IGLD.DE vs. HGGG.TO
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and HGGG.TO (Harvest Global Gold Giants Index ETF) are both Gold funds - IGLD.DE tracks the Gold (EUR Hedged) while HGGG.TO tracks the Solactive Global Gold Giants Index TR. Both are passively managed. Over the past 3 years, IGLD.DE returned 24.45%/yr vs 41.51%/yr for HGGG.TO. At a 0.45 correlation, their price movements are largely independent. IGLD.DE charges 0.25%/yr vs 0.40%/yr for HGGG.TO.
Performance
IGLD.DE vs. HGGG.TO - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while HGGG.TO is traded in CAD. To make them comparable, the HGGG.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IGLD.DE having a -10.31% return and HGGG.TO slightly lower at -10.69%.
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
HGGG.TO
- 1D
- 1.86%
- 1M
- -11.55%
- YTD
- -10.69%
- 6M
- -12.96%
- 1Y
- 58.52%
- 3Y*
- 41.51%
- 5Y*
- 22.27%
- 10Y*
- —
IGLD.DE vs. HGGG.TO - 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% |
HGGG.TO Harvest Global Gold Giants Index ETF | -10.69% | 149.89% | 23.87% | 3.51% | 6.70% |
Correlation
The correlation between IGLD.DE and HGGG.TO is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.45 |
The correlation between IGLD.DE and HGGG.TO shifts across timeframes, from 0.45 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD.DE vs. HGGG.TO — Risk / Return Rank
IGLD.DE
HGGG.TO
IGLD.DE vs. HGGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Harvest Global Gold Giants Index ETF (HGGG.TO). 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 | HGGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.60 | -0.93 |
| Martin ratioReturn relative to average drawdown | 1.95 | 4.14 | -2.20 |
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Drawdowns
IGLD.DE vs. HGGG.TO - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -25.14%, smaller than the maximum HGGG.TO drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and HGGG.TO.
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Drawdown Indicators
| IGLD.DE | HGGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -42.61% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -36.79% | +11.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.14% | -36.79% | +11.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.91% | — |
Current DrawdownCurrent decline from peak | -25.14% | -33.48% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -17.54% | +13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.71% | 14.17% | -5.46% |
Volatility
IGLD.DE vs. HGGG.TO - Volatility Comparison
The current volatility for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) is 9.09%, while Harvest Global Gold Giants Index ETF (HGGG.TO) has a volatility of 16.39%. This indicates that IGLD.DE experiences smaller price fluctuations and is considered to be less risky than HGGG.TO 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 | HGGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 16.39% | -7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 36.42% | -13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 45.11% | -19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 33.69% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 33.41% | -15.15% |
IGLD.DE vs. HGGG.TO - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than HGGG.TO's 0.40% expense ratio.
Dividends
IGLD.DE vs. HGGG.TO - Dividend Comparison
Neither IGLD.DE nor HGGG.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.65% | 0.54% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLD.DE and HGGG.TO have a correlation of 0.61, 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 0.40% for HGGG.TO.
IGLD.DE tracks Gold (EUR Hedged), while HGGG.TO tracks Solactive Global Gold Giants Index TR. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.25% for IGLD.DE and 0.40% for HGGG.TO.
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