IIND.L vs. IGLN.L
IIND.L (iShares MSCI India UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IIND.L is a Asia Pacific Equities fund tracking the MSCI India NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, IIND.L returned 4.52%/yr vs 19.89%/yr for IGLN.L. At a 0.07 correlation, their price movements are largely independent. IIND.L charges 0.65%/yr vs 0.25%/yr for IGLN.L.
Performance
IIND.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
IIND.L is traded in GBP, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IIND.L achieves a -13.04% return, which is significantly lower than IGLN.L's 4.12% return.
IIND.L
- 1D
- 1.17%
- 1M
- -1.77%
- YTD
- -13.04%
- 6M
- -13.23%
- 1Y
- -11.37%
- 3Y*
- 2.69%
- 5Y*
- 4.52%
- 10Y*
- —
IGLN.L
- 1D
- 0.68%
- 1M
- -1.45%
- YTD
- 4.12%
- 6M
- 5.29%
- 1Y
- 33.65%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- 14.26%
IIND.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -13.04% | -2.93% | 11.04% | 12.49% | 2.72% | 26.95% | 10.48% | 3.72% | 3.78% |
IGLN.L iShares Physical Gold ETC | 4.12% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 2.29% |
Correlation
The correlation between IIND.L and IGLN.L is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 30, 2018 | 0.07 |
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Return for Risk
IIND.L vs. IGLN.L — Risk / Return Rank
IIND.L
IGLN.L
IIND.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India UCITS ETF USD (Acc) (IIND.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.
| IIND.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 1.91 | -2.48 |
| Martin ratioReturn relative to average drawdown | -1.28 | 5.10 | -6.38 |
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
| IIND.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 1.39 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.18 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.52 | -0.22 |
Drawdowns
IIND.L vs. IGLN.L - Drawdown Comparison
The maximum IIND.L drawdown since its inception was -36.72%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for IIND.L and IGLN.L.
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Drawdown Indicators
| IIND.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -41.86% | +5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -17.53% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -17.53% | -7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.77% | -17.53% | -7.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.37% | — |
Current DrawdownCurrent decline from peak | -21.93% | -15.75% | -6.18% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -14.94% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 6.59% | +2.26% |
Volatility
IIND.L vs. IGLN.L - Volatility Comparison
iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and iShares Physical Gold ETC (IGLN.L) have volatilities of 6.07% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIND.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.91% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 21.10% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 24.06% | -8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.80% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 16.34% | +4.42% |
IIND.L vs. IGLN.L - Expense Ratio Comparison
IIND.L has a 0.65% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IIND.L vs. IGLN.L - Dividend Comparison
Neither IIND.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IIND.L and IGLN.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.25% expense ratio, compared with 0.65% for IIND.L.
IIND.L is categorized as Asia Pacific Equities, while IGLN.L is Gold. IIND.L tracks MSCI India NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.65% for IIND.L and 0.25% for IGLN.L.
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