ACWI.L vs. SGLN.L
ACWI.L (SPDR MSCI ACWI UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ACWI.L is a Global Equities fund tracking the MSCI ACWI Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ACWI.L returned -30.84%/yr vs 13.01%/yr for SGLN.L. At a correlation of -0.02, they often move in opposite directions. ACWI.L charges 0.40%/yr vs 0.12%/yr for SGLN.L.
Performance
ACWI.L vs. SGLN.L - Performance Comparison
Loading charts...
Different Trading Currencies
ACWI.L is traded in GBP, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWI.L achieves a 10.58% return, which is significantly higher than SGLN.L's -1.83% return. Over the past 10 years, ACWI.L has underperformed SGLN.L with an annualized return of -30.84%, while SGLN.L has yielded a comparatively higher 13.01% annualized return.
ACWI.L
- 1D
- 1.75%
- 1M
- 0.47%
- YTD
- 10.58%
- 6M
- 11.29%
- 1Y
- 28.32%
- 3Y*
- 17.45%
- 5Y*
- -58.35%
- 10Y*
- -30.84%
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
ACWI.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWI.L SPDR MSCI ACWI UCITS ETF | 10.58% | 14.32% | 19.66% | 15.59% | -8.59% | -99.12% | 15.70% | 26.48% | -9.57% | 23.83% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between ACWI.L and SGLN.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | -0.02 |
The correlation between ACWI.L and SGLN.L shifts across timeframes, from -0.02 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ACWI.L vs. SGLN.L — Risk / Return Rank
ACWI.L
SGLN.L
ACWI.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (ACWI.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.
| ACWI.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.22 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.13 | +2.76 |
| Martin ratioReturn relative to average drawdown | 15.37 | 3.51 | +11.86 |
Loading charts...
Drawdowns
ACWI.L vs. SGLN.L - Drawdown Comparison
The maximum ACWI.L drawdown since its inception was -99.37%, which is greater than SGLN.L's maximum drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for ACWI.L and SGLN.L.
Loading charts...
Drawdown Indicators
| ACWI.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.37% | -53.23% | -46.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -22.87% | +15.82% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -22.87% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -99.37% | -22.87% | -76.50% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -22.87% | -76.50% |
Current DrawdownCurrent decline from peak | -98.82% | -20.64% | -78.18% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -24.70% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 7.37% | -5.58% |
Volatility
ACWI.L vs. SGLN.L - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (ACWI.L) is 3.61%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.68%. This indicates that ACWI.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.
Loading charts...
Volatility by Period
| ACWI.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 6.68% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 20.78% | -12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 23.82% | -13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.28% | 21.84% | +26.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.83% | 18.84% | +16.99% |
ACWI.L vs. SGLN.L - Expense Ratio Comparison
ACWI.L has a 0.40% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
ACWI.L vs. SGLN.L - Dividend Comparison
Neither ACWI.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ACWI.L and SGLN.L have a correlation of 0.21, 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 0.40% for ACWI.L.
ACWI.L is categorized as Global Equities, while SGLN.L is Gold. ACWI.L tracks MSCI ACWI Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for ACWI.L and 0.12% for SGLN.L.
Find the right allocation for ACWI.L and SGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer