XGLS.L vs. GLDA.L
XGLS.L (Xtrackers Physical Gold GBP Hedged ETC) and GLDA.L (Amundi Physical Gold ETC (C)) are both Precious Metals funds - XGLS.L tracks the Gold (GBP Hedged) while GLDA.L tracks the Gold. Both are passively managed. Over the past 5 years, XGLS.L returned 17.04%/yr vs 20.09%/yr for GLDA.L. A 0.69 correlation means they provide meaningful diversification when combined. XGLS.L charges 0.69%/yr vs 0.12%/yr for GLDA.L.
Performance
XGLS.L vs. GLDA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XGLS.L achieves a 2.92% return, which is significantly lower than GLDA.L's 3.93% return.
XGLS.L
- 1D
- 0.61%
- 1M
- -2.45%
- YTD
- 2.92%
- 6M
- 5.12%
- 1Y
- 30.57%
- 3Y*
- 29.95%
- 5Y*
- 17.04%
- 10Y*
- 11.70%
GLDA.L
- 1D
- 0.72%
- 1M
- -1.41%
- YTD
- 3.93%
- 6M
- 5.34%
- 1Y
- 33.65%
- 3Y*
- 28.01%
- 5Y*
- 20.09%
- 10Y*
- —
XGLS.L vs. GLDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGLS.L Xtrackers Physical Gold GBP Hedged ETC | 2.92% | 63.07% | 24.85% | 11.63% | -1.63% | -4.91% | 8.46% |
GLDA.L Amundi Physical Gold ETC (C) | 3.93% | 53.56% | 28.19% | 7.26% | 12.68% | -3.12% | -2.69% |
Correlation
The correlation between XGLS.L and GLDA.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.69 |
Over the past year, XGLS.L and GLDA.L have become more correlated (0.93) than their long-term average of 0.69, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGLS.L vs. GLDA.L — Risk / Return Rank
XGLS.L
GLDA.L
XGLS.L vs. GLDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold GBP Hedged ETC (XGLS.L) and Amundi Physical Gold ETC (C) (GLDA.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.
| XGLS.L | GLDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.87 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.36 | 5.03 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XGLS.L | GLDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.43 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.41 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.07 | -0.71 |
Drawdowns
XGLS.L vs. GLDA.L - Drawdown Comparison
The maximum XGLS.L drawdown since its inception was -46.55%, which is greater than GLDA.L's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for XGLS.L and GLDA.L.
Loading charts...
Drawdown Indicators
| XGLS.L | GLDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -21.57% | -24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -17.90% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -17.90% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -17.90% | -3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -16.29% | -16.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -23.37% | -5.40% | -17.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 6.67% | +0.32% |
Volatility
XGLS.L vs. GLDA.L - Volatility Comparison
Xtrackers Physical Gold GBP Hedged ETC (XGLS.L) has a higher volatility of 6.37% compared to Amundi Physical Gold ETC (C) (GLDA.L) at 5.20%. This indicates that XGLS.L's price experiences larger fluctuations and is considered to be riskier than GLDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XGLS.L | GLDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 5.20% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 21.81% | 20.39% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 23.46% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 17.65% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 18.02% | -2.50% |
XGLS.L vs. GLDA.L - Expense Ratio Comparison
XGLS.L has a 0.69% expense ratio, which is higher than GLDA.L's 0.12% expense ratio.
Dividends
XGLS.L vs. GLDA.L - Dividend Comparison
Neither XGLS.L nor GLDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XGLS.L and GLDA.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.
On fees, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.69% for XGLS.L.
XGLS.L tracks Gold (GBP Hedged), while GLDA.L tracks Gold. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.69% for XGLS.L and 0.12% for GLDA.L.
Find the right allocation for XGLS.L and GLDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer