ESGP.L vs. GLDI.L
ESGP.L (HANetf AuAg ESG Gold Mining UCITS ETF) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - ESGP.L is a Gold fund tracking the EMIX Global Mining Global Gold TR USD, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. ESGP.L is passively managed, while GLDI.L is actively managed. Over the past year, ESGP.L returned 47.38% vs 14.77% for GLDI.L. A 0.61 correlation means they provide meaningful diversification when combined. ESGP.L charges 0.60%/yr vs 0.35%/yr for GLDI.L.
Performance
ESGP.L vs. GLDI.L - Performance Comparison
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Different Trading Currencies
ESGP.L is traded in GBp, while GLDI.L is traded in USD. To make them comparable, the GLDI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGP.L achieves a -8.52% return, which is significantly higher than GLDI.L's -9.79% return.
ESGP.L
- 1D
- 1.31%
- 1M
- -11.60%
- YTD
- -8.52%
- 6M
- -12.74%
- 1Y
- 47.38%
- 3Y*
- 32.96%
- 5Y*
- —
- 10Y*
- —
GLDI.L
- 1D
- 0.00%
- 1M
- -6.97%
- YTD
- -9.79%
- 6M
- -12.75%
- 1Y
- 14.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGP.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGP.L HANetf AuAg ESG Gold Mining UCITS ETF | -8.52% | 136.71% | 1.50% |
GLDI.L IncomeShares Gold+ Yield ETP | -9.79% | 44.90% | 5.01% |
Correlation
The correlation between ESGP.L and GLDI.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.61 |
The correlation between ESGP.L and GLDI.L has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
ESGP.L vs. GLDI.L — Risk / Return Rank
ESGP.L
GLDI.L
ESGP.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
| ESGP.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 0.66 | +0.74 |
| Martin ratioReturn relative to average drawdown | 3.50 | 1.78 | +1.72 |
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Drawdowns
ESGP.L vs. GLDI.L - Drawdown Comparison
The maximum ESGP.L drawdown since its inception was -36.54%, which is greater than GLDI.L's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for ESGP.L and GLDI.L.
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Drawdown Indicators
| ESGP.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.54% | -22.42% | -14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -22.42% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -32.27% | -21.58% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -3.94% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.50% | 8.28% | +5.22% |
Volatility
ESGP.L vs. GLDI.L - Volatility Comparison
HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) has a higher volatility of 17.26% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 7.44%. This indicates that ESGP.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGP.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.26% | 7.44% | +9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 35.21% | 19.38% | +15.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.22% | 22.35% | +20.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.72% | 18.89% | +14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.72% | 18.89% | +14.83% |
ESGP.L vs. GLDI.L - Expense Ratio Comparison
ESGP.L has a 0.60% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
ESGP.L vs. GLDI.L - Dividend Comparison
ESGP.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ESGP.L HANetf AuAg ESG Gold Mining UCITS ETF | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 6.81% | 6.28% | 0.50% |
Frequently Asked Questions
ESGP.L and GLDI.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.60% for ESGP.L.
ESGP.L is categorized as Gold, while GLDI.L is Derivative Income. They also come from different issuers: HANetf and Leverage Shares. Their fees differ too: 0.60% for ESGP.L and 0.35% for GLDI.L.
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