XGLD.L vs. SPGP.L
XGLD.L (Xtrackers Physical Gold ETC) and SPGP.L (iShares Gold Producers UCITS ETF) are both Precious Metals funds - XGLD.L tracks the Gold while SPGP.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 10 years, XGLD.L returned 13.32%/yr vs 14.28%/yr for SPGP.L. A 0.76 correlation means they provide meaningful diversification when combined. XGLD.L charges 0.25%/yr vs 0.55%/yr for SPGP.L.
Performance
XGLD.L vs. SPGP.L - Performance Comparison
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Different Trading Currencies
XGLD.L is traded in USD, while SPGP.L is traded in GBp. To make them comparable, the SPGP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGLD.L achieves a 3.08% return, which is significantly higher than SPGP.L's 0.59% return. Over the past 10 years, XGLD.L has underperformed SPGP.L with an annualized return of 13.32%, while SPGP.L has yielded a comparatively higher 14.28% 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%
SPGP.L
- 1D
- -2.13%
- 1M
- -1.70%
- YTD
- 0.59%
- 6M
- 6.25%
- 1Y
- 62.99%
- 3Y*
- 41.59%
- 5Y*
- 18.51%
- 10Y*
- 14.28%
XGLD.L vs. SPGP.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% |
SPGP.L iShares Gold Producers UCITS ETF | 0.59% | 155.33% | 10.93% | 9.19% | -11.09% | -9.98% | 23.09% | 46.66% | -9.78% | 6.45% |
Correlation
The correlation between XGLD.L and SPGP.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2011 | 0.76 |
The correlation between XGLD.L and SPGP.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
XGLD.L vs. SPGP.L — Risk / Return Rank
XGLD.L
SPGP.L
XGLD.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and iShares Gold Producers UCITS ETF (SPGP.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 | SPGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.21 | -0.43 |
| Martin ratioReturn relative to average drawdown | 4.75 | 5.66 | -0.91 |
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 | SPGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.49 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.54 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.42 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.08 | +0.40 |
Drawdowns
XGLD.L vs. SPGP.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, smaller than the maximum SPGP.L drawdown of -79.86%. Use the drawdown chart below to compare losses from any high point for XGLD.L and SPGP.L.
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Drawdown Indicators
| XGLD.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -79.86% | +34.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -28.41% | +10.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -28.41% | +10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -45.86% | +24.80% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -51.86% | +30.65% |
Current DrawdownCurrent decline from peak | -16.45% | -24.81% | +8.36% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -48.78% | +29.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 11.10% | -4.30% |
Volatility
XGLD.L vs. SPGP.L - Volatility Comparison
The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.46%, while iShares Gold Producers UCITS ETF (SPGP.L) has a volatility of 13.92%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than SPGP.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 | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 13.92% | -7.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 33.75% | -11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 42.08% | -17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 34.49% | -17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 34.06% | -18.60% |
XGLD.L vs. SPGP.L - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Dividends
XGLD.L vs. SPGP.L - Dividend Comparison
Neither XGLD.L nor SPGP.L has paid dividends to shareholders.
Frequently Asked Questions
XGLD.L and SPGP.L have a correlation of 0.80, 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 0.55% for SPGP.L.
XGLD.L tracks Gold, while SPGP.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGLD.L and 0.55% for SPGP.L.
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