IGLN.L vs. GBSP.L
Compare and contrast key facts about iShares Physical Gold ETC (IGLN.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L).
IGLN.L and GBSP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. GBSP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold (GBP Hedged). It was launched on Mar 18, 2013. Both IGLN.L and GBSP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IGLN.L vs. GBSP.L - Performance Comparison
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IGLN.L vs. GBSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 10.91% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 9.16% | 75.62% | 22.93% | 17.64% | -12.23% | -5.78% | 25.57% | 19.16% | -9.95% | 18.76% |
Different Trading Currencies
IGLN.L is traded in USD, while GBSP.L is traded in GBp. To make them comparable, the GBSP.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 10.91% return, which is significantly higher than GBSP.L's 9.16% return. Over the past 10 years, IGLN.L has outperformed GBSP.L with an annualized return of 14.51%, while GBSP.L has yielded a comparatively lower 11.43% annualized return.
IGLN.L
- 1D
- 3.60%
- 1M
- -9.80%
- YTD
- 10.91%
- 6M
- 23.69%
- 1Y
- 52.73%
- 3Y*
- 34.04%
- 5Y*
- 22.41%
- 10Y*
- 14.51%
GBSP.L
- 1D
- 4.16%
- 1M
- -10.75%
- YTD
- 9.16%
- 6M
- 21.28%
- 1Y
- 55.16%
- 3Y*
- 36.00%
- 5Y*
- 20.01%
- 10Y*
- 11.43%
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IGLN.L vs. GBSP.L - Expense Ratio Comparison
Both IGLN.L and GBSP.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
IGLN.L vs. GBSP.L — Risk / Return Rank
IGLN.L
GBSP.L
IGLN.L vs. GBSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.87 | +0.13 |
Sortino ratioReturn per unit of downside risk | 2.48 | 2.36 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.70 | +0.33 |
Martin ratioReturn relative to average drawdown | 11.51 | 9.65 | +1.86 |
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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.87 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 0.94 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.58 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.28 | +0.21 |
Correlation
The correlation between IGLN.L and GBSP.L is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IGLN.L vs. GBSP.L - Dividend Comparison
Neither IGLN.L nor GBSP.L has paid dividends to shareholders.
Drawdowns
IGLN.L vs. GBSP.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, roughly equal to the maximum GBSP.L drawdown of -46.33%. Use the drawdown chart below to compare losses from any high point for IGLN.L and GBSP.L.
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Drawdown Indicators
| IGLN.L | GBSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -37.30% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -17.53% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.05% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -22.99% | +1.84% |
Current DrawdownCurrent decline from peak | -9.80% | -10.08% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -19.88% | -17.58% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 4.63% | -0.05% |
Volatility
IGLN.L vs. GBSP.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) have volatilities of 11.63% and 11.36%, 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 | GBSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.63% | 11.36% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 23.60% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 29.39% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 21.23% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 19.72% | -4.31% |