EGLN.L vs. SPYQ.DE
EGLN.L (iShares Physical Gold ETC) and SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped. Both are passively managed. Over the past 10 years, EGLN.L returned 10.77%/yr vs 13.12%/yr for SPYQ.DE. At a 0.00 correlation, their price movements are largely independent. EGLN.L charges 0.25%/yr vs 0.18%/yr for SPYQ.DE.
Performance
EGLN.L vs. SPYQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EGLN.L achieves a -0.76% return, which is significantly lower than SPYQ.DE's 7.91% return. Over the past 10 years, EGLN.L has underperformed SPYQ.DE with an annualized return of 10.77%, while SPYQ.DE has yielded a comparatively higher 13.12% annualized return.
EGLN.L
- 1D
- 2.84%
- 1M
- -9.29%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 22.86%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
SPYQ.DE
- 1D
- 1.99%
- 1M
- 0.10%
- YTD
- 7.91%
- 6M
- 9.26%
- 1Y
- 16.59%
- 3Y*
- 18.36%
- 5Y*
- 12.57%
- 10Y*
- 13.12%
EGLN.L vs. SPYQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 7.91% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
Correlation
The correlation between EGLN.L and SPYQ.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.00 |
Over the past year, EGLN.L and SPYQ.DE have become more correlated (0.27) than their long-term average of 0.00, meaning their price movements have been converging.
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. SPYQ.DE — Risk / Return Rank
EGLN.L
SPYQ.DE
EGLN.L vs. SPYQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and SPDR MSCI Europe Industrials UCITS ETF (SPYQ.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 | SPYQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.20 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.36 | 4.36 | -1.00 |
Loading charts...
Drawdowns
EGLN.L vs. SPYQ.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than SPYQ.DE's maximum drawdown of -41.44%. Use the drawdown chart below to compare losses from any high point for EGLN.L and SPYQ.DE.
Loading charts...
Drawdown Indicators
| EGLN.L | SPYQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -41.44% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -13.15% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -18.37% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -29.20% | +7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -41.44% | +15.23% |
Current DrawdownCurrent decline from peak | -19.73% | -3.52% | -16.21% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -6.49% | -16.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 3.63% | +3.54% |
Volatility
EGLN.L vs. SPYQ.DE - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) at 6.20%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than SPYQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EGLN.L | SPYQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 6.20% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 16.72% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 19.93% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 18.92% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 19.61% | -3.61% |
EGLN.L vs. SPYQ.DE - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than SPYQ.DE's 0.18% 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. SPYQ.DE - Dividend Comparison
Neither EGLN.L nor SPYQ.DE has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and SPYQ.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L is categorized as Gold, while SPYQ.DE is Industrials Equities. EGLN.L tracks LBMA Gold Price, while SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for EGLN.L and 0.18% for SPYQ.DE.
Find the right allocation for EGLN.L and SPYQ.DE
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