IGLD.DE vs. HMY
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) is Precious Metals fund tracking the Gold (EUR Hedged), while HMY (Harmony Gold Mining Company Limited) is a stock. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 49.93%/yr for HMY. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
IGLD.DE vs. HMY - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while HMY is traded in USD. To make them comparable, the HMY 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 higher than HMY's -17.96% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -4.88%
- YTD
- 0.35%
- 6M
- 4.58%
- 1Y
- 29.44%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
HMY
- 1D
- -8.52%
- 1M
- -8.61%
- YTD
- -17.96%
- 6M
- -16.12%
- 1Y
- 4.00%
- 3Y*
- 49.93%
- 5Y*
- 28.38%
- 10Y*
- 17.45%
IGLD.DE vs. HMY - 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% |
HMY Harmony Gold Mining Company Limited | -17.96% | 116.34% | 44.33% | 77.03% | -0.22% |
Correlation
The correlation between IGLD.DE and HMY is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.60 |
The correlation between IGLD.DE and HMY has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
IGLD.DE vs. HMY — Risk / Return Rank
IGLD.DE
HMY
IGLD.DE vs. HMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Harmony Gold Mining Company Limited (HMY). 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 | HMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.09 | +1.55 |
| Martin ratioReturn relative to average drawdown | 4.10 | 0.20 | +3.90 |
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 | HMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.06 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.08 | +1.24 |
Drawdowns
IGLD.DE vs. HMY - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, smaller than the maximum HMY drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and HMY.
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Drawdown Indicators
| IGLD.DE | HMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -95.25% | +77.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -47.15% | +29.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -47.15% | +29.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.51% | — |
Current DrawdownCurrent decline from peak | -16.24% | -36.19% | +19.95% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -51.58% | +47.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 20.50% | -13.47% |
Volatility
IGLD.DE vs. HMY - Volatility Comparison
The current volatility for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) is 5.98%, while Harmony Gold Mining Company Limited (HMY) has a volatility of 18.71%. This indicates that IGLD.DE experiences smaller price fluctuations and is considered to be less risky than HMY 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 | HMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 18.71% | -12.73% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 46.44% | -24.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 62.72% | -37.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 56.29% | -38.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 59.36% | -41.50% |
Dividends
IGLD.DE vs. HMY - Dividend Comparison
IGLD.DE has not paid dividends to shareholders, while HMY's dividend yield for the trailing twelve months is around 2.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.56% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
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% |
Frequently Asked Questions
IGLD.DE and HMY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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