GLDA.DE vs. IAUM
GLDA.DE (Amundi Physical Gold ETC (C)) and IAUM (iShares Gold Trust Micro) are both Gold funds - GLDA.DE tracks the Gold while IAUM tracks the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, GLDA.DE returned 25.84%/yr vs 26.08%/yr for IAUM. Their correlation of 0.80 suggests significant overlap in exposure. GLDA.DE charges 0.12%/yr vs 0.09%/yr for IAUM.
Performance
GLDA.DE vs. IAUM - Performance Comparison
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Different Trading Currencies
GLDA.DE is traded in EUR, while IAUM is traded in USD. To make them comparable, the IAUM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDA.DE achieves a -5.73% return, which is significantly lower than IAUM's -3.53% return.
GLDA.DE
- 1D
- 0.00%
- 1M
- -8.94%
- YTD
- -5.73%
- 6M
- -6.84%
- 1Y
- 23.36%
- 3Y*
- 25.84%
- 5Y*
- 18.68%
- 10Y*
- —
IAUM
- 1D
- 0.94%
- 1M
- -8.58%
- YTD
- -3.53%
- 6M
- -6.88%
- 1Y
- 23.77%
- 3Y*
- 26.08%
- 5Y*
- —
- 10Y*
- —
GLDA.DE vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | -5.73% | 48.99% | 34.24% | 9.40% | 7.00% | 6.62% |
IAUM iShares Gold Trust Micro | -3.53% | 44.78% | 35.42% | 9.73% | 5.68% | 8.70% |
Correlation
The correlation between GLDA.DE and IAUM is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.80 |
The correlation between GLDA.DE and IAUM has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
GLDA.DE vs. IAUM — Risk / Return Rank
GLDA.DE
IAUM
GLDA.DE vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.DE) and iShares Gold Trust Micro (IAUM). 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.
| GLDA.DE | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.03 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.95 | 2.83 | +0.12 |
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Drawdowns
GLDA.DE vs. IAUM - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.00%, roughly equal to the maximum IAUM drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and IAUM.
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Drawdown Indicators
| GLDA.DE | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -23.08% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -23.08% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -23.08% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -22.00% | -22.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -4.46% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 8.43% | -0.49% |
Volatility
GLDA.DE vs. IAUM - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) and iShares Gold Trust Micro (IAUM) have volatilities of 7.96% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.DE | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 7.74% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 22.65% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 25.75% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 16.85% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.85% | -0.77% |
GLDA.DE vs. IAUM - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is higher than IAUM's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GLDA.DE vs. IAUM - Dividend Comparison
Neither GLDA.DE nor IAUM has paid dividends to shareholders.
Frequently Asked Questions
GLDA.DE and IAUM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAUM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.12% for GLDA.DE.
GLDA.DE tracks Gold, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for GLDA.DE and 0.09% for IAUM.
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