IGLN.L vs. EYED.L
IGLN.L (iShares Physical Gold ETC) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while EYED.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, IGLN.L returned 27.64%/yr vs 15.41%/yr for EYED.L. At a 0.16 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.18%/yr for EYED.L.
Performance
IGLN.L vs. EYED.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while EYED.L is traded in GBP. To make them comparable, the EYED.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 -6.72% return, which is significantly lower than EYED.L's 18.34% return.
IGLN.L
- 1D
- 0.35%
- 1M
- -10.73%
- YTD
- -6.72%
- 6M
- -10.54%
- 1Y
- 20.86%
- 3Y*
- 27.64%
- 5Y*
- 17.56%
- 10Y*
- 11.57%
EYED.L
- 1D
- -0.16%
- 1M
- -11.19%
- YTD
- 18.34%
- 6M
- 19.23%
- 1Y
- 33.11%
- 3Y*
- 15.41%
- 5Y*
- —
- 10Y*
- —
IGLN.L vs. EYED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -6.72% | 64.93% | 26.14% | 13.44% | 6.19% |
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 18.34% | 29.28% | -11.58% | 11.62% | 14.83% |
Correlation
The correlation between IGLN.L and EYED.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.16 |
The correlation between IGLN.L and EYED.L shifts across timeframes, from 0.04 (1 year) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. EYED.L — Risk / Return Rank
IGLN.L
EYED.L
IGLN.L vs. EYED.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 Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.
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 | EYED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.93 | -1.08 |
| Martin ratioReturn relative to average drawdown | 2.48 | 7.79 | -5.31 |
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Drawdowns
IGLN.L vs. EYED.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, which is greater than EYED.L's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for IGLN.L and EYED.L.
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Drawdown Indicators
| IGLN.L | EYED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -23.07% | -22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.39% | -17.04% | -7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -23.07% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.39% | — | — |
Current DrawdownCurrent decline from peak | -24.13% | -17.04% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -5.59% | -14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 4.24% | +4.14% |
Volatility
IGLN.L vs. EYED.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 9.08% compared to iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) at 8.37%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than EYED.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 | EYED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 8.37% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.04% | 20.25% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.95% | 22.95% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 22.37% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 22.37% | -6.70% |
IGLN.L vs. EYED.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than EYED.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. EYED.L - Dividend Comparison
IGLN.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 4.31%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 4.31% | 5.09% | 5.79% | 5.09% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLN.L and EYED.L have a correlation of 0.04, 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 EYED.L.
IGLN.L is categorized as Gold, while EYED.L is Energy Equities. IGLN.L tracks LBMA Gold Price, while EYED.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.12% for IGLN.L and 0.18% for EYED.L.
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