IUSQ.DE vs. GLD
IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) and GLD (SPDR Gold Shares) are both exchange-traded funds - IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, IUSQ.DE returned 12.55%/yr vs 11.80%/yr for GLD. At a 0.04 correlation, their price movements are largely independent. IUSQ.DE charges 0.20%/yr vs 0.40%/yr for GLD.
Performance
IUSQ.DE vs. GLD - Performance Comparison
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Different Trading Currencies
IUSQ.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, IUSQ.DE achieves a 11.73% return, which is significantly higher than GLD's -0.96% return. Over the past 10 years, IUSQ.DE has outperformed GLD with an annualized return of 12.55%, while GLD has yielded a comparatively lower 11.80% annualized return.
IUSQ.DE
- 1D
- 1.86%
- 1M
- 0.87%
- YTD
- 11.73%
- 6M
- 13.44%
- 1Y
- 26.48%
- 3Y*
- 17.12%
- 5Y*
- 12.02%
- 10Y*
- 12.55%
GLD
- 1D
- 0.14%
- 1M
- -8.72%
- YTD
- -0.96%
- 6M
- -0.80%
- 1Y
- 22.03%
- 3Y*
- 25.93%
- 5Y*
- 18.15%
- 10Y*
- 11.80%
IUSQ.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.73% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
GLD SPDR Gold Shares | -0.96% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Correlation
The correlation between IUSQ.DE and GLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.04 |
The correlation between IUSQ.DE and GLD shifts across timeframes, from 0.03 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUSQ.DE vs. GLD — Risk / Return Rank
IUSQ.DE
GLD
IUSQ.DE vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
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.
| IUSQ.DE | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.20 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.07 | +2.90 |
| Martin ratioReturn relative to average drawdown | 16.29 | 3.09 | +13.20 |
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Drawdowns
IUSQ.DE vs. GLD - Drawdown Comparison
The maximum IUSQ.DE drawdown since its inception was -33.60%, smaller than the maximum GLD drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for IUSQ.DE and GLD.
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Drawdown Indicators
| IUSQ.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -37.47% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -22.53% | +16.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.25% | -22.53% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -22.53% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -22.53% | -11.07% |
Current DrawdownCurrent decline from peak | -1.37% | -20.28% | +18.91% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -12.19% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 7.79% | -6.21% |
Volatility
IUSQ.DE vs. GLD - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) is 3.41%, while SPDR Gold Shares (GLD) has a volatility of 6.93%. This indicates that IUSQ.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUSQ.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 6.93% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 22.61% | -14.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 25.86% | -14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 16.91% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 15.02% | +0.01% |
IUSQ.DE vs. GLD - Expense Ratio Comparison
IUSQ.DE has a 0.20% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
IUSQ.DE vs. GLD - Dividend Comparison
Neither IUSQ.DE nor GLD has paid dividends to shareholders.
Frequently Asked Questions
IUSQ.DE and GLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for GLD.
IUSQ.DE is categorized as Global Equities, while GLD is Gold. IUSQ.DE tracks MSCI All Country World (ACWI), while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IUSQ.DE and 0.40% for GLD.
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