IGUS.L vs. IGLS.L
IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, IGUS.L returned 13.52%/yr vs 0.91%/yr for IGLS.L. At a correlation of -0.13, they often move in opposite directions. IGUS.L charges 0.20%/yr vs 0.07%/yr for IGLS.L.
Performance
IGUS.L vs. IGLS.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGUS.L is traded in GBp, while IGLS.L is traded in GBP. To make them comparable, the IGLS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGUS.L achieves a 7.87% return, which is significantly higher than IGLS.L's 0.53% return. Over the past 10 years, IGUS.L has outperformed IGLS.L with an annualized return of 13.52%, while IGLS.L has yielded a comparatively lower 0.91% annualized return.
IGUS.L
- 1D
- 2.06%
- 1M
- -0.82%
- YTD
- 7.87%
- 6M
- 9.06%
- 1Y
- 24.08%
- 3Y*
- 19.90%
- 5Y*
- 11.97%
- 10Y*
- 13.52%
IGLS.L
- 1D
- 0.21%
- 1M
- 0.68%
- YTD
- 0.53%
- 6M
- 1.02%
- 1Y
- 3.13%
- 3Y*
- 4.62%
- 5Y*
- 1.36%
- 10Y*
- 0.91%
IGUS.L vs. IGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF | 7.87% | 17.39% | 24.64% | 24.49% | -20.60% | 28.57% | 14.63% | 27.27% | -7.47% | 19.85% |
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% |
Correlation
The correlation between IGUS.L and IGLS.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | -0.13 |
The correlation between IGUS.L and IGLS.L shifts across timeframes, from -0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGUS.L vs. IGLS.L — Risk / Return Rank
IGUS.L
IGLS.L
IGUS.L vs. IGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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.
| IGUS.L | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.52 | +1.27 |
| Martin ratioReturn relative to average drawdown | 11.79 | 5.12 | +6.67 |
Loading charts...
Drawdowns
IGUS.L vs. IGLS.L - Drawdown Comparison
The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for IGUS.L and IGLS.L.
Loading charts...
Drawdown Indicators
| IGUS.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -9.54% | -27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -1.95% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -1.95% | -17.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -8.85% | -16.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -9.54% | -27.12% |
Current DrawdownCurrent decline from peak | -2.23% | -0.38% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -1.19% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.58% | +1.42% |
Volatility
IGUS.L vs. IGLS.L - Volatility Comparison
iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a higher volatility of 4.04% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.66%. This indicates that IGUS.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGUS.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 0.66% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 1.76% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 1.99% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 2.67% | +13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 2.18% | +14.42% |
IGUS.L vs. IGLS.L - Expense Ratio Comparison
IGUS.L has a 0.20% expense ratio, which is higher than IGLS.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGUS.L vs. IGLS.L - Dividend Comparison
IGUS.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.97%.
| 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% |
IGUS.L iShares S&P 500 GBP Hedged 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
IGUS.L and IGLS.L have a correlation of 0.29, 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 0.20% for IGUS.L.
IGUS.L is categorized as S&P 500, while IGLS.L is European Government Bonds. IGUS.L tracks S&P 500 Index, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. Their fees differ too: 0.20% for IGUS.L and 0.07% for IGLS.L.
Find the right allocation for IGUS.L and IGLS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer