ISAC.L vs. IGLN.L
ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ISAC.L is a Global Equities fund tracking the MSCI ACWI Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ISAC.L returned 12.63%/yr vs 13.42%/yr for IGLN.L. At a 0.10 correlation, their price movements are largely independent. ISAC.L charges 0.20%/yr vs 0.25%/yr for IGLN.L.
Performance
ISAC.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAC.L achieves a 11.54% return, which is significantly higher than IGLN.L's 3.70% return. Over the past 10 years, ISAC.L has underperformed IGLN.L with an annualized return of 12.63%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
ISAC.L
- 1D
- -0.10%
- 1M
- 4.26%
- YTD
- 11.54%
- 6M
- 13.01%
- 1Y
- 28.81%
- 3Y*
- 21.19%
- 5Y*
- 11.38%
- 10Y*
- 12.63%
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%
ISAC.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.54% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.77% | -9.73% | 24.39% |
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 ISAC.L and IGLN.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2011 | 0.10 |
Over the past year, ISAC.L and IGLN.L have become more correlated (0.35) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
ISAC.L vs. IGLN.L — Risk / Return Rank
ISAC.L
IGLN.L
ISAC.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| ISAC.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.86 | +1.42 |
| Martin ratioReturn relative to average drawdown | 13.72 | 4.79 | +8.92 |
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
| ISAC.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.30 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.07 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.86 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.46 | +0.30 |
Drawdowns
ISAC.L vs. IGLN.L - Drawdown Comparison
The maximum ISAC.L drawdown since its inception was -33.82%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for ISAC.L and IGLN.L.
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Drawdown Indicators
| ISAC.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -45.24% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -17.36% | +8.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -17.36% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -21.15% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -21.15% | -12.67% |
Current DrawdownCurrent decline from peak | -0.72% | -15.66% | +14.94% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -19.80% | +15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.74% | -4.64% |
Volatility
ISAC.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) is 3.84%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that ISAC.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
| ISAC.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 6.36% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 21.73% | -11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 24.78% | -12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 17.36% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 15.54% | +0.41% |
ISAC.L vs. IGLN.L - Expense Ratio Comparison
ISAC.L has a 0.20% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISAC.L vs. IGLN.L - Dividend Comparison
Neither ISAC.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ISAC.L and IGLN.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
ISAC.L is categorized as Global Equities, while IGLN.L is Gold. ISAC.L tracks MSCI ACWI Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for ISAC.L and 0.25% for IGLN.L.
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