IGLN.L vs. IWFQ.L
IGLN.L (iShares Physical Gold ETC) and IWFQ.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IGLN.L returned 12.45%/yr vs 12.73%/yr for IWFQ.L. At a 0.05 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.30%/yr for IWFQ.L.
Performance
IGLN.L vs. IWFQ.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while IWFQ.L is traded in GBp. To make them comparable, the IWFQ.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 -2.16% return, which is significantly lower than IWFQ.L's 8.60% return. Both investments have delivered pretty close results over the past 10 years, with IGLN.L having a 12.45% annualized return and IWFQ.L not far ahead at 12.73%.
IGLN.L
- 1D
- 3.37%
- 1M
- -10.03%
- YTD
- -2.16%
- 6M
- -1.54%
- 1Y
- 23.07%
- 3Y*
- 29.33%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
IWFQ.L
- 1D
- 1.10%
- 1M
- 1.87%
- YTD
- 8.60%
- 6M
- 9.69%
- 1Y
- 21.48%
- 3Y*
- 17.72%
- 5Y*
- 10.26%
- 10Y*
- 12.73%
IGLN.L vs. IWFQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -2.16% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 8.60% | 15.51% | 16.94% | 25.44% | -19.22% | 24.04% | 14.33% | 30.91% | -7.87% | 23.17% |
Correlation
The correlation between IGLN.L and IWFQ.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.05 |
Over the past year, IGLN.L and IWFQ.L have become more correlated (0.30) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IGLN.L vs. IWFQ.L — Risk / Return Rank
IGLN.L
IWFQ.L
IGLN.L vs. IWFQ.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 World Quality Factor UCITS (IWFQ.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 | IWFQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.25 | -1.19 |
| Martin ratioReturn relative to average drawdown | 3.27 | 9.64 | -6.38 |
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Drawdowns
IGLN.L vs. IWFQ.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, which is greater than IWFQ.L's maximum drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for IGLN.L and IWFQ.L.
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Drawdown Indicators
| IGLN.L | IWFQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -41.23% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -8.90% | -14.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -19.07% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -28.30% | +5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -32.13% | +9.11% |
Current DrawdownCurrent decline from peak | -20.43% | 0.00% | -20.43% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -14.27% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 2.08% | +5.33% |
Volatility
IGLN.L vs. IWFQ.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 7.69% compared to iShares MSCI World Quality Factor UCITS (IWFQ.L) at 2.71%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than IWFQ.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 | IWFQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 2.71% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 8.58% | +13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 11.17% | +14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 20.53% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 18.24% | -2.61% |
IGLN.L vs. IWFQ.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than IWFQ.L's 0.30% expense ratio.
Dividends
IGLN.L vs. IWFQ.L - Dividend Comparison
Neither IGLN.L nor IWFQ.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and IWFQ.L have a correlation of 0.30, 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 0.30% for IWFQ.L.
IGLN.L is categorized as Gold, while IWFQ.L is Global Equities. IGLN.L tracks LBMA Gold Price, while IWFQ.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for IGLN.L and 0.30% for IWFQ.L.
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