GLDA.DE vs. IBTI
GLDA.DE (Amundi Physical Gold ETC (C)) and IBTI (iShares iBonds Dec 2028 Term Treasury ETF) are both exchange-traded funds - GLDA.DE is a Gold fund tracking the Gold, while IBTI is a Government Bonds fund tracking the ICE 2028 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, GLDA.DE returned 18.68%/yr vs 1.24%/yr for IBTI. At a 0.14 correlation, their price movements are largely independent. GLDA.DE charges 0.12%/yr vs 0.07%/yr for IBTI.
Performance
GLDA.DE vs. IBTI - Performance Comparison
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Different Trading Currencies
GLDA.DE is traded in EUR, while IBTI is traded in USD. To make them comparable, the IBTI 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 IBTI's 3.84% 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*
- —
IBTI
- 1D
- -0.05%
- 1M
- 2.56%
- YTD
- 3.84%
- 6M
- 4.26%
- 1Y
- 5.61%
- 3Y*
- 2.46%
- 5Y*
- 1.24%
- 10Y*
- —
GLDA.DE vs. IBTI - 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% |
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.84% | -6.44% | 9.29% | 1.51% | -5.82% | 3.72% | -6.14% |
Correlation
The correlation between GLDA.DE and IBTI is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.14 |
The correlation between GLDA.DE and IBTI shifts across timeframes, from -0.10 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.DE vs. IBTI — Risk / Return Rank
GLDA.DE
IBTI
GLDA.DE vs. IBTI - 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 2028 Term Treasury ETF (IBTI). 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 | IBTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.39 | -0.32 |
| Martin ratioReturn relative to average drawdown | 2.95 | 3.87 | -0.92 |
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Drawdowns
GLDA.DE vs. IBTI - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.00%, which is greater than IBTI's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and IBTI.
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Drawdown Indicators
| GLDA.DE | IBTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -16.94% | -5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -22.00% | -4.06% | -17.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.00% | -10.43% | -11.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -12.53% | -9.47% |
Current DrawdownCurrent decline from peak | -22.00% | -7.94% | -14.06% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -10.59% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 1.46% | +6.48% |
Volatility
GLDA.DE vs. IBTI - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) has a higher volatility of 7.96% compared to iShares iBonds Dec 2028 Term Treasury ETF (IBTI) at 1.13%. This indicates that GLDA.DE's price experiences larger fluctuations and is considered to be riskier than IBTI 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 | IBTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 1.13% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 4.16% | +17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 5.65% | +18.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 7.83% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 7.92% | +8.16% |
GLDA.DE vs. IBTI - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is higher than IBTI'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. IBTI - Dividend Comparison
GLDA.DE has not paid dividends to shareholders, while IBTI's dividend yield for the trailing twelve months is around 3.80%.
| 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% |
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.80% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% |
Frequently Asked Questions
GLDA.DE and IBTI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTI is cheaper with a 0.07% expense ratio, compared with 0.12% for GLDA.DE.
GLDA.DE is categorized as Gold, while IBTI is Government Bonds. GLDA.DE tracks Gold, while IBTI tracks ICE 2028 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 IBTI.
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