EGLN.L vs. PHGP.L
EGLN.L (iShares Physical Gold ETC) and PHGP.L (WisdomTree Physical Gold) are both Gold funds - EGLN.L tracks the LBMA Gold Price while PHGP.L tracks the Gold. Both are passively managed. Over the past 10 years, EGLN.L returned 10.12%/yr vs 10.96%/yr for PHGP.L. Their correlation of 0.81 suggests significant overlap in exposure. EGLN.L charges 0.25%/yr vs 0.39%/yr for PHGP.L.
Performance
EGLN.L vs. PHGP.L - Performance Comparison
Loading charts...
Different Trading Currencies
EGLN.L is traded in EUR, while PHGP.L is traded in GBp. To make them comparable, the PHGP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EGLN.L having a -3.74% return and PHGP.L slightly lower at -3.76%. Over the past 10 years, EGLN.L has underperformed PHGP.L with an annualized return of 10.12%, while PHGP.L has yielded a comparatively higher 10.96% annualized return.
EGLN.L
- 1D
- 0.07%
- 1M
- -8.89%
- YTD
- -3.74%
- 6M
- -7.35%
- 1Y
- 23.45%
- 3Y*
- 25.86%
- 5Y*
- 18.69%
- 10Y*
- 10.12%
PHGP.L
- 1D
- 0.17%
- 1M
- -8.76%
- YTD
- -3.76%
- 6M
- -7.43%
- 1Y
- 23.14%
- 3Y*
- 25.54%
- 5Y*
- 18.43%
- 10Y*
- 10.96%
EGLN.L vs. PHGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -3.74% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
PHGP.L WisdomTree Physical Gold | -3.76% | 45.16% | 34.02% | 9.24% | 5.77% | 3.20% | 13.24% | 21.75% | 2.90% | -2.45% |
Correlation
The correlation between EGLN.L and PHGP.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.81 |
The correlation between EGLN.L and PHGP.L shifts across timeframes, from 0.81 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EGLN.L vs. PHGP.L — Risk / Return Rank
EGLN.L
PHGP.L
EGLN.L vs. PHGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and WisdomTree Physical Gold (PHGP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EGLN.L | PHGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.85 | +0.07 |
Loading charts...
Drawdowns
EGLN.L vs. PHGP.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, smaller than the maximum PHGP.L drawdown of -52.69%. Use the drawdown chart below to compare losses from any high point for EGLN.L and PHGP.L.
Loading charts...
Drawdown Indicators
| EGLN.L | PHGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -52.69% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -22.19% | -22.40% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -22.40% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -22.40% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -22.40% | -3.81% |
Current DrawdownCurrent decline from peak | -22.14% | -22.27% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -22.53% | -16.92% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.00% | 8.10% | -0.10% |
Volatility
EGLN.L vs. PHGP.L - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) and WisdomTree Physical Gold (PHGP.L) have volatilities of 7.96% and 8.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EGLN.L | PHGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 8.12% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.28% | 21.27% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 24.03% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 21.99% | -4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 17.98% | -1.98% |
EGLN.L vs. PHGP.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than PHGP.L's 0.39% expense ratio.
Dividends
EGLN.L vs. PHGP.L - Dividend Comparison
Neither EGLN.L nor PHGP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EGLN.L and PHGP.L 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.
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 0.39% for PHGP.L.
EGLN.L tracks LBMA Gold Price, while PHGP.L tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for EGLN.L and 0.39% for PHGP.L.
Find the right allocation for EGLN.L and PHGP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer