IGLN.L vs. UC15.L
IGLN.L (iShares Physical Gold ETC) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while UC15.L is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 10 years, IGLN.L returned 12.87%/yr vs 8.76%/yr for UC15.L. At a 0.25 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.34%/yr for UC15.L.
Performance
IGLN.L vs. UC15.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while UC15.L is traded in GBp. To make them comparable, the UC15.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 0.50% return, which is significantly lower than UC15.L's 20.85% return. Over the past 10 years, IGLN.L has outperformed UC15.L with an annualized return of 12.87%, while UC15.L has yielded a comparatively lower 8.76% annualized return.
IGLN.L
- 1D
- -0.32%
- 1M
- -8.04%
- YTD
- 0.50%
- 6M
- 3.23%
- 1Y
- 29.84%
- 3Y*
- 30.05%
- 5Y*
- 17.89%
- 10Y*
- 12.87%
UC15.L
- 1D
- 1.09%
- 1M
- -1.35%
- YTD
- 20.85%
- 6M
- 22.12%
- 1Y
- 28.98%
- 3Y*
- 12.79%
- 5Y*
- 11.31%
- 10Y*
- 8.76%
IGLN.L vs. UC15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.50% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 20.85% | 10.01% | 4.66% | -1.58% | 16.07% | 34.87% | 0.50% | 9.54% | -11.09% | 7.02% |
Correlation
The correlation between IGLN.L and UC15.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.25 |
The correlation between IGLN.L and UC15.L shifts across timeframes, from 0.11 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. UC15.L — Risk / Return Rank
IGLN.L
UC15.L
IGLN.L vs. UC15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.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 | UC15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 5.20 | -3.57 |
| Martin ratioReturn relative to average drawdown | 4.30 | 13.18 | -8.89 |
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 | UC15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.20 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.57 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.51 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.01 | +0.43 |
Drawdowns
IGLN.L vs. UC15.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum UC15.L drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for IGLN.L and UC15.L.
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Drawdown Indicators
| IGLN.L | UC15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -98.90% | +53.65% |
Max Drawdown (1Y)Largest decline over 1 year | -18.26% | -5.55% | -12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -22.29% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.29% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | -35.40% | +14.25% |
Current DrawdownCurrent decline from peak | -18.26% | -4.52% | -13.74% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -22.24% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 2.19% | +4.74% |
Volatility
IGLN.L vs. UC15.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.10% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) at 5.00%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than UC15.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 | UC15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.00% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 11.09% | +10.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 13.16% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 19.83% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 17.21% | -1.65% |
IGLN.L vs. UC15.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than UC15.L's 0.34% expense ratio.
Dividends
IGLN.L vs. UC15.L - Dividend Comparison
Neither IGLN.L nor UC15.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and UC15.L have a correlation of 0.11, 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 0.34% for UC15.L.
IGLN.L is categorized as Gold, while UC15.L is Commodities. IGLN.L tracks LBMA Gold Price, while UC15.L tracks UBS CMCI. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for IGLN.L and 0.34% for UC15.L.
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