AIGP.L vs. SGLD.L
AIGP.L (WisdomTree Precious Metals) and SGLD.L (Invesco Physical Gold ETC) are both exchange-traded funds - AIGP.L is a Precious Metals fund tracking the Bloomberg Precious Metals, while SGLD.L is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, AIGP.L returned 9.36%/yr vs 11.45%/yr for SGLD.L. Their correlation of 0.94 suggests significant overlap in exposure. AIGP.L charges 0.49%/yr vs 0.12%/yr for SGLD.L.
Performance
AIGP.L vs. SGLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIGP.L achieves a -9.45% return, which is significantly lower than SGLD.L's -7.02% return. Over the past 10 years, AIGP.L has underperformed SGLD.L with an annualized return of 9.36%, while SGLD.L has yielded a comparatively higher 11.45% annualized return.
AIGP.L
- 1D
- -0.20%
- 1M
- -10.58%
- 6M
- -18.79%
- YTD
- -9.45%
- 1Y
- 27.71%
- 3Y*
- 26.38%
- 5Y*
- 15.67%
- 10Y*
- 9.36%
SGLD.L
- 1D
- -0.19%
- 1M
- -8.01%
- 6M
- -12.74%
- YTD
- -7.02%
- 1Y
- 19.99%
- 3Y*
- 26.37%
- 5Y*
- 17.08%
- 10Y*
- 11.45%
AIGP.L vs. SGLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIGP.L WisdomTree Precious Metals | -9.45% | 78.65% | 23.25% | 7.81% | -0.87% | -7.85% | 24.21% | 15.96% | -4.62% | 7.58% |
SGLD.L Invesco Physical Gold ETC | -7.02% | 64.87% | 26.23% | 13.36% | -0.08% | -4.08% | 24.18% | 18.33% | -1.30% | 11.54% |
Correlation
The correlation between AIGP.L and SGLD.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.94 |
The correlation between AIGP.L and SGLD.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
AIGP.L vs. SGLD.L — Risk / Return Rank
AIGP.L
SGLD.L
AIGP.L vs. SGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Precious Metals (AIGP.L) and Invesco Physical Gold ETC (SGLD.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.
| AIGP.L | SGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.82 | +0.07 |
| Martin ratioReturn relative to average drawdown | 2.04 | 1.96 | +0.08 |
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Drawdowns
AIGP.L vs. SGLD.L - Drawdown Comparison
The maximum AIGP.L drawdown since its inception was -55.04%, which is greater than SGLD.L's maximum drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for AIGP.L and SGLD.L.
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Drawdown Indicators
| AIGP.L | SGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.04% | -45.21% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -31.19% | -24.36% | -6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -24.36% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -24.36% | -6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -24.36% | -6.83% |
Current DrawdownCurrent decline from peak | -31.19% | -24.35% | -6.84% |
Average DrawdownAverage peak-to-trough decline | -28.57% | -17.97% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.58% | 10.18% | +3.40% |
Volatility
AIGP.L vs. SGLD.L - Volatility Comparison
WisdomTree Precious Metals (AIGP.L) has a higher volatility of 7.76% compared to Invesco Physical Gold ETC (SGLD.L) at 6.96%. This indicates that AIGP.L's price experiences larger fluctuations and is considered to be riskier than SGLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIGP.L | SGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 6.96% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 28.26% | 22.99% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.43% | 26.36% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 17.72% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 15.71% | +3.00% |
AIGP.L vs. SGLD.L - Expense Ratio Comparison
AIGP.L has a 0.49% expense ratio, which is higher than SGLD.L's 0.12% expense ratio.
Dividends
AIGP.L vs. SGLD.L - Dividend Comparison
Neither AIGP.L nor SGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, AIGP.L and SGLD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SGLD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLD.L is cheaper with a 0.12% expense ratio, compared with 0.49% for AIGP.L.
AIGP.L is categorized as Precious Metals, while SGLD.L is Gold. AIGP.L tracks Bloomberg Precious Metals, while SGLD.L tracks LBMA Gold Price PM. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.49% for AIGP.L and 0.12% for SGLD.L.
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