EGLN.L vs. SPYL.DE
EGLN.L (iShares Physical Gold ETC) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, EGLN.L returned 22.86% vs 26.53% for SPYL.DE. At a 0.11 correlation, their price movements are largely independent. EGLN.L charges 0.25%/yr vs 0.03%/yr for SPYL.DE.
Performance
EGLN.L vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGLN.L achieves a -0.76% return, which is significantly lower than SPYL.DE's 11.37% return.
EGLN.L
- 1D
- 2.84%
- 1M
- -6.84%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 22.86%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | -0.98% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between EGLN.L and SPYL.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.11 |
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Return for Risk
EGLN.L vs. SPYL.DE — Risk / Return Rank
EGLN.L
SPYL.DE
EGLN.L vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.58 | -2.47 |
| Martin ratioReturn relative to average drawdown | 3.36 | 12.72 | -9.36 |
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Drawdowns
EGLN.L vs. SPYL.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for EGLN.L and SPYL.DE.
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Drawdown Indicators
| EGLN.L | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -23.27% | -24.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -7.13% | -14.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | — | — |
Current DrawdownCurrent decline from peak | -19.73% | -0.46% | -19.27% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -3.23% | -19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.01% | +5.16% |
Volatility
EGLN.L vs. SPYL.DE - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 2.66% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 7.57% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 11.52% | +12.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 14.60% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 14.60% | +1.40% |
EGLN.L vs. SPYL.DE - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EGLN.L vs. SPYL.DE - Dividend Comparison
Neither EGLN.L nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and SPYL.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L is categorized as Gold, while SPYL.DE is S&P 500. EGLN.L tracks LBMA Gold Price, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for EGLN.L and 0.03% for SPYL.DE.
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