IGLN.L vs. ISAC.L
IGLN.L (iShares Physical Gold ETC) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IGLN.L returned 13.40%/yr vs 12.76%/yr for ISAC.L. At a 0.10 correlation, their price movements are largely independent. IGLN.L charges 0.25%/yr vs 0.20%/yr for ISAC.L.
Performance
IGLN.L vs. ISAC.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 lower than ISAC.L's 11.65% return. Both investments have delivered pretty close results over the past 10 years, with IGLN.L having a 13.40% annualized return and ISAC.L not far behind at 12.76%.
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%
ISAC.L
- 1D
- -0.62%
- 1M
- 4.39%
- YTD
- 11.65%
- 6M
- 13.33%
- 1Y
- 29.59%
- 3Y*
- 21.27%
- 5Y*
- 11.41%
- 10Y*
- 12.76%
IGLN.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 3.00% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.65% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.77% | -9.73% | 24.39% |
Correlation
The correlation between IGLN.L and ISAC.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2011 | 0.10 |
Over the past year, IGLN.L and ISAC.L have become more correlated (0.35) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IGLN.L vs. ISAC.L — Risk / Return Rank
IGLN.L
ISAC.L
IGLN.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.36 | -1.50 |
| Martin ratioReturn relative to average drawdown | 4.85 | 14.09 | -9.24 |
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 | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.38 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.73 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.80 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.75 | -0.30 |
Drawdowns
IGLN.L vs. ISAC.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IGLN.L and ISAC.L.
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Drawdown Indicators
| IGLN.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -33.82% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -8.77% | -8.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.56% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -26.07% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -33.82% | +12.67% |
Current DrawdownCurrent decline from peak | -16.23% | -0.62% | -15.61% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -4.69% | -15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 2.09% | +4.57% |
Volatility
IGLN.L vs. ISAC.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.40% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.83%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 3.83% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 9.77% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 12.42% | +12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.57% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.95% | -0.41% |
IGLN.L vs. ISAC.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than ISAC.L's 0.20% expense ratio. However, 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. ISAC.L - Dividend Comparison
Neither IGLN.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and ISAC.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while ISAC.L is Global Equities. IGLN.L tracks LBMA Gold Price, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.25% for IGLN.L and 0.20% for ISAC.L.
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