IGLN.L vs. SWDA.L
IGLN.L (iShares Physical Gold ETC) and SWDA.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 SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IGLN.L returned 13.40%/yr vs 13.16%/yr for SWDA.L. At a 0.07 correlation, their price movements are largely independent. IGLN.L charges 0.25%/yr vs 0.20%/yr for SWDA.L.
Performance
IGLN.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.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 lower than SWDA.L's 9.66% return. Both investments have delivered pretty close results over the past 10 years, with IGLN.L having a 13.40% annualized return and SWDA.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%
SWDA.L
- 1D
- -0.52%
- 1M
- 4.05%
- YTD
- 9.66%
- 6M
- 10.89%
- 1Y
- 26.32%
- 3Y*
- 20.84%
- 5Y*
- 11.84%
- 10Y*
- 13.16%
IGLN.L vs. SWDA.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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.66% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between IGLN.L and SWDA.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.07 |
Over the past year, IGLN.L and SWDA.L have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
IGLN.L vs. SWDA.L — Risk / Return Rank
IGLN.L
SWDA.L
IGLN.L vs. SWDA.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) (SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.05 | -1.19 |
| Martin ratioReturn relative to average drawdown | 4.85 | 13.43 | -8.58 |
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 | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.30 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.77 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.83 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.73 | -0.27 |
Drawdowns
IGLN.L vs. SWDA.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than SWDA.L's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IGLN.L and SWDA.L.
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Drawdown Indicators
| IGLN.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -33.62% | -11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -8.59% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.07% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -26.50% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -33.62% | +12.47% |
Current DrawdownCurrent decline from peak | -16.23% | -0.52% | -15.71% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -4.58% | -15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.95% | +4.71% |
Volatility
IGLN.L vs. SWDA.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) (SWDA.L) at 2.76%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 2.76% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 8.57% | +13.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.79% | 11.42% | +13.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.30% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.74% | -0.20% |
IGLN.L vs. SWDA.L - Expense Ratio Comparison
IGLN.L has a 0.25% expense ratio, which is higher than SWDA.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. SWDA.L - Dividend Comparison
Neither IGLN.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and SWDA.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
IGLN.L is categorized as Gold, while SWDA.L is Global Equities. IGLN.L tracks LBMA Gold Price, while SWDA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for IGLN.L and 0.20% for SWDA.L.
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