ESGP.DE vs. GLDA.DE

Last updated Aug 6, 2026

ESGP.DE (Gold Miners Screened UCITS ETF) and GLDA.DE (Amundi Physical Gold ETC (C)) are both Gold funds - ESGP.DE tracks the VettaFi Gold Miners Screened Index while GLDA.DE tracks the Gold. Both are passively managed. Over the past 3 years, ESGP.DE returned 12.10%/yr vs 26.12%/yr for GLDA.DE. Their 0.20 correlation means their historical movements had little consistent relationship. ESGP.DE charges 0.60%/yr vs 0.12%/yr for GLDA.DE.

Performance

ESGP.DE vs. GLDA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Gold Miners Screened UCITS ETF (ESGP.DE) and Amundi Physical Gold ETC (C) (GLDA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGP.DE achieves a 14.56% return, which is significantly higher than GLDA.DE's -5.47% return.

ESGP.DE

• 1D: 0.00%
• 1M: 5.89%
• 6M: 8.08%
• YTD: 14.56%
• 1Y: 16.79%
• 3Y*: 12.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.11%

GLDA.DE

• 1D: 0.00%
• 1M: -2.58%
• 6M: -15.18%
• YTD: -5.47%
• 1Y: 21.05%
• 3Y*: 26.12%
• 5Y*: 18.65%
• 10Y*: —
• ALL TIME*: 15.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGP.DE Gold Miners Screened UCITS ETF	€39.71K	€29.56K	€19.03K
GLDA.DE Amundi Physical Gold ETC (C)	€2.06M	€2.09M	€2.29M

ESGP.DE vs. GLDA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESGP.DE Gold Miners Screened UCITS ETF	14.56%	5.79%	12.94%	2.10%	-2.36%	2.90%
GLDA.DE Amundi Physical Gold ETC (C)	-5.47%	48.99%	34.24%	9.40%	7.00%	4.23%

Correlation

The correlation between ESGP.DE and GLDA.DE is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.20

Over the past year, ESGP.DE and GLDA.DE have become more correlated (0.41) than their long-term average of 0.20, meaning their price movements have been converging.

Return for Risk

ESGP.DE vs. GLDA.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESGP.DE

ESGP.DE Risk / Return Rank: 56
ESGP.DE Sharpe Ratio Rank: 52
ESGP.DE Sortino Ratio Rank: 56
ESGP.DE Omega Ratio Rank: 49
ESGP.DE Calmar Ratio Rank: 67
ESGP.DE Martin Ratio Rank: 57

GLDA.DE

GLDA.DE Risk / Return Rank: 28
GLDA.DE Sharpe Ratio Rank: 31
GLDA.DE Sortino Ratio Rank: 29
GLDA.DE Omega Ratio Rank: 32
GLDA.DE Calmar Ratio Rank: 26
GLDA.DE Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESGP.DE vs. GLDA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Miners Screened UCITS ETF (ESGP.DE) and Amundi Physical Gold ETC (C) (GLDA.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.

	ESGP.DE	GLDA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.85	+0.62
Sortino ratio: Return per unit of downside risk	2.21	1.24	+0.96
Omega ratio: Gain probability vs. loss probability	1.26	1.17	+0.09
Calmar ratio: Return relative to maximum drawdown	2.67	0.94	+1.73
Martin ratio: Return relative to average drawdown	7.58	1.96	+5.61

ESGP.DE vs. GLDA.DE - Sharpe Ratio Comparison

The current ESGP.DE Sharpe Ratio is 1.47, which is higher than the GLDA.DE Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of ESGP.DE and GLDA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESGP.DE vs. GLDA.DE - Drawdown Comparison

The maximum ESGP.DE drawdown since its inception was -20.50%, smaller than the maximum GLDA.DE drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for ESGP.DE and GLDA.DE.

Drawdown Indicators

	ESGP.DE	GLDA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.50%	-22.55%	+2.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-22.55%	+16.24%
Max Drawdown (3Y) Largest decline over 3 years	-20.50%	-22.55%	+2.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.55%	—
Current Drawdown Current decline from peak	0.00%	-21.79%	+21.79%
Average Drawdown Average peak-to-trough decline	-5.17%	-6.14%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	10.74%	-8.52%

Volatility

ESGP.DE vs. GLDA.DE - Volatility Comparison

The current volatility for Gold Miners Screened UCITS ETF (ESGP.DE) is 3.01%, while Amundi Physical Gold ETC (C) (GLDA.DE) has a volatility of 5.98%. This indicates that ESGP.DE experiences smaller price fluctuations and is considered to be less risky than GLDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGP.DE	GLDA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	5.98%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	18.06%	-8.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	24.75%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	16.54%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	16.13%	-1.72%

ESGP.DE vs. GLDA.DE - Expense Ratio Comparison

ESGP.DE has a 0.60% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio.

Dividends

ESGP.DE vs. GLDA.DE - Dividend Comparison

Neither ESGP.DE nor GLDA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGP.DE and GLDA.DE in my portfolio?

ESGP.DE and GLDA.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGP.DE or GLDA.DE?

On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGP.DE or GLDA.DE?

GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.60% for ESGP.DE.

What is the main difference between ESGP.DE and GLDA.DE?

ESGP.DE tracks VettaFi Gold Miners Screened Index, while GLDA.DE tracks Gold. They also come from different issuers: HANetf and Amundi. Their fees differ too: 0.60% for ESGP.DE and 0.12% for GLDA.DE.