IEDY.L vs. IGLN.L
IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IEDY.L is a Dividend fund tracking the iShares EM Dividend UCITS ETF USD (Dist), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IEDY.L returned 6.30%/yr vs 11.58%/yr for IGLN.L. At a 0.22 correlation, their price movements are largely independent. IEDY.L charges 0.65%/yr vs 0.12%/yr for IGLN.L.
Performance
IEDY.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEDY.L achieves a 9.51% return, which is significantly higher than IGLN.L's -6.13% return. Over the past 10 years, IEDY.L has underperformed IGLN.L with an annualized return of 6.30%, while IGLN.L has yielded a comparatively higher 11.58% annualized return.
IEDY.L
- 1D
- 0.11%
- 1M
- -2.31%
- 6M
- 4.97%
- YTD
- 9.51%
- 1Y
- 22.53%
- 3Y*
- 18.74%
- 5Y*
- 4.86%
- 10Y*
- 6.30%
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
IEDY.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 9.51% | 27.60% | 7.02% | 19.23% | -30.77% | 11.02% | -2.56% | 13.94% | -5.15% | 25.92% |
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between IEDY.L and IGLN.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.22 |
Over the past year, IEDY.L and IGLN.L have become more correlated (0.47) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
IEDY.L vs. IGLN.L — Risk / Return Rank
IEDY.L
IGLN.L
IEDY.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEDY.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.88 | +1.60 |
| Martin ratioReturn relative to average drawdown | 7.27 | 2.15 | +5.13 |
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Drawdowns
IEDY.L vs. IGLN.L - Drawdown Comparison
The maximum IEDY.L drawdown since its inception was -48.42%, 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 IEDY.L and IGLN.L.
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Drawdown Indicators
| IEDY.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -45.25% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -24.39% | +15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -24.39% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -41.24% | -24.39% | -16.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | -24.39% | -16.85% |
Current DrawdownCurrent decline from peak | -5.04% | -23.66% | +18.62% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -19.73% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 9.97% | -6.90% |
Volatility
IEDY.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) is 4.04%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.59%. This indicates that IEDY.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
| IEDY.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 7.59% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 23.02% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 26.39% | -12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 17.79% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 15.74% | +2.62% |
IEDY.L vs. IGLN.L - Expense Ratio Comparison
IEDY.L has a 0.65% expense ratio, which is higher than IGLN.L's 0.12% expense ratio.
Dividends
IEDY.L vs. IGLN.L - Dividend Comparison
IEDY.L's dividend yield for the trailing twelve months is around 5.09%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 5.09% | 5.72% | 7.94% | 7.91% | 9.38% | 6.57% | 4.79% | 5.59% | 5.69% | 3.96% | 4.59% | 6.51% |
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
IEDY.L and IGLN.L have a correlation of 0.47, 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 0.65% for IEDY.L.
IEDY.L is categorized as Dividend, while IGLN.L is Gold. IEDY.L tracks iShares EM Dividend UCITS ETF USD (Dist), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.65% for IEDY.L and 0.12% for IGLN.L.
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