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 Precious Metals 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 19.71%/yr vs 1.79%/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
The year-to-date returns for both stocks are quite close, with GLDA.DE having a 2.73% return and IBTG slightly lower at 2.64%.
GLDA.DE
- 1D
- 0.57%
- 1M
- -1.60%
- YTD
- 2.73%
- 6M
- 6.36%
- 1Y
- 30.16%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
IBTG
- 1D
- -0.10%
- 1M
- 0.99%
- YTD
- 2.64%
- 6M
- 2.08%
- 1Y
- 2.35%
- 3Y*
- 1.30%
- 5Y*
- 1.79%
- 10Y*
- —
GLDA.DE vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | 2.73% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 5.82% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 2.64% | -7.99% | 10.83% | 1.21% | -2.49% | 4.21% | -6.13% |
Correlation
The correlation between GLDA.DE and IBTG 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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.11 |
The correlation between GLDA.DE and IBTG shifts across timeframes, from -0.08 (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.
| GLDA.DE | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.62 | +1.20 |
| Martin ratioReturn relative to average drawdown | 4.60 | 1.46 | +3.14 |
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 | IBTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.38 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.24 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.02 | +1.08 |
Drawdowns
GLDA.DE vs. IBTG - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -18.34%, 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 | -18.34% | -13.17% | -5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -3.82% | -12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -11.20% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -11.66% | -4.87% |
Current DrawdownCurrent decline from peak | -15.01% | -6.41% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -7.42% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 1.61% | +4.93% |
Volatility
GLDA.DE vs. IBTG - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) has a higher volatility of 5.11% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 1.22%. 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 | 5.11% | 1.22% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 4.31% | +15.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 6.20% | +16.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 7.51% | +8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 7.54% | +8.31% |
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 3.96%.
| 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 | 3.96% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
GLDA.DE and IBTG 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, 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 Precious Metals, 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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