GLDA.DE vs. IB01.L
GLDA.DE (Amundi Physical Gold ETC (C)) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - GLDA.DE is a Precious Metals fund tracking the Gold, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, GLDA.DE returned 19.71%/yr vs 4.35%/yr for IB01.L. At a 0.08 correlation, their price movements are largely independent. GLDA.DE charges 0.12%/yr vs 0.07%/yr for IB01.L.
Performance
GLDA.DE vs. IB01.L - Performance Comparison
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Different Trading Currencies
GLDA.DE is traded in EUR, while IB01.L is traded in USD. To make them comparable, the IB01.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDA.DE having a 2.73% return and IB01.L slightly lower at 2.63%.
GLDA.DE
- 1D
- 0.57%
- 1M
- -1.60%
- YTD
- 2.73%
- 6M
- 6.36%
- 1Y
- 30.16%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
IB01.L
- 1D
- 0.00%
- 1M
- 0.98%
- YTD
- 2.63%
- 6M
- 2.05%
- 1Y
- 2.26%
- 3Y*
- 1.95%
- 5Y*
- 4.35%
- 10Y*
- —
GLDA.DE vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | 2.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 12.92% | 8.39% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 2.60% | -8.05% | 12.19% | 1.78% | 7.34% | 7.48% | -7.43% | 1.00% |
Correlation
The correlation between GLDA.DE and IB01.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2019 | 0.08 |
The correlation between GLDA.DE and IB01.L shifts across timeframes, from -0.08 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.DE vs. IB01.L — Risk / Return Rank
GLDA.DE
IB01.L
GLDA.DE vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.DE) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L). 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.
| GLDA.DE | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.59 | +1.23 |
| Martin ratioReturn relative to average drawdown | 4.60 | 1.36 | +3.24 |
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
| GLDA.DE | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.36 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.57 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.32 | +0.78 |
Drawdowns
GLDA.DE vs. IB01.L - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -18.34%, which is greater than IB01.L's maximum drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and IB01.L.
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Drawdown Indicators
| GLDA.DE | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -13.53% | -4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -3.83% | -12.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -11.53% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -11.76% | -4.77% |
Current DrawdownCurrent decline from peak | -15.01% | -6.77% | -8.24% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.91% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 1.66% | +4.88% |
Volatility
GLDA.DE vs. IB01.L - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) has a higher volatility of 5.11% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 1.29%. This indicates that GLDA.DE's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.DE | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.29% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 4.25% | +15.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 6.21% | +16.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 7.57% | +8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 7.37% | +8.48% |
GLDA.DE vs. IB01.L - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is higher than IB01.L's 0.07% 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. IB01.L - Dividend Comparison
Neither GLDA.DE nor IB01.L has paid dividends to shareholders.
Frequently Asked Questions
GLDA.DE and IB01.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.12% for GLDA.DE.
GLDA.DE is categorized as Precious Metals, while IB01.L is Government Bonds. GLDA.DE tracks Gold, while IB01.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for GLDA.DE and 0.07% for IB01.L.
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