XGLD.L vs. IAUM
XGLD.L (Xtrackers Physical Gold ETC) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - XGLD.L is a Precious Metals fund tracking the Gold, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, XGLD.L returned 30.96%/yr vs 31.53%/yr for IAUM. Their correlation of 0.80 suggests significant overlap in exposure. XGLD.L charges 0.25%/yr vs 0.09%/yr for IAUM.
Performance
XGLD.L vs. IAUM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XGLD.L having a 3.08% return and IAUM slightly lower at 3.00%.
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%
IAUM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.58%
- 1Y
- 32.42%
- 3Y*
- 31.53%
- 5Y*
- —
- 10Y*
- —
XGLD.L vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | 3.08% | 64.60% | 25.87% | 13.37% | -0.24% | 3.15% |
IAUM iShares Gold Trust Micro | 3.00% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between XGLD.L and IAUM is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.80 |
The correlation between XGLD.L and IAUM has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. IAUM — Risk / Return Rank
XGLD.L
IAUM
XGLD.L vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.70 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.75 | 4.22 | +0.53 |
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 | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.24 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | — | — |
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 | 1.16 | -0.68 |
Drawdowns
XGLD.L vs. IAUM - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for XGLD.L and IAUM.
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Drawdown Indicators
| XGLD.L | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -20.87% | -24.32% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -19.15% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -19.15% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | — | — |
Current DrawdownCurrent decline from peak | -16.45% | -17.68% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -5.30% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 7.70% | -0.90% |
Volatility
XGLD.L vs. IAUM - Volatility Comparison
Xtrackers Physical Gold ETC (XGLD.L) has a higher volatility of 6.46% compared to iShares Gold Trust Micro (IAUM) at 5.50%. This indicates that XGLD.L's price experiences larger fluctuations and is considered to be riskier than IAUM 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 | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 5.50% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 22.89% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 26.31% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 17.86% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 17.86% | -2.40% |
XGLD.L vs. IAUM - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is higher than IAUM's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGLD.L vs. IAUM - Dividend Comparison
Neither XGLD.L nor IAUM has paid dividends to shareholders.
Frequently Asked Questions
XGLD.L and IAUM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAUM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.25% for XGLD.L.
XGLD.L is categorized as Precious Metals, while IAUM is Gold. XGLD.L tracks Gold, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGLD.L and 0.09% for IAUM.
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