IGLN.L vs. EXCS.L
IGLN.L (iShares Physical Gold ETC) and EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while EXCS.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, IGLN.L returned 30.05%/yr vs 25.66%/yr for EXCS.L. At a 0.30 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.18%/yr for EXCS.L.
Performance
IGLN.L vs. EXCS.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while EXCS.L is traded in GBP. To make them comparable, the EXCS.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 EXCS.L's 31.84% 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%
EXCS.L
- 1D
- 0.49%
- 1M
- -1.41%
- YTD
- 31.84%
- 6M
- 36.07%
- 1Y
- 61.99%
- 3Y*
- 25.66%
- 5Y*
- —
- 10Y*
- —
IGLN.L vs. EXCS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.50% | 64.93% | 26.14% | 13.44% | -0.09% | -2.06% |
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 31.84% | 35.75% | 3.67% | 16.90% | -18.20% | -24.55% |
Correlation
The correlation between IGLN.L and EXCS.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 | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.30 |
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Return for Risk
IGLN.L vs. EXCS.L — Risk / Return Rank
IGLN.L
EXCS.L
IGLN.L vs. EXCS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.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 | EXCS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.51 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.40 | -2.77 |
| Martin ratioReturn relative to average drawdown | 4.30 | 16.49 | -12.19 |
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 | EXCS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.86 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | — | — |
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 | 0.26 | +0.18 |
Drawdowns
IGLN.L vs. EXCS.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, roughly equal to the maximum EXCS.L drawdown of -44.14%. Use the drawdown chart below to compare losses from any high point for IGLN.L and EXCS.L.
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Drawdown Indicators
| IGLN.L | EXCS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -44.14% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -18.26% | -14.02% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -19.69% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -18.26% | -7.31% | -10.95% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -24.42% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 3.75% | +3.18% |
Volatility
IGLN.L vs. EXCS.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 6.10%, while iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a volatility of 10.52%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than EXCS.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 | EXCS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 10.52% | -4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 19.09% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 21.59% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 25.81% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 25.81% | -10.25% |
IGLN.L vs. EXCS.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than EXCS.L's 0.18% expense ratio. Despite the difference, 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. EXCS.L - Dividend Comparison
Neither IGLN.L nor EXCS.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and EXCS.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 0.18% for EXCS.L.
IGLN.L is categorized as Gold, while EXCS.L is Emerging Markets Equities. IGLN.L tracks LBMA Gold Price, while EXCS.L tracks MSCI EM NR USD. Their fees differ too: 0.12% for IGLN.L and 0.18% for EXCS.L.
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