CUSS.L vs. IGLN.L
CUSS.L (iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CUSS.L is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Enhanced CTB Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CUSS.L returned 10.74%/yr vs 11.58%/yr for IGLN.L. At a 0.08 correlation, their price movements are largely independent. CUSS.L charges 0.43%/yr vs 0.12%/yr for IGLN.L.
Performance
CUSS.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CUSS.L achieves a 16.17% return, which is significantly higher than IGLN.L's -6.13% return. Over the past 10 years, CUSS.L has underperformed IGLN.L with an annualized return of 10.74%, while IGLN.L has yielded a comparatively higher 11.58% annualized return.
CUSS.L
- 1D
- -0.63%
- 1M
- -1.86%
- 6M
- 11.10%
- YTD
- 16.17%
- 1Y
- 29.03%
- 3Y*
- 13.99%
- 5Y*
- 7.45%
- 10Y*
- 10.74%
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%
CUSS.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUSS.L iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) | 16.17% | 10.15% | 9.80% | 17.73% | -17.15% | 18.55% | 18.55% | 26.39% | -10.90% | 16.10% |
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 CUSS.L and IGLN.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.08 |
Over the past year, CUSS.L and IGLN.L have become more correlated (0.34) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
CUSS.L vs. IGLN.L — Risk / Return Rank
CUSS.L
IGLN.L
CUSS.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.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.
| CUSS.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 0.88 | +2.86 |
| Martin ratioReturn relative to average drawdown | 12.44 | 2.15 | +10.29 |
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Drawdowns
CUSS.L vs. IGLN.L - Drawdown Comparison
The maximum CUSS.L drawdown since its inception was -42.70%, smaller than the maximum IGLN.L drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for CUSS.L and IGLN.L.
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Drawdown Indicators
| CUSS.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -45.25% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -24.39% | +16.01% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -24.39% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -24.39% | -4.34% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -24.39% | -18.31% |
Current DrawdownCurrent decline from peak | -3.61% | -23.66% | +20.05% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -19.73% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 9.97% | -7.45% |
Volatility
CUSS.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.L) is 4.69%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.59%. This indicates that CUSS.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
| CUSS.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 7.59% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 23.02% | -10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 26.39% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 17.79% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 15.74% | +5.18% |
CUSS.L vs. IGLN.L - Expense Ratio Comparison
CUSS.L has a 0.43% expense ratio, which is higher than IGLN.L's 0.12% expense ratio.
Dividends
CUSS.L vs. IGLN.L - Dividend Comparison
Neither CUSS.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CUSS.L and IGLN.L have a correlation of 0.34, 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 0.43% for CUSS.L.
CUSS.L is categorized as Small Cap Blend Equities, while IGLN.L is Gold. CUSS.L tracks MSCI USA Small Cap ESG Enhanced CTB Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.43% for CUSS.L and 0.12% for IGLN.L.
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