IGLO.L vs. IGLN.L
IGLO.L (iShares Global Government Bond UCITS) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IGLO.L returned -0.82%/yr vs 13.42%/yr for IGLN.L. At a 0.44 correlation, their price movements are largely independent. IGLO.L charges 0.20%/yr vs 0.25%/yr for IGLN.L.
Performance
IGLO.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly lower than IGLN.L's 3.70% return. Over the past 10 years, IGLO.L has underperformed IGLN.L with an annualized return of -0.82%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
IGLO.L
- 1D
- 0.19%
- 1M
- -0.07%
- YTD
- -1.63%
- 6M
- -1.00%
- 1Y
- -0.09%
- 3Y*
- 1.45%
- 5Y*
- -3.35%
- 10Y*
- -0.82%
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%
IGLO.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 5.53% | -0.30% | 6.12% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
Correlation
The correlation between IGLO.L and IGLN.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.44 |
The correlation between IGLO.L and IGLN.L shifts across timeframes, from 0.35 (3 years) to 0.49 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLO.L vs. IGLN.L — Risk / Return Rank
IGLO.L
IGLN.L
IGLO.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and iShares Physical Gold ETC (IGLN.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.
| IGLO.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.86 | -1.88 |
| Martin ratioReturn relative to average drawdown | -0.05 | 4.79 | -4.85 |
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
| IGLO.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.30 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 1.07 | -1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.86 | -0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.46 | -0.33 |
Drawdowns
IGLO.L vs. IGLN.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IGLO.L and IGLN.L.
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Drawdown Indicators
| IGLO.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -45.24% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -17.36% | +13.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -17.36% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -21.15% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -21.15% | -6.86% |
Current DrawdownCurrent decline from peak | -19.08% | -15.66% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -19.80% | +11.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 6.74% | -5.07% |
Volatility
IGLO.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLO.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 6.36% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 21.73% | -17.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 24.78% | -18.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 17.36% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 15.54% | -8.88% |
IGLO.L vs. IGLN.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGLO.L vs. IGLN.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
Frequently Asked Questions
IGLO.L and IGLN.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLO.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
IGLO.L is categorized as Global Bonds, while IGLN.L is Gold. IGLO.L tracks Bloomberg Global Aggregate TR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for IGLO.L and 0.25% for IGLN.L.
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