SPGP.L vs. XIEE.DE
SPGP.L (iShares Gold Producers UCITS ETF) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both exchange-traded funds - SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, SPGP.L returned 13.80%/yr vs 10.94%/yr for XIEE.DE. At a 0.16 correlation, their price movements are largely independent. SPGP.L charges 0.55%/yr vs 0.12%/yr for XIEE.DE.
Performance
SPGP.L vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
SPGP.L is traded in GBp, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPGP.L achieves a -5.80% return, which is significantly lower than XIEE.DE's 8.13% return. Over the past 10 years, SPGP.L has outperformed XIEE.DE with an annualized return of 13.80%, while XIEE.DE has yielded a comparatively lower 10.94% annualized return.
SPGP.L
- 1D
- 5.49%
- 1M
- -16.05%
- YTD
- -5.80%
- 6M
- -4.88%
- 1Y
- 52.23%
- 3Y*
- 36.39%
- 5Y*
- 18.46%
- 10Y*
- 13.80%
XIEE.DE
- 1D
- 1.82%
- 1M
- 4.58%
- YTD
- 8.13%
- 6M
- 9.15%
- 1Y
- 19.90%
- 3Y*
- 14.32%
- 5Y*
- 10.17%
- 10Y*
- 10.94%
SPGP.L vs. XIEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | -5.80% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -2.80% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 8.13% | 26.59% | 3.37% | 13.41% | -4.17% | 16.14% | 2.33% | 21.17% | -9.73% | 14.91% |
Correlation
The correlation between SPGP.L and XIEE.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.16 |
The correlation between SPGP.L and XIEE.DE shifts across timeframes, from 0.16 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPGP.L vs. XIEE.DE — Risk / Return Rank
SPGP.L
XIEE.DE
SPGP.L vs. XIEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) and Xtrackers MSCI Europe UCITS ETF (XIEE.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.
| SPGP.L | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.82 | -0.28 |
| Martin ratioReturn relative to average drawdown | 4.40 | 7.04 | -2.64 |
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Drawdowns
SPGP.L vs. XIEE.DE - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -86.56%, which is greater than XIEE.DE's maximum drawdown of -28.00%. Use the drawdown chart below to compare losses from any high point for SPGP.L and XIEE.DE.
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Drawdown Indicators
| SPGP.L | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.56% | -28.00% | -58.56% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -10.87% | -22.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.69% | -13.81% | -19.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -15.92% | -18.89% |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | -28.00% | -15.71% |
Current DrawdownCurrent decline from peak | -29.46% | 0.00% | -29.46% |
Average DrawdownAverage peak-to-trough decline | -60.25% | -5.73% | -54.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 2.82% | +8.99% |
Volatility
SPGP.L vs. XIEE.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 13.22% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 3.82%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than XIEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.22% | 3.82% | +9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 33.40% | 11.68% | +21.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.37% | 13.47% | +27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 14.20% | +20.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 17.38% | +16.57% |
SPGP.L vs. XIEE.DE - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio.
Dividends
SPGP.L vs. XIEE.DE - Dividend Comparison
SPGP.L has not paid dividends to shareholders, while XIEE.DE's dividend yield for the trailing twelve months is around 2.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
SPGP.L and XIEE.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for SPGP.L.
SPGP.L is categorized as Precious Metals, while XIEE.DE is Europe Equities. SPGP.L tracks EMIX Global Mining Global Gold TR USD, while XIEE.DE tracks MSCI Europe. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.55% for SPGP.L and 0.12% for XIEE.DE.
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