EGLN.L vs. XAUUSD=X
EGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while XAUUSD=X (Gold Spot Price US Dollar) is a currency. Over the past 5 years, EGLN.L returned 19.69%/yr vs 19.30%/yr for XAUUSD=X. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
EGLN.L vs. XAUUSD=X - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while XAUUSD=X is traded in USD. To make them comparable, the XAUUSD=X 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 4.83% return, which is significantly higher than XAUUSD=X's 2.09% return.
EGLN.L
- 1D
- 0.55%
- 1M
- -3.66%
- YTD
- 4.83%
- 6M
- 6.17%
- 1Y
- 31.10%
- 3Y*
- 28.02%
- 5Y*
- 19.69%
- 10Y*
- —
XAUUSD=X
- 1D
- -2.52%
- 1M
- -5.92%
- YTD
- 2.09%
- 6M
- 4.16%
- 1Y
- 28.22%
- 3Y*
- 26.95%
- 5Y*
- 19.30%
- 10Y*
- 13.12%
EGLN.L vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.62% | 3.36% | -1.73% |
XAUUSD=X Gold Spot Price US Dollar | 2.09% | 45.20% | 35.64% | 9.74% | 5.94% | 3.72% | 14.29% | 21.46% | 2.90% | -0.76% |
Correlation
The correlation between EGLN.L and XAUUSD=X is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2016 | 0.76 |
The correlation between EGLN.L and XAUUSD=X has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. XAUUSD=X — Risk / Return Rank
EGLN.L
XAUUSD=X
EGLN.L vs. XAUUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and Gold Spot Price US Dollar (XAUUSD=X). 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 | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.27 | +0.53 |
| Martin ratioReturn relative to average drawdown | 4.58 | 3.13 | +1.45 |
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 | XAUUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.04 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 1.12 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.67 | +0.28 |
Drawdowns
EGLN.L vs. XAUUSD=X - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -18.35%, smaller than the maximum XAUUSD=X drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for EGLN.L and XAUUSD=X.
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Drawdown Indicators
| EGLN.L | XAUUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -37.10% | +18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -17.48% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -17.48% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.70% | -17.48% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -15.21% | -17.48% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -11.43% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 7.69% | -1.12% |
Volatility
EGLN.L vs. XAUUSD=X - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 5.42% compared to Gold Spot Price US Dollar (XAUUSD=X) at 4.55%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than XAUUSD=X 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 | XAUUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.55% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 20.03% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 21.43% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 15.40% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 14.12% | +0.26% |
Frequently Asked Questions
EGLN.L and XAUUSD=X have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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