I500.DE vs. GLD
I500.DE (iShares S&P 500 Swap UCITS ETF USD (Acc)) and GLD (SPDR Gold Shares) are both exchange-traded funds - I500.DE is a S&P 500 fund tracking the S&P 500 Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, I500.DE returned 15.00%/yr vs 19.45%/yr for GLD. At a 0.02 correlation, their price movements are largely independent. I500.DE charges 0.07%/yr vs 0.40%/yr for GLD.
Performance
I500.DE vs. GLD - Performance Comparison
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Different Trading Currencies
I500.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, I500.DE achieves a 11.45% return, which is significantly higher than GLD's 4.96% return.
I500.DE
- 1D
- -0.12%
- 1M
- 4.40%
- YTD
- 11.45%
- 6M
- 10.92%
- 1Y
- 25.73%
- 3Y*
- 19.08%
- 5Y*
- 15.00%
- 10Y*
- —
GLD
- 1D
- 0.00%
- 1M
- -3.47%
- YTD
- 4.96%
- 6M
- 6.67%
- 1Y
- 31.01%
- 3Y*
- 27.58%
- 5Y*
- 19.45%
- 10Y*
- 12.97%
I500.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
I500.DE iShares S&P 500 Swap UCITS ETF USD (Acc) | 11.45% | 4.94% | 32.50% | 22.82% | -14.07% | 41.05% | 7.37% |
GLD SPDR Gold Shares | 1.94% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | -3.82% |
Correlation
The correlation between I500.DE and GLD is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.02 |
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Return for Risk
I500.DE vs. GLD — Risk / Return Rank
I500.DE
GLD
I500.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) and SPDR Gold Shares (GLD). 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.
| I500.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.82 | +1.79 |
| Martin ratioReturn relative to average drawdown | 12.82 | 4.30 | +8.52 |
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
| I500.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.24 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.17 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.65 | +0.48 |
Drawdowns
I500.DE vs. GLD - Drawdown Comparison
The maximum I500.DE drawdown since its inception was -23.24%, smaller than the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for I500.DE and GLD.
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Drawdown Indicators
| I500.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.24% | -37.47% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -17.14% | +10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -17.14% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -17.14% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.63% | — |
Current DrawdownCurrent decline from peak | -0.46% | -15.52% | +15.06% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -12.17% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 7.23% | -5.22% |
Volatility
I500.DE vs. GLD - Volatility Comparison
The current volatility for iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) is 2.65%, while SPDR Gold Shares (GLD) has a volatility of 3.75%. This indicates that I500.DE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| I500.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.75% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 21.79% | -14.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 25.17% | -13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 16.69% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 14.91% | +0.22% |
I500.DE vs. GLD - Expense Ratio Comparison
I500.DE has a 0.07% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
I500.DE vs. GLD - Dividend Comparison
Neither I500.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
I500.DE and GLD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.DE is cheaper with a 0.07% expense ratio, compared with 0.40% for GLD.
I500.DE is categorized as S&P 500, while GLD is Gold. I500.DE tracks S&P 500 Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for I500.DE and 0.40% for GLD.
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