IS3V.DE vs. GLDA.DE
IS3V.DE (iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc) and GLDA.DE (Amundi Physical Gold ETC (C)) are both exchange-traded funds - IS3V.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond (EUR Hedged), while GLDA.DE is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, IS3V.DE returned -3.15%/yr vs 17.85%/yr for GLDA.DE. At a 0.24 correlation, their price movements are largely independent. IS3V.DE charges 0.20%/yr vs 0.12%/yr for GLDA.DE.
Performance
IS3V.DE vs. GLDA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3V.DE achieves a 0.22% return, which is significantly higher than GLDA.DE's -6.37% return.
IS3V.DE
- 1D
- 0.22%
- 1M
- -0.66%
- 6M
- -0.22%
- YTD
- 0.22%
- 1Y
- 1.56%
- 3Y*
- 0.74%
- 5Y*
- -3.15%
- 10Y*
- —
GLDA.DE
- 1D
- 0.00%
- 1M
- -6.68%
- 6M
- -11.50%
- YTD
- -6.37%
- 1Y
- 21.75%
- 3Y*
- 25.60%
- 5Y*
- 17.85%
- 10Y*
- —
IS3V.DE vs. GLDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3V.DE iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc | 0.22% | 2.48% | -2.21% | 1.80% | -19.24% | 4.95% | 5.21% |
GLDA.DE Amundi Physical Gold ETC (C) | -6.37% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | -3.67% |
Correlation
The correlation between IS3V.DE and GLDA.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.24 |
The correlation between IS3V.DE and GLDA.DE shifts across timeframes, from 0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3V.DE vs. GLDA.DE — Risk / Return Rank
IS3V.DE
GLDA.DE
IS3V.DE vs. GLDA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) and Amundi Physical Gold ETC (C) (GLDA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3V.DE | GLDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.97 | -0.45 |
| Martin ratioReturn relative to average drawdown | 1.12 | 2.28 | -1.16 |
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Drawdowns
IS3V.DE vs. GLDA.DE - Drawdown Comparison
The maximum IS3V.DE drawdown since its inception was -24.46%, which is greater than GLDA.DE's maximum drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for IS3V.DE and GLDA.DE.
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Drawdown Indicators
| IS3V.DE | GLDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -22.53% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -22.53% | +19.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -22.53% | +17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -22.53% | -1.93% |
Current DrawdownCurrent decline from peak | -18.75% | -22.53% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -6.03% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 9.57% | -8.18% |
Volatility
IS3V.DE vs. GLDA.DE - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) is 1.23%, while Amundi Physical Gold ETC (C) (GLDA.DE) has a volatility of 6.26%. This indicates that IS3V.DE experiences smaller price fluctuations and is considered to be less risky than GLDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3V.DE | GLDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 6.26% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 21.14% | -17.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 24.54% | -19.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 16.45% | -8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 16.12% | -8.79% |
IS3V.DE vs. GLDA.DE - Expense Ratio Comparison
IS3V.DE has a 0.20% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3V.DE vs. GLDA.DE - Dividend Comparison
Neither IS3V.DE nor GLDA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3V.DE and GLDA.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IS3V.DE.
IS3V.DE is categorized as Inflation-Protected Bonds, while GLDA.DE is Gold. IS3V.DE tracks Bloomberg World Government Inflation-Linked Bond (EUR Hedged), while GLDA.DE tracks Gold. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS3V.DE and 0.12% for GLDA.DE.
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