IOGP.L vs. IGLN.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IOGP.L returned 7.46%/yr vs 13.42%/yr for IGLN.L. At a 0.08 correlation, their price movements are largely independent. IOGP.L charges 0.55%/yr vs 0.25%/yr for IGLN.L.
Performance
IOGP.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IOGP.L achieves a 28.57% return, which is significantly higher than IGLN.L's 3.70% return. Over the past 10 years, IOGP.L has underperformed IGLN.L with an annualized return of 7.46%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
IOGP.L
- 1D
- 2.02%
- 1M
- -2.81%
- YTD
- 28.57%
- 6M
- 24.95%
- 1Y
- 36.79%
- 3Y*
- 14.41%
- 5Y*
- 16.29%
- 10Y*
- 7.46%
IGLN.L
- 1D
- 0.68%
- 1M
- -2.35%
- YTD
- 3.70%
- 6M
- 6.03%
- 1Y
- 32.37%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
IOGP.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 28.57% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
Correlation
The correlation between IOGP.L and IGLN.L is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2011 | 0.08 |
The correlation between IOGP.L and IGLN.L shifts across timeframes, from -0.08 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IOGP.L vs. IGLN.L — Risk / Return Rank
IOGP.L
IGLN.L
IOGP.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.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.
| IOGP.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.86 | +0.52 |
| Martin ratioReturn relative to average drawdown | 6.32 | 4.79 | +1.52 |
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
| IOGP.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.30 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.07 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.86 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.46 | -0.38 |
Drawdowns
IOGP.L vs. IGLN.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than IGLN.L's maximum drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IOGP.L and IGLN.L.
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Drawdown Indicators
| IOGP.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.56% | -45.24% | -38.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -17.36% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -17.36% | -9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -21.15% | -11.26% |
Max Drawdown (10Y)Largest decline over 10 years | -74.37% | -21.15% | -53.22% |
Current DrawdownCurrent decline from peak | -8.38% | -15.66% | +7.28% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -19.80% | -15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 6.74% | -0.93% |
Volatility
IOGP.L vs. IGLN.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a higher volatility of 8.37% compared to iShares Physical Gold ETC (IGLN.L) at 6.36%. This indicates that IOGP.L's price experiences larger fluctuations and is considered to be riskier 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
| IOGP.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 6.36% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.52% | 21.73% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 24.78% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.34% | 17.36% | +12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 15.54% | +17.27% |
IOGP.L vs. IGLN.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IOGP.L vs. IGLN.L - Dividend Comparison
Neither IOGP.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and IGLN.L have a correlation of -0.08, 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 0.55% for IOGP.L.
IOGP.L is categorized as Oil & Gas, while IGLN.L is Gold. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.55% for IOGP.L and 0.25% for IGLN.L.
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