GLD vs. IUSQ.DE
GLD (SPDR Gold Shares) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, GLD returned 12.15%/yr vs 12.91%/yr for IUSQ.DE. At a 0.13 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.20%/yr for IUSQ.DE.
Performance
GLD vs. IUSQ.DE - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while IUSQ.DE is traded in EUR. To make them comparable, the IUSQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than IUSQ.DE's 10.01% return. Over the past 10 years, GLD has underperformed IUSQ.DE with an annualized return of 12.15%, while IUSQ.DE has yielded a comparatively higher 12.91% annualized return.
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
IUSQ.DE
- 1D
- 1.75%
- 1M
- -0.02%
- YTD
- 10.01%
- 6M
- 11.76%
- 1Y
- 26.66%
- 3Y*
- 19.85%
- 5Y*
- 11.00%
- 10Y*
- 12.91%
GLD vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 10.01% | 23.07% | 17.40% | 22.32% | -18.34% | 18.95% | 15.19% | 27.40% | -10.39% | 24.57% |
Correlation
The correlation between GLD and IUSQ.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.13 |
The correlation between GLD and IUSQ.DE shifts across timeframes, from 0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. IUSQ.DE — Risk / Return Rank
GLD
IUSQ.DE
GLD vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE). 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.
| GLD | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.89 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.81 | 12.04 | -9.23 |
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Drawdowns
GLD vs. IUSQ.DE - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than IUSQ.DE's maximum drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for GLD and IUSQ.DE.
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Drawdown Indicators
| GLD | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -34.07% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -8.85% | -15.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -17.48% | -6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -26.08% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -34.07% | +9.61% |
Current DrawdownCurrent decline from peak | -22.05% | -1.91% | -20.14% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -5.02% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 2.13% | +6.36% |
Volatility
GLD vs. IUSQ.DE - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 7.79% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.93%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 3.93% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 9.72% | +14.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 12.49% | +14.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 15.50% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.92% | +0.16% |
GLD vs. IUSQ.DE - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
GLD vs. IUSQ.DE - Dividend Comparison
Neither GLD nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
GLD and IUSQ.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for GLD.
GLD is categorized as Gold, while IUSQ.DE is Global Equities. GLD tracks LBMA Gold Price PM, while IUSQ.DE tracks MSCI All Country World (ACWI). They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GLD and 0.20% for IUSQ.DE.
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