IS3U.DE vs. GLD
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and GLD (SPDR Gold Shares) are both exchange-traded funds - IS3U.DE is a Europe Equities fund tracking the MSCI France Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 12.97%/yr for GLD. At a correlation of -0.02, they often move in opposite directions. IS3U.DE charges 0.25%/yr vs 0.40%/yr for GLD.
Performance
IS3U.DE vs. GLD - Performance Comparison
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Different Trading Currencies
IS3U.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than GLD's 4.96% return. Over the past 10 years, IS3U.DE has underperformed GLD with an annualized return of 9.25%, while GLD has yielded a comparatively higher 12.97% annualized return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
GLD
- 1D
- 0.00%
- 1M
- -3.47%
- YTD
- 4.96%
- 6M
- 6.67%
- 1Y
- 31.01%
- 3Y*
- 27.58%
- 5Y*
- 19.45%
- 10Y*
- 12.97%
IS3U.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
GLD SPDR Gold Shares | 1.94% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Correlation
The correlation between IS3U.DE and GLD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | -0.02 |
The correlation between IS3U.DE and GLD shifts across timeframes, from -0.03 (10 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3U.DE vs. GLD — Risk / Return Rank
IS3U.DE
GLD
IS3U.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) and SPDR Gold Shares (GLD). 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.
| IS3U.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.82 | -1.06 |
| Martin ratioReturn relative to average drawdown | 2.37 | 4.30 | -1.93 |
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
| IS3U.DE | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.24 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.17 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.87 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.65 | -0.17 |
Drawdowns
IS3U.DE vs. GLD - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, roughly equal to the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and GLD.
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Drawdown Indicators
| IS3U.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -37.47% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -17.14% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -17.14% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -17.14% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -18.63% | -20.35% |
Current DrawdownCurrent decline from peak | -2.54% | -15.52% | +12.98% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -12.17% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 7.23% | -3.77% |
Volatility
IS3U.DE vs. GLD - Volatility Comparison
iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) has a higher volatility of 4.25% compared to SPDR Gold Shares (GLD) at 3.75%. This indicates that IS3U.DE's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3U.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.75% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 21.79% | -10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 25.17% | -10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.69% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 14.91% | +2.51% |
IS3U.DE vs. GLD - Expense Ratio Comparison
IS3U.DE has a 0.25% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
IS3U.DE vs. GLD - Dividend Comparison
Neither IS3U.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and GLD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3U.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3U.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for GLD.
IS3U.DE is categorized as Europe Equities, while GLD is Gold. IS3U.DE tracks MSCI France Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IS3U.DE and 0.40% for GLD.
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