IGLN.L vs. FLOS.L
IGLN.L (iShares Physical Gold ETC) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while FLOS.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist). Both are passively managed. Over the past 5 years, IGLN.L returned 17.30%/yr vs 3.66%/yr for FLOS.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
IGLN.L vs. FLOS.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while FLOS.L is traded in GBp. To make them comparable, the FLOS.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 -6.13% return, which is significantly lower than FLOS.L's 2.91% return.
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
FLOS.L
- 1D
- 0.00%
- 1M
- 1.17%
- 6M
- 2.88%
- YTD
- 2.91%
- 1Y
- 5.80%
- 3Y*
- 6.62%
- 5Y*
- 3.66%
- 10Y*
- —
IGLN.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | -0.89% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.91% | 12.69% | 4.47% | 11.59% | -9.95% | -0.80% | 3.25% | 6.53% | -6.08% | 4.73% |
Correlation
The correlation between IGLN.L and FLOS.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | 0.29 |
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Return for Risk
IGLN.L vs. FLOS.L — Risk / Return Rank
IGLN.L
FLOS.L
IGLN.L vs. FLOS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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 | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.20 | -0.33 |
| Martin ratioReturn relative to average drawdown | 2.15 | 2.80 | -0.65 |
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Drawdowns
IGLN.L vs. FLOS.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, which is greater than FLOS.L's maximum drawdown of -30.24%. Use the drawdown chart below to compare losses from any high point for IGLN.L and FLOS.L.
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Drawdown Indicators
| IGLN.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -30.24% | -15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.39% | -4.48% | -19.91% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -7.75% | -16.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -23.39% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -24.39% | — | — |
Current DrawdownCurrent decline from peak | -23.66% | -0.36% | -23.30% |
Average DrawdownAverage peak-to-trough decline | -19.73% | -6.48% | -13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 1.93% | +8.04% |
Volatility
IGLN.L vs. FLOS.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 7.59% compared to iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) at 1.58%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than FLOS.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 | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 1.58% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 5.21% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.39% | 6.78% | +19.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 8.72% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 9.62% | +6.12% |
IGLN.L vs. FLOS.L - Expense Ratio Comparison
Both IGLN.L and FLOS.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLN.L vs. FLOS.L - Dividend Comparison
IGLN.L has not paid dividends to shareholders, while FLOS.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLN.L and FLOS.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L and FLOS.L have the same expense ratio: 0.12% per year.
IGLN.L is categorized as Gold, while FLOS.L is Ultrashort Bond. IGLN.L tracks LBMA Gold Price, while FLOS.L tracks iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist).
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