IBIT vs. IGLN.L
IBIT (iShares Bitcoin Trust ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past year, IBIT returned -39.44% vs 29.84% for IGLN.L. At a 0.10 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.12%/yr for IGLN.L.
Performance
IBIT vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.71% return, which is significantly lower than IGLN.L's 0.50% return.
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLN.L
- 1D
- -0.32%
- 1M
- -8.04%
- YTD
- 0.50%
- 6M
- 3.23%
- 1Y
- 29.84%
- 3Y*
- 30.05%
- 5Y*
- 17.89%
- 10Y*
- 12.87%
IBIT vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 89.87% |
IGLN.L iShares Physical Gold ETC | 0.50% | 64.93% | 28.73% |
Correlation
The correlation between IBIT and IGLN.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.10 |
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Return for Risk
IBIT vs. IGLN.L — Risk / Return Rank
IBIT
IGLN.L
IBIT vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.23 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.63 | -2.39 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.30 | -5.66 |
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
| IBIT | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 1.19 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.44 | -0.17 |
Drawdowns
IBIT vs. IGLN.L - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than IGLN.L's maximum drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for IBIT and IGLN.L.
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Drawdown Indicators
| IBIT | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -45.25% | -6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -18.26% | -33.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -49.66% | -18.26% | -31.40% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -19.72% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 6.93% | +22.04% |
Volatility
IBIT vs. IGLN.L - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 11.85% compared to iShares Physical Gold ETC (IGLN.L) at 6.10%. This indicates that IBIT'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
| IBIT | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 6.10% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 21.87% | +12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 24.98% | +19.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 17.41% | +32.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 15.56% | +34.76% |
IBIT vs. IGLN.L - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than IGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. IGLN.L - Dividend Comparison
Neither IBIT nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IBIT and IGLN.L have a correlation of 0.16, 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 0.25% for IBIT.
IBIT is categorized as Cryptocurrency, while IGLN.L is Gold. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.25% for IBIT and 0.12% for IGLN.L.
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