020Y.L vs. SGLN.L
020Y.L (iShares € Govt Bond 20yr Target Duration UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - 020Y.L is a European Government Bonds fund tracking the Markit iBoxx EUR Eurozone 20yr Target Duration Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, 020Y.L returned -10.94%/yr vs 18.29%/yr for SGLN.L. At a 0.13 correlation, their price movements are largely independent. 020Y.L charges 0.15%/yr vs 0.12%/yr for SGLN.L.
Performance
020Y.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
020Y.L is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 020Y.L achieves a -1.53% return, which is significantly higher than SGLN.L's -2.82% return.
020Y.L
- 1D
- -0.14%
- 1M
- -3.05%
- 6M
- -2.14%
- YTD
- -1.53%
- 1Y
- -4.31%
- 3Y*
- -3.47%
- 5Y*
- -10.94%
- 10Y*
- —
SGLN.L
- 1D
- 0.00%
- 1M
- -4.87%
- 6M
- -10.09%
- YTD
- -2.82%
- 1Y
- 24.30%
- 3Y*
- 26.86%
- 5Y*
- 18.29%
- 10Y*
- 11.33%
020Y.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | -1.53% | -10.89% | -5.04% | 7.85% | -36.19% | -8.42% | 1.97% |
SGLN.L iShares Physical Gold ETC | -3.60% | 45.64% | 34.39% | 9.51% | 6.07% | 3.50% | -5.93% |
Correlation
The correlation between 020Y.L and SGLN.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.13 |
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Return for Risk
020Y.L vs. SGLN.L — Risk / Return Rank
020Y.L
SGLN.L
020Y.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) and iShares Physical Gold ETC (SGLN.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.
| 020Y.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.20 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.07 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.55 | -3.65 |
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Drawdowns
020Y.L vs. SGLN.L - Drawdown Comparison
The maximum 020Y.L drawdown since its inception was -48.58%, roughly equal to the maximum SGLN.L drawdown of -47.83%. Use the drawdown chart below to compare losses from any high point for 020Y.L and SGLN.L.
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Drawdown Indicators
| 020Y.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -47.83% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -22.56% | +15.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -22.56% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -47.47% | -22.56% | -24.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.56% | — |
Current DrawdownCurrent decline from peak | -48.12% | -21.52% | -26.60% |
Average DrawdownAverage peak-to-trough decline | -32.92% | -22.38% | -10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 9.51% | -5.60% |
Volatility
020Y.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) is 3.10%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.72%. This indicates that 020Y.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 020Y.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 6.72% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 21.21% | -13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 24.52% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.03% | 22.10% | +21.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 18.02% | +22.92% |
020Y.L vs. SGLN.L - Expense Ratio Comparison
020Y.L has a 0.15% expense ratio, which is higher than SGLN.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
020Y.L vs. SGLN.L - Dividend Comparison
020Y.L's dividend yield for the trailing twelve months is around 3.65%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | 3.65% | 3.42% | 2.94% | 2.11% | 0.91% | 0.10% | 0.11% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
020Y.L and SGLN.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.15% for 020Y.L.
020Y.L is categorized as European Government Bonds, while SGLN.L is Gold. 020Y.L tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.15% for 020Y.L and 0.12% for SGLN.L.
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