IGLT.L vs. WLDS.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, 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, IGLT.L returned -4.33%/yr vs 8.69%/yr for WLDS.L. At a 0.02 correlation, their price movements are largely independent. IGLT.L charges 0.07%/yr vs 0.35%/yr for WLDS.L.
Performance
IGLT.L vs. WLDS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLT.L achieves a -0.17% return, which is significantly lower than WLDS.L's 17.04% return.
IGLT.L
- 1D
- -0.62%
- 1M
- 3.59%
- YTD
- -0.17%
- 6M
- -0.07%
- 1Y
- 2.12%
- 3Y*
- 2.76%
- 5Y*
- -4.33%
- 10Y*
- -0.82%
WLDS.L
- 1D
- 0.13%
- 1M
- 5.61%
- YTD
- 17.04%
- 6M
- 16.18%
- 1Y
- 35.51%
- 3Y*
- 15.93%
- 5Y*
- 8.69%
- 10Y*
- —
IGLT.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.17% | 4.70% | -3.34% | 3.61% | -23.74% | -5.00% | 8.06% | 6.68% | 0.88% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 17.04% | 11.75% | 8.63% | 11.26% | -8.89% | 16.71% | 12.54% | 20.41% | -31.05% |
Correlation
The correlation between IGLT.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 | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.02 |
Over the past year, IGLT.L and WLDS.L have become more correlated (0.34) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
IGLT.L vs. WLDS.L — Risk / Return Rank
IGLT.L
WLDS.L
IGLT.L vs. WLDS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.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.
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.
| IGLT.L | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.51 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 4.62 | -4.23 |
| Martin ratioReturn relative to average drawdown | 1.12 | 17.43 | -16.31 |
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Drawdowns
IGLT.L vs. WLDS.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, smaller than the maximum WLDS.L drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for IGLT.L and WLDS.L.
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Drawdown Indicators
| IGLT.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -43.18% | +7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -7.86% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -21.53% | +14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -21.53% | -12.00% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -25.45% | 0.00% | -25.45% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -12.25% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.09% | -0.02% |
Volatility
IGLT.L vs. WLDS.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 3.95% compared to iShares MSCI World Small Cap UCITS ETF (WLDS.L) at 3.56%. This indicates that IGLT.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
| IGLT.L | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.56% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.98% | 9.68% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 12.87% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 20.30% | -9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 22.43% | -13.24% |
IGLT.L vs. WLDS.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.
Dividends
IGLT.L vs. WLDS.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.47%, while WLDS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | 4.47% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.24% | 1.31% | 1.30% | 1.88% | 2.05% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 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
IGLT.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, IGLT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L is cheaper with a 0.07% expense ratio, compared with 0.35% for WLDS.L.
IGLT.L is categorized as Government Bonds, while WLDS.L is Small Cap Blend Equities. IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while WLDS.L tracks MSCI World Small Cap Inde. Their fees differ too: 0.07% for IGLT.L and 0.35% for WLDS.L.
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