IWQU.L vs. IGLN.L
IWQU.L (iShares MSCI World Quality Factor UCITS) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IWQU.L returned 12.42%/yr vs 13.42%/yr for IGLN.L. At a 0.10 correlation, their price movements are largely independent. IWQU.L charges 0.30%/yr vs 0.25%/yr for IGLN.L.
Performance
IWQU.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWQU.L achieves a 8.47% return, which is significantly higher than IGLN.L's 3.70% return. Over the past 10 years, IWQU.L has underperformed IGLN.L with an annualized return of 12.42%, while IGLN.L has yielded a comparatively higher 13.42% annualized return.
IWQU.L
- 1D
- 0.85%
- 1M
- 1.95%
- YTD
- 8.47%
- 6M
- 9.52%
- 1Y
- 20.74%
- 3Y*
- 18.41%
- 5Y*
- 10.34%
- 10Y*
- 12.42%
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%
IWQU.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWQU.L iShares MSCI World Quality Factor UCITS | 8.47% | 15.28% | 17.38% | 25.66% | -19.26% | 23.70% | 14.95% | 29.64% | -7.53% | 23.57% |
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 IWQU.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 | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2014 | 0.10 |
Over the past year, IWQU.L and IGLN.L have become more correlated (0.34) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IWQU.L vs. IGLN.L — Risk / Return Rank
IWQU.L
IGLN.L
IWQU.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.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.
| IWQU.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.86 | +0.59 |
| Martin ratioReturn relative to average drawdown | 10.14 | 4.79 | +5.35 |
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
| IWQU.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.30 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.07 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.86 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.46 | +0.34 |
Drawdowns
IWQU.L vs. IGLN.L - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IWQU.L and IGLN.L.
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Drawdown Indicators
| IWQU.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -45.24% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -17.36% | +8.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -17.36% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -21.15% | -6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -21.15% | -11.90% |
Current DrawdownCurrent decline from peak | 0.00% | -15.66% | +15.66% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -19.80% | +15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 6.74% | -4.67% |
Volatility
IWQU.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWQU.L) is 3.18%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that IWQU.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
| IWQU.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 6.36% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 21.73% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 24.78% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 17.36% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 15.54% | +0.27% |
IWQU.L vs. IGLN.L - Expense Ratio Comparison
IWQU.L has a 0.30% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IWQU.L vs. IGLN.L - Dividend Comparison
Neither IWQU.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IWQU.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 0.25% 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 0.30% for IWQU.L.
IWQU.L is categorized as Global Equities, while IGLN.L is Gold. IWQU.L tracks MSCI ACWI NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.30% for IWQU.L and 0.25% for IGLN.L.
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