IGIL.L vs. ICOM.L
IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) and ICOM.L (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - IGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond Index, while ICOM.L is a Commodities fund tracking the Bloomberg Commodity (Total Return Index). Both are passively managed. Over the past 5 years, IGIL.L returned -2.27%/yr vs 11.06%/yr for ICOM.L. At a 0.14 correlation, their price movements are largely independent. IGIL.L charges 0.20%/yr vs 0.19%/yr for ICOM.L.
Performance
IGIL.L vs. ICOM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGIL.L achieves a 0.97% return, which is significantly lower than ICOM.L's 24.73% return.
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
- 1D
- -1.26%
- 1M
- -3.64%
- YTD
- 24.73%
- 6M
- 24.19%
- 1Y
- 37.66%
- 3Y*
- 15.67%
- 5Y*
- 11.06%
- 10Y*
- —
IGIL.L vs. ICOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between IGIL.L and ICOM.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 IGIL.L and ICOM.L shifts across timeframes, from -0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGIL.L vs. ICOM.L — Risk / Return Rank
IGIL.L
ICOM.L
IGIL.L vs. ICOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares Diversified Commodity Swap UCITS ETF (ICOM.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.
| IGIL.L | ICOM.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 | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 5.22 | -4.12 |
| Martin ratioReturn relative to average drawdown | 3.08 | 12.15 | -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. | |||
Loading charts...
Sharpe Ratios by Period
| IGIL.L | ICOM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.22 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.67 | -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 | 0.19 | 0.55 | -0.36 |
Drawdowns
IGIL.L vs. ICOM.L - Drawdown Comparison
The maximum IGIL.L drawdown since its inception was -31.32%, smaller than the maximum ICOM.L drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for IGIL.L and ICOM.L.
Loading charts...
Drawdown Indicators
| IGIL.L | ICOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -33.13% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -7.18% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -11.40% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -26.74% | -4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | — | — |
Current DrawdownCurrent decline from peak | -14.80% | -5.33% | -9.47% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -12.87% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 3.09% | -1.86% |
Volatility
IGIL.L vs. ICOM.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) is 2.09%, while iShares Diversified Commodity Swap UCITS ETF (ICOM.L) has a volatility of 5.49%. This indicates that IGIL.L experiences smaller price fluctuations and is considered to be less risky than ICOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGIL.L | ICOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 5.49% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 15.09% | -10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 16.90% | -10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 16.51% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.91% | 15.23% | -6.32% |
IGIL.L vs. ICOM.L - Expense Ratio Comparison
IGIL.L has a 0.20% expense ratio, which is higher than ICOM.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGIL.L vs. ICOM.L - Dividend Comparison
Neither IGIL.L nor ICOM.L has paid dividends to shareholders.
Frequently Asked Questions
IGIL.L and ICOM.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.
IGIL.L is categorized as Inflation-Protected Bonds, while ICOM.L is Commodities. IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index, while ICOM.L tracks Bloomberg Commodity (Total Return Index). Their fees differ too: 0.20% for IGIL.L and 0.19% for ICOM.L.
Find the right allocation for IGIL.L and ICOM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer