VEUA.L vs. EGLN.L
VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, VEUA.L returned 10.11%/yr vs 18.61%/yr for EGLN.L. At a 0.06 correlation, their price movements are largely independent. VEUA.L charges 0.10%/yr vs 0.25%/yr for EGLN.L.
Performance
VEUA.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
VEUA.L is traded in GBP, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEUA.L achieves a 7.77% return, which is significantly higher than EGLN.L's -1.77% return.
VEUA.L
- 1D
- 1.65%
- 1M
- 3.69%
- YTD
- 7.77%
- 6M
- 9.55%
- 1Y
- 19.76%
- 3Y*
- 14.57%
- 5Y*
- 10.11%
- 10Y*
- —
EGLN.L
- 1D
- 2.82%
- 1M
- -9.49%
- YTD
- -1.77%
- 6M
- -1.90%
- 1Y
- 26.13%
- 3Y*
- 26.63%
- 5Y*
- 18.61%
- 10Y*
- 11.70%
VEUA.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.77% | 26.07% | 4.49% | 13.46% | -4.21% | 16.83% | 3.08% | -9.21% |
EGLN.L iShares Physical Gold ETC | -1.77% | 53.83% | 28.21% | 7.18% | 11.48% | -2.31% | 20.11% | 0.29% |
Correlation
The correlation between VEUA.L and EGLN.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.06 |
The correlation between VEUA.L and EGLN.L shifts across timeframes, from 0.05 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEUA.L vs. EGLN.L — Risk / Return Rank
VEUA.L
EGLN.L
VEUA.L vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) 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.
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.
| VEUA.L | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.14 | +0.72 |
| Martin ratioReturn relative to average drawdown | 6.63 | 3.57 | +3.06 |
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Drawdowns
VEUA.L vs. EGLN.L - Drawdown Comparison
The maximum VEUA.L drawdown since its inception was -33.39%, smaller than the maximum EGLN.L drawdown of -55.69%. Use the drawdown chart below to compare losses from any high point for VEUA.L and EGLN.L.
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Drawdown Indicators
| VEUA.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.39% | -55.69% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -22.75% | +12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.63% | -22.75% | +10.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -22.75% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.83% | — |
Current DrawdownCurrent decline from peak | -0.30% | -20.58% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -24.76% | +18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 7.30% | -4.33% |
Volatility
VEUA.L vs. EGLN.L - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) is 3.55%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 6.87%. This indicates that VEUA.L experiences smaller price fluctuations and is considered to be less risky 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
| VEUA.L | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 6.87% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 20.75% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 23.83% | -11.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 17.43% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 17.13% | +0.54% |
VEUA.L vs. EGLN.L - Expense Ratio Comparison
VEUA.L has a 0.10% 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
VEUA.L vs. EGLN.L - Dividend Comparison
Neither VEUA.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
VEUA.L and EGLN.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.25% for EGLN.L.
VEUA.L is categorized as Europe Equities, while EGLN.L is Gold. VEUA.L tracks MSCI Europe NR EUR, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUA.L and 0.25% for EGLN.L.
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