IGLD.DE vs. SGOV
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IGLD.DE is a Gold fund tracking the Gold (EUR Hedged), while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, IGLD.DE returned 24.45%/yr vs 3.25%/yr for SGOV. At a correlation of -0.34, they often move in opposite directions. IGLD.DE charges 0.25%/yr vs 0.09%/yr for SGOV.
Performance
IGLD.DE vs. SGOV - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while SGOV is traded in USD. To make them comparable, the SGOV 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 -10.31% return, which is significantly lower than SGOV's 5.13% return.
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- -0.06%
- 1M
- 2.62%
- YTD
- 5.13%
- 6M
- 5.49%
- 1Y
- 6.57%
- 3Y*
- 3.25%
- 5Y*
- 4.60%
- 10Y*
- —
IGLD.DE vs. SGOV - 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.13% | -8.13% | 12.22% | 1.97% | -1.28% |
Correlation
The correlation between IGLD.DE and SGOV is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | -0.34 |
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Return for Risk
IGLD.DE vs. SGOV — Risk / Return Rank
IGLD.DE
SGOV
IGLD.DE vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.72 | -1.05 |
| Martin ratioReturn relative to average drawdown | 1.95 | 4.32 | -2.37 |
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Drawdowns
IGLD.DE vs. SGOV - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -25.14%, which is greater than SGOV's maximum drawdown of -11.59%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and SGOV.
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Drawdown Indicators
| IGLD.DE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -11.59% | -13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -3.84% | -21.30% |
Max Drawdown (3Y)Largest decline over 3 years | -25.14% | -11.53% | -13.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -25.14% | -4.58% | -20.56% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -5.74% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.71% | 1.53% | +7.18% |
Volatility
IGLD.DE vs. SGOV - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 9.09% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 1.47%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than SGOV 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 | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 1.47% | +7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 4.44% | +18.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 6.26% | +19.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 7.69% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 7.46% | +10.80% |
IGLD.DE vs. SGOV - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is higher than SGOV's 0.09% 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. SGOV - Dividend Comparison
IGLD.DE has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IGLD.DE and SGOV have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.25% for IGLD.DE.
IGLD.DE is categorized as Gold, while SGOV is Ultrashort Bond. IGLD.DE tracks Gold (EUR Hedged), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.25% for IGLD.DE and 0.09% for SGOV.
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