XGLD.L vs. GOOG

Last updated Jun 4, 2026

XGLD.L (Xtrackers Physical Gold ETC) is Precious Metals fund tracking the Gold, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, XGLD.L returned 13.32%/yr vs 25.80%/yr for GOOG. At a 0.01 correlation, their price movements are largely independent.

Performance

XGLD.L vs. GOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Physical Gold ETC (XGLD.L) and Alphabet Inc (GOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGLD.L achieves a 3.08% return, which is significantly lower than GOOG's 13.43% return. Over the past 10 years, XGLD.L has underperformed GOOG with an annualized return of 13.32%, while GOOG has yielded a comparatively higher 25.80% annualized return.

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%

GOOG

• 1D: -0.76%
• 1M: -6.31%
• YTD: 13.43%
• 6M: 11.09%
• 1Y: 112.81%
• 3Y*: 42.00%
• 5Y*: 23.95%
• 10Y*: 25.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGLD.L vs. GOOG - 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%
GOOG Alphabet Inc	13.43%	65.42%	35.62%	58.83%	-38.67%	65.17%	31.03%	29.10%	-1.03%	35.58%

Correlation

The correlation between XGLD.L and GOOG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014	0.01

The correlation between XGLD.L and GOOG shifts across timeframes, from 0.01 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XGLD.L vs. GOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGLD.L

XGLD.L Risk / Return Rank: 35
XGLD.L Sharpe Ratio Rank: 36
XGLD.L Sortino Ratio Rank: 32
XGLD.L Omega Ratio Rank: 37
XGLD.L Calmar Ratio Rank: 36
XGLD.L Martin Ratio Rank: 32

GOOG

GOOG Risk / Return Rank: 96
GOOG Sharpe Ratio Rank: 97
GOOG Sortino Ratio Rank: 98
GOOG Omega Ratio Rank: 96
GOOG Calmar Ratio Rank: 92
GOOG Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGLD.L vs. GOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and Alphabet Inc (GOOG). 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	GOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.30	3.98	-2.68
Sortino ratio: Return per unit of downside risk	1.72	5.35	-3.63
Omega ratio: Gain probability vs. loss probability	1.25	1.64	-0.40
Calmar ratio: Return relative to maximum drawdown	1.78	5.47	-3.69
Martin ratio: Return relative to average drawdown	4.75	19.89	-15.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGLD.L vs. GOOG - Sharpe Ratio Comparison

The current XGLD.L Sharpe Ratio is 1.30, which is lower than the GOOG Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of XGLD.L and GOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XGLD.L	GOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	3.98	-2.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	0.77	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.89	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.82	-0.34

Drawdowns

XGLD.L vs. GOOG - Drawdown Comparison

The maximum XGLD.L drawdown since its inception was -45.19%, roughly equal to the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for XGLD.L and GOOG.

Drawdown Indicators

	XGLD.L	GOOG	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-44.60%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-20.75%	+2.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-29.35%	+11.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-44.60%	+23.54%
Max Drawdown (10Y) Largest decline over 10 years	-21.21%	-44.60%	+23.39%
Current Drawdown Current decline from peak	-16.45%	-10.87%	-5.58%
Average Drawdown Average peak-to-trough decline	-18.99%	-8.89%	-10.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.80%	5.69%	+1.11%

Volatility

XGLD.L vs. GOOG - Volatility Comparison

The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.46%, while Alphabet Inc (GOOG) has a volatility of 8.08%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLD.L	GOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	8.08%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	21.84%	20.16%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	24.82%	28.59%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	31.10%	-13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	28.99%	-13.53%

Dividends

XGLD.L vs. GOOG - Dividend Comparison

XGLD.L has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025	2024
GOOG Alphabet Inc	0.24%	0.26%	0.32%
XGLD.L Xtrackers Physical Gold ETC	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGLD.L and GOOG in my portfolio?

XGLD.L and GOOG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.