IMAE.AS vs. SPGP.L
Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares Gold Producers UCITS ETF (SPGP.L).
IMAE.AS and SPGP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMAE.AS is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011. Both IMAE.AS and SPGP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMAE.AS or SPGP.L.
Key characteristics
| IMAE.AS | SPGP.L | |
|---|---|---|
| YTD Return | 10.60% | 22.66% |
| 1Y Return | 16.15% | 26.77% |
| 3Y Return (Ann) | 7.32% | 11.03% |
| 5Y Return (Ann) | 8.35% | 6.76% |
| 10Y Return (Ann) | 6.68% | 9.30% |
| Sharpe Ratio | 1.63 | 0.96 |
| Daily Std Dev | 10.30% | 27.87% |
| Max Drawdown | -35.60% | -79.54% |
| Current Drawdown | -1.64% | -19.37% |
Correlation
The correlation between IMAE.AS and SPGP.L is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IMAE.AS vs. SPGP.L - Performance Comparison
In the year-to-date period, IMAE.AS achieves a 10.60% return, which is significantly lower than SPGP.L's 22.66% return. Over the past 10 years, IMAE.AS has underperformed SPGP.L with an annualized return of 6.68%, while SPGP.L has yielded a comparatively higher 9.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMAE.AS vs. SPGP.L - Expense Ratio Comparison
IMAE.AS has a 0.20% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Risk-Adjusted Performance
IMAE.AS vs. SPGP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares Gold Producers UCITS ETF (SPGP.L). 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.
Dividends
IMAE.AS vs. SPGP.L - Dividend Comparison
Neither IMAE.AS nor SPGP.L has paid dividends to shareholders.
Drawdowns
IMAE.AS vs. SPGP.L - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, smaller than the maximum SPGP.L drawdown of -79.54%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and SPGP.L. For additional features, visit the drawdowns tool.
Volatility
IMAE.AS vs. SPGP.L - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) is 3.07%, while iShares Gold Producers UCITS ETF (SPGP.L) has a volatility of 8.12%. This indicates that IMAE.AS experiences smaller price fluctuations and is considered to be less risky than SPGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.