PHAU.AS vs. IGIL.L
PHAU.AS (WisdomTree Physical Gold UCITS ETC) and IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) are both exchange-traded funds - PHAU.AS is a Gold fund tracking the LBMA Gold Price PM, while IGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, PHAU.AS returned 12.91%/yr vs 0.80%/yr for IGIL.L. At a 0.26 correlation, their price movements are largely independent. PHAU.AS charges 0.39%/yr vs 0.20%/yr for IGIL.L.
Performance
PHAU.AS vs. IGIL.L - Performance Comparison
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Different Trading Currencies
PHAU.AS is traded in EUR, while IGIL.L is traded in USD. To make them comparable, the IGIL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHAU.AS achieves a 4.61% return, which is significantly higher than IGIL.L's 2.12% return. Over the past 10 years, PHAU.AS has outperformed IGIL.L with an annualized return of 12.91%, while IGIL.L has yielded a comparatively lower 0.80% annualized return.
PHAU.AS
- 1D
- 0.56%
- 1M
- -1.68%
- YTD
- 4.61%
- 6M
- 6.21%
- 1Y
- 29.74%
- 3Y*
- 27.67%
- 5Y*
- 19.40%
- 10Y*
- 12.91%
IGIL.L
- 1D
- -0.06%
- 1M
- 0.40%
- YTD
- 2.12%
- 6M
- 1.29%
- 1Y
- 2.06%
- 3Y*
- 0.53%
- 5Y*
- -1.36%
- 10Y*
- 0.80%
PHAU.AS vs. IGIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHAU.AS WisdomTree Physical Gold UCITS ETC | 4.61% | 45.53% | 34.03% | 9.32% | 5.55% | 3.63% | 13.51% | 20.41% | 2.85% | -1.37% |
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 2.12% | -4.42% | 3.48% | 1.93% | -17.00% | 10.64% | 2.96% | 10.24% | 0.49% | -4.89% |
Correlation
The correlation between PHAU.AS and IGIL.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2008 | 0.26 |
The correlation between PHAU.AS and IGIL.L shifts across timeframes, from 0.15 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PHAU.AS vs. IGIL.L — Risk / Return Rank
PHAU.AS
IGIL.L
PHAU.AS vs. IGIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold UCITS ETC (PHAU.AS) and iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.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.
| PHAU.AS | IGIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.75 | +1.00 |
| Martin ratioReturn relative to average drawdown | 4.43 | 1.47 | +2.96 |
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
| PHAU.AS | IGIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.35 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | -0.14 | +1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.09 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.34 | +0.32 |
Drawdowns
PHAU.AS vs. IGIL.L - Drawdown Comparison
The maximum PHAU.AS drawdown since its inception was -37.19%, which is greater than IGIL.L's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for PHAU.AS and IGIL.L.
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Drawdown Indicators
| PHAU.AS | IGIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -22.37% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -2.74% | -14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -8.93% | -7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.74% | -22.37% | +5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -22.37% | +3.78% |
Current DrawdownCurrent decline from peak | -15.26% | -17.29% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -7.45% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.40% | +5.26% |
Volatility
PHAU.AS vs. IGIL.L - Volatility Comparison
WisdomTree Physical Gold UCITS ETC (PHAU.AS) has a higher volatility of 5.17% compared to iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) at 1.53%. This indicates that PHAU.AS's price experiences larger fluctuations and is considered to be riskier than IGIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHAU.AS | IGIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 1.53% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 4.67% | +15.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 5.84% | +17.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 9.52% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 9.26% | +5.03% |
PHAU.AS vs. IGIL.L - Expense Ratio Comparison
PHAU.AS has a 0.39% expense ratio, which is higher than IGIL.L's 0.20% expense ratio.
Dividends
PHAU.AS vs. IGIL.L - Dividend Comparison
Neither PHAU.AS nor IGIL.L has paid dividends to shareholders.
Frequently Asked Questions
PHAU.AS and IGIL.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGIL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGIL.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PHAU.AS.
PHAU.AS is categorized as Gold, while IGIL.L is Inflation-Protected Bonds. PHAU.AS tracks LBMA Gold Price PM, while IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.39% for PHAU.AS and 0.20% for IGIL.L.
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