GBSS.L vs. IGLN.L
Compare and contrast key facts about Gold Bullion Securities (GBSS.L) and iShares Physical Gold ETC (IGLN.L).
GBSS.L and IGLN.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBSS.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Apr 15, 2004. IGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both GBSS.L and IGLN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GBSS.L vs. IGLN.L - Performance Comparison
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GBSS.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSS.L Gold Bullion Securities | 11.83% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | 19.73% | 14.42% | 4.17% | 1.53% |
IGLN.L iShares Physical Gold ETC | 12.74% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | 2.01% |
Different Trading Currencies
GBSS.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, GBSS.L achieves a 11.83% return, which is significantly lower than IGLN.L's 12.74% return. Both investments have delivered pretty close results over the past 10 years, with GBSS.L having a 14.94% annualized return and IGLN.L not far ahead at 15.33%.
GBSS.L
- 1D
- 2.62%
- 1M
- -9.60%
- YTD
- 11.83%
- 6M
- 24.86%
- 1Y
- 47.55%
- 3Y*
- 30.34%
- 5Y*
- 22.96%
- 10Y*
- 14.94%
IGLN.L
- 1D
- 3.36%
- 1M
- -8.77%
- YTD
- 12.74%
- 6M
- 25.77%
- 1Y
- 48.89%
- 3Y*
- 30.86%
- 5Y*
- 23.45%
- 10Y*
- 15.33%
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GBSS.L vs. IGLN.L - Expense Ratio Comparison
GBSS.L has a 0.40% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Return for Risk
GBSS.L vs. IGLN.L — Risk / Return Rank
GBSS.L
IGLN.L
GBSS.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Bullion Securities (GBSS.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.
| GBSS.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.95 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.41 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.84 | -0.15 |
Martin ratioReturn relative to average drawdown | 11.30 | 11.28 | +0.02 |
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
| GBSS.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.95 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.43 | 1.41 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.94 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.56 | +0.13 |
Correlation
The correlation between GBSS.L and IGLN.L is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GBSS.L vs. IGLN.L - Dividend Comparison
Neither GBSS.L nor IGLN.L has paid dividends to shareholders.
Drawdowns
GBSS.L vs. IGLN.L - Drawdown Comparison
The maximum GBSS.L drawdown since its inception was -42.08%, roughly equal to the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for GBSS.L and IGLN.L.
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Drawdown Indicators
| GBSS.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -45.24% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -17.36% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -21.15% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -21.15% | -1.26% |
Current DrawdownCurrent decline from peak | -9.60% | -9.80% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -19.88% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 4.58% | -0.32% |
Volatility
GBSS.L vs. IGLN.L - Volatility Comparison
The current volatility for Gold Bullion Securities (GBSS.L) is 11.61%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 12.60%. This indicates that GBSS.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
| GBSS.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 12.60% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 21.91% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 24.92% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 16.59% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 16.29% | -0.54% |