IGLN.L vs. CSP1.L
IGLN.L (iShares Physical Gold ETC) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IGLN.L returned 13.40%/yr vs 15.32%/yr for CSP1.L. At a correlation of -0.01, they often move in opposite directions. IGLN.L charges 0.25%/yr vs 0.07%/yr for CSP1.L.
Performance
IGLN.L vs. CSP1.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L 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 3.00% return, which is significantly lower than CSP1.L's 10.23% return. Over the past 10 years, IGLN.L has underperformed CSP1.L with an annualized return of 13.40%, while CSP1.L has yielded a comparatively higher 15.32% annualized return.
IGLN.L
- 1D
- -1.45%
- 1M
- -4.23%
- YTD
- 3.00%
- 6M
- 5.09%
- 1Y
- 32.44%
- 3Y*
- 31.11%
- 5Y*
- 18.45%
- 10Y*
- 13.40%
CSP1.L
- 1D
- -0.56%
- 1M
- 4.80%
- YTD
- 10.23%
- 6M
- 10.92%
- 1Y
- 28.17%
- 3Y*
- 22.34%
- 5Y*
- 13.72%
- 10Y*
- 15.32%
IGLN.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 3.00% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.23% | 17.63% | 25.22% | 26.11% | -18.77% | 29.88% | 17.14% | 31.49% | -5.65% | 21.38% |
Correlation
The correlation between IGLN.L and CSP1.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | -0.01 |
The correlation between IGLN.L and CSP1.L shifts across timeframes, from -0.01 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. CSP1.L — Risk / Return Rank
IGLN.L
CSP1.L
IGLN.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.
| IGLN.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.23 | -1.37 |
| Martin ratioReturn relative to average drawdown | 4.85 | 13.95 | -9.10 |
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
| IGLN.L | CSP1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.51 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.88 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.95 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.00 | -0.54 |
Drawdowns
IGLN.L vs. CSP1.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than CSP1.L's maximum drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for IGLN.L and CSP1.L.
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Drawdown Indicators
| IGLN.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -33.51% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -8.68% | -8.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -18.69% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -25.16% | +4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -33.51% | +12.36% |
Current DrawdownCurrent decline from peak | -16.23% | -0.56% | -15.67% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -3.87% | -15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 2.01% | +4.65% |
Volatility
IGLN.L vs. CSP1.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.40% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.49%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLN.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 2.49% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 7.96% | +13.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 11.23% | +13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.67% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 16.12% | -0.58% |
IGLN.L vs. CSP1.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than CSP1.L's 0.07% 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
IGLN.L vs. CSP1.L - Dividend Comparison
Neither IGLN.L nor CSP1.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and CSP1.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while CSP1.L is S&P 500. IGLN.L tracks LBMA Gold Price, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.25% for IGLN.L and 0.07% for CSP1.L.
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