IGLN.L vs. GLDI.L
IGLN.L (iShares Physical Gold ETC) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. IGLN.L is passively managed, while GLDI.L is actively managed. Over the past year, IGLN.L returned 32.44% vs 28.07% for GLDI.L. Their correlation of 0.86 suggests significant overlap in exposure. IGLN.L charges 0.25%/yr vs 0.35%/yr for GLDI.L.
Performance
IGLN.L vs. GLDI.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLN.L achieves a 3.00% return, which is significantly higher than GLDI.L's -0.59% return.
IGLN.L
- 1D
- -1.45%
- 1M
- -4.23%
- YTD
- 3.00%
- 6M
- 5.09%
- 1Y
- 32.44%
- 3Y*
- 31.11%
- 5Y*
- 18.45%
- 10Y*
- 13.40%
GLDI.L
- 1D
- -0.94%
- 1M
- -2.78%
- YTD
- -0.59%
- 6M
- 1.32%
- 1Y
- 28.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLN.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 3.00% | 64.92% | 8.47% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.59% | 61.04% | 6.19% |
Correlation
The correlation between IGLN.L and GLDI.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.86 |
The correlation between IGLN.L and GLDI.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
IGLN.L vs. GLDI.L — Risk / Return Rank
IGLN.L
GLDI.L
IGLN.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and IncomeShares Gold+ Yield ETP (GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.70 | +0.16 |
| Martin ratioReturn relative to average drawdown | 4.85 | 4.38 | +0.48 |
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 | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.29 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.75 | -1.30 |
Drawdowns
IGLN.L vs. GLDI.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than GLDI.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for IGLN.L and GLDI.L.
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Drawdown Indicators
| IGLN.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -16.47% | -28.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -16.47% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | — | — |
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 | -16.23% | -14.92% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -3.35% | -16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 6.39% | +0.27% |
Volatility
IGLN.L vs. GLDI.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.40% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.55%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 4.55% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 18.56% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 21.68% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 18.80% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 18.80% | -3.26% |
IGLN.L vs. GLDI.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is lower than GLDI.L's 0.35% expense ratio.
Dividends
IGLN.L vs. GLDI.L - Dividend Comparison
IGLN.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.72%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 12.72% | 9.15% | 1.08% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLN.L and GLDI.L have a correlation of 0.84, 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 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.25% expense ratio, compared with 0.35% for GLDI.L.
IGLN.L is categorized as Gold, while GLDI.L is Derivative Income. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.25% for IGLN.L and 0.35% for GLDI.L.
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