EXV8.DE vs. GLD

Last updated Apr 2, 2026

Compare and contrast key facts about iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and SPDR Gold Shares (GLD).

EXV8.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. EXV8.DE is a passively managed fund by iShares that tracks the performance of the STOXX® Europe 600 Construction & Materials. It was launched on Jul 8, 2002. 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 EXV8.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

EXV8.DE vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

EXV8.DE vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)	-2.44%	25.00%	6.42%	33.57%	-18.92%	32.25%	-2.02%	42.92%	-17.87%	10.41%
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

EXV8.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, EXV8.DE achieves a -2.44% return, which is significantly lower than GLD's 10.30% return. Over the past 10 years, EXV8.DE has underperformed GLD with an annualized return of 10.32%, while GLD has yielded a comparatively higher 13.75% annualized return.

EXV8.DE

• 1D: 3.61%
• 1M: -7.31%
• YTD: -2.44%
• 6M: 3.86%
• 1Y: 12.15%
• 3Y*: 14.68%
• 5Y*: 10.59%
• 10Y*: 10.32%

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%

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

EXV8.DE vs. GLD - Expense Ratio Comparison

EXV8.DE has a 0.46% expense ratio, which is higher than GLD's 0.40% expense ratio.

EXV8.DE

iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)

GLD

SPDR Gold Shares

Return for Risk

EXV8.DE vs. GLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXV8.DE

EXV8.DE Risk / Return Rank: 29
EXV8.DE Sharpe Ratio Rank: 30
EXV8.DE Sortino Ratio Rank: 29
EXV8.DE Omega Ratio Rank: 28
EXV8.DE Calmar Ratio Rank: 28
EXV8.DE Martin Ratio Rank: 28

GLD

GLD Risk / Return Rank: 85
GLD Sharpe Ratio Rank: 88
GLD Sortino Ratio Rank: 84
GLD Omega Ratio Rank: 85
GLD Calmar Ratio Rank: 86
GLD Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXV8.DE vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.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.

	EXV8.DE	GLD	Difference
Sharpe ratio Return per unit of total volatility	0.60	1.55	-0.95
Sortino ratio Return per unit of downside risk	0.94	1.99	-1.05
Omega ratio Gain probability vs. loss probability	1.12	1.31	-0.18
Calmar ratio Return relative to maximum drawdown	0.77	2.32	-1.55
Martin ratio Return relative to average drawdown	2.64	8.00	-5.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXV8.DE vs. GLD - Sharpe Ratio Comparison

The current EXV8.DE Sharpe Ratio is 0.60, which is lower than the GLD Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of EXV8.DE and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EXV8.DE	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.55	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	1.34	-0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.93	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.67	-0.23

Correlation

The correlation between EXV8.DE and GLD is -0.02. 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

EXV8.DE vs. GLD - Dividend Comparison

EXV8.DE's dividend yield for the trailing twelve months is around 1.44%, while GLD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)	1.44%	1.39%	1.69%	1.59%	1.78%	1.34%	0.53%	1.55%	1.66%	2.87%	2.80%	2.79%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EXV8.DE vs. GLD - Drawdown Comparison

The maximum EXV8.DE drawdown since its inception was -66.09%, which is greater than GLD's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for EXV8.DE and GLD.

Drawdown Indicators

	EXV8.DE	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-66.09%	-45.56%	-20.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	-19.21%	+3.91%
Max Drawdown (5Y) Largest decline over 5 years	-29.23%	-21.03%	-8.20%
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	-22.00%	-20.81%
Current Drawdown Current decline from peak	-9.84%	-11.71%	+1.87%
Average Drawdown Average peak-to-trough decline	-15.07%	-16.17%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	5.25%	-0.80%

Volatility

EXV8.DE vs. GLD - Volatility Comparison

The current volatility for iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) is 8.27%, while SPDR Gold Shares (GLD) has a volatility of 10.37%. This indicates that EXV8.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.

Volatility by Period

	EXV8.DE	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	10.37%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	23.27%	-9.84%
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	25.71%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	16.48%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	14.82%	+5.22%