IGLN.L vs. IESU.L
IGLN.L (iShares Physical Gold ETC) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, IGLN.L returned 11.46%/yr vs 8.78%/yr for IESU.L. At a 0.00 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.15%/yr for IESU.L.
Performance
IGLN.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while IESU.L is traded in GBp. To make them comparable, the IESU.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 -6.99% return, which is significantly lower than IESU.L's 28.54% return. Over the past 10 years, IGLN.L has outperformed IESU.L with an annualized return of 11.46%, while IESU.L has yielded a comparatively lower 8.78% annualized return.
IGLN.L
- 1D
- -0.10%
- 1M
- -7.99%
- 6M
- -12.72%
- YTD
- -6.99%
- 1Y
- 20.04%
- 3Y*
- 26.35%
- 5Y*
- 17.08%
- 10Y*
- 11.46%
IESU.L
- 1D
- 0.85%
- 1M
- 6.06%
- 6M
- 21.20%
- YTD
- 28.54%
- 1Y
- 36.33%
- 3Y*
- 14.63%
- 5Y*
- 22.27%
- 10Y*
- 8.78%
IGLN.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -6.99% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.54% | 9.98% | 3.69% | -1.00% | 63.91% | 52.43% | -33.64% | 9.60% | -18.29% | -1.45% |
Correlation
The correlation between IGLN.L and IESU.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.00 |
The correlation between IGLN.L and IESU.L shifts across timeframes, from -0.11 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. IESU.L — Risk / Return Rank
IGLN.L
IESU.L
IGLN.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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 | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.21 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.96 | 5.65 | -3.69 |
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Drawdowns
IGLN.L vs. IESU.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum IESU.L drawdown of -72.57%. Use the drawdown chart below to compare losses from any high point for IGLN.L and IESU.L.
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Drawdown Indicators
| IGLN.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -72.57% | +27.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.39% | -16.37% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -22.55% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -27.74% | +3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -24.39% | -66.85% | +42.46% |
Current DrawdownCurrent decline from peak | -24.36% | -8.87% | -15.49% |
Average DrawdownAverage peak-to-trough decline | -19.73% | -24.88% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 6.42% | +3.79% |
Volatility
IGLN.L vs. IESU.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) have volatilities of 7.02% and 6.97%, 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 | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.97% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | 21.03% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.37% | 23.89% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 29.47% | -11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 29.81% | -14.07% |
IGLN.L vs. IESU.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than IESU.L's 0.15% 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. IESU.L - Dividend Comparison
Neither IGLN.L nor IESU.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and IESU.L have a correlation of -0.11, 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 0.15% for IESU.L.
IGLN.L is categorized as Gold, while IESU.L is Energy Equities. IGLN.L tracks LBMA Gold Price, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. Their fees differ too: 0.12% for IGLN.L and 0.15% for IESU.L.
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