IGLN.L vs. MVOL.L
IGLN.L (iShares Physical Gold ETC) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IGLN.L returned 12.38%/yr vs 6.83%/yr for MVOL.L. At a 0.14 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.35%/yr for MVOL.L.
Performance
IGLN.L vs. MVOL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLN.L achieves a -3.71% return, which is significantly lower than MVOL.L's -1.02% return. Over the past 10 years, IGLN.L has outperformed MVOL.L with an annualized return of 12.38%, while MVOL.L has yielded a comparatively lower 6.83% annualized return.
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%
MVOL.L
- 1D
- -0.01%
- 1M
- -2.61%
- YTD
- -1.02%
- 6M
- -0.53%
- 1Y
- 1.24%
- 3Y*
- 8.39%
- 5Y*
- 5.04%
- 10Y*
- 6.83%
IGLN.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | -1.02% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
Correlation
The correlation between IGLN.L and MVOL.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLN.L vs. MVOL.L — Risk / Return Rank
IGLN.L
MVOL.L
IGLN.L vs. MVOL.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 Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.33 | +0.67 |
| Martin ratioReturn relative to average drawdown | 2.93 | 0.77 | +2.16 |
Loading charts...
Drawdowns
IGLN.L vs. MVOL.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for IGLN.L and MVOL.L.
Loading charts...
Drawdown Indicators
| IGLN.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -28.82% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -5.78% | -17.24% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -8.15% | -14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -18.52% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -28.82% | +5.80% |
Current DrawdownCurrent decline from peak | -21.68% | -5.47% | -16.21% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -3.30% | -16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 2.51% | +5.37% |
Volatility
IGLN.L vs. MVOL.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 8.58% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.13%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLN.L | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 2.13% | +6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 5.74% | +17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.83% | 7.91% | +17.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 10.65% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 11.65% | +4.04% |
IGLN.L vs. MVOL.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
IGLN.L vs. MVOL.L - Dividend Comparison
Neither IGLN.L nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and MVOL.L have a correlation of 0.17, 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 0.35% for MVOL.L.
IGLN.L is categorized as Gold, while MVOL.L is Global Equities. IGLN.L tracks LBMA Gold Price, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for IGLN.L and 0.35% for MVOL.L.
Find the right allocation for IGLN.L and MVOL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer