GOLD.AS vs. DBMFE.PA
GOLD.AS (Amundi Physical Gold ETC C) and DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) are both exchange-traded funds - GOLD.AS is a Precious Metals fund tracking the LMBA Gold Price PM USD, while DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner. GOLD.AS is passively managed, while DBMFE.PA is actively managed. Over the past year, GOLD.AS returned 20.41% vs 25.63% for DBMFE.PA. At a 0.15 correlation, their price movements are largely independent. GOLD.AS charges 0.12%/yr vs 0.75%/yr for DBMFE.PA.
Performance
GOLD.AS vs. DBMFE.PA - Performance Comparison
Loading charts...
Different Trading Currencies
GOLD.AS is traded in USD, while DBMFE.PA is traded in EUR. To make them comparable, the DBMFE.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOLD.AS achieves a -7.16% return, which is significantly lower than DBMFE.PA's 8.48% return.
GOLD.AS
- 1D
- 0.00%
- 1M
- -11.07%
- YTD
- -7.16%
- 6M
- -10.84%
- 1Y
- 20.41%
- 3Y*
- 27.48%
- 5Y*
- 17.46%
- 10Y*
- —
DBMFE.PA
- 1D
- 0.00%
- 1M
- -2.38%
- YTD
- 8.48%
- 6M
- 8.59%
- 1Y
- 25.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLD.AS vs. DBMFE.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLD.AS Amundi Physical Gold ETC C | -7.16% | 31.73% |
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 8.48% | 17.53% |
Correlation
The correlation between GOLD.AS and DBMFE.PA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOLD.AS vs. DBMFE.PA — Risk / Return Rank
GOLD.AS
DBMFE.PA
GOLD.AS vs. DBMFE.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC C (GOLD.AS) and iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA). 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.
| GOLD.AS | DBMFE.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.76 | -2.93 |
| Martin ratioReturn relative to average drawdown | 2.41 | 10.49 | -8.08 |
Loading charts...
Drawdowns
GOLD.AS vs. DBMFE.PA - Drawdown Comparison
The maximum GOLD.AS drawdown since its inception was -24.41%, which is greater than DBMFE.PA's maximum drawdown of -6.76%. Use the drawdown chart below to compare losses from any high point for GOLD.AS and DBMFE.PA.
Loading charts...
Drawdown Indicators
| GOLD.AS | DBMFE.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.41% | -6.76% | -17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -6.76% | -17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | — | — |
Current DrawdownCurrent decline from peak | -24.41% | -4.62% | -19.79% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -2.42% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 2.43% | +6.01% |
Volatility
GOLD.AS vs. DBMFE.PA - Volatility Comparison
Amundi Physical Gold ETC C (GOLD.AS) has a higher volatility of 9.08% compared to iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) at 4.29%. This indicates that GOLD.AS's price experiences larger fluctuations and is considered to be riskier than DBMFE.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOLD.AS | DBMFE.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 4.29% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 23.34% | 11.98% | +11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.21% | 15.13% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.12% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 17.12% | +0.11% |
GOLD.AS vs. DBMFE.PA - Expense Ratio Comparison
GOLD.AS has a 0.12% expense ratio, which is lower than DBMFE.PA's 0.75% expense ratio.
Dividends
GOLD.AS vs. DBMFE.PA - Dividend Comparison
Neither GOLD.AS nor DBMFE.PA has paid dividends to shareholders.
Frequently Asked Questions
GOLD.AS and DBMFE.PA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOLD.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOLD.AS is cheaper with a 0.12% expense ratio, compared with 0.75% for DBMFE.PA.
GOLD.AS is categorized as Precious Metals, while DBMFE.PA is Hedge Fund. They also come from different issuers: Amundi and iM Global Partner. Their fees differ too: 0.12% for GOLD.AS and 0.75% for DBMFE.PA.
Find the right allocation for GOLD.AS and DBMFE.PA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer