IJPN.L vs. IGLN.L
IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IJPN.L is a Japan Equities fund tracking the TOPIX TR JPY, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IJPN.L returned 10.48%/yr vs 14.26%/yr for IGLN.L. At a 0.10 correlation, their price movements are largely independent. IJPN.L charges 0.59%/yr vs 0.25%/yr for IGLN.L.
Performance
IJPN.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
IJPN.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, IJPN.L achieves a 16.83% return, which is significantly higher than IGLN.L's 4.12% return. Over the past 10 years, IJPN.L has underperformed IGLN.L with an annualized return of 10.48%, while IGLN.L has yielded a comparatively higher 14.26% annualized return.
IJPN.L
- 1D
- -0.35%
- 1M
- 3.86%
- YTD
- 16.83%
- 6M
- 16.00%
- 1Y
- 36.20%
- 3Y*
- 16.17%
- 5Y*
- 10.52%
- 10Y*
- 10.48%
IGLN.L
- 1D
- 0.68%
- 1M
- -3.52%
- YTD
- 4.12%
- 6M
- 5.31%
- 1Y
- 34.58%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- 14.26%
IJPN.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 18.18% | 9.39% | 14.03% | -7.13% | 2.20% | 12.46% | 14.55% | -8.45% | 13.27% |
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 IJPN.L and IGLN.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.10 |
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Return for Risk
IJPN.L vs. IGLN.L — Risk / Return Rank
IJPN.L
IGLN.L
IJPN.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IJPN.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.
| IJPN.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.91 | +1.31 |
| Martin ratioReturn relative to average drawdown | 10.52 | 5.10 | +5.42 |
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
| IJPN.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.39 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.18 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.87 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.52 | -0.10 |
Drawdowns
IJPN.L vs. IGLN.L - Drawdown Comparison
The maximum IJPN.L drawdown since its inception was -39.73%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for IJPN.L and IGLN.L.
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Drawdown Indicators
| IJPN.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -41.86% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -17.53% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -17.53% | +3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -17.53% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -22.37% | -1.97% |
Current DrawdownCurrent decline from peak | -0.35% | -15.75% | +15.40% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -14.94% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 6.59% | -3.27% |
Volatility
IJPN.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) is 3.88%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.91%. This indicates that IJPN.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
| IJPN.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 5.91% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 21.10% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 24.06% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 16.80% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 16.34% | -0.36% |
IJPN.L vs. IGLN.L - Expense Ratio Comparison
IJPN.L has a 0.59% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IJPN.L vs. IGLN.L - Dividend Comparison
IJPN.L's dividend yield for the trailing twelve months is around 2.03%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 2.03% | 2.25% | 1.95% | 1.81% | 2.10% | 1.66% | 1.75% | 1.90% | 1.89% | 1.53% | 1.55% | 0.87% |
Frequently Asked Questions
IJPN.L and IGLN.L have a correlation of 0.16, 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 0.59% for IJPN.L.
IJPN.L is categorized as Japan Equities, while IGLN.L is Gold. IJPN.L tracks TOPIX TR JPY, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.59% for IJPN.L and 0.25% for IGLN.L.
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