IGLN.L vs. BNP.PA
IGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while BNP.PA (BNP Paribas SA) is a stock. Over the past 10 years, IGLN.L returned 12.45%/yr vs 15.11%/yr for BNP.PA. At a 0.03 correlation, their price movements are largely independent.
Performance
IGLN.L vs. BNP.PA - Performance Comparison
Loading charts...
Different Trading Currencies
IGLN.L is traded in USD, while BNP.PA is traded in EUR. To make them comparable, the BNP.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLN.L achieves a -2.16% return, which is significantly lower than BNP.PA's 21.35% return. Over the past 10 years, IGLN.L has underperformed BNP.PA with an annualized return of 12.45%, while BNP.PA has yielded a comparatively higher 15.11% annualized return.
IGLN.L
- 1D
- 3.37%
- 1M
- -10.03%
- YTD
- -2.16%
- 6M
- -1.54%
- 1Y
- 23.07%
- 3Y*
- 29.33%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
BNP.PA
- 1D
- 5.05%
- 1M
- 7.22%
- YTD
- 21.35%
- 6M
- 25.61%
- 1Y
- 36.95%
- 3Y*
- 30.28%
- 5Y*
- 18.55%
- 10Y*
- 15.11%
IGLN.L vs. BNP.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -2.16% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
BNP.PA BNP Paribas SA | 21.35% | 70.31% | -5.26% | 29.71% | -11.60% | 37.79% | -11.18% | 40.85% | -36.18% | 22.32% |
Correlation
The correlation between IGLN.L and BNP.PA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.03 |
The correlation between IGLN.L and BNP.PA shifts across timeframes, from 0.03 (10 years) to 0.23 (1 year), 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
IGLN.L vs. BNP.PA — Risk / Return Rank
IGLN.L
BNP.PA
IGLN.L vs. BNP.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and BNP Paribas SA (BNP.PA). 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.
| IGLN.L | BNP.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.67 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.27 | 4.16 | -0.89 |
Loading charts...
Drawdowns
IGLN.L vs. BNP.PA - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum BNP.PA drawdown of -76.48%. Use the drawdown chart below to compare losses from any high point for IGLN.L and BNP.PA.
Loading charts...
Drawdown Indicators
| IGLN.L | BNP.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -76.48% | +31.23% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -20.36% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -21.05% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -42.50% | +19.48% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -64.31% | +41.29% |
Current DrawdownCurrent decline from peak | -20.43% | 0.00% | -20.43% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -26.76% | +7.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 8.21% | -0.80% |
Volatility
IGLN.L vs. BNP.PA - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 7.69%, while BNP Paribas SA (BNP.PA) has a volatility of 8.45%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than BNP.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLN.L | BNP.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 8.45% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 22.62% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 29.98% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 31.07% | -13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 32.92% | -17.29% |
Dividends
IGLN.L vs. BNP.PA - Dividend Comparison
IGLN.L has not paid dividends to shareholders, while BNP.PA's dividend yield for the trailing twelve months is around 5.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNP.PA BNP Paribas SA | 5.34% | 9.13% | 7.77% | 6.23% | 6.89% | 4.38% | 0.00% | 5.72% | 7.65% | 4.34% | 3.82% | 2.87% |
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
IGLN.L and BNP.PA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IGLN.L and BNP.PA
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