XGDU.DE vs. SGLD.L
XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and SGLD.L (Invesco Physical Gold ETC) are both Gold funds - XGDU.DE tracks the Gold while SGLD.L tracks the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, XGDU.DE returned 18.72%/yr vs 18.72%/yr for SGLD.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
XGDU.DE vs. SGLD.L - Performance Comparison
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Different Trading Currencies
XGDU.DE is traded in EUR, while SGLD.L is traded in USD. To make them comparable, the SGLD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDU.DE achieves a -5.61% return, which is significantly lower than SGLD.L's -3.56% return.
XGDU.DE
- 1D
- 0.13%
- 1M
- -8.80%
- YTD
- -5.61%
- 6M
- -6.76%
- 1Y
- 23.53%
- 3Y*
- 25.91%
- 5Y*
- 18.72%
- 10Y*
- —
SGLD.L
- 1D
- 0.30%
- 1M
- -8.64%
- YTD
- -3.56%
- 6M
- -7.26%
- 1Y
- 23.99%
- 3Y*
- 25.92%
- 5Y*
- 18.72%
- 10Y*
- 11.23%
XGDU.DE vs. SGLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.DE Xtrackers IE Physical Gold ETC Securities | -5.61% | 49.09% | 34.21% | 9.43% | 6.99% | 3.80% | -10.64% |
SGLD.L Invesco Physical Gold ETC | -3.56% | 45.31% | 34.56% | 9.96% | 6.11% | 3.10% | -0.06% |
Correlation
The correlation between XGDU.DE and SGLD.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020 | 0.89 |
The correlation between XGDU.DE and SGLD.L has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
XGDU.DE vs. SGLD.L — Risk / Return Rank
XGDU.DE
SGLD.L
XGDU.DE vs. SGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and Invesco Physical Gold ETC (SGLD.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.
| XGDU.DE | SGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.07 | -0.01 |
| Martin ratioReturn relative to average drawdown | 2.47 | 3.01 | -0.54 |
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Drawdowns
XGDU.DE vs. SGLD.L - Drawdown Comparison
The maximum XGDU.DE drawdown since its inception was -22.01%, smaller than the maximum SGLD.L drawdown of -36.98%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and SGLD.L.
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Drawdown Indicators
| XGDU.DE | SGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.01% | -36.98% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -22.01% | -22.27% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.01% | -22.27% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -22.27% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.27% | — |
Current DrawdownCurrent decline from peak | -21.91% | -21.91% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -12.20% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.49% | 7.94% | +1.55% |
Volatility
XGDU.DE vs. SGLD.L - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) is 8.00%, while Invesco Physical Gold ETC (SGLD.L) has a volatility of 8.83%. This indicates that XGDU.DE experiences smaller price fluctuations and is considered to be less risky than SGLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.DE | SGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 8.83% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 22.47% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.53% | 25.19% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 16.96% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 15.10% | +3.66% |
XGDU.DE vs. SGLD.L - Expense Ratio Comparison
Both XGDU.DE and SGLD.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGDU.DE vs. SGLD.L - Dividend Comparison
Neither XGDU.DE nor SGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XGDU.DE and SGLD.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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE and SGLD.L have the same expense ratio: 0.12% per year.
XGDU.DE tracks Gold, while SGLD.L tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and Invesco.
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