IGLN.L vs. ISLN.L
IGLN.L (iShares Physical Gold ETC) and ISLN.L (iShares Physical Silver ETC) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while ISLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, IGLN.L returned 13.42%/yr vs 15.84%/yr for ISLN.L. A 0.75 correlation means they provide meaningful diversification when combined. IGLN.L charges 0.25%/yr vs 0.20%/yr for ISLN.L.
Performance
IGLN.L vs. ISLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLN.L achieves a 3.70% return, which is significantly higher than ISLN.L's 2.87% return. Over the past 10 years, IGLN.L has underperformed ISLN.L with an annualized return of 13.42%, while ISLN.L has yielded a comparatively higher 15.84% annualized return.
IGLN.L
- 1D
- 0.68%
- 1M
- -2.35%
- YTD
- 3.70%
- 6M
- 6.03%
- 1Y
- 32.37%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
ISLN.L
- 1D
- 0.43%
- 1M
- 0.11%
- YTD
- 2.87%
- 6M
- 29.09%
- 1Y
- 113.78%
- 3Y*
- 45.97%
- 5Y*
- 21.30%
- 10Y*
- 15.84%
IGLN.L vs. ISLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
ISLN.L iShares Physical Silver ETC | 2.87% | 147.59% | 21.12% | -0.77% | 3.39% | -12.85% | 45.85% | 16.35% | -8.76% | 3.68% |
Correlation
The correlation between IGLN.L and ISLN.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.75 |
The correlation between IGLN.L and ISLN.L has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
IGLN.L vs. ISLN.L — Risk / Return Rank
IGLN.L
ISLN.L
IGLN.L vs. ISLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares Physical Silver ETC (ISLN.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 | ISLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.78 | -0.93 |
| Martin ratioReturn relative to average drawdown | 4.79 | 6.08 | -1.29 |
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 | ISLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.99 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.60 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.51 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.12 | +0.34 |
Drawdowns
IGLN.L vs. ISLN.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, smaller than the maximum ISLN.L drawdown of -76.63%. Use the drawdown chart below to compare losses from any high point for IGLN.L and ISLN.L.
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Drawdown Indicators
| IGLN.L | ISLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -76.63% | +31.39% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -40.67% | +23.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -40.67% | +23.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -40.67% | +19.52% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -42.90% | +21.75% |
Current DrawdownCurrent decline from peak | -15.66% | -35.25% | +19.59% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -54.28% | +34.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 18.63% | -11.89% |
Volatility
IGLN.L vs. ISLN.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 6.36%, while iShares Physical Silver ETC (ISLN.L) has a volatility of 17.61%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than ISLN.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 | ISLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 17.61% | -11.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 54.22% | -32.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 56.90% | -32.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 35.49% | -18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 30.92% | -15.38% |
IGLN.L vs. ISLN.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than ISLN.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. ISLN.L - Dividend Comparison
Neither IGLN.L nor ISLN.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and ISLN.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISLN.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while ISLN.L is Silver. IGLN.L tracks LBMA Gold Price, while ISLN.L tracks LBMA Silver Price. Their fees differ too: 0.25% for IGLN.L and 0.20% for ISLN.L.
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