WENS.L vs. IGLN.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, WENS.L returned 13.87%/yr vs 28.24%/yr for IGLN.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
WENS.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
WENS.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, WENS.L achieves a 31.38% return, which is significantly higher than IGLN.L's 4.12% return.
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
IGLN.L
- 1D
- 0.68%
- 1M
- -1.45%
- YTD
- 4.12%
- 6M
- 5.29%
- 1Y
- 33.65%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- 14.26%
WENS.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
IGLN.L iShares Physical Gold ETC | 4.12% | 53.17% | 28.35% | 7.77% | 1.25% |
Correlation
The correlation between WENS.L and IGLN.L is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.04 |
The correlation between WENS.L and IGLN.L shifts across timeframes, from -0.07 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WENS.L vs. IGLN.L — Risk / Return Rank
WENS.L
IGLN.L
WENS.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
| WENS.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.91 | +1.08 |
| Martin ratioReturn relative to average drawdown | 9.66 | 5.10 | +4.57 |
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
| WENS.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.39 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.52 | +0.07 |
Drawdowns
WENS.L vs. IGLN.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -22.49%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for WENS.L and IGLN.L.
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Drawdown Indicators
| WENS.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -41.86% | +19.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -17.53% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.49% | -17.53% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.37% | — |
Current DrawdownCurrent decline from peak | -7.62% | -15.75% | +8.13% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -14.94% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 6.59% | -2.05% |
Volatility
WENS.L vs. IGLN.L - Volatility Comparison
iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a higher volatility of 7.96% compared to iShares Physical Gold ETC (IGLN.L) at 5.91%. This indicates that WENS.L's price experiences larger fluctuations and is considered to be riskier 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
| WENS.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 5.91% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 21.10% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 24.06% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 16.80% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 16.34% | +5.15% |
WENS.L vs. IGLN.L - Expense Ratio Comparison
Both WENS.L and IGLN.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WENS.L vs. IGLN.L - Dividend Comparison
Neither WENS.L nor IGLN.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
WENS.L and IGLN.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L and IGLN.L have the same expense ratio: 0.25% per year.
WENS.L is categorized as Energy Equities, while IGLN.L is Gold. WENS.L tracks MSCI World/Energy NR USD, while IGLN.L tracks LBMA Gold Price.
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