EGLN.L vs. VEUA.L
EGLN.L (iShares Physical Gold ETC) and VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EGLN.L returned 18.47%/yr vs 9.97%/yr for VEUA.L. At a 0.04 correlation, their price movements are largely independent. EGLN.L charges 0.25%/yr vs 0.10%/yr for VEUA.L.
Performance
EGLN.L vs. VEUA.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while VEUA.L is traded in GBP. To make them comparable, the VEUA.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 -0.76% return, which is significantly lower than VEUA.L's 8.93% return.
EGLN.L
- 1D
- 2.84%
- 1M
- -9.14%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 24.31%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
VEUA.L
- 1D
- 1.57%
- 1M
- 4.00%
- YTD
- 8.93%
- 6M
- 11.41%
- 1Y
- 18.05%
- 3Y*
- 14.21%
- 5Y*
- 9.97%
- 10Y*
- —
EGLN.L vs. VEUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 6.46% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.93% | 19.49% | 9.53% | 15.87% | -9.15% | 24.43% | -2.52% | -3.78% |
Correlation
The correlation between EGLN.L and VEUA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.04 |
Over the past year, EGLN.L and VEUA.L have become more correlated (0.26) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
EGLN.L vs. VEUA.L — Risk / Return Rank
EGLN.L
VEUA.L
EGLN.L vs. VEUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.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 | VEUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.88 | -0.77 |
| Martin ratioReturn relative to average drawdown | 3.36 | 7.10 | -3.74 |
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Drawdowns
EGLN.L vs. VEUA.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than VEUA.L's maximum drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for EGLN.L and VEUA.L.
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Drawdown Indicators
| EGLN.L | VEUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -36.54% | -10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -9.58% | -12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -15.35% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -20.11% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | — | — |
Current DrawdownCurrent decline from peak | -19.73% | 0.00% | -19.73% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -5.96% | -16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 2.54% | +4.63% |
Volatility
EGLN.L vs. VEUA.L - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) at 3.56%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than VEUA.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 | VEUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 3.56% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 10.41% | +10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 12.64% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 16.23% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 18.40% | -2.40% |
EGLN.L vs. VEUA.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than VEUA.L's 0.10% 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. VEUA.L - Dividend Comparison
Neither EGLN.L nor VEUA.L has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and VEUA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L is categorized as Gold, while VEUA.L is Europe Equities. EGLN.L tracks LBMA Gold Price, while VEUA.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for EGLN.L and 0.10% for VEUA.L.
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