IGLS.L vs. UC15.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while UC15.L is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 10 years, IGLS.L returned 0.89%/yr vs 9.68%/yr for UC15.L. At a correlation of -0.09, they often move in opposite directions. IGLS.L charges 0.07%/yr vs 0.34%/yr for UC15.L.
Performance
IGLS.L vs. UC15.L - Performance Comparison
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Different Trading Currencies
IGLS.L is traded in GBP, while UC15.L is traded in GBp. To make them comparable, the UC15.L 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 0.26% return, which is significantly lower than UC15.L's 21.49% return. Over the past 10 years, IGLS.L has underperformed UC15.L with an annualized return of 0.89%, while UC15.L has yielded a comparatively higher 9.68% annualized return.
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
UC15.L
- 1D
- -1.31%
- 1M
- -0.91%
- YTD
- 21.49%
- 6M
- 22.05%
- 1Y
- 32.45%
- 3Y*
- 10.32%
- 5Y*
- 12.77%
- 10Y*
- 9.68%
IGLS.L vs. UC15.L - 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) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 21.49% | 2.57% | 6.44% | -6.52% | 29.97% | 36.11% | -2.49% | 5.31% | -5.25% | -2.80% |
Correlation
The correlation between IGLS.L and UC15.L is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2013 | -0.09 |
Over the past year, the inverse relationship between IGLS.L and UC15.L has strengthened: their correlation has moved from -0.09 to -0.37, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IGLS.L vs. UC15.L — Risk / Return Rank
IGLS.L
UC15.L
IGLS.L vs. UC15.L - 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 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.
| IGLS.L | UC15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 5.23 | -3.63 |
| Martin ratioReturn relative to average drawdown | 5.45 | 13.93 | -8.47 |
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
| IGLS.L | UC15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.12 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.87 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.66 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.33 | +0.35 |
Drawdowns
IGLS.L vs. UC15.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum UC15.L drawdown of -42.93%. Use the drawdown chart below to compare losses from any high point for IGLS.L and UC15.L.
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Drawdown Indicators
| IGLS.L | UC15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -42.93% | +33.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -6.18% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -13.98% | +12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -17.43% | +8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -30.26% | +20.72% |
Current DrawdownCurrent decline from peak | -0.65% | -3.53% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -15.17% | +14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.32% | -1.75% |
Volatility
IGLS.L vs. UC15.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.77%, while UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) has a volatility of 5.07%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky 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
| IGLS.L | UC15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 5.07% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 12.34% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 15.26% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 14.69% | -12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 14.80% | -12.62% |
IGLS.L vs. UC15.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than UC15.L's 0.34% expense ratio.
Dividends
IGLS.L vs. UC15.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.99%, while UC15.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLS.L and UC15.L have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.34% for UC15.L.
IGLS.L is categorized as European Government Bonds, while UC15.L is Commodities. IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while UC15.L tracks UBS CMCI. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for IGLS.L and 0.34% for UC15.L.
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