IGLS.L vs. MSFT
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) is European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, IGLS.L returned 0.91%/yr vs 25.03%/yr for MSFT. At a correlation of -0.03, they often move in opposite directions.
Performance
IGLS.L vs. MSFT - Performance Comparison
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Different Trading Currencies
IGLS.L is traded in GBP, while MSFT is traded in USD. To make them comparable, the MSFT values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLS.L achieves a 0.53% return, which is significantly higher than MSFT's -18.43% return. Over the past 10 years, IGLS.L has underperformed MSFT with an annualized return of 0.91%, while MSFT has yielded a comparatively higher 25.03% annualized return.
IGLS.L
- 1D
- 0.21%
- 1M
- 0.79%
- YTD
- 0.53%
- 6M
- 1.02%
- 1Y
- 2.97%
- 3Y*
- 4.62%
- 5Y*
- 1.36%
- 10Y*
- 0.91%
MSFT
- 1D
- 0.19%
- 1M
- -2.51%
- YTD
- -18.43%
- 6M
- -18.19%
- 1Y
- -16.45%
- 3Y*
- 4.02%
- 5Y*
- 10.70%
- 10Y*
- 25.03%
IGLS.L vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.53% | 5.26% | 2.65% | 4.19% | -4.44% | -1.68% | 1.48% | 1.05% | 0.14% | -0.38% |
MSFT Microsoft Corporation | -18.43% | 7.35% | 14.90% | 50.28% | -19.47% | 53.92% | 38.35% | 51.56% | 27.96% | 28.56% |
Correlation
The correlation between IGLS.L and MSFT is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | -0.03 |
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Return for Risk
IGLS.L vs. MSFT — Risk / Return Rank
IGLS.L
MSFT
IGLS.L vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and Microsoft Corporation (MSFT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGLS.L | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.90 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.48 | +2.00 |
| Martin ratioReturn relative to average drawdown | 5.12 | -0.94 | +6.06 |
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Drawdowns
IGLS.L vs. MSFT - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum MSFT drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for IGLS.L and MSFT.
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Drawdown Indicators
| IGLS.L | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -40.05% | +30.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -34.18% | +32.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -34.18% | +32.23% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -34.18% | +25.33% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -34.18% | +24.64% |
Current DrawdownCurrent decline from peak | -0.38% | -28.53% | +28.15% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -8.84% | +7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 17.53% | -16.95% |
Volatility
IGLS.L vs. MSFT - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.66%, while Microsoft Corporation (MSFT) has a volatility of 10.61%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLS.L | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 10.61% | -9.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 21.91% | -20.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 25.64% | -23.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 25.92% | -23.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 27.30% | -25.12% |
Dividends
IGLS.L vs. MSFT - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.97%, more than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.97% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
IGLS.L and MSFT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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