IS0E.DE vs. ASML.AS

Last updated Jun 5, 2026

IS0E.DE (iShares Gold Producers UCITS ETF) is Precious Metals fund tracking the S&P Commodity Producers Gold, while ASML.AS (ASML Holding NV) is a stock. Over the past 10 years, IS0E.DE returned 13.92%/yr vs 33.95%/yr for ASML.AS. At a 0.11 correlation, their price movements are largely independent.

Performance

IS0E.DE vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Gold Producers UCITS ETF (IS0E.DE) and ASML Holding NV (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly lower than ASML.AS's 63.16% return. Over the past 10 years, IS0E.DE has underperformed ASML.AS with an annualized return of 13.92%, while ASML.AS has yielded a comparatively higher 33.95% annualized return.

IS0E.DE

• 1D: 0.88%
• 1M: -6.27%
• YTD: -0.06%
• 6M: 8.72%
• 1Y: 63.71%
• 3Y*: 38.14%
• 5Y*: 19.77%
• 10Y*: 13.92%

ASML.AS

• 1D: 0.86%
• 1M: 13.54%
• YTD: 63.16%
• 6M: 56.08%
• 1Y: 126.18%
• 3Y*: 31.56%
• 5Y*: 22.96%
• 10Y*: 33.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS0E.DE vs. ASML.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IS0E.DE iShares Gold Producers UCITS ETF	-0.06%	129.59%	18.76%	6.29%	-3.80%	-3.04%	13.47%	44.05%	-4.38%	-6.00%
ASML.AS ASML Holding NV	63.16%	37.08%	0.36%	36.66%	-27.83%	78.74%	52.10%	95.32%	-4.67%	37.45%

Correlation

The correlation between IS0E.DE and ASML.AS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012	0.11

The correlation between IS0E.DE and ASML.AS shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IS0E.DE vs. ASML.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS0E.DE

IS0E.DE Risk / Return Rank: 37
IS0E.DE Sharpe Ratio Rank: 35
IS0E.DE Sortino Ratio Rank: 33
IS0E.DE Omega Ratio Rank: 37
IS0E.DE Calmar Ratio Rank: 45
IS0E.DE Martin Ratio Rank: 36

ASML.AS

ASML.AS Risk / Return Rank: 94
ASML.AS Sharpe Ratio Rank: 95
ASML.AS Sortino Ratio Rank: 93
ASML.AS Omega Ratio Rank: 92
ASML.AS Calmar Ratio Rank: 96
ASML.AS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IS0E.DE vs. ASML.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and ASML Holding NV (ASML.AS). 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.

	IS0E.DE	ASML.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.24	3.23	-1.99
Sortino ratio: Return per unit of downside risk	1.71	3.65	-1.94
Omega ratio: Gain probability vs. loss probability	1.24	1.47	-0.23
Calmar ratio: Return relative to maximum drawdown	2.17	8.17	-6.00
Martin ratio: Return relative to average drawdown	5.45	21.20	-15.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS0E.DE vs. ASML.AS - Sharpe Ratio Comparison

The current IS0E.DE Sharpe Ratio is 1.24, which is lower than the ASML.AS Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of IS0E.DE and ASML.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IS0E.DE	ASML.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	3.23	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.59	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.98	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.54	-0.36

Drawdowns

IS0E.DE vs. ASML.AS - Drawdown Comparison

The maximum IS0E.DE drawdown since its inception was -71.63%, smaller than the maximum ASML.AS drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and ASML.AS.

Drawdown Indicators

	IS0E.DE	ASML.AS	Difference
Max Drawdown Largest peak-to-trough decline	-71.63%	-89.99%	+18.36%
Max Drawdown (1Y) Largest decline over 1 year	-27.26%	-15.81%	-11.45%
Max Drawdown (3Y) Largest decline over 3 years	-27.26%	-44.77%	+17.51%
Max Drawdown (5Y) Largest decline over 5 years	-38.03%	-47.93%	+9.90%
Max Drawdown (10Y) Largest decline over 10 years	-45.62%	-47.93%	+2.31%
Current Drawdown Current decline from peak	-22.93%	0.00%	-22.93%
Average Drawdown Average peak-to-trough decline	-33.74%	-32.58%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.85%	6.13%	+4.72%

Volatility

IS0E.DE vs. ASML.AS - Volatility Comparison

iShares Gold Producers UCITS ETF (IS0E.DE) and ASML Holding NV (ASML.AS) have volatilities of 12.84% and 13.42%, 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.

Volatility by Period

	IS0E.DE	ASML.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	13.42%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	33.62%	30.65%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	47.58%	39.95%	+7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.83%	38.44%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	34.12%	-1.59%

Dividends

IS0E.DE vs. ASML.AS - Dividend Comparison

IS0E.DE has not paid dividends to shareholders, while ASML.AS's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding NV	0.50%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
IS0E.DE iShares Gold Producers UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IS0E.DE and ASML.AS in my portfolio?

IS0E.DE and ASML.AS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.