IJPH.L vs. IGLN.L
IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IJPH.L returned 14.77%/yr vs 14.26%/yr for IGLN.L. At a correlation of -0.14, they often move in opposite directions. IJPH.L charges 0.64%/yr vs 0.25%/yr for IGLN.L.
Performance
IJPH.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
IJPH.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, IJPH.L achieves a 19.91% return, which is significantly higher than IGLN.L's 4.09% return. Both investments have delivered pretty close results over the past 10 years, with IJPH.L having a 14.77% annualized return and IGLN.L not far behind at 14.26%.
IJPH.L
- 1D
- -0.37%
- 1M
- 5.15%
- YTD
- 19.91%
- 6M
- 21.81%
- 1Y
- 53.07%
- 3Y*
- 28.46%
- 5Y*
- 20.45%
- 10Y*
- 14.77%
IGLN.L
- 1D
- 0.64%
- 1M
- -3.55%
- YTD
- 4.09%
- 6M
- 5.27%
- 1Y
- 34.54%
- 3Y*
- 28.23%
- 5Y*
- 19.89%
- 10Y*
- 14.26%
IJPH.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 19.91% | 29.38% | 23.82% | 34.19% | -4.30% | 11.94% | 9.27% | 15.95% | -15.90% | 19.46% |
IGLN.L iShares Physical Gold ETC | 4.09% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | 2.01% |
Correlation
The correlation between IJPH.L and IGLN.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2012 | -0.14 |
The correlation between IJPH.L and IGLN.L shifts across timeframes, from -0.15 (10 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IJPH.L vs. IGLN.L — Risk / Return Rank
IJPH.L
IGLN.L
IJPH.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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.
| IJPH.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 1.91 | +3.51 |
| Martin ratioReturn relative to average drawdown | 19.27 | 5.09 | +14.18 |
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
| IJPH.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 1.39 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.18 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.87 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.52 | +0.21 |
Drawdowns
IJPH.L vs. IGLN.L - Drawdown Comparison
The maximum IJPH.L drawdown since its inception was -34.55%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for IJPH.L and IGLN.L.
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Drawdown Indicators
| IJPH.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -41.86% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -17.53% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -17.53% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -17.53% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -22.37% | -12.18% |
Current DrawdownCurrent decline from peak | -0.37% | -15.78% | +15.41% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -14.94% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 6.59% | -3.88% |
Volatility
IJPH.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) is 3.51%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.91%. This indicates that IJPH.L experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPH.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.91% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 21.10% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 24.06% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 16.80% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 16.34% | +2.90% |
IJPH.L vs. IGLN.L - Expense Ratio Comparison
IJPH.L has a 0.64% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IJPH.L vs. IGLN.L - Dividend Comparison
Neither IJPH.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IJPH.L and IGLN.L have a correlation of 0.09, 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 0.64% for IJPH.L.
IJPH.L is categorized as Japan Equities, while IGLN.L is Gold. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.64% for IJPH.L and 0.25% for IGLN.L.
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