IGLN.L vs. IWVL.L
IGLN.L (iShares Physical Gold ETC) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, IGLN.L returned 12.38%/yr vs 12.93%/yr for IWVL.L. At a 0.10 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.25%/yr for IWVL.L.
Performance
IGLN.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLN.L achieves a -3.71% return, which is significantly lower than IWVL.L's 33.55% return. Both investments have delivered pretty close results over the past 10 years, with IGLN.L having a 12.38% annualized return and IWVL.L not far ahead at 12.93%.
IGLN.L
- 1D
- -1.88%
- 1M
- -8.11%
- YTD
- -3.71%
- 6M
- -4.54%
- 1Y
- 23.15%
- 3Y*
- 28.83%
- 5Y*
- 18.36%
- 10Y*
- 12.38%
IWVL.L
- 1D
- -0.10%
- 1M
- 4.07%
- YTD
- 33.55%
- 6M
- 34.67%
- 1Y
- 65.18%
- 3Y*
- 28.64%
- 5Y*
- 17.14%
- 10Y*
- 12.93%
IGLN.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -3.71% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 33.55% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
Correlation
The correlation between IGLN.L and IWVL.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.10 |
Over the past year, IGLN.L and IWVL.L have become more correlated (0.36) 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. IWVL.L — Risk / Return Rank
IGLN.L
IWVL.L
IGLN.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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 | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.73 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 7.52 | -6.52 |
| Martin ratioReturn relative to average drawdown | 2.93 | 27.49 | -24.56 |
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Drawdowns
IGLN.L vs. IWVL.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, which is greater than IWVL.L's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for IGLN.L and IWVL.L.
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Drawdown Indicators
| IGLN.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -39.30% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -8.74% | -14.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -14.46% | -8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -26.55% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -39.30% | +16.28% |
Current DrawdownCurrent decline from peak | -21.68% | -1.45% | -20.23% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -7.46% | -12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 2.39% | +5.49% |
Volatility
IGLN.L vs. IWVL.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 8.58% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.20%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than IWVL.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 | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 6.20% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 13.71% | +9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.83% | 16.23% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.12% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 17.00% | -1.31% |
IGLN.L vs. IWVL.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than IWVL.L's 0.25% expense ratio. Despite the difference, 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. IWVL.L - Dividend Comparison
Neither IGLN.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and IWVL.L have a correlation of 0.36, 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 0.25% for IWVL.L.
IGLN.L is categorized as Gold, while IWVL.L is Global Equities. IGLN.L tracks LBMA Gold Price, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.12% for IGLN.L and 0.25% for IWVL.L.
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