FLOA.L vs. IGLN.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, FLOA.L returned 4.28%/yr vs 18.61%/yr for IGLN.L. At a correlation of -0.00, they often move in opposite directions. FLOA.L charges 0.10%/yr vs 0.25%/yr for IGLN.L.
Performance
FLOA.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLOA.L achieves a 2.04% return, which is significantly lower than IGLN.L's 3.70% return.
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
IGLN.L
- 1D
- 0.68%
- 1M
- -2.35%
- YTD
- 3.70%
- 6M
- 6.03%
- 1Y
- 32.37%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
FLOA.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.86% | 4.17% | 0.86% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -3.66% |
Correlation
The correlation between FLOA.L and IGLN.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | -0.00 |
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Return for Risk
FLOA.L vs. IGLN.L — Risk / Return Rank
FLOA.L
IGLN.L
FLOA.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| FLOA.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +5.12 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.25 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 1.86 | +8.65 |
| Martin ratioReturn relative to average drawdown | 55.93 | 4.79 | +51.14 |
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
| FLOA.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 1.30 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | 1.07 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.46 | +0.33 |
Drawdowns
FLOA.L vs. IGLN.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for FLOA.L and IGLN.L.
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Drawdown Indicators
| FLOA.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -45.24% | +30.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -17.36% | +16.88% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -17.36% | +15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -21.15% | +18.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -0.06% | -15.66% | +15.60% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -19.80% | +19.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 6.74% | -6.65% |
Volatility
FLOA.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.49%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that FLOA.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
| FLOA.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 6.36% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 21.73% | -20.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 24.78% | -23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 17.36% | -15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 15.54% | -11.27% |
FLOA.L vs. IGLN.L - Expense Ratio Comparison
FLOA.L has a 0.10% 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
FLOA.L vs. IGLN.L - Dividend Comparison
Neither FLOA.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
FLOA.L and IGLN.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IGLN.L.
FLOA.L is categorized as Corporate Bonds, while IGLN.L is Gold. FLOA.L tracks Bloomberg US Corp Bond TR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.10% for FLOA.L and 0.25% for IGLN.L.
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