IGIL.L vs. PHAU.AS
IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) and PHAU.AS (WisdomTree Physical Gold UCITS ETC) are both exchange-traded funds - IGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond Index, while PHAU.AS is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past year, IGIL.L returned 2.99% vs 23.87% for PHAU.AS. At a 0.30 correlation, their price movements are largely independent. IGIL.L charges 0.20%/yr vs 0.39%/yr for PHAU.AS.
Performance
IGIL.L vs. PHAU.AS - Performance Comparison
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Different Trading Currencies
IGIL.L is traded in USD, while PHAU.AS is traded in EUR. To make them comparable, the PHAU.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGIL.L achieves a 0.78% return, which is significantly higher than PHAU.AS's -2.46% return.
IGIL.L
- 1D
- 0.29%
- 1M
- -0.41%
- YTD
- 0.78%
- 6M
- 1.21%
- 1Y
- 2.99%
- 3Y*
- 3.25%
- 5Y*
- -2.44%
- 10Y*
- 1.04%
PHAU.AS
- 1D
- 2.78%
- 1M
- -10.20%
- YTD
- -2.46%
- 6M
- -1.99%
- 1Y
- 23.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGIL.L vs. PHAU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.78% | 8.45% | 0.46% |
PHAU.AS WisdomTree Physical Gold UCITS ETC | -2.46% | 65.08% | 10.80% |
Correlation
The correlation between IGIL.L and PHAU.AS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.30 |
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Return for Risk
IGIL.L vs. PHAU.AS — Risk / Return Rank
IGIL.L
PHAU.AS
IGIL.L vs. PHAU.AS - 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 WisdomTree Physical Gold UCITS ETC (PHAU.AS). 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.
| IGIL.L | PHAU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.04 | -0.17 |
| Martin ratioReturn relative to average drawdown | 2.34 | 3.14 | -0.81 |
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Drawdowns
IGIL.L vs. PHAU.AS - Drawdown Comparison
The maximum IGIL.L drawdown since its inception was -31.32%, which is greater than PHAU.AS's maximum drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for IGIL.L and PHAU.AS.
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Drawdown Indicators
| IGIL.L | PHAU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -22.76% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -22.76% | +19.32% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | — | — |
Current DrawdownCurrent decline from peak | -14.96% | -20.61% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -3.57% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 7.52% | -6.24% |
Volatility
IGIL.L vs. PHAU.AS - Volatility Comparison
The current volatility for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) is 1.97%, while WisdomTree Physical Gold UCITS ETC (PHAU.AS) has a volatility of 7.61%. This indicates that IGIL.L experiences smaller price fluctuations and is considered to be less risky than PHAU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIL.L | PHAU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 7.61% | -5.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 21.78% | -17.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 24.88% | -18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.64% | 21.52% | -11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.91% | 21.52% | -12.61% |
IGIL.L vs. PHAU.AS - Expense Ratio Comparison
IGIL.L has a 0.20% expense ratio, which is lower than PHAU.AS's 0.39% expense ratio.
Dividends
IGIL.L vs. PHAU.AS - Dividend Comparison
Neither IGIL.L nor PHAU.AS has paid dividends to shareholders.
Frequently Asked Questions
IGIL.L and PHAU.AS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGIL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGIL.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PHAU.AS.
IGIL.L is categorized as Inflation-Protected Bonds, while PHAU.AS is Gold. IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index, while PHAU.AS tracks LBMA Gold Price PM. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for IGIL.L and 0.39% for PHAU.AS.
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