CNX1 50 SGLN 50

Asset Allocation

Position	Category/Sector	Target Weight
SGLN.L iShares Physical Gold ETC	Gold, Precious Metals, Commodities	50%
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	Nasdaq-100	50%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of £10,000 in CNX1 50 SGLN 50, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Returns By Period

As of Jun 6, 2026, the CNX1 50 SGLN 50 returned 10.45% Year-To-Date and 18.77% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.00%	1.99%	8.95%	7.70%	24.78%	17.43%	13.11%	14.18%
Portfolio CNX1 50 SGLN 50	-0.12%	-0.61%	10.45%	10.48%	36.92%	27.31%	19.62%	18.77%
Portfolio components:
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	-0.16%	3.85%	17.33%	15.28%	38.06%	24.63%	18.10%	22.21%
SGLN.L iShares Physical Gold ETC	-0.06%	-6.00%	1.38%	3.07%	31.70%	27.57%	19.24%	13.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 11, 2011, CNX1 50 SGLN 50's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jun 2016 with a return of +12.7%, while the worst month was Apr 2011 at -18.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CNX1 50 SGLN 50 closed higher 54% of trading days. The best single day was Nov 16, 2023 with a return of +24.8%, while the worst single day was Apr 12, 2011 at -19.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.26%	3.23%	-7.64%	5.42%	6.41%	-2.80%							10.45%
2025	5.84%	-3.17%	-1.17%	0.46%	3.53%	1.47%	5.59%	0.09%	8.73%	7.02%	0.97%	-0.22%	32.44%
2024	0.82%	2.55%	5.05%	1.06%	0.87%	4.85%	-0.89%	-0.37%	2.11%	6.13%	2.24%	1.31%	28.67%
2023	5.95%	-0.78%	6.04%	-1.00%	5.28%	-0.49%	2.04%	0.12%	-0.94%	2.58%	2.10%	3.22%	26.49%
2022	-5.43%	1.91%	5.66%	-2.64%	-4.33%	8.07%	-5.60%	1.38%	-1.34%	-3.31%	0.08%	-1.87%	-8.09%
2021	-0.85%	-5.09%	1.09%	4.50%	0.34%	2.09%	2.26%	2.81%	-1.85%	2.07%	4.74%	0.16%	12.54%

Benchmark Metrics

CNX1 50 SGLN 50 has an annualized alpha of 10.42%, beta of 0.33, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since April 11, 2011.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.02%) than losses (37.66%) - typical of diversified or defensive assets.
Beta of 0.33 may look defensive, but with R2 of 0.12 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.12 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha: 10.42%

Beta: 0.33

R²: 0.12

Upside Capture: 67.02%

Downside Capture: 37.66%

Expense Ratio

CNX1 50 SGLN 50 has an expense ratio of 0.24%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

CNX1.L

iShares NASDAQ 100 UCITS ETF USD (Acc)

SGLN.L

iShares Physical Gold ETC

Return for Risk

Risk / Return Rank

CNX1 50 SGLN 50 ranks 73 for risk / return — better than 73% of Portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for CNX1 50 SGLN 50 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.50	2.14	+0.36
Sortino ratioReturn per unit of downside risk	3.19	2.78	+0.40
Omega ratioGain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratioReturn relative to maximum drawdown	3.29	3.10	+0.19
Martin ratioReturn relative to average drawdown	13.43	11.53	+1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	78	2.55	3.39	1.45	3.44	10.12
SGLN.L iShares Physical Gold ETC	40	1.35	1.78	1.27	1.75	4.61

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

CNX1 50 SGLN 50 Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 2.50
5-Year: 0.95
10-Year: 1.07
All Time: 0.81

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of CNX1 50 SGLN 50 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

CNX1 50 SGLN 50 doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the CNX1 50 SGLN 50. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the CNX1 50 SGLN 50 was 20.48%, occurring on Jun 13, 2011. Recovery took 440 trading sessions.

The current CNX1 50 SGLN 50 drawdown is 0.58%.

Related event	Drawdown	Fall	Recovery	Underwater
2011 bear market2011	-20.48%Jun 2011	2mo 3d	1y 8mo	1y 11moApr 2011 - Mar 2013
2023 bear market2023	-20.11%Dec 2023	17d	10mo 11d	10mo 28dNov 2023 - Oct 2024
Bear market2022	-13.46%Dec 2022	6mo 4d	4mo 28d	11mo 2dJun 2022 - May 2023
2013 correction2013	-12.26%Jun 2013	3mo 15d	1y 2mo	1y 5moMar 2013 - Sep 2014
2015 correction2015	-12.21%Aug 2015	4mo 13d	5mo 26d	10mo 9dApr 2015 - Feb 2016

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.33	1.15	1.24	1.26	1.31

The portfolio has a diversification ratio of 1.31, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

CNX1 50 SGLN 50 correlation to the S&P 500 Index

CNX1 50 SGLN 50 has a 0.36 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011	0.46

Benchmark Correlations

Correlation vs. S&P 500 Index. CNX1.L has the highest benchmark correlation at 0.59, while SGLN.L has the lowest at 0.06.

SGLN.L

0.06

CNX1.L

0.59

Portfolio Correlations

Correlation vs. CNX1 50 SGLN 50. CNX1.L has the highest portfolio correlation at 0.75, while SGLN.L has the lowest at 0.64.

SGLN.L

0.64

CNX1.L

0.75

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	SGLN.L	CNX1.L
SGLN.L	1.00	0.06
CNX1.L	0.06	1.00

The correlation results are calculated based on daily price changes starting from Apr 11, 2011

Diversification Analysis

Find what CNX1 50 SGLN 50 is missing

See which holdings overlap, where CNX1 50 SGLN 50 is concentrated, and which low-correlation assets could fill the gaps.

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