0FLE.L vs. IGLN.L
0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, 0FLE.L returned 2.60%/yr vs 17.97%/yr for IGLN.L. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
0FLE.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
0FLE.L is traded in EUR, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0FLE.L achieves a 2.21% return, which is significantly higher than IGLN.L's -3.88% return.
0FLE.L
- 1D
- 0.54%
- 1M
- 1.01%
- 6M
- 1.97%
- YTD
- 2.21%
- 1Y
- 3.40%
- 3Y*
- 3.94%
- 5Y*
- 2.60%
- 10Y*
- —
IGLN.L
- 1D
- -1.29%
- 1M
- -6.06%
- 6M
- -11.12%
- YTD
- -3.88%
- 1Y
- 22.83%
- 3Y*
- 26.31%
- 5Y*
- 17.97%
- 10Y*
- 11.15%
0FLE.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 2.21% | 2.69% | 4.89% | 4.20% | -0.49% | -0.51% | -1.77% | 2.79% | -1.65% | -0.04% |
IGLN.L iShares Physical Gold ETC | -3.88% | 45.35% | 34.46% | 10.04% | 6.10% | 3.15% | 13.92% | 20.97% | 3.30% | -0.34% |
Correlation
The correlation between 0FLE.L and IGLN.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2017 | 0.01 |
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Return for Risk
0FLE.L vs. IGLN.L — Risk / Return Rank
0FLE.L
IGLN.L
0FLE.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) and iShares Physical Gold ETC (IGLN.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.
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.
| 0FLE.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.18 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 1.02 | +3.80 |
| Martin ratioReturn relative to average drawdown | 13.29 | 2.43 | +10.87 |
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Drawdowns
0FLE.L vs. IGLN.L - Drawdown Comparison
The maximum 0FLE.L drawdown since its inception was -3.91%, smaller than the maximum IGLN.L drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for 0FLE.L and IGLN.L.
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Drawdown Indicators
| 0FLE.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.91% | -36.94% | +33.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.71% | -22.40% | +21.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -22.40% | +19.54% |
Max Drawdown (5Y)Largest decline over 5 years | -2.86% | -22.40% | +19.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.40% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.20% | +22.20% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -13.22% | +11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 9.39% | -9.13% |
Volatility
0FLE.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) is 1.57%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.55%. This indicates that 0FLE.L experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0FLE.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 7.55% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 22.43% | -20.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 25.62% | -22.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 17.16% | -13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 15.20% | -12.13% |
0FLE.L vs. IGLN.L - Expense Ratio Comparison
Both 0FLE.L and IGLN.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
0FLE.L vs. IGLN.L - Dividend Comparison
0FLE.L's dividend yield for the trailing twelve months is around 4.69%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0FLE.L and IGLN.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
0FLE.L and IGLN.L have the same expense ratio: 0.12% per year.
0FLE.L is categorized as Ultrashort Bond, while IGLN.L is Gold. 0FLE.L tracks Bloomberg US Floating Rate Note<5 Years Index, while IGLN.L tracks LBMA Gold Price.
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