IWRD.L vs. IGLN.L
IWRD.L (iShares MSCI World UCITS) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IWRD.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, IWRD.L returned 13.59%/yr vs 14.18%/yr for IGLN.L. At a 0.08 correlation, their price movements are largely independent. IWRD.L charges 0.50%/yr vs 0.25%/yr for IGLN.L.
Performance
IWRD.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
IWRD.L is traded in GBp, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWRD.L achieves a 9.97% return, which is significantly higher than IGLN.L's 3.39% return. Both investments have delivered pretty close results over the past 10 years, with IWRD.L having a 13.59% annualized return and IGLN.L not far ahead at 14.18%.
IWRD.L
- 1D
- 0.10%
- 1M
- 5.04%
- YTD
- 9.97%
- 6M
- 10.17%
- 1Y
- 26.86%
- 3Y*
- 17.32%
- 5Y*
- 12.72%
- 10Y*
- 13.59%
IGLN.L
- 1D
- 0.00%
- 1M
- -2.15%
- YTD
- 3.39%
- 6M
- 4.55%
- 1Y
- 32.71%
- 3Y*
- 27.94%
- 5Y*
- 19.72%
- 10Y*
- 14.18%
IWRD.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.L iShares MSCI World UCITS | 9.97% | 12.34% | 20.62% | 17.33% | -8.62% | 23.21% | 11.80% | 22.77% | -4.02% | 11.65% |
IGLN.L iShares Physical Gold ETC | 4.12% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | 2.01% |
Correlation
The correlation between IWRD.L and IGLN.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.08 |
The correlation between IWRD.L and IGLN.L shifts across timeframes, from 0.05 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWRD.L vs. IGLN.L — Risk / Return Rank
IWRD.L
IGLN.L
IWRD.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.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.
| IWRD.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.27 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.86 | +2.21 |
| Martin ratioReturn relative to average drawdown | 16.12 | 4.95 | +11.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWRD.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.35 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.17 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.87 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.52 | +0.04 |
Drawdowns
IWRD.L vs. IGLN.L - Drawdown Comparison
The maximum IWRD.L drawdown since its inception was -38.28%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for IWRD.L and IGLN.L.
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Drawdown Indicators
| IWRD.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.28% | -41.86% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -17.53% | +10.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -17.53% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -17.53% | -1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | -22.37% | -2.93% |
Current DrawdownCurrent decline from peak | -0.18% | -16.35% | +16.17% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -14.94% | +10.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 6.59% | -4.93% |
Volatility
IWRD.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares MSCI World UCITS (IWRD.L) is 2.55%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.98%. This indicates that IWRD.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
| IWRD.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.98% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 21.12% | -13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 24.08% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 16.81% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 16.35% | -1.85% |
IWRD.L vs. IGLN.L - Expense Ratio Comparison
IWRD.L has a 0.50% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
IWRD.L vs. IGLN.L - Dividend Comparison
IWRD.L's dividend yield for the trailing twelve months is around 0.85%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IWRD.L iShares MSCI World UCITS | 0.85% | 0.93% | 1.06% | 1.31% | 1.44% | 1.03% | 1.21% | 1.66% | 1.81% | 1.64% | 1.61% | 1.78% |
Frequently Asked Questions
IWRD.L and IGLN.L have a correlation of 0.18, 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 0.50% for IWRD.L.
IWRD.L is categorized as Global Equities, while IGLN.L is Gold. IWRD.L tracks MSCI ACWI NR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.50% for IWRD.L and 0.25% for IGLN.L.
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