ESGU.DE vs. GLD
ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) and GLD (SPDR Gold Shares) are both exchange-traded funds - ESGU.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Universal Select Business Screens, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, ESGU.DE returned 13.90%/yr vs 19.26%/yr for GLD. At a 0.00 correlation, their price movements are largely independent. ESGU.DE charges 0.09%/yr vs 0.40%/yr for GLD.
Performance
ESGU.DE vs. GLD - Performance Comparison
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Different Trading Currencies
ESGU.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, ESGU.DE achieves a 12.55% return, which is significantly higher than GLD's 4.15% return.
ESGU.DE
- 1D
- -0.51%
- 1M
- 5.84%
- YTD
- 12.55%
- 6M
- 12.15%
- 1Y
- 25.15%
- 3Y*
- 18.92%
- 5Y*
- 13.90%
- 10Y*
- —
GLD
- 1D
- 0.00%
- 1M
- -1.78%
- YTD
- 4.15%
- 6M
- 5.70%
- 1Y
- 29.06%
- 3Y*
- 27.37%
- 5Y*
- 19.26%
- 10Y*
- 12.87%
ESGU.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 12.55% | 3.01% | 31.66% | 23.96% | -17.68% | 39.98% | 12.25% | 13.25% |
GLD SPDR Gold Shares | 4.96% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 11.90% |
Correlation
The correlation between ESGU.DE and GLD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.00 |
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Return for Risk
ESGU.DE vs. GLD — Risk / Return Rank
ESGU.DE
GLD
ESGU.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.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.
| ESGU.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.70 | +1.41 |
| Martin ratioReturn relative to average drawdown | 10.84 | 4.06 | +6.78 |
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
| ESGU.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.16 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.16 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.65 | +0.24 |
Drawdowns
ESGU.DE vs. GLD - Drawdown Comparison
The maximum ESGU.DE drawdown since its inception was -32.63%, smaller than the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for ESGU.DE and GLD.
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Drawdown Indicators
| ESGU.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -37.47% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -17.14% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | -17.14% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -17.14% | -6.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.63% | — |
Current DrawdownCurrent decline from peak | -0.53% | -16.17% | +15.64% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -12.17% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 7.17% | -4.86% |
Volatility
ESGU.DE vs. GLD - Volatility Comparison
The current volatility for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) is 2.90%, while SPDR Gold Shares (GLD) has a volatility of 4.64%. This indicates that ESGU.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
| ESGU.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.64% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 21.81% | -13.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 25.18% | -13.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 16.70% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 14.91% | +2.56% |
ESGU.DE vs. GLD - Expense Ratio Comparison
ESGU.DE has a 0.09% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
ESGU.DE vs. GLD - Dividend Comparison
Neither ESGU.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
ESGU.DE and GLD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGU.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGU.DE is cheaper with a 0.09% expense ratio, compared with 0.40% for GLD.
ESGU.DE is categorized as Large Cap Blend Equities, while GLD is Gold. ESGU.DE tracks MSCI USA ESG Universal Select Business Screens, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.09% for ESGU.DE and 0.40% for GLD.
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