ESIF.DE vs. GLD
ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) and GLD (SPDR Gold Shares) are both exchange-traded funds - ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, ESIF.DE returned 19.48%/yr vs 19.26%/yr for GLD. At a correlation of -0.03, they often move in opposite directions. ESIF.DE charges 0.18%/yr vs 0.40%/yr for GLD.
Performance
ESIF.DE vs. GLD - Performance Comparison
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Different Trading Currencies
ESIF.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, ESIF.DE achieves a 3.87% return, which is significantly lower than GLD's 4.15% return.
ESIF.DE
- 1D
- 0.61%
- 1M
- 3.50%
- YTD
- 3.87%
- 6M
- 10.14%
- 1Y
- 22.51%
- 3Y*
- 28.94%
- 5Y*
- 19.48%
- 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%
ESIF.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 3.87% | 47.69% | 25.31% | 21.61% | -2.88% | 29.09% | 3.24% |
GLD SPDR Gold Shares | 4.96% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | -1.51% |
Correlation
The correlation between ESIF.DE and GLD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | -0.03 |
The correlation between ESIF.DE and GLD shifts across timeframes, from -0.03 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESIF.DE vs. GLD — Risk / Return Rank
ESIF.DE
GLD
ESIF.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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.
| ESIF.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.70 | +0.11 |
| Martin ratioReturn relative to average drawdown | 6.04 | 4.06 | +1.98 |
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
| ESIF.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.16 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.16 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.65 | +0.51 |
Drawdowns
ESIF.DE vs. GLD - Drawdown Comparison
The maximum ESIF.DE drawdown since its inception was -22.93%, smaller than the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for ESIF.DE and GLD.
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Drawdown Indicators
| ESIF.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -37.47% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -17.14% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.10% | -17.14% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -17.14% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.63% | — |
Current DrawdownCurrent decline from peak | -2.65% | -16.17% | +13.52% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -12.17% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 7.17% | -3.45% |
Volatility
ESIF.DE vs. GLD - Volatility Comparison
iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a higher volatility of 5.37% compared to SPDR Gold Shares (GLD) at 4.64%. This indicates that ESIF.DE's price experiences larger fluctuations and is considered to be riskier 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
| ESIF.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.64% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 21.81% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 25.18% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 16.70% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 14.91% | +3.93% |
ESIF.DE vs. GLD - Expense Ratio Comparison
ESIF.DE has a 0.18% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
ESIF.DE vs. GLD - Dividend Comparison
Neither ESIF.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
ESIF.DE and GLD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for GLD.
ESIF.DE is categorized as Financials Equities, while GLD is Gold. ESIF.DE tracks MSCI World/Financials NR USD, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIF.DE and 0.40% for GLD.
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