IBTA.L vs. IGLN.L
IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, IBTA.L returned 1.87%/yr vs 18.61%/yr for IGLN.L. At a 0.31 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.25%/yr for IGLN.L.
Performance
IBTA.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTA.L achieves a 0.46% return, which is significantly lower than IGLN.L's 3.70% return.
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 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%
IBTA.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.58% | 1.44% | -0.05% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 0.78% |
Correlation
The correlation between IBTA.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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.31 |
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Return for Risk
IBTA.L vs. IGLN.L — Risk / Return Rank
IBTA.L
IGLN.L
IBTA.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| IBTA.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.25 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 1.86 | +2.76 |
| Martin ratioReturn relative to average drawdown | 17.47 | 4.79 | +12.68 |
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
| IBTA.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.30 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.07 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.46 | +0.63 |
Drawdowns
IBTA.L vs. IGLN.L - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IBTA.L and IGLN.L.
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Drawdown Indicators
| IBTA.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.80% | -45.24% | +39.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -17.36% | +16.62% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -17.36% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -21.15% | +15.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -0.13% | -15.66% | +15.53% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -19.80% | +18.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 6.74% | -6.54% |
Volatility
IBTA.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) is 0.43%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that IBTA.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
| IBTA.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 6.36% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 21.73% | -20.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 24.78% | -23.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 17.36% | -15.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 15.54% | -13.78% |
IBTA.L vs. IGLN.L - Expense Ratio Comparison
IBTA.L has a 0.07% 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
IBTA.L vs. IGLN.L - Dividend Comparison
Neither IBTA.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IBTA.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, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.25% for IGLN.L.
IBTA.L is categorized as Government Bonds, while IGLN.L is Gold. IBTA.L tracks ICE US Treasury 1-3 Year Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.07% for IBTA.L and 0.25% for IGLN.L.
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