IGLN.L vs. WLDS.L
IGLN.L (iShares Physical Gold ETC) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - IGLN.L is a Gold fund tracking the LBMA Gold Price, while WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Both are passively managed. Over the past 5 years, IGLN.L returned 17.89%/yr vs 6.40%/yr for WLDS.L. At a 0.16 correlation, their price movements are largely independent. IGLN.L charges 0.12%/yr vs 0.35%/yr for WLDS.L.
Performance
IGLN.L vs. WLDS.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while WLDS.L is traded in GBP. To make them comparable, the WLDS.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 WLDS.L's 12.04% 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%
WLDS.L
- 1D
- -0.08%
- 1M
- -0.44%
- YTD
- 12.04%
- 6M
- 13.51%
- 1Y
- 29.06%
- 3Y*
- 16.55%
- 5Y*
- 6.40%
- 10Y*
- —
IGLN.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.50% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -5.52% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 12.04% | 20.19% | 6.82% | 17.13% | -18.63% | 15.66% | 15.99% | 25.24% | -37.96% |
Correlation
The correlation between IGLN.L and WLDS.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.16 |
The correlation between IGLN.L and WLDS.L shifts across timeframes, from 0.16 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. WLDS.L — Risk / Return Rank
IGLN.L
WLDS.L
IGLN.L vs. WLDS.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 Small Cap UCITS ETF (WLDS.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 | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.16 | -1.53 |
| Martin ratioReturn relative to average drawdown | 4.30 | 11.48 | -7.18 |
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 | WLDS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.02 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.29 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.18 | +0.25 |
Drawdowns
IGLN.L vs. WLDS.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum WLDS.L drawdown of -53.62%. Use the drawdown chart below to compare losses from any high point for IGLN.L and WLDS.L.
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Drawdown Indicators
| IGLN.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -53.62% | +8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -18.26% | -9.16% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -20.00% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -30.96% | +9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -21.15% | — | — |
Current DrawdownCurrent decline from peak | -18.26% | -2.06% | -16.20% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -15.96% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 2.52% | +4.41% |
Volatility
IGLN.L vs. WLDS.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 6.10% compared to iShares MSCI World Small Cap UCITS ETF (WLDS.L) at 4.28%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than WLDS.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 | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.28% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 10.84% | +11.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 14.38% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 22.20% | -4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 24.09% | -8.53% |
IGLN.L vs. WLDS.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.
Dividends
IGLN.L vs. WLDS.L - Dividend Comparison
Neither IGLN.L nor WLDS.L has paid dividends to shareholders.
Frequently Asked Questions
IGLN.L and WLDS.L have a correlation of 0.34, 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 WLDS.L.
IGLN.L is categorized as Gold, while WLDS.L is Small Cap Blend Equities. IGLN.L tracks LBMA Gold Price, while WLDS.L tracks MSCI World Small Cap Inde. Their fees differ too: 0.12% for IGLN.L and 0.35% for WLDS.L.
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