.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than IAUP.L's 0.55% expense ratio.
Dividends
EGLN.L vs. IAUP.L - Dividend Comparison
Neither EGLN.L nor IAUP.L has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and IAUP.L have a correlation of 0.76, 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 0.55% for IAUP.L.
EGLN.L tracks LBMA Gold Price, while IAUP.L tracks S&P Commodity Producers Gold Index. Their fees differ too: 0.25% for EGLN.L and 0.55% for IAUP.L.
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