GLDI.L vs. EGLN.L
GLDI.L (IncomeShares Gold+ Yield ETP) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - GLDI.L is a Derivative Income fund actively managed by Leverage Shares, while EGLN.L is a Gold fund tracking the LBMA Gold Price. GLDI.L is actively managed, while EGLN.L is passively managed. Over the past year, GLDI.L returned 28.07% vs 32.44% for EGLN.L. Their correlation of 0.84 suggests significant overlap in exposure. GLDI.L charges 0.35%/yr vs 0.25%/yr for EGLN.L.
Performance
GLDI.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
GLDI.L is traded in USD, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDI.L achieves a -0.59% return, which is significantly lower than EGLN.L's 3.01% return.
GLDI.L
- 1D
- -0.94%
- 1M
- -2.78%
- YTD
- -0.59%
- 6M
- 1.32%
- 1Y
- 28.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGLN.L
- 1D
- -1.45%
- 1M
- -3.87%
- YTD
- 3.01%
- 6M
- 5.01%
- 1Y
- 32.44%
- 3Y*
- 31.19%
- 5Y*
- 18.44%
- 10Y*
- —
GLDI.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | -0.59% | 61.04% | 6.19% |
EGLN.L iShares Physical Gold ETC | 3.01% | 65.63% | 7.95% |
Correlation
The correlation between GLDI.L and EGLN.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.84 |
The correlation between GLDI.L and EGLN.L has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
GLDI.L vs. EGLN.L — Risk / Return Rank
GLDI.L
EGLN.L
GLDI.L vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold+ Yield ETP (GLDI.L) and iShares Physical Gold ETC (EGLN.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.
| GLDI.L | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.87 | -0.17 |
| Martin ratioReturn relative to average drawdown | 4.38 | 4.83 | -0.46 |
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
| GLDI.L | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.33 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 0.93 | +0.82 |
Drawdowns
GLDI.L vs. EGLN.L - Drawdown Comparison
The maximum GLDI.L drawdown since its inception was -16.47%, smaller than the maximum EGLN.L drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for GLDI.L and EGLN.L.
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Drawdown Indicators
| GLDI.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -21.33% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -16.47% | -17.28% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.26% | — |
Current DrawdownCurrent decline from peak | -14.92% | -16.28% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -5.98% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 6.69% | -0.30% |
Volatility
GLDI.L vs. EGLN.L - Volatility Comparison
The current volatility for IncomeShares Gold+ Yield ETP (GLDI.L) is 4.55%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 5.98%. This indicates that GLDI.L experiences smaller price fluctuations and is considered to be less risky than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI.L | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 5.98% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 18.56% | 20.95% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.68% | 24.26% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 17.44% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 15.64% | +3.16% |
GLDI.L vs. EGLN.L - Expense Ratio Comparison
GLDI.L has a 0.35% expense ratio, which is higher than EGLN.L's 0.25% expense ratio.
Dividends
GLDI.L vs. EGLN.L - Dividend Comparison
GLDI.L's dividend yield for the trailing twelve months is around 12.72%, while EGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 12.72% | 9.15% | 1.08% |
Frequently Asked Questions
GLDI.L and EGLN.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.35% for GLDI.L.
GLDI.L is categorized as Derivative Income, while EGLN.L is Gold. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.35% for GLDI.L and 0.25% for EGLN.L.
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