ISEU.L vs. IGLN.L
ISEU.L (iShares MSCI Europe UCITS Dist) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ISEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, ISEU.L returned 8.98%/yr vs 18.61%/yr for IGLN.L. At a 0.21 correlation, their price movements are largely independent. ISEU.L charges 1.00%/yr vs 0.25%/yr for IGLN.L.
Performance
ISEU.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISEU.L achieves a 6.49% return, which is significantly higher than IGLN.L's 3.70% return.
ISEU.L
- 1D
- 0.66%
- 1M
- 2.76%
- YTD
- 6.49%
- 6M
- 9.55%
- 1Y
- 18.11%
- 3Y*
- 16.86%
- 5Y*
- 8.98%
- 10Y*
- —
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%
ISEU.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISEU.L iShares MSCI Europe UCITS Dist | 6.49% | 35.19% | 2.19% | 19.52% | -13.73% | 15.84% | 5.73% | 23.56% | -14.38% | 26.22% |
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 ISEU.L and IGLN.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2016 | 0.21 |
Over the past year, ISEU.L and IGLN.L have become more correlated (0.41) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
ISEU.L vs. IGLN.L — Risk / Return Rank
ISEU.L
IGLN.L
ISEU.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.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.
| ISEU.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.86 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.63 | 4.79 | +0.84 |
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
| ISEU.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.30 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.07 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.46 | +0.15 |
Drawdowns
ISEU.L vs. IGLN.L - Drawdown Comparison
The maximum ISEU.L drawdown since its inception was -36.02%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for ISEU.L and IGLN.L.
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Drawdown Indicators
| ISEU.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -45.24% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -17.36% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -17.36% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -21.15% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -1.38% | -15.66% | +14.28% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -19.80% | +13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 6.74% | -3.53% |
Volatility
ISEU.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI Europe UCITS Dist (ISEU.L) is 5.35%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that ISEU.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
| ISEU.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 6.36% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 21.73% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 24.78% | -9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 17.36% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 15.54% | +2.07% |
ISEU.L vs. IGLN.L - Expense Ratio Comparison
ISEU.L has a 1.00% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
ISEU.L vs. IGLN.L - Dividend Comparison
ISEU.L's dividend yield for the trailing twelve months is around 2.54%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISEU.L iShares MSCI Europe UCITS Dist | 2.54% | 2.46% | 3.00% | 2.81% | 2.86% | 2.36% | 1.91% | 3.03% | 3.28% | 2.48% |
Frequently Asked Questions
ISEU.L and IGLN.L have a correlation of 0.41, 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 1.00% for ISEU.L.
ISEU.L is categorized as Europe Equities, while IGLN.L is Gold. ISEU.L tracks MSCI Europe NR EUR, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 1.00% for ISEU.L and 0.25% for IGLN.L.
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