ICOM.L vs. IGIL.L
ICOM.L (iShares Diversified Commodity Swap UCITS ETF) and IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) are both exchange-traded funds - ICOM.L is a Commodities fund tracking the Bloomberg Commodity (Total Return Index), while IGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, ICOM.L returned 11.06%/yr vs -2.27%/yr for IGIL.L. At a 0.14 correlation, their price movements are largely independent. ICOM.L charges 0.19%/yr vs 0.20%/yr for IGIL.L.
Performance
ICOM.L vs. IGIL.L - Performance Comparison
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Returns By Period
In the year-to-date period, ICOM.L achieves a 24.73% return, which is significantly higher than IGIL.L's 0.97% return.
ICOM.L
- 1D
- -1.26%
- 1M
- -3.64%
- YTD
- 24.73%
- 6M
- 24.19%
- 1Y
- 37.66%
- 3Y*
- 15.67%
- 5Y*
- 11.06%
- 10Y*
- —
IGIL.L
- 1D
- 0.08%
- 1M
- -0.27%
- YTD
- 0.97%
- 6M
- 1.02%
- 1Y
- 3.80%
- 3Y*
- 3.28%
- 5Y*
- -2.27%
- 10Y*
- 1.03%
ICOM.L vs. IGIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOM.L iShares Diversified Commodity Swap UCITS ETF | 24.73% | 16.45% | 5.07% | -8.06% | 14.83% | 27.05% | -3.74% | 6.75% | -10.19% | 5.58% |
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.97% | 8.45% | -2.93% | 5.08% | -21.84% | 2.94% | 12.21% | 7.81% | -4.02% | 4.10% |
Correlation
The correlation between ICOM.L and IGIL.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017 | 0.14 |
The correlation between ICOM.L and IGIL.L shifts across timeframes, from -0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICOM.L vs. IGIL.L — Risk / Return Rank
ICOM.L
IGIL.L
ICOM.L vs. IGIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (ICOM.L) and iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.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.
| ICOM.L | IGIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 1.10 | +4.12 |
| Martin ratioReturn relative to average drawdown | 12.15 | 3.08 | +9.07 |
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
| ICOM.L | IGIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 0.62 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.24 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.19 | +0.36 |
Drawdowns
ICOM.L vs. IGIL.L - Drawdown Comparison
The maximum ICOM.L drawdown since its inception was -33.13%, which is greater than IGIL.L's maximum drawdown of -31.32%. Use the drawdown chart below to compare losses from any high point for ICOM.L and IGIL.L.
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Drawdown Indicators
| ICOM.L | IGIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -31.32% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -3.44% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -8.47% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.74% | -31.32% | +4.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.32% | — |
Current DrawdownCurrent decline from peak | -5.33% | -14.80% | +9.47% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -7.47% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.23% | +1.86% |
Volatility
ICOM.L vs. IGIL.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (ICOM.L) has a higher volatility of 5.49% compared to iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) at 2.09%. This indicates that ICOM.L's price experiences larger fluctuations and is considered to be riskier than IGIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOM.L | IGIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 2.09% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 4.60% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 6.16% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 9.63% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 8.91% | +6.32% |
ICOM.L vs. IGIL.L - Expense Ratio Comparison
ICOM.L has a 0.19% expense ratio, which is lower than IGIL.L's 0.20% 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
ICOM.L vs. IGIL.L - Dividend Comparison
Neither ICOM.L nor IGIL.L has paid dividends to shareholders.
Frequently Asked Questions
ICOM.L and IGIL.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICOM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOM.L is cheaper with a 0.19% expense ratio, compared with 0.20% for IGIL.L.
ICOM.L is categorized as Commodities, while IGIL.L is Inflation-Protected Bonds. ICOM.L tracks Bloomberg Commodity (Total Return Index), while IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index. Their fees differ too: 0.19% for ICOM.L and 0.20% for IGIL.L.
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