- Issuer
- iShares
- Inception Date
- Feb 23, 2024
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
IMGP.L Performance Chart
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) is up 0.2% since the beginning of the year. IMGP.L is currently trading at £5 per share.
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Returns By Period
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) has returned 0.24% so far this year and 5.40% over the past 12 months.
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)
- 1D
- 0.20%
- 1M
- -0.35%
- 6M
- -0.35%
- YTD
- 0.24%
- 1Y
- 5.40%
- 3Y*
- 3.56%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
IMGP.L Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2022, IMGP.L's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Oct 2024 at -2.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IMGP.L closed higher 40% of trading days. The best single day was Dec 14, 2023 with a return of +2.1%, while the worst single day was Apr 11, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 1.57% | -1.74% | 0.39% | 0.00% | 0.45% | -0.60% | 0.24% | |||||
| 2025 | 0.82% | 2.03% | 0.00% | 0.20% | -0.99% | 1.73% | -0.20% | 1.41% | 1.19% | 0.78% | 0.58% | 0.27% | 8.06% |
| 2024 | -0.20% | -1.80% | 1.02% | -2.82% | 1.66% | 1.49% | 1.64% | 2.41% | 0.79% | -2.92% | 1.41% | -1.62% | 0.85% |
| 2023 | 2.39% | -2.72% | 1.80% | 0.59% | -1.17% | -0.29% | 0.00% | -1.00% | -2.84% | -2.51% | 4.93% | 3.96% | 2.81% |
| 2022 | -0.81% | 3.29% | 0.38% | 2.83% |
Benchmark Metrics
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) has an annualized alpha of 5.44%, beta of -0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 07, 2022.
- This ETF participated in 24.22% of S&P 500 Index downside but only 22.78% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.06 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.44%
- Beta
- -0.06
- R²
- 0.02
- Upside Capture
- 22.78%
- Downside Capture
- 24.22%
Return for Risk
Risk / Return Rank
IMGP.L ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and compare them to S&P 500 Index.
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.
| IMGP.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.50 | -0.76 |
| Martin ratioReturn relative to average drawdown | 5.37 | 9.11 | -3.74 |
Dividends
Dividend History
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) provided a 3.71% dividend yield over the last twelve months, with an annual payout of £0.19 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | £0.19 | £0.18 | £0.17 | £0.16 | £0.02 |
Dividend yield | 3.71% | 3.50% | 3.55% | 3.15% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.09 | £0.00 | £0.09 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.09 | £0.18 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.09 | £0.17 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.16 |
| 2022 | £0.02 | £0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) was 9.76%, occurring on Oct 20, 2023. Recovery took 196 trading sessions.
The current iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) drawdown is 1.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-9.76%Oct 2023 | 8mo 19d | 9mo 16d | 1y 6moFeb 2023 - Aug 2024 | — |
-5.48%Jan 2025 | 4mo 3d | 2mo 21d | 6mo 24dSep 2024 - Apr 2025 | — |
-4.13%Apr 2025 | 4d | 3mo 25d | 3mo 29dApr 2025 - Aug 2025 | 2025 selloff2025 |
-3.09%May 2026 | 3mo 1d | — | 4mo 29dFeb 2026 - now | — |
-2.85%Oct 2022 | 9d | 20d | 29dOct 2022 - Nov 2022 | Bear market2022 |
Drawdown Indicators
| IMGP.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -37.07% | +27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -8.03% | +4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -22.15% | +14.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.42% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -5.29% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.20% | -1.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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