GLDA.L vs. XGLD.L
GLDA.L (Amundi Physical Gold ETC (C)) and XGLD.L (Xtrackers Physical Gold ETC) are both Gold funds tracking the Gold, from Amundi and Xtrackers respectively. Both are passively managed. Over the past 5 years, GLDA.L returned 17.82%/yr vs 17.55%/yr for XGLD.L. Their correlation of 0.84 suggests significant overlap in exposure. GLDA.L charges 0.12%/yr vs 0.25%/yr for XGLD.L.
Performance
GLDA.L vs. XGLD.L - Performance Comparison
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Different Trading Currencies
GLDA.L is traded in GBp, while XGLD.L is traded in USD. To make them comparable, the XGLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDA.L having a -6.28% return and XGLD.L slightly lower at -6.50%.
GLDA.L
- 1D
- -1.50%
- 1M
- -7.36%
- 6M
- -12.69%
- YTD
- -6.28%
- 1Y
- 20.45%
- 3Y*
- 26.05%
- 5Y*
- 17.82%
- 10Y*
- —
XGLD.L
- 1D
- -1.91%
- 1M
- -7.85%
- 6M
- -13.05%
- YTD
- -6.50%
- 1Y
- 19.84%
- 3Y*
- 25.67%
- 5Y*
- 17.55%
- 10Y*
- 11.20%
GLDA.L vs. XGLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLDA.L Amundi Physical Gold ETC (C) | -6.28% | 53.56% | 28.19% | 7.27% | 11.83% | 7,023.54% | 23.98% | 18.50% |
XGLD.L Xtrackers Physical Gold ETC | -6.50% | 52.88% | 28.07% | 7.70% | 11.62% | -3.28% | 20.47% | 13.76% |
Correlation
The correlation between GLDA.L and XGLD.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.84 |
The correlation between GLDA.L and XGLD.L shifts across timeframes, from 0.84 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.L vs. XGLD.L — Risk / Return Rank
GLDA.L
XGLD.L
GLDA.L vs. XGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.L) and Xtrackers Physical Gold ETC (XGLD.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.
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.L | XGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.80 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.07 | 2.00 | +0.07 |
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Drawdowns
GLDA.L vs. XGLD.L - Drawdown Comparison
The maximum GLDA.L drawdown since its inception was -24.25%, smaller than the maximum XGLD.L drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for GLDA.L and XGLD.L.
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Drawdown Indicators
| GLDA.L | XGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.25% | -41.70% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -24.25% | -24.60% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.25% | -24.60% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -24.60% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.60% | — |
Current DrawdownCurrent decline from peak | -24.25% | -24.60% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -14.31% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 9.91% | -0.06% |
Volatility
GLDA.L vs. XGLD.L - Volatility Comparison
The current volatility for Amundi Physical Gold ETC (C) (GLDA.L) is 6.54%, while Xtrackers Physical Gold ETC (XGLD.L) has a volatility of 7.31%. This indicates that GLDA.L experiences smaller price fluctuations and is considered to be less risky than XGLD.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.L | XGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 7.31% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.45% | 22.55% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.68% | 25.62% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 17.12% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,644.64% | 15.75% | +2,628.89% |
GLDA.L vs. XGLD.L - Expense Ratio Comparison
GLDA.L has a 0.12% expense ratio, which is lower than XGLD.L's 0.25% expense ratio. Despite the difference, 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.L vs. XGLD.L - Dividend Comparison
Neither GLDA.L nor XGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, GLDA.L and XGLD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.25% for XGLD.L.
Both ETFs track Gold. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.12% for GLDA.L and 0.25% for XGLD.L.
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