MKA.L vs. IGLN.L

Last updated Apr 2, 2026

Compare and contrast key facts about Mkango Resources Ltd (MKA.L) and iShares Physical Gold ETC (IGLN.L).

IGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011.

Performance

MKA.L vs. IGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Mkango Resources Ltd (MKA.L) and iShares Physical Gold ETC (IGLN.L). The values are adjusted to include any dividend payments, if applicable.

MKA.L vs. IGLN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MKA.L Mkango Resources Ltd	-24.73%	484.91%	-30.87%	-6.12%	-60.48%	77.14%	103.49%	-0.00%	18.62%	123.08%
IGLN.L iShares Physical Gold ETC	12.74%	53.17%	28.35%	7.77%	11.79%	-3.12%	20.51%	13.78%	4.54%	2.01%

Different Trading Currencies

MKA.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, MKA.L achieves a -24.73% return, which is significantly lower than IGLN.L's 12.74% return.

MKA.L

• 1D: -9.33%
• 1M: -36.59%
• YTD: -24.73%
• 6M: -30.69%
• 1Y: 151.80%
• 3Y*: 45.45%
• 5Y*: 13.00%
• 10Y*: —

IGLN.L

• 1D: 3.36%
• 1M: -8.77%
• YTD: 12.74%
• 6M: 25.77%
• 1Y: 48.89%
• 3Y*: 30.86%
• 5Y*: 23.45%
• 10Y*: 15.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MKA.L vs. IGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MKA.L

MKA.L Risk / Return Rank: 84
MKA.L Sharpe Ratio Rank: 85
MKA.L Sortino Ratio Rank: 87
MKA.L Omega Ratio Rank: 79
MKA.L Calmar Ratio Rank: 85
MKA.L Martin Ratio Rank: 82

IGLN.L

IGLN.L Risk / Return Rank: 88
IGLN.L Sharpe Ratio Rank: 90
IGLN.L Sortino Ratio Rank: 88
IGLN.L Omega Ratio Rank: 87
IGLN.L Calmar Ratio Rank: 89
IGLN.L Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MKA.L vs. IGLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mkango Resources Ltd (MKA.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.

	MKA.L	IGLN.L	Difference
Sharpe ratio Return per unit of total volatility	1.57	1.95	-0.39
Sortino ratio Return per unit of downside risk	2.59	2.41	+0.19
Omega ratio Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio Return relative to maximum drawdown	3.04	2.84	+0.21
Martin ratio Return relative to average drawdown	6.95	11.28	-4.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MKA.L vs. IGLN.L - Sharpe Ratio Comparison

The current MKA.L Sharpe Ratio is 1.57, which is comparable to the IGLN.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of MKA.L and IGLN.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MKA.L	IGLN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.95	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	1.41	-1.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.56	-0.31

Correlation

The correlation between MKA.L and IGLN.L is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MKA.L vs. IGLN.L - Dividend Comparison

Neither MKA.L nor IGLN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MKA.L vs. IGLN.L - Drawdown Comparison

The maximum MKA.L drawdown since its inception was -88.80%, which is greater than IGLN.L's maximum drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for MKA.L and IGLN.L.

Drawdown Indicators

	MKA.L	IGLN.L	Difference
Max Drawdown Largest peak-to-trough decline	-88.80%	-45.24%	-43.56%
Max Drawdown (1Y) Largest decline over 1 year	-49.28%	-17.36%	-31.92%
Max Drawdown (5Y) Largest decline over 5 years	-88.80%	-21.15%	-67.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.15%	—
Current Drawdown Current decline from peak	-49.28%	-9.80%	-39.48%
Average Drawdown Average peak-to-trough decline	-43.27%	-19.88%	-23.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.59%	4.58%	+17.01%

Volatility

MKA.L vs. IGLN.L - Volatility Comparison

Mkango Resources Ltd (MKA.L) and iShares Physical Gold ETC (IGLN.L) have volatilities of 12.24% and 12.60%, 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.

Volatility by Period

	MKA.L	IGLN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	12.60%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	60.25%	21.91%	+38.34%
Volatility (1Y) Calculated over the trailing 1-year period	97.15%	24.92%	+72.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	16.59%	+62.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.43%	16.29%	+80.14%