LQDA.L vs. IGLN.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - LQDA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs 18.61%/yr for IGLN.L. At a 0.30 correlation, their price movements are largely independent. LQDA.L charges 0.20%/yr vs 0.25%/yr for IGLN.L.
Performance
LQDA.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDA.L achieves a 0.02% return, which is significantly lower than IGLN.L's 3.70% return.
LQDA.L
- 1D
- 0.38%
- 1M
- 0.35%
- YTD
- 0.02%
- 6M
- 0.29%
- 1Y
- 5.53%
- 3Y*
- 5.02%
- 5Y*
- -0.01%
- 10Y*
- —
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%
LQDA.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.02% | 8.01% | 1.25% | 8.99% | -17.75% | -1.66% | 10.56% | 18.22% | -4.30% | 4.45% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 0.78% |
Correlation
The correlation between LQDA.L and IGLN.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.30 |
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Return for Risk
LQDA.L vs. IGLN.L — Risk / Return Rank
LQDA.L
IGLN.L
LQDA.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.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.
| LQDA.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.86 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.79 | -0.21 |
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
| LQDA.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.30 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 1.07 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.46 | -0.17 |
Drawdowns
LQDA.L vs. IGLN.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for LQDA.L and IGLN.L.
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Drawdown Indicators
| LQDA.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -45.24% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -17.36% | +14.04% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -17.36% | +9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -21.15% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -3.58% | -15.66% | +12.08% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -19.80% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 6.74% | -5.54% |
Volatility
LQDA.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) is 2.23%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 6.36%. This indicates that LQDA.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
| LQDA.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 6.36% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 21.73% | -17.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 24.78% | -19.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 17.36% | -8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 15.54% | -6.43% |
LQDA.L vs. IGLN.L - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LQDA.L vs. IGLN.L - Dividend Comparison
Neither LQDA.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
LQDA.L and IGLN.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
LQDA.L is categorized as Corporate Bonds, while IGLN.L is Gold. LQDA.L tracks Bloomberg US Corp Bond TR USD, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for LQDA.L and 0.25% for IGLN.L.
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