IGLD.DE vs. YGLD.DE
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - IGLD.DE is a Gold fund tracking the Gold (EUR Hedged), while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. IGLD.DE is passively managed, while YGLD.DE is actively managed. Over the past year, IGLD.DE returned 16.98% vs 13.12% for YGLD.DE. A 0.72 correlation means they provide meaningful diversification when combined. IGLD.DE charges 0.25%/yr vs 0.35%/yr for YGLD.DE.
Performance
IGLD.DE vs. YGLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD.DE achieves a -10.31% return, which is significantly higher than YGLD.DE's -11.04% return.
IGLD.DE
- 1D
- 0.00%
- 1M
- -11.35%
- YTD
- -10.31%
- 6M
- -11.59%
- 1Y
- 16.98%
- 3Y*
- 24.45%
- 5Y*
- —
- 10Y*
- —
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLD.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -10.31% | 63.04% | -2.60% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between IGLD.DE and YGLD.DE is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.72 |
The correlation between IGLD.DE and YGLD.DE has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
IGLD.DE vs. YGLD.DE — Risk / Return Rank
IGLD.DE
YGLD.DE
IGLD.DE vs. YGLD.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 IncomeShares Gold + Yield ETP (YGLD.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.
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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.62 | +0.05 |
| Martin ratioReturn relative to average drawdown | 1.95 | 1.35 | +0.59 |
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Drawdowns
IGLD.DE vs. YGLD.DE - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -25.14%, which is greater than YGLD.DE's maximum drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and YGLD.DE.
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Drawdown Indicators
| IGLD.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -21.11% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -21.11% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.14% | — | — |
Current DrawdownCurrent decline from peak | -25.14% | -20.51% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -6.04% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.71% | 9.70% | -0.99% |
Volatility
IGLD.DE vs. YGLD.DE - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) has a higher volatility of 9.09% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that IGLD.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 6.70% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 18.31% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 30.24% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 26.52% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 26.52% | -8.26% |
IGLD.DE vs. YGLD.DE - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than YGLD.DE's 0.35% expense ratio.
Dividends
IGLD.DE vs. YGLD.DE - Dividend Comparison
IGLD.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 |
|---|---|---|
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% |
Frequently Asked Questions
IGLD.DE and YGLD.DE have a correlation of 0.74, 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 0.35% for YGLD.DE.
IGLD.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.25% for IGLD.DE and 0.35% for YGLD.DE.
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