XGLD.L vs. GLDI.L
XGLD.L (Xtrackers Physical Gold ETC) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - XGLD.L is a Gold fund tracking the Gold, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. XGLD.L is passively managed, while GLDI.L is actively managed. Over the past year, XGLD.L returned 21.12% vs 10.52% for GLDI.L. Their correlation of 0.86 suggests significant overlap in exposure. XGLD.L charges 0.25%/yr vs 0.35%/yr for GLDI.L.
Performance
XGLD.L vs. GLDI.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGLD.L achieves a -6.12% return, which is significantly higher than GLDI.L's -11.36% return.
XGLD.L
- 1D
- -0.88%
- 1M
- -7.03%
- 6M
- -12.51%
- YTD
- -6.12%
- 1Y
- 21.12%
- 3Y*
- 27.05%
- 5Y*
- 17.15%
- 10Y*
- 11.49%
GLDI.L
- 1D
- 0.00%
- 1M
- -4.70%
- 6M
- -17.58%
- YTD
- -11.36%
- 1Y
- 10.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XGLD.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | -6.12% | 64.60% | 7.31% |
GLDI.L IncomeShares Gold+ Yield ETP | -11.36% | 56.02% | 2.95% |
Correlation
The correlation between XGLD.L and GLDI.L is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.86 |
The correlation between XGLD.L and GLDI.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. GLDI.L — Risk / Return Rank
XGLD.L
GLDI.L
XGLD.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
| XGLD.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.43 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.08 | 0.99 | +1.09 |
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Drawdowns
XGLD.L vs. GLDI.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.34%, which is greater than GLDI.L's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for XGLD.L and GLDI.L.
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Drawdown Indicators
| XGLD.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.34% | -24.40% | -20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -24.53% | -24.40% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -24.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.53% | — | — |
Current DrawdownCurrent decline from peak | -23.91% | -23.56% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -4.98% | -13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 10.56% | -0.44% |
Volatility
XGLD.L vs. GLDI.L - Volatility Comparison
Xtrackers Physical Gold ETC (XGLD.L) has a higher volatility of 7.34% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 6.38%. This indicates that XGLD.L's price experiences larger fluctuations and is considered to be riskier than GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 6.38% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 19.63% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 22.88% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 19.40% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 19.40% | -3.75% |
XGLD.L vs. GLDI.L - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is lower than GLDI.L's 0.35% expense ratio.
Dividends
XGLD.L vs. GLDI.L - Dividend Comparison
XGLD.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 7.22%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 7.22% | 6.28% | 0.50% |
XGLD.L Xtrackers Physical Gold ETC | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLD.L and GLDI.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGLD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLD.L is cheaper with a 0.25% expense ratio, compared with 0.35% for GLDI.L.
XGLD.L is categorized as Gold, while GLDI.L is Derivative Income. They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.25% for XGLD.L and 0.35% for GLDI.L.
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