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 10 years, EGLN.L returned 10.12%/yr vs 11.42%/yr for XAUUSD=X. A 0.63 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
The year-to-date returns for both stocks are quite close, with EGLN.L having a -3.74% return and XAUUSD=X slightly lower at -3.80%. Over the past 10 years, EGLN.L has underperformed XAUUSD=X with an annualized return of 10.12%, while XAUUSD=X has yielded a comparatively higher 11.42% 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%
XAUUSD=X
- 1D
- 0.54%
- 1M
- -8.66%
- YTD
- -3.80%
- 6M
- -7.50%
- 1Y
- 23.84%
- 3Y*
- 26.15%
- 5Y*
- 18.86%
- 10Y*
- 11.42%
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 | -3.74% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
XAUUSD=X Gold Spot Price US Dollar | -3.80% | 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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.63 |
The correlation between EGLN.L and XAUUSD=X shifts across timeframes, from 0.63 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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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.
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 | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.83 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.26 | +0.66 |
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Drawdowns
EGLN.L vs. XAUUSD=X - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than XAUUSD=X's maximum 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 | -47.44% | -37.10% | -10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -22.19% | -22.65% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -22.65% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -22.65% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -22.65% | -3.56% |
Current DrawdownCurrent decline from peak | -22.14% | -22.24% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -22.53% | -11.49% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.00% | 9.24% | -1.24% |
Volatility
EGLN.L vs. XAUUSD=X - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 7.96% compared to Gold Spot Price US Dollar (XAUUSD=X) at 7.58%. 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 | 7.96% | 7.58% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.28% | 20.00% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 22.14% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 15.64% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 14.04% | +1.96% |
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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