IS0E.DE vs. IAU
IS0E.DE (iShares Gold Producers UCITS ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IS0E.DE returned 13.92%/yr vs 12.81%/yr for IAU. A 0.57 correlation means they provide meaningful diversification when combined. IS0E.DE charges 0.55%/yr vs 0.25%/yr for IAU.
Performance
IS0E.DE vs. IAU - Performance Comparison
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Different Trading Currencies
IS0E.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly lower than IAU's 2.02% return. Over the past 10 years, IS0E.DE has outperformed IAU with an annualized return of 13.92%, while IAU has yielded a comparatively lower 12.81% annualized return.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
IAU
- 1D
- -2.86%
- 1M
- -6.20%
- YTD
- 2.02%
- 6M
- 3.70%
- 1Y
- 27.48%
- 3Y*
- 26.55%
- 5Y*
- 18.93%
- 10Y*
- 12.81%
IS0E.DE vs. IAU - 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% |
IAU iShares Gold Trust | 2.02% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.85% | -0.97% |
Correlation
The correlation between IS0E.DE and IAU is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.57 |
The correlation between IS0E.DE and IAU has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. IAU — Risk / Return Rank
IS0E.DE
IAU
IS0E.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.54 | +0.62 |
| Martin ratioReturn relative to average drawdown | 5.45 | 3.81 | +1.65 |
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
| IS0E.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.10 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.14 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.86 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.65 | -0.47 |
Drawdowns
IS0E.DE vs. IAU - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and IAU.
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Drawdown Indicators
| IS0E.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -37.42% | -34.21% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -17.90% | -9.36% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -17.90% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -17.90% | -20.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -18.61% | -27.01% |
Current DrawdownCurrent decline from peak | -22.93% | -17.90% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -12.02% | -21.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 7.24% | +3.61% |
Volatility
IS0E.DE vs. IAU - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to iShares Gold Trust (IAU) at 4.62%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0E.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 4.62% | +8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 21.86% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 25.16% | +22.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 16.68% | +17.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 14.89% | +17.64% |
IS0E.DE vs. IAU - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
IS0E.DE vs. IAU - Dividend Comparison
Neither IS0E.DE nor IAU has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and IAU have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while IAU is Gold. IS0E.DE tracks S&P Commodity Producers Gold, while IAU tracks LBMA Gold Price. Their fees differ too: 0.55% for IS0E.DE and 0.25% for IAU.
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