IGDA.L vs. MIST.L
IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 3 years, IGDA.L returned 18.23%/yr vs 5.81%/yr for MIST.L. At a 0.33 correlation, their price movements are largely independent.
Performance
IGDA.L vs. MIST.L - Performance Comparison
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Different Trading Currencies
IGDA.L is traded in USD, while MIST.L is traded in GBP. To make them comparable, the MIST.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGDA.L achieves a 12.26% return, which is significantly higher than MIST.L's 1.66% return.
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
MIST.L
- 1D
- 0.25%
- 1M
- 0.09%
- 6M
- 1.62%
- YTD
- 1.66%
- 1Y
- 4.38%
- 3Y*
- 5.81%
- 5Y*
- 2.48%
- 10Y*
- —
IGDA.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 1.66% | 12.50% | 3.77% | 10.55% | -11.60% |
Correlation
The correlation between IGDA.L and MIST.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.33 |
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Return for Risk
IGDA.L vs. MIST.L — Risk / Return Rank
IGDA.L
MIST.L
IGDA.L vs. MIST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.
| IGDA.L | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.96 | +1.70 |
| Martin ratioReturn relative to average drawdown | 10.04 | 2.13 | +7.92 |
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Drawdowns
IGDA.L vs. MIST.L - Drawdown Comparison
The maximum IGDA.L drawdown since its inception was -27.14%, roughly equal to the maximum MIST.L drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for IGDA.L and MIST.L.
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Drawdown Indicators
| IGDA.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.14% | -26.32% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -4.21% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -7.89% | -12.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Current DrawdownCurrent decline from peak | -3.55% | -1.45% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -5.96% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.91% | +0.67% |
Volatility
IGDA.L vs. MIST.L - Volatility Comparison
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.17% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 1.69%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGDA.L | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 1.69% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 4.92% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 6.53% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 8.59% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 8.91% | +8.76% |
Dividends
IGDA.L vs. MIST.L - Dividend Comparison
Neither IGDA.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
IGDA.L and MIST.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: Invesco and PIMCO.
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