EGO vs. AAAU
EGO (Eldorado Gold Corporation) is a stock, while AAAU (Goldman Sachs Physical Gold ETF) is Gold fund tracking the LBMA Gold PM Price. Over the past 5 years, EGO returned 26.57%/yr vs 17.20%/yr for AAAU. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
EGO vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, EGO achieves a -15.62% return, which is significantly lower than AAAU's -6.16% return.
EGO
- 1D
- -7.79%
- 1M
- -10.36%
- 6M
- -29.39%
- YTD
- -15.62%
- 1Y
- 44.32%
- 3Y*
- 46.34%
- 5Y*
- 26.57%
- 10Y*
- 3.98%
- ALL TIME*
- 6.02%
AAAU
- 1D
- -1.46%
- 1M
- -1.72%
- 6M
- -16.57%
- YTD
- -6.16%
- 1Y
- 20.45%
- 3Y*
- 27.49%
- 5Y*
- 17.20%
- 10Y*
- —
- ALL TIME*
- 16.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.23M | $43.92M | $64.42M | |
| $82.14M | $70.34M | $88.20M |
EGO vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EGO Eldorado Gold Corporation | -15.62% | 141.56% | 14.65% | 55.14% | -10.59% | -29.54% | 65.26% | 178.82% | -41.82% |
AAAU Goldman Sachs Physical Gold ETF | -6.16% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | 25.02% | 18.17% | 8.28% |
Correlation
The correlation between EGO and AAAU is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018 | 0.65 |
The correlation between EGO and AAAU has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
EGO vs. AAAU — Risk / Return Rank
EGO
AAAU
EGO vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| EGO | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.87 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.11 | 1.89 | +0.21 |
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Drawdowns
EGO vs. AAAU - Drawdown Comparison
The maximum EGO drawdown since its inception was -97.49%, which is greater than AAAU's maximum drawdown of -26.29%. Use the drawdown chart below to compare losses from any high point for EGO and AAAU.
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Drawdown Indicators
| EGO | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.49% | -26.29% | -71.20% |
Max Drawdown (1Y)Largest decline over 1 year | -44.00% | -26.29% | -17.71% |
Max Drawdown (3Y)Largest decline over 3 years | -44.00% | -26.29% | -17.71% |
Max Drawdown (5Y)Largest decline over 5 years | -57.70% | -26.29% | -31.41% |
Max Drawdown (10Y)Largest decline over 10 years | -87.61% | — | — |
Current DrawdownCurrent decline from peak | -71.13% | -24.96% | -46.17% |
Average DrawdownAverage peak-to-trough decline | -55.77% | -6.53% | -49.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 12.13% | +10.64% |
Volatility
EGO vs. AAAU - Volatility Comparison
Eldorado Gold Corporation (EGO) has a higher volatility of 19.29% compared to Goldman Sachs Physical Gold ETF (AAAU) at 6.30%. This indicates that EGO's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGO | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 6.30% | +12.99% |
Volatility (6M)Calculated over the trailing 6-month period | 46.73% | 23.27% | +23.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.17% | 27.85% | +28.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.75% | 18.32% | +28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.48% | 17.24% | +38.24% |
Dividends
EGO vs. AAAU - Dividend Comparison
EGO's dividend yield for the trailing twelve months is around 0.50%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EGO Eldorado Gold Corporation | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.40% | 0.00% | 0.67% |
Frequently Asked Questions
EGO and AAAU have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGO has higher volatility (19.29%) compared to AAAU (6.30%). In terms of maximum drawdown, EGO dropped -97.49% vs AAAU's -26.29%.
EGO currently has the higher Sharpe Ratio (0.86 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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