EXXY.DE vs. AAAU
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - EXXY.DE is a Commodities fund tracking the Bloomberg Commodity, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, EXXY.DE returned 11.46%/yr vs 19.70%/yr for AAAU. At a 0.24 correlation, their price movements are largely independent. EXXY.DE charges 0.46%/yr vs 0.18%/yr for AAAU.
Performance
EXXY.DE vs. AAAU - Performance Comparison
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Different Trading Currencies
EXXY.DE is traded in EUR, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXXY.DE achieves a 23.43% return, which is significantly higher than AAAU's 5.01% return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
AAAU
- 1D
- 0.73%
- 1M
- -0.97%
- YTD
- 5.01%
- 6M
- 6.63%
- 1Y
- 30.33%
- 3Y*
- 27.98%
- 5Y*
- 19.70%
- 10Y*
- —
EXXY.DE vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.09% |
AAAU Goldman Sachs Physical Gold ETF | 5.01% | 44.59% | 35.29% | 9.58% | 5.67% | 3.17% | 14.71% | 20.84% | 8.07% |
Correlation
The correlation between EXXY.DE and AAAU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.24 |
The correlation between EXXY.DE and AAAU shifts across timeframes, from 0.16 (1 year) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXXY.DE vs. AAAU — Risk / Return Rank
EXXY.DE
AAAU
EXXY.DE vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| EXXY.DE | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 1.78 | +2.00 |
| Martin ratioReturn relative to average drawdown | 8.41 | 4.26 | +4.15 |
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
| EXXY.DE | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.22 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.19 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 1.15 | -1.13 |
Drawdowns
EXXY.DE vs. AAAU - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than AAAU's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and AAAU.
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Drawdown Indicators
| EXXY.DE | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -18.54% | -47.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -17.11% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -17.11% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -17.11% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -16.97% | -15.47% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -5.27% | -34.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 7.14% | -3.11% |
Volatility
EXXY.DE vs. AAAU - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a higher volatility of 5.99% compared to Goldman Sachs Physical Gold ETF (AAAU) at 4.61%. This indicates that EXXY.DE's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXY.DE | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 4.61% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 21.58% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 24.92% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.57% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 15.81% | -0.49% |
EXXY.DE vs. AAAU - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Dividends
EXXY.DE vs. AAAU - Dividend Comparison
Neither EXXY.DE nor AAAU has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and AAAU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAU is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAU is cheaper with a 0.18% expense ratio, compared with 0.46% for EXXY.DE.
EXXY.DE is categorized as Commodities, while AAAU is Gold. EXXY.DE tracks Bloomberg Commodity, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.46% for EXXY.DE and 0.18% for AAAU.
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