IGLD.DE vs. IS0E.DE
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and IS0E.DE (iShares Gold Producers UCITS ETF) are both Precious Metals funds from iShares - IGLD.DE tracks the Gold (EUR Hedged) while IS0E.DE tracks the S&P Commodity Producers Gold. Both are passively managed. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 38.14%/yr for IS0E.DE. A 0.78 correlation means they provide meaningful diversification when combined. IGLD.DE charges 0.25%/yr vs 0.55%/yr for IS0E.DE.
Performance
IGLD.DE vs. IS0E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD.DE achieves a 0.35% return, which is significantly higher than IS0E.DE's -0.06% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -2.47%
- YTD
- 0.35%
- 6M
- 4.61%
- 1Y
- 28.86%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
IS0E.DE
- 1D
- 0.88%
- 1M
- 0.42%
- YTD
- -0.06%
- 6M
- 7.80%
- 1Y
- 59.37%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
IGLD.DE vs. IS0E.DE - 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% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | 4.98% |
Correlation
The correlation between IGLD.DE and IS0E.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.78 |
The correlation between IGLD.DE and IS0E.DE has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
IGLD.DE vs. IS0E.DE — Risk / Return Rank
IGLD.DE
IS0E.DE
IGLD.DE vs. IS0E.DE - 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 Producers UCITS ETF (IS0E.DE). 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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.17 | -0.54 |
| Martin ratioReturn relative to average drawdown | 4.10 | 5.45 | -1.36 |
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 | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.24 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.18 | +1.14 |
Drawdowns
IGLD.DE vs. IS0E.DE - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, smaller than the maximum IS0E.DE drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and IS0E.DE.
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Drawdown Indicators
| IGLD.DE | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -71.63% | +54.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -27.26% | +9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -27.26% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.62% | — |
Current DrawdownCurrent decline from peak | -16.24% | -22.93% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -33.74% | +30.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 10.85% | -3.82% |
Volatility
IGLD.DE vs. IS0E.DE - Volatility Comparison
The current volatility for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) is 5.98%, while iShares Gold Producers UCITS ETF (IS0E.DE) has a volatility of 12.84%. This indicates that IGLD.DE experiences smaller price fluctuations and is considered to be less risky than IS0E.DE 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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 12.84% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 33.62% | -11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 47.58% | -22.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 33.83% | -15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 32.53% | -14.67% |
IGLD.DE vs. IS0E.DE - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than IS0E.DE's 0.55% expense ratio.
Dividends
IGLD.DE vs. IS0E.DE - Dividend Comparison
Neither IGLD.DE nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
IGLD.DE and IS0E.DE have a correlation of 0.80, 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 0.55% for IS0E.DE.
IGLD.DE tracks Gold (EUR Hedged), while IS0E.DE tracks S&P Commodity Producers Gold. Their fees differ too: 0.25% for IGLD.DE and 0.55% for IS0E.DE.
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