IGLD.DE vs. ZGLD.SW
IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) and ZGLD.SW (Swisscanto (CH) Gold ETF EA CHF) are both Precious Metals funds - IGLD.DE tracks the Gold (EUR Hedged) while ZGLD.SW tracks the Gold Bullion. Both are passively managed. Over the past 3 years, IGLD.DE returned 28.49%/yr vs 27.56%/yr for ZGLD.SW. Their correlation of 0.82 suggests significant overlap in exposure. IGLD.DE charges 0.25%/yr vs 0.40%/yr for ZGLD.SW.
Performance
IGLD.DE vs. ZGLD.SW - Performance Comparison
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Different Trading Currencies
IGLD.DE is traded in EUR, while ZGLD.SW is traded in CHF. To make them comparable, the ZGLD.SW 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 ZGLD.SW's 3.53% return.
IGLD.DE
- 1D
- 0.70%
- 1M
- -2.47%
- YTD
- 0.35%
- 6M
- 4.61%
- 1Y
- 28.86%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
ZGLD.SW
- 1D
- 0.63%
- 1M
- -1.64%
- YTD
- 3.53%
- 6M
- 6.14%
- 1Y
- 29.70%
- 3Y*
- 27.56%
- 5Y*
- 19.26%
- 10Y*
- 12.85%
IGLD.DE vs. ZGLD.SW - 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% |
ZGLD.SW Swisscanto (CH) Gold ETF EA CHF | 3.53% | 47.27% | 33.31% | 9.80% | -0.98% |
Correlation
The correlation between IGLD.DE and ZGLD.SW is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.82 |
The correlation between IGLD.DE and ZGLD.SW shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD.DE vs. ZGLD.SW — Risk / Return Rank
IGLD.DE
ZGLD.SW
IGLD.DE vs. ZGLD.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW). 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 | ZGLD.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.77 | -0.14 |
| Martin ratioReturn relative to average drawdown | 4.10 | 4.45 | -0.35 |
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 | ZGLD.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.28 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.65 | +0.67 |
Drawdowns
IGLD.DE vs. ZGLD.SW - Drawdown Comparison
The maximum IGLD.DE drawdown since its inception was -17.62%, smaller than the maximum ZGLD.SW drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for IGLD.DE and ZGLD.SW.
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Drawdown Indicators
| IGLD.DE | ZGLD.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.62% | -37.03% | +19.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -17.07% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -17.07% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.85% | — |
Current DrawdownCurrent decline from peak | -16.24% | -15.73% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -12.17% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 6.75% | +0.28% |
Volatility
IGLD.DE vs. ZGLD.SW - Volatility Comparison
iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) and Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) have volatilities of 5.98% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD.DE | ZGLD.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 5.83% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 20.54% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 23.61% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 16.11% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 14.66% | +3.20% |
IGLD.DE vs. ZGLD.SW - Expense Ratio Comparison
IGLD.DE has a 0.25% expense ratio, which is lower than ZGLD.SW's 0.40% expense ratio.
Dividends
IGLD.DE vs. ZGLD.SW - Dividend Comparison
Neither IGLD.DE nor ZGLD.SW has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IGLD.DE and ZGLD.SW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for ZGLD.SW.
IGLD.DE tracks Gold (EUR Hedged), while ZGLD.SW tracks Gold Bullion. They also come from different issuers: iShares and Swisscanto. Their fees differ too: 0.25% for IGLD.DE and 0.40% for ZGLD.SW.
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