CCAU.L vs. IGLN.L
CCAU.L (iShares MSCI Canada UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CCAU.L is a Canada Equities fund tracking the MSCI Developed - Canada in USD - NET TR, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CCAU.L returned 10.89%/yr vs 11.58%/yr for IGLN.L. At a 0.26 correlation, their price movements are largely independent. CCAU.L charges 0.48%/yr vs 0.12%/yr for IGLN.L.
Performance
CCAU.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CCAU.L achieves a 9.97% return, which is significantly higher than IGLN.L's -6.13% return. Over the past 10 years, CCAU.L has underperformed IGLN.L with an annualized return of 10.89%, while IGLN.L has yielded a comparatively higher 11.58% annualized return.
CCAU.L
- 1D
- -0.05%
- 1M
- 0.78%
- 6M
- 8.29%
- YTD
- 9.97%
- 1Y
- 30.40%
- 3Y*
- 20.98%
- 5Y*
- 12.22%
- 10Y*
- 10.89%
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
CCAU.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCAU.L iShares MSCI Canada UCITS ETF USD (Acc) | 9.97% | 36.70% | 12.06% | 14.22% | -12.45% | 24.37% | 5.95% | 26.28% | -17.42% | 15.44% |
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between CCAU.L and IGLN.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.26 |
Over the past year, CCAU.L and IGLN.L have become more correlated (0.53) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
CCAU.L vs. IGLN.L — Risk / Return Rank
CCAU.L
IGLN.L
CCAU.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.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.
| CCAU.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 0.88 | +3.03 |
| Martin ratioReturn relative to average drawdown | 14.98 | 2.15 | +12.83 |
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Drawdowns
CCAU.L vs. IGLN.L - Drawdown Comparison
The maximum CCAU.L drawdown since its inception was -42.79%, smaller than the maximum IGLN.L drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for CCAU.L and IGLN.L.
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Drawdown Indicators
| CCAU.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.79% | -45.25% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -24.39% | +16.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.83% | -24.39% | +11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -24.39% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -24.39% | -16.72% |
Current DrawdownCurrent decline from peak | -0.05% | -23.66% | +23.61% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -19.73% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 9.97% | -7.95% |
Volatility
CCAU.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.L) is 3.72%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.59%. This indicates that CCAU.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
| CCAU.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 7.59% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 23.02% | -13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 26.39% | -13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 17.79% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 15.74% | +2.24% |
CCAU.L vs. IGLN.L - Expense Ratio Comparison
CCAU.L has a 0.48% expense ratio, which is higher than IGLN.L's 0.12% expense ratio.
Dividends
CCAU.L vs. IGLN.L - Dividend Comparison
Neither CCAU.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CCAU.L and IGLN.L have a correlation of 0.53, 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 0.48% for CCAU.L.
CCAU.L is categorized as Canada Equities, while IGLN.L is Gold. CCAU.L tracks MSCI Developed - Canada in USD - NET TR, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.48% for CCAU.L and 0.12% for IGLN.L.
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