IGLD.DE vs. GLDA.L
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and GLDA.L (Amundi Physical Gold ETC (C)) are both Precious Metals funds - IGLD.DE tracks the Gold (EUR Hedged) while GLDA.L tracks the Gold. Both are passively managed. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 27.98%/yr for GLDA.L. A 0.75 correlation means they provide meaningful diversification when combined. IGLD.DE charges 0.25%/yr vs 0.12%/yr for GLDA.L.
Performance
IGLD.DE vs. GLDA.L - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while GLDA.L is traded in GBp. To make them comparable, the GLDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLD.DE achieves a 0.35% return, which is significantly lower than GLDA.L's 4.85% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -2.47%
- YTD
- 0.35%
- 6M
- 4.61%
- 1Y
- 28.86%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
GLDA.L
- 1D
- 0.63%
- 1M
- -1.59%
- YTD
- 4.85%
- 6M
- 6.40%
- 1Y
- 30.15%
- 3Y*
- 27.98%
- 5Y*
- 19.94%
- 10Y*
- —
IGLD.DE vs. GLDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.35% | 63.04% | 24.54% | 10.49% | 2.47% |
GLDA.L Amundi Physical Gold ETC (C) | 4.85% | 45.55% | 34.37% | 9.54% | -0.64% |
Correlation
The correlation between IGLD.DE and GLDA.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.75 |
The correlation between IGLD.DE and GLDA.L shifts across timeframes, from 0.75 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD.DE vs. GLDA.L — Risk / Return Rank
IGLD.DE
GLDA.L
IGLD.DE vs. GLDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Amundi Physical Gold ETC (C) (GLDA.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.
| IGLD.DE | GLDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.74 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.10 | 4.53 | -0.43 |
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
| IGLD.DE | GLDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.28 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.13 | +0.20 |
Drawdowns
IGLD.DE vs. GLDA.L - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, roughly equal to the maximum GLDA.L drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and GLDA.L.
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Drawdown Indicators
| IGLD.DE | GLDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -17.77% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -17.24% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -17.24% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.24% | — |
Current DrawdownCurrent decline from peak | -16.24% | -15.34% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -5.53% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 6.64% | +0.39% |
Volatility
IGLD.DE vs. GLDA.L - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 5.98% compared to Amundi Physical Gold ETC (C) (GLDA.L) at 5.16%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD.DE | GLDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 5.16% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 20.56% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 23.50% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 17.82% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 17.80% | +0.06% |
IGLD.DE vs. GLDA.L - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is higher than GLDA.L's 0.12% 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
IGLD.DE vs. GLDA.L - Dividend Comparison
Neither IGLD.DE nor GLDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IGLD.DE and GLDA.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 IGLD.DE.
IGLD.DE tracks Gold (EUR Hedged), while GLDA.L tracks Gold. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IGLD.DE and 0.12% for GLDA.L.
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