IUSZ.L vs. IGLN.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IUSZ.L is a Global Equities fund tracking the iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, IUSZ.L returned 6.53%/yr vs 17.30%/yr for IGLN.L. At a 0.08 correlation, their price movements are largely independent. IUSZ.L charges 0.20%/yr vs 0.12%/yr for IGLN.L.
Performance
IUSZ.L vs. IGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUSZ.L achieves a 8.28% return, which is significantly higher than IGLN.L's -6.13% return.
IUSZ.L
- 1D
- -0.50%
- 1M
- -0.42%
- 6M
- 5.64%
- YTD
- 8.28%
- 1Y
- 14.27%
- 3Y*
- 11.91%
- 5Y*
- 6.53%
- 10Y*
- —
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
IUSZ.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 8.28% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between IUSZ.L and IGLN.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.08 |
Over the past year, IUSZ.L and IGLN.L have become more correlated (0.34) than their long-term average of 0.08, meaning their price movements have been converging.
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
IUSZ.L vs. IGLN.L — Risk / Return Rank
IUSZ.L
IGLN.L
IUSZ.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IUSZ.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.88 | +1.06 |
| Martin ratioReturn relative to average drawdown | 6.85 | 2.15 | +4.71 |
Loading charts...
Drawdowns
IUSZ.L vs. IGLN.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, smaller than the maximum IGLN.L drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and IGLN.L.
Loading charts...
Drawdown Indicators
| IUSZ.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -45.25% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -24.39% | +16.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -24.39% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -24.39% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.39% | — |
Current DrawdownCurrent decline from peak | -1.67% | -23.66% | +21.99% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -19.73% | +13.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 9.97% | -7.65% |
Volatility
IUSZ.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.L) is 3.88%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.59%. This indicates that IUSZ.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.
Loading charts...
Volatility by Period
| IUSZ.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 7.59% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 23.02% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 26.39% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 17.79% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.74% | +4.98% |
IUSZ.L vs. IGLN.L - Expense Ratio Comparison
IUSZ.L has a 0.20% expense ratio, which is higher than IGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSZ.L vs. IGLN.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.43%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 0.43% |
Frequently Asked Questions
IUSZ.L and IGLN.L have a correlation of 0.34, 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 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IUSZ.L.
IUSZ.L is categorized as Global Equities, while IGLN.L is Gold. IUSZ.L tracks iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for IUSZ.L and 0.12% for IGLN.L.
Find the right allocation for IUSZ.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