EGLN.L vs. ZPRV.DE
EGLN.L (iShares Physical Gold ETC) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - EGLN.L is a Gold fund tracking the LBMA Gold Price, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, EGLN.L returned 10.77%/yr vs 12.19%/yr for ZPRV.DE. At a correlation of -0.06, they often move in opposite directions. EGLN.L charges 0.25%/yr vs 0.30%/yr for ZPRV.DE.
Performance
EGLN.L vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGLN.L achieves a -0.76% return, which is significantly lower than ZPRV.DE's 18.05% return. Over the past 10 years, EGLN.L has underperformed ZPRV.DE with an annualized return of 10.77%, while ZPRV.DE has yielded a comparatively higher 12.19% annualized return.
EGLN.L
- 1D
- 2.84%
- 1M
- -6.84%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 22.86%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
ZPRV.DE
- 1D
- 2.02%
- 1M
- 7.15%
- YTD
- 18.05%
- 6M
- 16.39%
- 1Y
- 38.06%
- 3Y*
- 15.98%
- 5Y*
- 11.01%
- 10Y*
- 12.19%
EGLN.L vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 18.05% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
Correlation
The correlation between EGLN.L and ZPRV.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | -0.06 |
The correlation between EGLN.L and ZPRV.DE shifts across timeframes, from -0.06 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EGLN.L vs. ZPRV.DE — Risk / Return Rank
EGLN.L
ZPRV.DE
EGLN.L vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE). 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 | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 6.40 | -5.30 |
| Martin ratioReturn relative to average drawdown | 3.36 | 20.02 | -16.67 |
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Drawdowns
EGLN.L vs. ZPRV.DE - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, roughly equal to the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for EGLN.L and ZPRV.DE.
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Drawdown Indicators
| EGLN.L | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -46.04% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -5.87% | -16.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -31.14% | +9.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -31.14% | +9.20% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -46.04% | +19.83% |
Current DrawdownCurrent decline from peak | -19.73% | 0.00% | -19.73% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -9.12% | -13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 1.88% | +5.29% |
Volatility
EGLN.L vs. ZPRV.DE - Volatility Comparison
iShares Physical Gold ETC (EGLN.L) has a higher volatility of 6.72% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.33%. This indicates that EGLN.L's price experiences larger fluctuations and is considered to be riskier than ZPRV.DE 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 | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 3.33% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 9.65% | +11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 15.82% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 20.38% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 22.87% | -6.87% |
EGLN.L vs. ZPRV.DE - Expense Ratio Comparison
EGLN.L has a 0.25% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
EGLN.L vs. ZPRV.DE - Dividend Comparison
Neither EGLN.L nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
EGLN.L and ZPRV.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRV.DE.
EGLN.L is categorized as Gold, while ZPRV.DE is Small Cap Value Equities. EGLN.L tracks LBMA Gold Price, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for EGLN.L and 0.30% for ZPRV.DE.
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