IS0E.DE vs. IGLD.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) are both Precious Metals funds from iShares - IS0E.DE tracks the S&P Commodity Producers Gold while IGLD.DE tracks the Gold (EUR Hedged). Both are passively managed. Over the past 3 years, IS0E.DE returned 38.14%/yr vs 28.49%/yr for IGLD.DE. A 0.78 correlation means they provide meaningful diversification when combined. IS0E.DE charges 0.55%/yr vs 0.25%/yr for IGLD.DE.
Performance
IS0E.DE vs. IGLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly lower than IGLD.DE's 0.35% 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%
IGLD.DE
- 1D
- 0.70%
- 1M
- -4.88%
- YTD
- 0.35%
- 6M
- 4.58%
- 1Y
- 29.44%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
IS0E.DE vs. IGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | 4.98% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.35% | 63.04% | 24.54% | 10.49% | 2.47% |
Correlation
The correlation between IS0E.DE and IGLD.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.78 |
The correlation between IS0E.DE and IGLD.DE has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. IGLD.DE — Risk / Return Rank
IS0E.DE
IGLD.DE
IS0E.DE vs. IGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and iShares Physical Gold (EUR Hedged) ETC (IGLD.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.
| IS0E.DE | IGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.63 | +0.54 |
| Martin ratioReturn relative to average drawdown | 5.45 | 4.10 | +1.36 |
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 | IGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.16 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.32 | -1.14 |
Drawdowns
IS0E.DE vs. IGLD.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, which is greater than IGLD.DE's maximum drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and IGLD.DE.
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Drawdown Indicators
| IS0E.DE | IGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -17.62% | -54.01% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -17.62% | -9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -17.62% | -9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | — | — |
Current DrawdownCurrent decline from peak | -22.93% | -16.24% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -3.72% | -30.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 7.03% | +3.82% |
Volatility
IS0E.DE vs. IGLD.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 12.84% compared to iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) at 5.98%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier than IGLD.DE 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 | IGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 5.98% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 21.79% | +11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 24.80% | +22.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 17.86% | +15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 17.86% | +14.67% |
IS0E.DE vs. IGLD.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than IGLD.DE's 0.25% expense ratio.
Dividends
IS0E.DE vs. IGLD.DE - Dividend Comparison
Neither IS0E.DE nor IGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
IS0E.DE and IGLD.DE have a correlation of 0.80, 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 0.55% for IS0E.DE.
IS0E.DE tracks S&P Commodity Producers Gold, while IGLD.DE tracks Gold (EUR Hedged). Their fees differ too: 0.55% for IS0E.DE and 0.25% for IGLD.DE.
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