IGLD.DE vs. IVV
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IGLD.DE is a Precious Metals fund tracking the Gold (EUR Hedged), while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 19.27%/yr for IVV. At a correlation of -0.06, they often move in opposite directions. IGLD.DE charges 0.25%/yr vs 0.03%/yr for IVV.
Performance
IGLD.DE vs. IVV - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while IVV is traded in USD. To make them comparable, the IVV 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 IVV's 12.18% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -2.47%
- YTD
- 0.35%
- 6M
- 4.61%
- 1Y
- 28.86%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- 0.00%
- 1M
- 4.92%
- YTD
- 12.18%
- 6M
- 11.13%
- 1Y
- 25.96%
- 3Y*
- 19.27%
- 5Y*
- 14.95%
- 10Y*
- 15.22%
IGLD.DE vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | 12.64% | 3.86% | 33.18% | 22.52% | -5.83% |
Correlation
The correlation between IGLD.DE and IVV is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | -0.06 |
The correlation between IGLD.DE and IVV shifts across timeframes, from -0.06 (all time) to 0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD.DE vs. IVV — Risk / Return Rank
IGLD.DE
IVV
IGLD.DE vs. IVV - 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 Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.54 | -1.91 |
| Martin ratioReturn relative to average drawdown | 4.10 | 13.43 | -9.33 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.14 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.62 | +0.70 |
Drawdowns
IGLD.DE vs. IVV - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, smaller than the maximum IVV drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and IVV.
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Drawdown Indicators
| IGLD.DE | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -49.91% | +32.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -7.36% | -10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -23.85% | +6.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.40% | — |
Current DrawdownCurrent decline from peak | -16.24% | -0.55% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -7.84% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 1.94% | +5.09% |
Volatility
IGLD.DE vs. IVV - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 5.98% compared to iShares Core S&P 500 ETF (IVV) at 2.29%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than IVV 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 | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 2.29% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 8.56% | +13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 12.21% | +12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 16.76% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 18.57% | -0.71% |
IGLD.DE vs. IVV - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGLD.DE vs. IVV - Dividend Comparison
IGLD.DE has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IGLD.DE and IVV have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for IGLD.DE.
IGLD.DE is categorized as Precious Metals, while IVV is S&P 500. IGLD.DE tracks Gold (EUR Hedged), while IVV tracks S&P 500 Index. Their fees differ too: 0.25% for IGLD.DE and 0.03% for IVV.
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