IGLN.L vs. WENS.L
IGLN.L (iShares Physical Gold ETC) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, IGLN.L returned 31.55%/yr vs 16.80%/yr for WENS.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IGLN.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while WENS.L is traded in GBP. To make them comparable, the WENS.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 3.70% return, which is significantly lower than WENS.L's 31.06% return.
IGLN.L
- 1D
- 0.68%
- 1M
- -2.35%
- YTD
- 3.70%
- 6M
- 6.03%
- 1Y
- 32.37%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
WENS.L
- 1D
- -0.38%
- 1M
- -1.47%
- YTD
- 31.06%
- 6M
- 27.61%
- 1Y
- 42.63%
- 3Y*
- 16.80%
- 5Y*
- —
- 10Y*
- —
IGLN.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | 0.58% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.06% | 11.03% | 0.39% | 3.17% | 16.86% |
Correlation
The correlation between IGLN.L and WENS.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.13 |
The correlation between IGLN.L and WENS.L shifts across timeframes, from -0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. WENS.L — Risk / Return Rank
IGLN.L
WENS.L
IGLN.L vs. WENS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.39 | -1.53 |
| Martin ratioReturn relative to average drawdown | 4.79 | 11.47 | -6.68 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.06 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.69 | -0.24 |
Drawdowns
IGLN.L vs. WENS.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.24%, which is greater than WENS.L's maximum drawdown of -20.04%. Use the drawdown chart below to compare losses from any high point for IGLN.L and WENS.L.
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Drawdown Indicators
| IGLN.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.24% | -20.04% | -25.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -12.53% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -20.04% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -15.66% | -5.96% | -9.70% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -5.44% | -14.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 3.71% | +3.03% |
Volatility
IGLN.L vs. WENS.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (IGLN.L) is 6.36%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.63%. This indicates that IGLN.L experiences smaller price fluctuations and is considered to be less risky than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 7.63% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 17.84% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 20.64% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 22.39% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 22.39% | -6.85% |
IGLN.L vs. WENS.L - Expense Ratio Comparison
Both IGLN.L and WENS.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLN.L vs. WENS.L - Dividend Comparison
Neither IGLN.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
IGLN.L and WENS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L and WENS.L have the same expense ratio: 0.25% per year.
IGLN.L is categorized as Gold, while WENS.L is Energy Equities. IGLN.L tracks LBMA Gold Price, while WENS.L tracks MSCI World/Energy NR USD.
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