EGLN.L vs. XGDU.L
EGLN.L (iShares Physical Gold ETC) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both Gold funds - EGLN.L tracks the LBMA Gold Price while XGDU.L tracks the Gold. Both are passively managed. Over the past 5 years, EGLN.L returned 18.69%/yr vs 18.73%/yr for XGDU.L. Their correlation of 0.94 suggests significant overlap in exposure. EGLN.L charges 0.25%/yr vs 0.12%/yr for XGDU.L.
Performance
EGLN.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while XGDU.L is traded in USD. To make them comparable, the XGDU.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 -3.74% return, which is significantly lower than XGDU.L's -3.44% 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%
XGDU.L
- 1D
- 0.40%
- 1M
- -8.57%
- YTD
- -3.44%
- 6M
- -7.18%
- 1Y
- 24.12%
- 3Y*
- 25.94%
- 5Y*
- 18.73%
- 10Y*
- —
EGLN.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -3.74% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | -0.23% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | -3.44% | 45.18% | 34.52% | 10.05% | 6.10% | 3.10% | -1.95% |
Correlation
The correlation between EGLN.L and XGDU.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.94 |
The correlation between EGLN.L and XGDU.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
EGLN.L vs. XGDU.L — Risk / Return Rank
EGLN.L
XGDU.L
EGLN.L vs. XGDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.07 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.99 | -0.07 |
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Drawdowns
EGLN.L vs. XGDU.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than XGDU.L's maximum drawdown of -22.41%. Use the drawdown chart below to compare losses from any high point for EGLN.L and XGDU.L.
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Drawdown Indicators
| EGLN.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -22.41% | -25.03% |
Max Drawdown (1Y)Largest decline over 1 year | -22.19% | -22.41% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -22.41% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -22.41% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | — | — |
Current DrawdownCurrent decline from peak | -22.14% | -22.03% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -22.53% | -6.29% | -16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.00% | 8.04% | -0.04% |
Volatility
EGLN.L vs. XGDU.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 7.96%, while Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a volatility of 8.89%. This indicates that EGLN.L experiences smaller price fluctuations and is considered to be less risky than XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 8.89% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 21.28% | 22.55% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 25.22% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 16.97% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 16.70% | -0.70% |
EGLN.L vs. XGDU.L - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is higher than XGDU.L's 0.12% 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. XGDU.L - Dividend Comparison
Neither EGLN.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, EGLN.L and XGDU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.25% for EGLN.L.
EGLN.L tracks LBMA Gold Price, while XGDU.L tracks Gold. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for EGLN.L and 0.12% for XGDU.L.
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