JPEE.L vs. IGLN.L
JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - JPEE.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, JPEE.L returned 2.89%/yr vs 19.57%/yr for IGLN.L. At a 0.15 correlation, their price movements are largely independent. JPEE.L charges 0.45%/yr vs 0.25%/yr for IGLN.L.
Performance
JPEE.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
JPEE.L is traded in EUR, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPEE.L achieves a 2.94% return, which is significantly lower than IGLN.L's 4.24% return.
JPEE.L
- 1D
- 0.09%
- 1M
- 1.79%
- YTD
- 2.94%
- 6M
- 2.68%
- 1Y
- 9.56%
- 3Y*
- 6.84%
- 5Y*
- 2.89%
- 10Y*
- —
IGLN.L
- 1D
- 0.00%
- 1M
- -2.30%
- YTD
- 4.24%
- 6M
- 5.66%
- 1Y
- 29.35%
- 3Y*
- 27.79%
- 5Y*
- 19.57%
- 10Y*
- 13.10%
JPEE.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.94% | 0.68% | 12.62% | 6.56% | -13.43% | 5.84% | -3.49% | 18.14% | -0.92% | 0.44% |
IGLN.L iShares Physical Gold ETC | 4.88% | 45.35% | 34.47% | 10.04% | 6.10% | 3.15% | 13.92% | 20.96% | 3.32% | -2.43% |
Correlation
The correlation between JPEE.L and IGLN.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.15 |
The correlation between JPEE.L and IGLN.L shifts across timeframes, from 0.02 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPEE.L vs. IGLN.L — Risk / Return Rank
JPEE.L
IGLN.L
JPEE.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.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.
| JPEE.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.74 | +1.36 |
| Martin ratioReturn relative to average drawdown | 8.92 | 4.46 | +4.46 |
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
| JPEE.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.21 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 1.17 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.55 | -0.24 |
Drawdowns
JPEE.L vs. IGLN.L - Drawdown Comparison
The maximum JPEE.L drawdown since its inception was -25.89%, smaller than the maximum IGLN.L drawdown of -36.98%. Use the drawdown chart below to compare losses from any high point for JPEE.L and IGLN.L.
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Drawdown Indicators
| JPEE.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.89% | -36.98% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -16.82% | +13.74% |
Max Drawdown (3Y)Largest decline over 3 years | -12.74% | -16.82% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -16.82% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.24% | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.63% | +15.63% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -13.22% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 6.57% | -5.50% |
Volatility
JPEE.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) is 1.27%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.84%. This indicates that JPEE.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
| JPEE.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 5.84% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 21.17% | -17.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 24.06% | -18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 16.72% | -8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 15.13% | -5.40% |
JPEE.L vs. IGLN.L - Expense Ratio Comparison
JPEE.L has a 0.45% expense ratio, which is higher than IGLN.L's 0.25% expense ratio.
Dividends
JPEE.L vs. IGLN.L - Dividend Comparison
Neither JPEE.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
JPEE.L and IGLN.L have a correlation of 0.02, 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 0.45% for JPEE.L.
JPEE.L is categorized as Emerging Markets Bonds, while IGLN.L is Gold. JPEE.L tracks JPM EMBI Global Diversified TR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.45% for JPEE.L and 0.25% for IGLN.L.
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