FLOS.L vs. IGLN.L
FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - FLOS.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, FLOS.L returned 4.01%/yr vs 17.70%/yr for IGLN.L. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.12% expense ratio.
Performance
FLOS.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
FLOS.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, FLOS.L achieves a 2.36% return, which is significantly higher than IGLN.L's -6.52% return.
FLOS.L
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
IGLN.L
- 1D
- -1.85%
- 1M
- -7.84%
- 6M
- -12.98%
- YTD
- -6.52%
- 1Y
- 20.18%
- 3Y*
- 25.84%
- 5Y*
- 17.70%
- 10Y*
- 11.29%
FLOS.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.36% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.45% | 0.28% |
IGLN.L iShares Physical Gold ETC | -6.52% | 53.18% | 28.34% | 7.77% | 11.79% | -3.12% | 20.51% | 13.80% | 4.52% | -5.21% |
Correlation
The correlation between FLOS.L and IGLN.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | -0.03 |
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Return for Risk
FLOS.L vs. IGLN.L — Risk / Return Rank
FLOS.L
IGLN.L
FLOS.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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.
| FLOS.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.46 | ||
| Sortino ratioReturn per unit of downside risk | +6.43 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.16 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 15.76 | 0.83 | +14.94 |
| Martin ratioReturn relative to average drawdown | 79.94 | 2.06 | +77.87 |
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Drawdowns
FLOS.L vs. IGLN.L - Drawdown Comparison
The maximum FLOS.L drawdown since its inception was -14.78%, smaller than the maximum IGLN.L drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for FLOS.L and IGLN.L.
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Drawdown Indicators
| FLOS.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -41.67% | +26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -24.35% | +24.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -24.35% | +22.89% |
Max Drawdown (5Y)Largest decline over 5 years | -2.13% | -24.35% | +22.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | -0.09% | -24.35% | +24.26% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -14.79% | +14.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 9.75% | -9.69% |
Volatility
FLOS.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) is 0.22%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.51%. This indicates that FLOS.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
| FLOS.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 7.51% | -7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 22.51% | -21.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 25.62% | -24.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 17.25% | -15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 15.78% | -12.42% |
FLOS.L vs. IGLN.L - Expense Ratio Comparison
Both FLOS.L and IGLN.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLOS.L vs. IGLN.L - Dividend Comparison
FLOS.L's dividend yield for the trailing twelve months is around 4.68%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOS.L and IGLN.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLOS.L and IGLN.L have the same expense ratio: 0.12% per year.
FLOS.L is categorized as Ultrashort Bond, while IGLN.L is Gold. FLOS.L tracks iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), while IGLN.L tracks LBMA Gold Price.
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