IWVL.L vs. IGLN.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IWVL.L returned 12.86%/yr vs 13.42%/yr for IGLN.L. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IWVL.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVL.L achieves a 34.30% return, which is significantly higher than IGLN.L's 3.70% return. Both investments have delivered pretty close results over the past 10 years, with IWVL.L having a 12.86% annualized return and IGLN.L not far ahead at 13.42%.
IWVL.L
- 1D
- -0.65%
- 1M
- 12.22%
- YTD
- 34.30%
- 6M
- 38.21%
- 1Y
- 66.32%
- 3Y*
- 30.35%
- 5Y*
- 16.28%
- 10Y*
- 12.86%
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%
IWVL.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.30% | 40.41% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
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 IWVL.L and IGLN.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.09 |
Over the past year, IWVL.L and IGLN.L have become more correlated (0.32) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
IWVL.L vs. IGLN.L — Risk / Return Rank
IWVL.L
IGLN.L
IWVL.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| IWVL.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.25 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 7.55 | 1.86 | +5.69 |
| Martin ratioReturn relative to average drawdown | 28.57 | 4.79 | +23.78 |
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
| IWVL.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.24 | 1.30 | +2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.07 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.86 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.46 | +0.17 |
Drawdowns
IWVL.L vs. IGLN.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for IWVL.L and IGLN.L.
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Drawdown Indicators
| IWVL.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -45.24% | +5.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -17.36% | +8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -17.36% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -21.15% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -21.15% | -18.15% |
Current DrawdownCurrent decline from peak | -0.91% | -15.66% | +14.75% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -19.80% | +12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 6.74% | -4.43% |
Volatility
IWVL.L vs. IGLN.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and iShares Physical Gold ETC (IGLN.L) have volatilities of 6.56% and 6.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWVL.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.36% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 21.73% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 24.78% | -9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 17.36% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 15.54% | +1.48% |
IWVL.L vs. IGLN.L - Expense Ratio Comparison
Both IWVL.L and IGLN.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IWVL.L vs. IGLN.L - Dividend Comparison
Neither IWVL.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IWVL.L and IGLN.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L and IGLN.L have the same expense ratio: 0.25% per year.
IWVL.L is categorized as Global Equities, while IGLN.L is Gold. IWVL.L tracks MSCI World Enhanced Value Index, while IGLN.L tracks LBMA Gold Price.
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