MVUS.L vs. IGLN.L
MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - MVUS.L is a S&P 500 fund tracking the S&P 500 Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, MVUS.L returned 11.39%/yr vs 14.18%/yr for IGLN.L. At a 0.10 correlation, their price movements are largely independent. MVUS.L charges 0.20%/yr vs 0.25%/yr for IGLN.L.
Performance
MVUS.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
MVUS.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, MVUS.L achieves a 4.45% return, which is significantly higher than IGLN.L's 3.39% return. Over the past 10 years, MVUS.L has underperformed IGLN.L with an annualized return of 11.39%, while IGLN.L has yielded a comparatively higher 14.18% annualized return.
MVUS.L
- 1D
- 0.22%
- 1M
- 4.90%
- YTD
- 4.45%
- 6M
- 4.88%
- 1Y
- 12.53%
- 3Y*
- 10.84%
- 5Y*
- 10.08%
- 10Y*
- 11.39%
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%
MVUS.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVUS.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 4.45% | 3.88% | 20.71% | 3.83% | -0.36% | 26.59% | 3.87% | 26.86% | -0.36% | 6.22% |
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 MVUS.L and IGLN.L is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2013 | 0.10 |
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Return for Risk
MVUS.L vs. IGLN.L — Risk / Return Rank
MVUS.L
IGLN.L
MVUS.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.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.
| MVUS.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.86 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.24 | 4.95 | +2.29 |
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
| MVUS.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.35 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.17 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.87 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.52 | +0.43 |
Drawdowns
MVUS.L vs. IGLN.L - Drawdown Comparison
The maximum MVUS.L drawdown since its inception was -24.85%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for MVUS.L and IGLN.L.
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Drawdown Indicators
| MVUS.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.85% | -41.86% | +17.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -17.53% | +12.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -17.53% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.19% | -17.53% | +3.34% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -22.37% | -2.48% |
Current DrawdownCurrent decline from peak | 0.00% | -16.35% | +16.35% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -14.94% | +11.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 6.59% | -4.86% |
Volatility
MVUS.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) is 2.24%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.98%. This indicates that MVUS.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
| MVUS.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 5.98% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 21.12% | -15.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 24.08% | -16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.72% | 16.81% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.78% | 16.35% | -2.57% |
MVUS.L vs. IGLN.L - Expense Ratio Comparison
MVUS.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
MVUS.L vs. IGLN.L - Dividend Comparison
Neither MVUS.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
MVUS.L and IGLN.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVUS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLN.L.
MVUS.L is categorized as S&P 500, while IGLN.L is Gold. MVUS.L tracks S&P 500 Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for MVUS.L and 0.25% for IGLN.L.
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