IGLD.DE vs. IAU
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and IAU (iShares Gold Trust) are both exchange-traded funds - IGLD.DE is a Precious Metals fund tracking the Gold (EUR Hedged), while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 26.55%/yr for IAU. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IGLD.DE vs. IAU - Performance Comparison
Loading charts...
Different Trading Currencies
IGLD.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU 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 IAU's 2.02% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -4.88%
- YTD
- 0.35%
- 6M
- 4.58%
- 1Y
- 29.44%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
IAU
- 1D
- -2.86%
- 1M
- -6.20%
- YTD
- 2.02%
- 6M
- 3.70%
- 1Y
- 27.48%
- 3Y*
- 26.55%
- 5Y*
- 18.93%
- 10Y*
- 12.81%
IGLD.DE vs. IAU - 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% |
IAU iShares Gold Trust | 2.02% | 44.49% | 35.22% | 9.45% | -0.71% |
Correlation
The correlation between IGLD.DE and IAU is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.70 |
The correlation between IGLD.DE and IAU has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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. IAU — Risk / Return Rank
IGLD.DE
IAU
IGLD.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.54 | +0.09 |
| Martin ratioReturn relative to average drawdown | 4.10 | 3.81 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGLD.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.10 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.65 | +0.67 |
Drawdowns
IGLD.DE vs. IAU - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, smaller than the maximum IAU drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and IAU.
Loading charts...
Drawdown Indicators
| IGLD.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -37.42% | +19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -17.90% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -17.90% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -16.24% | -17.90% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -12.02% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 7.24% | -0.21% |
Volatility
IGLD.DE vs. IAU - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 5.98% compared to iShares Gold Trust (IAU) at 4.62%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLD.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.62% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 21.86% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 25.16% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 16.68% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 14.89% | +2.97% |
IGLD.DE vs. IAU - Expense Ratio Comparison
Both IGLD.DE and IAU have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLD.DE vs. IAU - Dividend Comparison
Neither IGLD.DE nor IAU has paid dividends to shareholders.
Frequently Asked Questions
IGLD.DE and IAU have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLD.DE and IAU have the same expense ratio: 0.25% per year.
IGLD.DE is categorized as Precious Metals, while IAU is Gold. IGLD.DE tracks Gold (EUR Hedged), while IAU tracks LBMA Gold Price.
Find the right allocation for IGLD.DE and IAU
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