SXRS.DE vs. IAU
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 18.93%/yr for IAU. At a 0.25 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.25%/yr for IAU.
Performance
SXRS.DE vs. IAU - Performance Comparison
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Different Trading Currencies
SXRS.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than IAU's 2.02% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
IAU
- 1D
- -2.86%
- 1M
- -6.20%
- YTD
- 2.02%
- 6M
- 3.70%
- 1Y
- 27.48%
- 3Y*
- 26.55%
- 5Y*
- 18.93%
- 10Y*
- 12.81%
SXRS.DE vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
IAU iShares Gold Trust | 2.02% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.78% |
Correlation
The correlation between SXRS.DE and IAU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.25 |
The correlation between SXRS.DE and IAU shifts across timeframes, from 0.18 (1 year) to 0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. IAU — Risk / Return Rank
SXRS.DE
IAU
SXRS.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and iShares Gold Trust (IAU). 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.
| SXRS.DE | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.54 | +2.46 |
| Martin ratioReturn relative to average drawdown | 8.95 | 3.81 | +5.14 |
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
| SXRS.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.10 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.14 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.65 | -0.12 |
Drawdowns
SXRS.DE vs. IAU - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum IAU drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and IAU.
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Drawdown Indicators
| SXRS.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -37.42% | +9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -17.90% | +9.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -17.90% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -17.90% | -9.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -4.99% | -17.90% | +12.91% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -12.02% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 7.24% | -3.32% |
Volatility
SXRS.DE vs. IAU - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to iShares Gold Trust (IAU) at 4.62%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.62% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 21.86% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 25.16% | -6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.68% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 14.89% | +0.96% |
SXRS.DE vs. IAU - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than IAU'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
SXRS.DE vs. IAU - Dividend Comparison
Neither SXRS.DE nor IAU has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and IAU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for IAU.
SXRS.DE is categorized as Commodities, while IAU is Gold. SXRS.DE tracks Bloomberg Commodity, while IAU tracks LBMA Gold Price. Their fees differ too: 0.19% for SXRS.DE and 0.25% for IAU.
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