IGLN.L vs. EQGB.L
IGLN.L (iShares Physical Gold ETC) and EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IGLN.L returned 17.89%/yr vs 14.26%/yr for EQGB.L. At a 0.18 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.35%/yr for EQGB.L.
Performance
IGLN.L vs. EQGB.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while EQGB.L is traded in GBp. To make them comparable, the EQGB.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 0.50% return, which is significantly lower than EQGB.L's 14.54% return.
IGLN.L
- 1D
- -0.32%
- 1M
- -8.04%
- YTD
- 0.50%
- 6M
- 3.23%
- 1Y
- 29.84%
- 3Y*
- 30.05%
- 5Y*
- 17.89%
- 10Y*
- 12.87%
EQGB.L
- 1D
- -0.34%
- 1M
- -0.59%
- YTD
- 14.54%
- 6M
- 14.93%
- 1Y
- 33.11%
- 3Y*
- 28.86%
- 5Y*
- 14.26%
- 10Y*
- —
IGLN.L vs. EQGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.50% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | -0.62% |
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 14.54% | 28.61% | 24.02% | 62.04% | -42.01% | 26.53% | 49.89% | 47.53% | -7.95% | 7.72% |
Correlation
The correlation between IGLN.L and EQGB.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.18 |
The correlation between IGLN.L and EQGB.L shifts across timeframes, from 0.18 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. EQGB.L — Risk / Return Rank
IGLN.L
EQGB.L
IGLN.L vs. EQGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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 | EQGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.20 | -0.58 |
| Martin ratioReturn relative to average drawdown | 4.30 | 8.15 | -3.85 |
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 | EQGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.77 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.58 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.80 | -0.36 |
Drawdowns
IGLN.L vs. EQGB.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, roughly equal to the maximum EQGB.L drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for IGLN.L and EQGB.L.
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Drawdown Indicators
| IGLN.L | EQGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -47.56% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.26% | -14.96% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -22.21% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -47.56% | +26.41% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -18.26% | -4.48% | -13.78% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -9.51% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 4.05% | +2.88% |
Volatility
IGLN.L vs. EQGB.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) have volatilities of 6.10% and 6.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLN.L | EQGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 6.24% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 14.28% | +7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 18.66% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 24.79% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 24.75% | -9.19% |
IGLN.L vs. EQGB.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than EQGB.L's 0.35% expense ratio.
Dividends
IGLN.L vs. EQGB.L - Dividend Comparison
Neither IGLN.L nor EQGB.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLN.L and EQGB.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.35% for EQGB.L.
IGLN.L is categorized as Gold, while EQGB.L is Nasdaq-100. IGLN.L tracks LBMA Gold Price, while EQGB.L tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for IGLN.L and 0.35% for EQGB.L.
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