COMM.L vs. IGLN.L
COMM.L (iShares Diversified Commodity Swap UCITS ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - COMM.L is a Commodities fund tracking the Bloomberg Commodity, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, COMM.L returned 12.56%/yr vs 19.72%/yr for IGLN.L. At a 0.31 correlation, their price movements are largely independent. COMM.L charges 0.19%/yr vs 0.25%/yr for IGLN.L.
Performance
COMM.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
COMM.L is traded in GBp, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, COMM.L achieves a 26.50% return, which is significantly higher than IGLN.L's 3.39% return.
COMM.L
- 1D
- 0.70%
- 1M
- -0.33%
- YTD
- 26.50%
- 6M
- 24.77%
- 1Y
- 40.42%
- 3Y*
- 13.56%
- 5Y*
- 12.56%
- 10Y*
- —
IGLN.L
- 1D
- -1.19%
- 1M
- -3.16%
- YTD
- 3.39%
- 6M
- 4.54%
- 1Y
- 33.37%
- 3Y*
- 27.87%
- 5Y*
- 19.72%
- 10Y*
- 14.29%
COMM.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMM.L iShares Diversified Commodity Swap UCITS ETF | 26.50% | 8.53% | 6.19% | -12.55% | 28.34% | 29.04% | -7.09% | 2.79% | -4.51% | 0.62% |
IGLN.L iShares Physical Gold ETC | 3.39% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | -4.47% |
Correlation
The correlation between COMM.L and IGLN.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.31 |
The correlation between COMM.L and IGLN.L shifts across timeframes, from 0.17 (1 year) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
COMM.L vs. IGLN.L — Risk / Return Rank
COMM.L
IGLN.L
COMM.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.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.
| COMM.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.37 | 1.89 | +3.48 |
| Martin ratioReturn relative to average drawdown | 12.27 | 5.11 | +7.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COMM.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.38 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.17 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.52 | 0.00 |
Drawdowns
COMM.L vs. IGLN.L - Drawdown Comparison
The maximum COMM.L drawdown since its inception was -28.49%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for COMM.L and IGLN.L.
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Drawdown Indicators
| COMM.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -41.86% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -17.53% | +10.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -17.53% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -28.49% | -17.53% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.37% | — |
Current DrawdownCurrent decline from peak | -3.76% | -16.35% | +12.59% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -14.94% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 6.51% | -3.23% |
Volatility
COMM.L vs. IGLN.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (COMM.L) and iShares Physical Gold ETC (IGLN.L) have volatilities of 6.13% and 6.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMM.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.05% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 21.14% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 24.09% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 16.81% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 16.35% | -0.98% |
COMM.L vs. IGLN.L - Expense Ratio Comparison
COMM.L has a 0.19% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
COMM.L vs. IGLN.L - Dividend Comparison
Neither COMM.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
COMM.L and IGLN.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMM.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IGLN.L.
COMM.L is categorized as Commodities, while IGLN.L is Gold. COMM.L tracks Bloomberg Commodity, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.19% for COMM.L and 0.25% for IGLN.L.
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