XGDG.L vs. EGLN.L
XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - XGDG.L is a Precious Metals fund tracking the Gold (GBP Hedged), while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XGDG.L returned 16.88%/yr vs 19.71%/yr for EGLN.L. A 0.80 correlation means they provide meaningful diversification when combined. XGDG.L charges 0.28%/yr vs 0.25%/yr for EGLN.L.
Performance
XGDG.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
XGDG.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, XGDG.L achieves a 2.36% return, which is significantly lower than EGLN.L's 3.39% return.
XGDG.L
- 1D
- -1.44%
- 1M
- -4.35%
- YTD
- 2.36%
- 6M
- 4.37%
- 1Y
- 30.94%
- 3Y*
- 29.69%
- 5Y*
- 16.88%
- 10Y*
- —
EGLN.L
- 1D
- -1.19%
- 1M
- -2.79%
- YTD
- 3.39%
- 6M
- 4.46%
- 1Y
- 33.36%
- 3Y*
- 27.95%
- 5Y*
- 19.71%
- 10Y*
- —
XGDG.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | 2.36% | 63.15% | 25.16% | 11.50% | -1.40% | -5.50% | 6.91% |
EGLN.L iShares Physical Gold ETC | 3.39% | 53.83% | 28.21% | 7.18% | 11.48% | -2.31% | -3.15% |
Correlation
The correlation between XGDG.L and EGLN.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 26, 2020 | 0.80 |
The correlation between XGDG.L and EGLN.L shifts across timeframes, from 0.80 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGDG.L vs. EGLN.L — Risk / Return Rank
XGDG.L
EGLN.L
XGDG.L vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.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.
| XGDG.L | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.91 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.46 | 5.10 | -0.64 |
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
| XGDG.L | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.43 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.21 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.91 | -0.04 |
Drawdowns
XGDG.L vs. EGLN.L - Drawdown Comparison
The maximum XGDG.L drawdown since its inception was -23.31%, roughly equal to the maximum EGLN.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for XGDG.L and EGLN.L.
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Drawdown Indicators
| XGDG.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -22.58% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -17.43% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -17.43% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -17.43% | -4.47% |
Current DrawdownCurrent decline from peak | -16.82% | -16.40% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -6.05% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 6.53% | +0.39% |
Volatility
XGDG.L vs. EGLN.L - Volatility Comparison
Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) has a higher volatility of 6.36% compared to iShares Physical Gold ETC (EGLN.L) at 5.53%. This indicates that XGDG.L'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
| XGDG.L | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 5.53% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.32% | 20.07% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.25% | 23.22% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.35% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 15.11% | +2.19% |
XGDG.L vs. EGLN.L - Expense Ratio Comparison
XGDG.L has a 0.28% expense ratio, which is higher than EGLN.L's 0.25% expense ratio.
Dividends
XGDG.L vs. EGLN.L - Dividend Comparison
Neither XGDG.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XGDG.L and EGLN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGLN.L is cheaper with a 0.25% expense ratio, compared with 0.28% for XGDG.L.
XGDG.L is categorized as Precious Metals, while EGLN.L is Gold. XGDG.L tracks Gold (GBP Hedged), while EGLN.L tracks LBMA Gold Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.28% for XGDG.L and 0.25% for EGLN.L.
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