EMUX.DE vs. GLD
Compare and contrast key facts about BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) and SPDR Gold Shares (GLD).
EMUX.DE and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMUX.DE is a passively managed fund by BNP Paribas that tracks the performance of the MSCI EMU ESG Filtered Min TE. It was launched on Feb 12, 2016. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both EMUX.DE and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMUX.DE vs. GLD - Performance Comparison
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EMUX.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMUX.DE BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF | -0.16% | 24.11% | 9.25% | 18.05% | -12.61% | 22.90% | -0.87% | 27.26% | -13.48% | 13.46% |
GLD SPDR Gold Shares | 12.17% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Different Trading Currencies
EMUX.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMUX.DE achieves a -0.16% return, which is significantly lower than GLD's 10.30% return.
EMUX.DE
- 1D
- 2.89%
- 1M
- -3.96%
- YTD
- -0.16%
- 6M
- 4.06%
- 1Y
- 13.95%
- 3Y*
- 12.77%
- 5Y*
- 9.51%
- 10Y*
- —
GLD
- 1D
- 0.00%
- 1M
- -11.22%
- YTD
- 10.30%
- 6M
- 22.63%
- 1Y
- 39.68%
- 3Y*
- 30.10%
- 5Y*
- 22.03%
- 10Y*
- 13.75%
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EMUX.DE vs. GLD - Expense Ratio Comparison
EMUX.DE has a 0.15% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
EMUX.DE vs. GLD — Risk / Return Rank
EMUX.DE
GLD
EMUX.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) and SPDR Gold Shares (GLD). 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.
| EMUX.DE | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.55 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.99 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.32 | -0.92 |
Martin ratioReturn relative to average drawdown | 5.02 | 8.00 | -2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMUX.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.55 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.34 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.67 | -0.10 |
Correlation
The correlation between EMUX.DE and GLD is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EMUX.DE vs. GLD - Dividend Comparison
Neither EMUX.DE nor GLD has paid dividends to shareholders.
Drawdowns
EMUX.DE vs. GLD - Drawdown Comparison
The maximum EMUX.DE drawdown since its inception was -38.44%, roughly equal to the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for EMUX.DE and GLD.
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Drawdown Indicators
| EMUX.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -45.56% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -19.21% | +7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -21.03% | -4.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -6.28% | -11.71% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -16.17% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 5.25% | -2.41% |
Volatility
EMUX.DE vs. GLD - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF (EMUX.DE) is 6.37%, while SPDR Gold Shares (GLD) has a volatility of 10.37%. This indicates that EMUX.DE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUX.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 10.37% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 23.27% | -13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 25.71% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 16.48% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 14.82% | +1.72% |