IGLN.L vs. IWDA.L
IGLN.L (iShares Physical Gold ETC) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IGLN.L returned 13.40%/yr vs 13.16%/yr for IWDA.L. At a 0.09 correlation, their price movements are largely independent. IGLN.L charges 0.25%/yr vs 0.20%/yr for IWDA.L.
Performance
IGLN.L vs. IWDA.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 IWDA.L's 9.72% return. Both investments have delivered pretty close results over the past 10 years, with IGLN.L having a 13.40% annualized return and IWDA.L not far behind at 13.16%.
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%
IWDA.L
- 1D
- -0.53%
- 1M
- 3.71%
- YTD
- 9.72%
- 6M
- 11.08%
- 1Y
- 26.39%
- 3Y*
- 20.81%
- 5Y*
- 11.83%
- 10Y*
- 13.16%
IGLN.L vs. IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.72% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.77% |
Correlation
The correlation between IGLN.L and IWDA.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.09 |
Over the past year, IGLN.L and IWDA.L have become more correlated (0.33) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
IGLN.L vs. IWDA.L — Risk / Return Rank
IGLN.L
IWDA.L
IGLN.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.16 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.85 | 13.37 | -8.52 |
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 | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.20 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.75 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.83 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.79 | -0.34 |
Drawdowns
IGLN.L vs. IWDA.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IGLN.L and IWDA.L.
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Drawdown Indicators
| IGLN.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -34.11% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -8.31% | -9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.94% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -25.88% | +4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -34.11% | +12.96% |
Current DrawdownCurrent decline from peak | -16.23% | -0.53% | -15.70% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -4.44% | -15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.97% | +4.69% |
Volatility
IGLN.L vs. IWDA.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.40% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.42%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 3.42% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 9.20% | +12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 11.95% | +12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.68% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.91% | -0.37% |
IGLN.L vs. IWDA.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than IWDA.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. IWDA.L - Dividend Comparison
Neither IGLN.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and IWDA.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while IWDA.L is Global Equities. IGLN.L tracks LBMA Gold Price, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.25% for IGLN.L and 0.20% for IWDA.L.
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