FXC.L vs. IGLN.L
FXC.L (iShares China Large Cap UCITS) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - FXC.L is a China Equities fund tracking the MSCI China NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, FXC.L returned 4.68%/yr vs 14.29%/yr for IGLN.L. At a 0.07 correlation, their price movements are largely independent. FXC.L charges 0.74%/yr vs 0.25%/yr for IGLN.L.
Performance
FXC.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
FXC.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, FXC.L achieves a -6.72% return, which is significantly lower than IGLN.L's 3.39% return. Over the past 10 years, FXC.L has underperformed IGLN.L with an annualized return of 4.68%, while IGLN.L has yielded a comparatively higher 14.29% annualized return.
FXC.L
- 1D
- -2.40%
- 1M
- -1.78%
- YTD
- -6.72%
- 6M
- -8.20%
- 1Y
- 3.46%
- 3Y*
- 9.76%
- 5Y*
- -1.37%
- 10Y*
- 4.68%
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%
FXC.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | -6.72% | 20.50% | 33.78% | -17.86% | -10.68% | -18.89% | 7.61% | 10.16% | -6.21% | 24.12% |
IGLN.L iShares Physical Gold ETC | 3.39% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | 2.01% |
Correlation
The correlation between FXC.L and IGLN.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.07 |
The correlation between FXC.L and IGLN.L shifts across timeframes, from 0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FXC.L vs. IGLN.L — Risk / Return Rank
FXC.L
IGLN.L
FXC.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (FXC.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.
| FXC.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.89 | -1.67 |
| Martin ratioReturn relative to average drawdown | 0.48 | 5.11 | -4.63 |
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
| FXC.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.38 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 1.17 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.87 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.52 | -0.21 |
Drawdowns
FXC.L vs. IGLN.L - Drawdown Comparison
The maximum FXC.L drawdown since its inception was -60.51%, which is greater than IGLN.L's maximum drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for FXC.L and IGLN.L.
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Drawdown Indicators
| FXC.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -41.86% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.54% | -17.53% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.53% | -17.53% | -10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -46.74% | -17.53% | -29.21% |
Max Drawdown (10Y)Largest decline over 10 years | -53.90% | -22.37% | -31.53% |
Current DrawdownCurrent decline from peak | -21.71% | -16.35% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -18.76% | -14.94% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 6.51% | +0.69% |
Volatility
FXC.L vs. IGLN.L - Volatility Comparison
iShares China Large Cap UCITS (FXC.L) has a higher volatility of 6.71% compared to iShares Physical Gold ETC (IGLN.L) at 6.05%. This indicates that FXC.L's price experiences larger fluctuations and is considered to be riskier 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
| FXC.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 6.05% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 21.14% | -8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 24.09% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 16.81% | +11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 16.35% | +8.60% |
FXC.L vs. IGLN.L - Expense Ratio Comparison
FXC.L has a 0.74% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
FXC.L vs. IGLN.L - Dividend Comparison
FXC.L's dividend yield for the trailing twelve months is around 2.58%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | 2.58% | 2.37% | 2.99% | 3.10% | 2.85% | 2.51% | 3.26% | 3.22% | 3.89% | 3.18% | 3.04% | 4.00% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXC.L and IGLN.L have a correlation of 0.26, 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 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.25% expense ratio, compared with 0.74% for FXC.L.
FXC.L is categorized as China Equities, while IGLN.L is Gold. FXC.L tracks MSCI China NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.74% for FXC.L and 0.25% for IGLN.L.
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