SPMV.L vs. IGLN.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPMV.L is a Global Equities fund tracking the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SPMV.L returned 9.94%/yr vs 11.58%/yr for IGLN.L. At a 0.08 correlation, their price movements are largely independent. SPMV.L charges 0.20%/yr vs 0.12%/yr for IGLN.L.
Performance
SPMV.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPMV.L achieves a 3.85% return, which is significantly higher than IGLN.L's -6.13% return. Over the past 10 years, SPMV.L has underperformed IGLN.L with an annualized return of 9.94%, while IGLN.L has yielded a comparatively higher 11.58% annualized return.
SPMV.L
- 1D
- -0.19%
- 1M
- -0.21%
- 6M
- 3.99%
- YTD
- 3.85%
- 1Y
- 10.62%
- 3Y*
- 12.71%
- 5Y*
- 8.20%
- 10Y*
- 9.94%
IGLN.L
- 1D
- -0.82%
- 1M
- -7.02%
- 6M
- -12.44%
- YTD
- -6.13%
- 1Y
- 21.47%
- 3Y*
- 27.22%
- 5Y*
- 17.30%
- 10Y*
- 11.58%
SPMV.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 3.85% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
IGLN.L iShares Physical Gold ETC | -6.13% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between SPMV.L and IGLN.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.08 |
Over the past year, SPMV.L and IGLN.L have become more correlated (0.36) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
SPMV.L vs. IGLN.L — Risk / Return Rank
SPMV.L
IGLN.L
SPMV.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) (SPMV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPMV.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.88 | +0.88 |
| Martin ratioReturn relative to average drawdown | 6.93 | 2.15 | +4.78 |
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Drawdowns
SPMV.L vs. IGLN.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum IGLN.L drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for SPMV.L and IGLN.L.
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Drawdown Indicators
| SPMV.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -45.25% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -24.39% | +18.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -24.39% | +12.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -24.39% | +5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -24.39% | -8.95% |
Current DrawdownCurrent decline from peak | -1.12% | -23.66% | +22.54% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -19.73% | +16.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 9.97% | -8.38% |
Volatility
SPMV.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.34%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.59%. This indicates that SPMV.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
| SPMV.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 7.59% | -5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 23.02% | -16.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 26.39% | -17.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 17.79% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 15.74% | -1.97% |
SPMV.L vs. IGLN.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than IGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPMV.L vs. IGLN.L - Dividend Comparison
Neither SPMV.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and IGLN.L have a correlation of 0.36, 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 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SPMV.L.
SPMV.L is categorized as Global Equities, while IGLN.L is Gold. SPMV.L tracks iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for SPMV.L and 0.12% for IGLN.L.
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