IUES.L vs. IGLN.L
IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IUES.L returned 9.21%/yr vs 13.42%/yr for IGLN.L. At a 0.03 correlation, their price movements are largely independent. IUES.L charges 0.15%/yr vs 0.25%/yr for IGLN.L.
Performance
IUES.L vs. IGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUES.L achieves a 30.45% return, which is significantly higher than IGLN.L's 3.70% return. Over the past 10 years, IUES.L has underperformed IGLN.L with an annualized return of 9.21%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
IUES.L
- 1D
- -0.36%
- 1M
- -1.09%
- YTD
- 30.45%
- 6M
- 29.22%
- 1Y
- 46.28%
- 3Y*
- 16.84%
- 5Y*
- 20.33%
- 10Y*
- 9.21%
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%
IUES.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 30.45% | 9.82% | 3.87% | -0.63% | 63.84% | 51.95% | -33.35% | 8.81% | -18.12% | -1.19% |
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 IUES.L and IGLN.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2015 | 0.03 |
The correlation between IUES.L and IGLN.L shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUES.L vs. IGLN.L — Risk / Return Rank
IUES.L
IGLN.L
IUES.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.
| IUES.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 1.86 | +1.32 |
| Martin ratioReturn relative to average drawdown | 9.97 | 4.79 | +5.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IUES.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.30 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.07 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.86 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.46 | -0.14 |
Drawdowns
IUES.L vs. IGLN.L - Drawdown Comparison
The maximum IUES.L drawdown since its inception was -66.78%, 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 IUES.L and IGLN.L.
Loading charts...
Drawdown Indicators
| IUES.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.78% | -45.24% | -21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -17.36% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -17.36% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.98% | -21.15% | -6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -66.78% | -21.15% | -45.63% |
Current DrawdownCurrent decline from peak | -7.45% | -15.66% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -19.80% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 6.74% | -2.11% |
Volatility
IUES.L vs. IGLN.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a higher volatility of 8.13% compared to iShares Physical Gold ETC (IGLN.L) at 6.36%. This indicates that IUES.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.
Loading charts...
Volatility by Period
| IUES.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 6.36% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 21.73% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.81% | 24.78% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 17.36% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.49% | 15.54% | +12.95% |
IUES.L vs. IGLN.L - Expense Ratio Comparison
IUES.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
IUES.L vs. IGLN.L - Dividend Comparison
Neither IUES.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IUES.L and IGLN.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IGLN.L.
IUES.L is categorized as Energy Equities, while IGLN.L is Gold. IUES.L tracks MSCI World/Energy NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.15% for IUES.L and 0.25% for IGLN.L.
Find the right allocation for IUES.L and IGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer