SUAG.L vs. IGLN.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SUAG.L is a Global Bonds fund tracking the iShares US Aggregate Bond UCITS ETF USD (Dist), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SUAG.L returned 1.02%/yr vs 11.29%/yr for IGLN.L. At a 0.24 correlation, their price movements are largely independent. SUAG.L charges 0.25%/yr vs 0.12%/yr for IGLN.L.
Performance
SUAG.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
SUAG.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, SUAG.L achieves a -0.45% return, which is significantly higher than IGLN.L's -6.52% return. Over the past 10 years, SUAG.L has underperformed IGLN.L with an annualized return of 1.02%, while IGLN.L has yielded a comparatively higher 11.29% annualized return.
SUAG.L
- 1D
- -0.65%
- 1M
- -0.92%
- 6M
- -0.59%
- YTD
- -0.45%
- 1Y
- 3.47%
- 3Y*
- 2.64%
- 5Y*
- 0.09%
- 10Y*
- 1.02%
IGLN.L
- 1D
- -1.85%
- 1M
- -7.84%
- 6M
- -12.98%
- YTD
- -6.52%
- 1Y
- 20.18%
- 3Y*
- 25.84%
- 5Y*
- 17.70%
- 10Y*
- 11.29%
SUAG.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | -0.45% | -0.25% | 3.02% | -0.86% | -2.42% | -0.61% | 3.42% | 5.33% | 5.32% | -5.78% |
IGLN.L iShares Physical Gold ETC | -6.52% | 53.18% | 28.34% | 7.77% | 11.79% | -3.12% | 20.51% | 13.80% | 4.52% | 2.03% |
Correlation
The correlation between SUAG.L and IGLN.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011 | 0.24 |
The correlation between SUAG.L and IGLN.L shifts across timeframes, from -0.10 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUAG.L vs. IGLN.L — Risk / Return Rank
SUAG.L
IGLN.L
SUAG.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.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.
| SUAG.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.16 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.83 | -0.11 |
| Martin ratioReturn relative to average drawdown | 1.66 | 2.06 | -0.40 |
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Drawdowns
SUAG.L vs. IGLN.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, smaller than the maximum IGLN.L drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for SUAG.L and IGLN.L.
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Drawdown Indicators
| SUAG.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -41.67% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -24.35% | +19.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -24.35% | +15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -24.35% | +9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | -24.35% | +5.67% |
Current DrawdownCurrent decline from peak | -12.07% | -24.35% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -14.79% | +6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 9.75% | -7.67% |
Volatility
SUAG.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) is 2.10%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.51%. This indicates that SUAG.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
| SUAG.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 7.51% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 22.51% | -18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 25.62% | -19.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 17.25% | -8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 15.78% | -6.84% |
SUAG.L vs. IGLN.L - Expense Ratio Comparison
SUAG.L has a 0.25% 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
SUAG.L vs. IGLN.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.96%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | 3.96% | 3.78% | 3.57% | 3.10% | 2.13% | 1.69% | 2.22% | 2.72% | 2.38% | 2.11% | 1.57% | 1.56% |
Frequently Asked Questions
SUAG.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, 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 0.25% for SUAG.L.
SUAG.L is categorized as Global Bonds, while IGLN.L is Gold. SUAG.L tracks iShares US Aggregate Bond UCITS ETF USD (Dist), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.25% for SUAG.L and 0.12% for IGLN.L.
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