EGLN.L vs. XGLD.L
EGLN.L (iShares Physical Gold ETC) and XGLD.L (Xtrackers Physical Gold ETC) are both Gold funds - EGLN.L tracks the LBMA Gold Price while XGLD.L tracks the Gold. Both are passively managed. Over the past 10 years, EGLN.L returned 10.11%/yr vs 11.06%/yr for XGLD.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
EGLN.L vs. XGLD.L - Performance Comparison
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Different Trading Currencies
EGLN.L is traded in EUR, while XGLD.L is traded in USD. To make them comparable, the XGLD.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 -3.62% return, which is significantly higher than XGLD.L's -3.87% return. Over the past 10 years, EGLN.L has underperformed XGLD.L with an annualized return of 10.11%, while XGLD.L has yielded a comparatively higher 11.06% annualized return.
EGLN.L
- 1D
- -0.91%
- 1M
- -5.72%
- 6M
- -10.78%
- YTD
- -3.62%
- 1Y
- 23.04%
- 3Y*
- 26.45%
- 5Y*
- 18.04%
- 10Y*
- 10.11%
XGLD.L
- 1D
- -1.35%
- 1M
- -6.07%
- 6M
- -11.19%
- YTD
- -3.87%
- 1Y
- 22.48%
- 3Y*
- 26.14%
- 5Y*
- 17.82%
- 10Y*
- 11.06%
EGLN.L vs. XGLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -3.62% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
XGLD.L Xtrackers Physical Gold ETC | -3.87% | 45.07% | 34.18% | 9.97% | 5.94% | 2.98% | 13.88% | 21.02% | 3.27% | -2.05% |
Correlation
The correlation between EGLN.L and XGLD.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 (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.81 |
The correlation between EGLN.L and XGLD.L shifts across timeframes, from 0.81 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EGLN.L vs. XGLD.L — Risk / Return Rank
EGLN.L
XGLD.L
EGLN.L vs. XGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and Xtrackers Physical Gold ETC (XGLD.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 | XGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.99 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.44 | 2.35 | +0.09 |
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Drawdowns
EGLN.L vs. XGLD.L - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, which is greater than XGLD.L's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for EGLN.L and XGLD.L.
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Drawdown Indicators
| EGLN.L | XGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -36.99% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -22.42% | -22.61% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.42% | -22.61% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -22.61% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -26.05% | -22.61% | -3.44% |
Current DrawdownCurrent decline from peak | -22.05% | -22.46% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -22.52% | -12.89% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 9.55% | -0.12% |
Volatility
EGLN.L vs. XGLD.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 6.70%, while Xtrackers Physical Gold ETC (XGLD.L) has a volatility of 7.34%. This indicates that EGLN.L experiences smaller price fluctuations and is considered to be less risky than XGLD.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 | XGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 7.34% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.16% | 22.48% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 25.63% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 17.05% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 15.12% | +0.93% |
EGLN.L vs. XGLD.L - Expense Ratio Comparison
Both EGLN.L and XGLD.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EGLN.L vs. XGLD.L - Dividend Comparison
Neither EGLN.L nor XGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, EGLN.L and XGLD.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L and XGLD.L have the same expense ratio: 0.25% per year.
EGLN.L tracks LBMA Gold Price, while XGLD.L tracks Gold. They also come from different issuers: iShares and Xtrackers.
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