IGLN.L vs. GOOGL
IGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, IGLN.L returned 12.45%/yr vs 25.76%/yr for GOOGL. At a 0.01 correlation, their price movements are largely independent.
Performance
IGLN.L vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, IGLN.L achieves a -2.16% return, which is significantly lower than GOOGL's 15.06% return. Over the past 10 years, IGLN.L has underperformed GOOGL with an annualized return of 12.45%, while GOOGL has yielded a comparatively higher 25.76% annualized return.
IGLN.L
- 1D
- 3.37%
- 1M
- -10.03%
- YTD
- -2.16%
- 6M
- -1.54%
- 1Y
- 23.07%
- 3Y*
- 29.33%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
GOOGL
- 1D
- 0.53%
- 1M
- -10.27%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 106.51%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
IGLN.L vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -2.16% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between IGLN.L and GOOGL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.01 |
The correlation between IGLN.L and GOOGL shifts across timeframes, from 0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. GOOGL — Risk / Return Rank
IGLN.L
GOOGL
IGLN.L vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.59 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 5.20 | -4.15 |
| Martin ratioReturn relative to average drawdown | 3.27 | 18.48 | -15.22 |
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Drawdowns
IGLN.L vs. GOOGL - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for IGLN.L and GOOGL.
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Drawdown Indicators
| IGLN.L | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -65.29% | +20.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -20.37% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -29.81% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -44.32% | +21.30% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -44.32% | +21.30% |
Current DrawdownCurrent decline from peak | -20.43% | -10.61% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -13.01% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 5.72% | +1.69% |
Volatility
IGLN.L vs. GOOGL - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 7.69% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than GOOGL 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 | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 7.24% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 20.82% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 29.31% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 31.33% | -13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 29.13% | -13.50% |
Dividends
IGLN.L vs. GOOGL - Dividend Comparison
IGLN.L has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLN.L and GOOGL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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