IGLD.DE vs. GLDI
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both Gold funds - IGLD.DE tracks the Gold (EUR Hedged) while GLDI tracks the Credit Suisse NASDAQ Gold FLOWS 103 Index. Both are passively managed. Over the past 3 years, IGLD.DE returned 24.45%/yr vs 14.98%/yr for GLDI. At a 0.44 correlation, their price movements are largely independent. IGLD.DE charges 0.25%/yr vs 0.65%/yr for GLDI.
Performance
IGLD.DE vs. GLDI - Performance Comparison
Loading charts...
Different Trading Currencies
IGLD.DE is traded in EUR, while GLDI is traded in USD. To make them comparable, the GLDI 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 -10.31% return, which is significantly lower than GLDI's -3.21% return.
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
GLDI
- 1D
- 0.90%
- 1M
- -6.84%
- YTD
- -3.21%
- 6M
- -3.98%
- 1Y
- 13.55%
- 3Y*
- 14.98%
- 5Y*
- 11.53%
- 10Y*
- 7.27%
IGLD.DE vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -10.31% | 63.04% | 24.54% | 10.49% | -0.31% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -3.21% | 18.31% | 25.54% | 5.67% | -2.04% |
Correlation
The correlation between IGLD.DE and GLDI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.44 |
The correlation between IGLD.DE and GLDI shifts across timeframes, from 0.44 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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
IGLD.DE vs. GLDI — Risk / Return Rank
IGLD.DE
GLDI
IGLD.DE vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI). 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.
| IGLD.DE | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.99 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.95 | 3.10 | -1.16 |
Loading charts...
Drawdowns
IGLD.DE vs. GLDI - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -25.14%, smaller than the maximum GLDI drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and GLDI.
Loading charts...
Drawdown Indicators
| IGLD.DE | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -27.73% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -13.78% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.14% | -13.78% | -11.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.80% | — |
Current DrawdownCurrent decline from peak | -25.14% | -13.01% | -12.13% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -8.81% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.71% | 4.37% | +4.34% |
Volatility
IGLD.DE vs. GLDI - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 9.09% compared to UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) at 6.91%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLD.DE | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 6.91% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 14.11% | +9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 15.45% | +10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 11.36% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 11.34% | +6.92% |
IGLD.DE vs. GLDI - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Dividends
IGLD.DE vs. GLDI - Dividend Comparison
IGLD.DE has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 27.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | 27.21% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLD.DE and GLDI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLD.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for GLDI.
IGLD.DE tracks Gold (EUR Hedged), while GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for IGLD.DE and 0.65% for GLDI.
Find the right allocation for IGLD.DE and GLDI
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