ACWV vs. IGLN.L
ACWV (iShares MSCI Global Min Vol Factor ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ACWV returned 7.48%/yr vs 12.45%/yr for IGLN.L. At a 0.11 correlation, their price movements are largely independent. ACWV charges 0.20%/yr vs 0.12%/yr for IGLN.L.
Performance
ACWV vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ACWV achieves a 2.88% return, which is significantly higher than IGLN.L's -2.16% return. Over the past 10 years, ACWV has underperformed IGLN.L with an annualized return of 7.48%, while IGLN.L has yielded a comparatively higher 12.45% annualized return.
ACWV
- 1D
- 0.34%
- 1M
- 0.59%
- YTD
- 2.88%
- 6M
- 2.95%
- 1Y
- 5.56%
- 3Y*
- 9.98%
- 5Y*
- 5.46%
- 10Y*
- 7.48%
IGLN.L
- 1D
- 3.37%
- 1M
- -10.03%
- YTD
- -2.16%
- 6M
- -1.54%
- 1Y
- 23.07%
- 3Y*
- 29.33%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
ACWV vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.88% | 11.04% | 11.38% | 8.23% | -10.36% | 13.97% | 3.04% | 21.04% | -1.42% | 18.57% |
IGLN.L iShares Physical Gold ETC | -2.16% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between ACWV and IGLN.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.11 |
The correlation between ACWV and IGLN.L shifts across timeframes, from 0.11 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ACWV vs. IGLN.L — Risk / Return Rank
ACWV
IGLN.L
ACWV vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) 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.
| ACWV | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.05 | -0.29 |
| Martin ratioReturn relative to average drawdown | 2.31 | 3.27 | -0.96 |
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Drawdowns
ACWV vs. IGLN.L - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum IGLN.L drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for ACWV and IGLN.L.
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Drawdown Indicators
| ACWV | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -45.25% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -23.02% | +16.65% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -23.02% | +15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -23.02% | +4.88% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -23.02% | -5.80% |
Current DrawdownCurrent decline from peak | -2.42% | -20.43% | +18.01% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -19.72% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 7.41% | -5.31% |
Volatility
ACWV vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.18%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.69%. This indicates that ACWV 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
| ACWV | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 7.69% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 22.45% | -16.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 25.45% | -17.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 17.55% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 15.63% | -3.33% |
ACWV vs. IGLN.L - Expense Ratio Comparison
ACWV has a 0.20% expense ratio, which is higher than IGLN.L's 0.12% 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
ACWV vs. IGLN.L - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 2.03%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.03% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ACWV and IGLN.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.20% for ACWV.
ACWV is categorized as Large Cap Blend Equities, while IGLN.L is Gold. ACWV tracks MSCI ACWI Minimum Volatility Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for ACWV and 0.12% for IGLN.L.
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