XGLD.L vs. EGLN.L
XGLD.L (Xtrackers Physical Gold ETC) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - XGLD.L is a Precious Metals fund tracking the Gold, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, XGLD.L returned 18.31%/yr vs 18.44%/yr for EGLN.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
XGLD.L vs. EGLN.L - Performance Comparison
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Different Trading Currencies
XGLD.L is traded in USD, while EGLN.L is traded in EUR. To make them comparable, the EGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XGLD.L having a 3.08% return and EGLN.L slightly lower at 3.01%.
XGLD.L
- 1D
- -1.36%
- 1M
- -4.18%
- YTD
- 3.08%
- 6M
- 5.21%
- 1Y
- 32.33%
- 3Y*
- 30.96%
- 5Y*
- 18.31%
- 10Y*
- 13.32%
EGLN.L
- 1D
- -1.45%
- 1M
- -3.87%
- YTD
- 3.01%
- 6M
- 5.01%
- 1Y
- 32.44%
- 3Y*
- 31.19%
- 5Y*
- 18.44%
- 10Y*
- —
XGLD.L vs. EGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | 3.08% | 64.60% | 25.87% | 13.37% | -0.24% | -4.19% | 24.11% | 18.35% | -1.36% | 11.68% |
EGLN.L iShares Physical Gold ETC | 3.01% | 65.63% | 26.01% | 12.82% | -0.37% | -3.23% | 23.75% | 18.27% | -1.46% | 12.17% |
Correlation
The correlation between XGLD.L and EGLN.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2016 | 0.93 |
The correlation between XGLD.L and EGLN.L has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. EGLN.L — Risk / Return Rank
XGLD.L
EGLN.L
XGLD.L vs. EGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.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.
| XGLD.L | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.87 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.75 | 4.83 | -0.09 |
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
| XGLD.L | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.33 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 1.06 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.93 | -0.45 |
Drawdowns
XGLD.L vs. EGLN.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, which is greater than EGLN.L's maximum drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for XGLD.L and EGLN.L.
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Drawdown Indicators
| XGLD.L | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -21.33% | -23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -17.28% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -17.28% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -21.26% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | — | — |
Current DrawdownCurrent decline from peak | -16.45% | -16.28% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -5.98% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 6.69% | +0.11% |
Volatility
XGLD.L vs. EGLN.L - Volatility Comparison
Xtrackers Physical Gold ETC (XGLD.L) has a higher volatility of 6.46% compared to iShares Physical Gold ETC (EGLN.L) at 5.98%. This indicates that XGLD.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
| XGLD.L | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 5.98% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 20.95% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 24.26% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 17.44% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 15.64% | -0.18% |
XGLD.L vs. EGLN.L - Expense Ratio Comparison
Both XGLD.L and EGLN.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGLD.L vs. EGLN.L - Dividend Comparison
Neither XGLD.L nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, XGLD.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGLD.L and EGLN.L have the same expense ratio: 0.25% per year.
XGLD.L is categorized as Precious Metals, while EGLN.L is Gold. XGLD.L tracks Gold, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: Xtrackers and iShares.
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