SPYQ.DE vs. EGLN.L
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SPYQ.DE returned 12.85%/yr vs 19.69%/yr for EGLN.L. At a correlation of -0.01, they often move in opposite directions. SPYQ.DE charges 0.18%/yr vs 0.25%/yr for EGLN.L.
Performance
SPYQ.DE vs. EGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly higher than EGLN.L's 4.83% return.
SPYQ.DE
- 1D
- 0.62%
- 1M
- 0.55%
- YTD
- 8.86%
- 6M
- 11.04%
- 1Y
- 15.68%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
EGLN.L
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- 4.83%
- 6M
- 6.32%
- 1Y
- 30.19%
- 3Y*
- 28.02%
- 5Y*
- 19.69%
- 10Y*
- —
SPYQ.DE vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.62% | 3.36% | -1.73% |
Correlation
The correlation between SPYQ.DE and EGLN.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2016 | -0.01 |
The correlation between SPYQ.DE and EGLN.L shifts across timeframes, from -0.01 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYQ.DE vs. EGLN.L — Risk / Return Rank
SPYQ.DE
EGLN.L
SPYQ.DE vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and iShares Physical Gold ETC (EGLN.L). 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.
| SPYQ.DE | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.80 | -0.61 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.58 | -0.22 |
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
| SPYQ.DE | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.30 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.22 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.95 | -0.35 |
Drawdowns
SPYQ.DE vs. EGLN.L - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than EGLN.L's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and EGLN.L.
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Drawdown Indicators
| SPYQ.DE | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -18.35% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -16.70% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -16.70% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -16.70% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -15.21% | +12.54% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -6.34% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 6.57% | -2.99% |
Volatility
SPYQ.DE vs. EGLN.L - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to iShares Physical Gold ETC (EGLN.L) at 5.42%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 5.42% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 20.15% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 23.14% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 16.17% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 14.38% | +5.22% |
SPYQ.DE vs. EGLN.L - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than EGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYQ.DE vs. EGLN.L - Dividend Comparison
Neither SPYQ.DE nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and EGLN.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for EGLN.L.
SPYQ.DE is categorized as Industrials Equities, while EGLN.L is Gold. SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYQ.DE and 0.25% for EGLN.L.
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