IGLN.L vs. MKA.L
IGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while MKA.L (Mkango Resources Ltd) is a stock. Over the past 5 years, IGLN.L returned 18.45%/yr vs 8.51%/yr for MKA.L. At a 0.06 correlation, their price movements are largely independent.
Performance
IGLN.L vs. MKA.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while MKA.L is traded in GBp. To make them comparable, the MKA.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 3.00% return, which is significantly higher than MKA.L's -4.74% 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%
MKA.L
- 1D
- -4.77%
- 1M
- -4.49%
- YTD
- -4.74%
- 6M
- -11.08%
- 1Y
- 169.34%
- 3Y*
- 63.28%
- 5Y*
- 8.51%
- 10Y*
- —
IGLN.L vs. MKA.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% |
MKA.L Mkango Resources Ltd | -4.74% | 529.04% | -32.02% | -1.17% | -64.71% | 75.54% | 109.72% | 4.01% | 11.91% | 144.31% |
Correlation
The correlation between IGLN.L and MKA.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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016 | 0.06 |
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Return for Risk
IGLN.L vs. MKA.L — Risk / Return Rank
IGLN.L
MKA.L
IGLN.L vs. MKA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and Mkango Resources Ltd (MKA.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 | MKA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.26 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.85 | 6.90 | -2.04 |
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 | MKA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.77 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.11 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.27 | +0.18 |
Drawdowns
IGLN.L vs. MKA.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, smaller than the maximum MKA.L drawdown of -89.22%. Use the drawdown chart below to compare losses from any high point for IGLN.L and MKA.L.
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Drawdown Indicators
| IGLN.L | MKA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -89.22% | +43.98% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -51.55% | +34.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -66.46% | +49.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -89.22% | +68.07% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -16.23% | -35.13% | +18.90% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -45.49% | +25.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 24.45% | -17.79% |
Volatility
IGLN.L vs. MKA.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 6.40%, while Mkango Resources Ltd (MKA.L) has a volatility of 21.81%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than MKA.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 | MKA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 21.81% | -15.41% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 49.28% | -27.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 95.02% | -70.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 77.82% | -60.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 96.67% | -81.13% |
Dividends
IGLN.L vs. MKA.L - Dividend Comparison
Neither IGLN.L nor MKA.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and MKA.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.
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