BRIC.AS vs. IGLO.L
BRIC.AS (iShares BIC 50 UCITS ETF) and IGLO.L (iShares Global Government Bond UCITS) are both exchange-traded funds - BRIC.AS is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index, while IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 10 years, BRIC.AS returned 2.05%/yr vs -1.30%/yr for IGLO.L. At a correlation of -0.08, they often move in opposite directions. BRIC.AS charges 0.74%/yr vs 0.20%/yr for IGLO.L.
Performance
BRIC.AS vs. IGLO.L - Performance Comparison
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Different Trading Currencies
BRIC.AS is traded in EUR, while IGLO.L is traded in USD. To make them comparable, the IGLO.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BRIC.AS achieves a -16.10% return, which is significantly lower than IGLO.L's 1.64% return. Over the past 10 years, BRIC.AS has outperformed IGLO.L with an annualized return of 2.05%, while IGLO.L has yielded a comparatively lower -1.30% annualized return.
BRIC.AS
- 1D
- -2.87%
- 1M
- -9.79%
- YTD
- -16.10%
- 6M
- -16.03%
- 1Y
- -11.96%
- 3Y*
- 3.10%
- 5Y*
- -9.03%
- 10Y*
- 2.05%
IGLO.L
- 1D
- 0.12%
- 1M
- 2.49%
- YTD
- 1.64%
- 6M
- 1.90%
- 1Y
- 1.74%
- 3Y*
- -0.11%
- 5Y*
- -2.25%
- 10Y*
- -1.30%
BRIC.AS vs. IGLO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | -16.10% | 15.29% | 19.91% | -10.17% | -24.74% | -17.47% | 9.83% | 24.15% | -4.06% | 20.26% |
IGLO.L iShares Global Government Bond UCITS | 1.64% | -5.57% | 2.71% | 0.88% | -12.59% | 0.08% | 0.36% | 7.92% | 4.38% | -6.92% |
Correlation
The correlation between BRIC.AS and IGLO.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2009 | -0.08 |
The correlation between BRIC.AS and IGLO.L shifts across timeframes, from -0.08 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BRIC.AS vs. IGLO.L — Risk / Return Rank
BRIC.AS
IGLO.L
BRIC.AS vs. IGLO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (BRIC.AS) and iShares Global Government Bond UCITS (IGLO.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.
| BRIC.AS | IGLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.05 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.48 | -0.97 |
| Martin ratioReturn relative to average drawdown | -1.21 | 1.03 | -2.23 |
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Drawdowns
BRIC.AS vs. IGLO.L - Drawdown Comparison
The maximum BRIC.AS drawdown since its inception was -73.80%, which is greater than IGLO.L's maximum drawdown of -21.92%. Use the drawdown chart below to compare losses from any high point for BRIC.AS and IGLO.L.
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Drawdown Indicators
| BRIC.AS | IGLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -21.92% | -51.88% |
Max Drawdown (1Y)Largest decline over 1 year | -24.22% | -3.63% | -20.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.22% | -9.39% | -14.83% |
Max Drawdown (5Y)Largest decline over 5 years | -52.42% | -18.12% | -34.30% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | -21.92% | -36.66% |
Current DrawdownCurrent decline from peak | -46.01% | -18.96% | -27.05% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -9.41% | -25.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 1.68% | +8.18% |
Volatility
BRIC.AS vs. IGLO.L - Volatility Comparison
iShares BIC 50 UCITS ETF (BRIC.AS) has a higher volatility of 6.19% compared to iShares Global Government Bond UCITS (IGLO.L) at 1.78%. This indicates that BRIC.AS's price experiences larger fluctuations and is considered to be riskier than IGLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIC.AS | IGLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 1.78% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 4.55% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 5.77% | +12.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 7.82% | +21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 7.50% | +18.09% |
BRIC.AS vs. IGLO.L - Expense Ratio Comparison
BRIC.AS has a 0.74% expense ratio, which is higher than IGLO.L's 0.20% expense ratio.
Dividends
BRIC.AS vs. IGLO.L - Dividend Comparison
BRIC.AS's dividend yield for the trailing twelve months is around 1.74%, less than IGLO.L's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | 1.74% | 1.78% | 2.75% | 2.64% | 3.71% | 1.56% | 1.49% | 2.06% | 2.99% | 1.98% | 1.84% | 2.72% |
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
Frequently Asked Questions
BRIC.AS and IGLO.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLO.L is cheaper with a 0.20% expense ratio, compared with 0.74% for BRIC.AS.
BRIC.AS is categorized as Emerging Markets Equities, while IGLO.L is Global Bonds. BRIC.AS tracks FTSE BIC 50 Net of Tax Index, while IGLO.L tracks Bloomberg Global Aggregate TR USD. Their fees differ too: 0.74% for BRIC.AS and 0.20% for IGLO.L.
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