IUCM.L vs. IGLN.L
IUCM.L (iShares S&P 500 Communication Sector UCITS ETF USD Acc) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IUCM.L is a Communications Equities fund tracking the MSCI World/Comm Services NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, IUCM.L returned 11.39%/yr vs 18.61%/yr for IGLN.L. At a 0.11 correlation, their price movements are largely independent. IUCM.L charges 0.15%/yr vs 0.25%/yr for IGLN.L.
Performance
IUCM.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUCM.L achieves a 1.60% return, which is significantly lower than IGLN.L's 3.70% return.
IUCM.L
- 1D
- 1.51%
- 1M
- -4.09%
- YTD
- 1.60%
- 6M
- 0.69%
- 1Y
- 19.48%
- 3Y*
- 27.10%
- 5Y*
- 11.39%
- 10Y*
- —
IGLN.L
- 1D
- 0.68%
- 1M
- -4.75%
- YTD
- 3.70%
- 6M
- 6.00%
- 1Y
- 33.05%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
IUCM.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUCM.L iShares S&P 500 Communication Sector UCITS ETF USD Acc | 1.60% | 26.48% | 38.98% | 55.75% | -40.54% | 22.36% | 22.64% | 30.83% | -10.96% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | 6.54% |
Correlation
The correlation between IUCM.L and IGLN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018 | 0.11 |
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Return for Risk
IUCM.L vs. IGLN.L — Risk / Return Rank
IUCM.L
IGLN.L
IUCM.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.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.
| IUCM.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.86 | +0.28 |
| Martin ratioReturn relative to average drawdown | 7.78 | 4.79 | +2.99 |
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
| IUCM.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.30 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 1.07 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.46 | +0.27 |
Drawdowns
IUCM.L vs. IGLN.L - Drawdown Comparison
The maximum IUCM.L drawdown since its inception was -47.32%, roughly equal to the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IUCM.L and IGLN.L.
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Drawdown Indicators
| IUCM.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.32% | -45.24% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -17.36% | +7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -17.36% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -47.32% | -21.15% | -26.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -4.70% | -15.66% | +10.96% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -19.80% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 6.74% | -4.07% |
Volatility
IUCM.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.L) is 4.40%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that IUCM.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
| IUCM.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 6.36% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 21.73% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 24.78% | -10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 17.36% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 15.54% | +4.80% |
IUCM.L vs. IGLN.L - Expense Ratio Comparison
IUCM.L has a 0.15% 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
IUCM.L vs. IGLN.L - Dividend Comparison
Neither IUCM.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IUCM.L and IGLN.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUCM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCM.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IGLN.L.
IUCM.L is categorized as Communications Equities, while IGLN.L is Gold. IUCM.L tracks MSCI World/Comm Services NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.15% for IUCM.L and 0.25% for IGLN.L.
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