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IMGP.L vs. MIST.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMGP.L vs. MIST.L

Last updated Jul 16, 2026
Documentation

IMGP.L (iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - IMGP.L tracks the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 3 years, IMGP.L returned 3.56%/yr vs 5.04%/yr for MIST.L. At a 0.10 correlation, their price movements are largely independent.

Performance

IMGP.L vs. MIST.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IMGP.L achieves a 0.24% return, which is significantly lower than MIST.L's 2.23% return.

IMGP.L

1D
0.20%
1M
-0.35%
6M
-0.35%
YTD
0.24%
1Y
5.40%
3Y*
3.56%
5Y*
—
10Y*
—

MIST.L

1D
0.00%
1M
0.32%
6M
2.06%
YTD
2.23%
1Y
4.37%
3Y*
5.04%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMGP.L vs. MIST.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		0.24%8.06%0.85%2.81%2.83%
MIST.L
PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation		2.23%4.61%5.53%5.01%0.73%

Correlation

The correlation between IMGP.L and MIST.L is 0.07, 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

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2022

0.10

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iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)

PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation

Return for Risk

IMGP.L vs. MIST.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMGP.L
IMGP.L Risk / Return Rank: 4343
Overall Rank
IMGP.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IMGP.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
IMGP.L Omega Ratio Rank: 4646
Omega Ratio Rank
IMGP.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
IMGP.L Martin Ratio Rank: 4141
Martin Ratio Rank
MIST.L
MIST.L Risk / Return Rank: 100100
Overall Rank
MIST.L Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MIST.L Sortino Ratio Rank: 100100
Sortino Ratio Rank
MIST.L Omega Ratio Rank: 9999
Omega Ratio Rank
MIST.L Calmar Ratio Rank: 100100
Calmar Ratio Rank
MIST.L Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMGP.L vs. MIST.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.

IMGP.LMIST.LDifference
Sharpe ratioReturn per unit of total volatility
1.29
11.58

-10.29

Sortino ratioReturn per unit of downside risk
1.88
35.35

-33.48

Omega ratioGain probability vs. loss probability

1.25

7.17

-5.92

Calmar ratioReturn relative to maximum drawdown

1.74

101.64

-99.90

Martin ratioReturn relative to average drawdown

5.37

493.90

-488.53

IMGP.L vs. MIST.L - Sharpe Ratio Comparison

The current IMGP.L Sharpe Ratio is 1.29, which is lower than the MIST.L Sharpe Ratio of 11.58. The chart below compares the historical Sharpe Ratios of IMGP.L and MIST.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IMGP.L vs. MIST.L - Drawdown Comparison

The maximum IMGP.L drawdown since its inception was -9.76%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for IMGP.L and MIST.L.

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Drawdown Indicators

IMGP.LMIST.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.76%

-3.70%

-6.06%

Max Drawdown (1Y)

Largest decline over 1 year

-3.09%

-0.04%

-3.05%

Max Drawdown (3Y)

Largest decline over 3 years

-7.57%

-0.20%

-7.37%

Max Drawdown (5Y)

Largest decline over 5 years

—

-2.45%

—

Current Drawdown

Current decline from peak

-1.50%

0.00%

-1.50%

Average Drawdown

Average peak-to-trough decline

-2.14%

-0.38%

-1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

0.01%

+0.99%

Volatility

IMGP.L vs. MIST.L - Volatility Comparison

iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) has a higher volatility of 1.41% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that IMGP.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMGP.LMIST.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

0.10%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

3.28%

0.28%

+3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

4.19%

0.38%

+3.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.91%

0.58%

+6.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.91%

0.98%

+5.93%

Dividends

IMGP.L vs. MIST.L - Dividend Comparison

IMGP.L's dividend yield for the trailing twelve months is around 3.71%, while MIST.L has not paid dividends to shareholders.

PositionTTM2025202420232022
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		3.71%3.50%3.55%3.15%0.38%
MIST.L
PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMGP.L and MIST.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMGP.L tracks iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: iShares and PIMCO.

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