EGLN.L vs. IGLD.DE
EGLN.L (iShares Physical Gold ETC) and IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while IGLD.DE is a Precious Metals fund tracking the Gold (EUR Hedged). Both are passively managed. Over the past 3 years, EGLN.L returned 28.02%/yr vs 28.49%/yr for IGLD.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
EGLN.L vs. IGLD.DE - 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 higher than IGLD.DE's 0.35% 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*
- —
IGLD.DE
- 1D
- 0.70%
- 1M
- -2.47%
- YTD
- 0.35%
- 6M
- 4.61%
- 1Y
- 28.86%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
EGLN.L vs. IGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | -0.58% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.35% | 63.04% | 24.54% | 10.49% | 2.47% |
Correlation
The correlation between EGLN.L and IGLD.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.83 |
The correlation between EGLN.L and IGLD.DE has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. IGLD.DE — Risk / Return Rank
EGLN.L
IGLD.DE
EGLN.L vs. IGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and iShares Physical Gold (EUR Hedged) ETC (IGLD.DE). 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 | IGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.63 | +0.17 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.10 | +0.48 |
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 | IGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.16 | +0.14 |
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 | 1.32 | -0.38 |
Drawdowns
EGLN.L vs. IGLD.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, roughly equal to the maximum IGLD.DE drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for EGLN.L and IGLD.DE.
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Drawdown Indicators
| EGLN.L | IGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -17.62% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -17.62% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -17.62% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | — | — |
Current DrawdownCurrent decline from peak | -15.21% | -16.24% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -3.72% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 7.03% | -0.46% |
Volatility
EGLN.L vs. IGLD.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 5.42%, while iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a volatility of 5.98%. This indicates that EGLN.L experiences smaller price fluctuations and is considered to be less risky than IGLD.DE 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 | IGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.98% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 21.79% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 24.80% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 17.86% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 17.86% | -3.48% |
EGLN.L vs. IGLD.DE - Expense Ratio Comparison
Both EGLN.L and IGLD.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EGLN.L vs. IGLD.DE - Dividend Comparison
Neither EGLN.L nor IGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, EGLN.L and IGLD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L and IGLD.DE have the same expense ratio: 0.25% per year.
EGLN.L is categorized as Gold, while IGLD.DE is Precious Metals. EGLN.L tracks LBMA Gold Price, while IGLD.DE tracks Gold (EUR Hedged).
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