GLDA.DE vs. IBTG
GLDA.DE (Amundi Physical Gold ETC (C)) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - GLDA.DE is a Gold fund tracking the Gold, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, GLDA.DE returned 18.68%/yr vs 1.90%/yr for IBTG. At a 0.11 correlation, their price movements are largely independent. GLDA.DE charges 0.12%/yr vs 0.07%/yr for IBTG.
Performance
GLDA.DE vs. IBTG - Performance Comparison
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Different Trading Currencies
GLDA.DE is traded in EUR, while IBTG is traded in USD. To make them comparable, the IBTG 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 IBTG's 5.04% 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*
- —
IBTG
- 1D
- -0.09%
- 1M
- 2.61%
- YTD
- 5.04%
- 6M
- 5.38%
- 1Y
- 6.54%
- 3Y*
- 2.81%
- 5Y*
- 1.90%
- 10Y*
- —
GLDA.DE vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | -5.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 1.54% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 5.04% | -7.99% | 10.83% | 1.21% | -2.49% | 4.21% | -5.91% |
Correlation
The correlation between GLDA.DE and IBTG is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.11 |
The correlation between GLDA.DE and IBTG shifts across timeframes, from -0.11 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.DE vs. IBTG — Risk / Return Rank
GLDA.DE
IBTG
GLDA.DE vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.DE) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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 | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.72 | -0.66 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.50 | -1.55 |
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Drawdowns
GLDA.DE vs. IBTG - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.00%, which is greater than IBTG's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and IBTG.
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Drawdown Indicators
| GLDA.DE | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -13.17% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -3.82% | -18.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -11.20% | -10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -11.66% | -10.34% |
Current DrawdownCurrent decline from peak | -22.00% | -4.22% | -17.78% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -7.40% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 1.46% | +6.48% |
Volatility
GLDA.DE vs. IBTG - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) has a higher volatility of 7.96% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 1.49%. This indicates that GLDA.DE's price experiences larger fluctuations and is considered to be riskier than IBTG 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 | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 1.49% | +6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 4.43% | +16.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 6.17% | +17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 7.51% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 7.53% | +8.55% |
GLDA.DE vs. IBTG - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is higher than IBTG'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. IBTG - Dividend Comparison
GLDA.DE has not paid dividends to shareholders, while IBTG's dividend yield for the trailing twelve months is around 3.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.95% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
GLDA.DE and IBTG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.12% for GLDA.DE.
GLDA.DE is categorized as Gold, while IBTG is Government Bonds. GLDA.DE tracks Gold, while IBTG tracks ICE 2026 Maturity US Treasury Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for GLDA.DE and 0.07% for IBTG.
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