IEMB.L vs. IGLN.L
IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IEMB.L is a Emerging Markets Bonds fund managed by iShares, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Over the past 10 years, IEMB.L returned 3.32%/yr vs 13.42%/yr for IGLN.L. At a 0.21 correlation, their price movements are largely independent. IEMB.L charges 0.45%/yr vs 0.25%/yr for IGLN.L.
Performance
IEMB.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEMB.L achieves a 1.62% return, which is significantly lower than IGLN.L's 3.70% return. Over the past 10 years, IEMB.L has underperformed IGLN.L with an annualized return of 3.32%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
IEMB.L
- 1D
- 0.41%
- 1M
- 1.01%
- YTD
- 1.62%
- 6M
- 2.22%
- 1Y
- 11.20%
- 3Y*
- 9.72%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
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%
IEMB.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 1.62% | 13.71% | 5.70% | 10.54% | -18.35% | -2.28% | 5.57% | 16.06% | -5.53% | 9.73% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
Correlation
The correlation between IEMB.L and IGLN.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.21 |
The correlation between IEMB.L and IGLN.L shifts across timeframes, from 0.21 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEMB.L vs. IGLN.L — Risk / Return Rank
IEMB.L
IGLN.L
IEMB.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| IEMB.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.86 | +0.72 |
| Martin ratioReturn relative to average drawdown | 10.73 | 4.79 | +5.94 |
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
| IEMB.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.30 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.07 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.86 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.46 | +0.05 |
Drawdowns
IEMB.L vs. IGLN.L - Drawdown Comparison
The maximum IEMB.L drawdown since its inception was -32.08%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IEMB.L and IGLN.L.
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Drawdown Indicators
| IEMB.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -45.24% | +13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -17.36% | +13.04% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -17.36% | +9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -21.15% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -21.15% | -7.47% |
Current DrawdownCurrent decline from peak | -0.11% | -15.66% | +15.55% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -19.80% | +14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 6.74% | -5.70% |
Volatility
IEMB.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) is 2.57%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that IEMB.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
| IEMB.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 6.36% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 21.73% | -16.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 24.78% | -18.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.87% | 17.36% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 15.54% | -6.29% |
IEMB.L vs. IGLN.L - Expense Ratio Comparison
IEMB.L has a 0.45% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IEMB.L vs. IGLN.L - Dividend Comparison
IEMB.L's dividend yield for the trailing twelve months is around 5.83%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.83% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
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
IEMB.L and IGLN.L have a correlation of 0.32, 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 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.25% expense ratio, compared with 0.45% for IEMB.L.
IEMB.L is categorized as Emerging Markets Bonds, while IGLN.L is Gold. Their fees differ too: 0.45% for IEMB.L and 0.25% for IGLN.L.
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