IGLN.L vs. IUES.L
IGLN.L (iShares Physical Gold ETC) and IUES.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 IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IGLN.L returned 13.40%/yr vs 9.52%/yr for IUES.L. At a 0.03 correlation, their price movements are largely independent. IGLN.L charges 0.25%/yr vs 0.15%/yr for IUES.L.
Performance
IGLN.L vs. IUES.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 IUES.L's 30.93% return. Over the past 10 years, IGLN.L has outperformed IUES.L with an annualized return of 13.40%, while IUES.L has yielded a comparatively lower 9.52% annualized 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%
IUES.L
- 1D
- 2.28%
- 1M
- 0.12%
- YTD
- 30.93%
- 6M
- 30.27%
- 1Y
- 44.67%
- 3Y*
- 17.06%
- 5Y*
- 20.42%
- 10Y*
- 9.52%
IGLN.L vs. IUES.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% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 30.93% | 9.82% | 3.87% | -0.63% | 63.84% | 51.95% | -33.35% | 8.81% | -18.12% | -1.19% |
Correlation
The correlation between IGLN.L and IUES.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2015 | 0.03 |
The correlation between IGLN.L and IUES.L shifts across timeframes, from -0.04 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. IUES.L — Risk / Return Rank
IGLN.L
IUES.L
IGLN.L vs. IUES.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) (IUES.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 | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.07 | -1.21 |
| Martin ratioReturn relative to average drawdown | 4.85 | 9.67 | -4.81 |
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 | IUES.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.04 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.76 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.33 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.31 | +0.14 |
Drawdowns
IGLN.L vs. IUES.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, smaller than the maximum IUES.L drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for IGLN.L and IUES.L.
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Drawdown Indicators
| IGLN.L | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -66.78% | +21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -14.49% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -20.90% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -27.98% | +6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -66.78% | +45.63% |
Current DrawdownCurrent decline from peak | -16.23% | -7.11% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -14.21% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 4.61% | +2.05% |
Volatility
IGLN.L vs. IUES.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 6.40%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 8.17%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than IUES.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 | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 8.17% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 18.58% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 21.87% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 26.72% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 28.50% | -12.96% |
IGLN.L vs. IUES.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than IUES.L's 0.15% 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. IUES.L - Dividend Comparison
Neither IGLN.L nor IUES.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and IUES.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while IUES.L is Energy Equities. IGLN.L tracks LBMA Gold Price, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.25% for IGLN.L and 0.15% for IUES.L.
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