AIGP.L vs. SGLS.L
AIGP.L (WisdomTree Precious Metals) and SGLS.L (Invesco Physical Gold GBP Hedged ETC) are both Precious Metals funds - AIGP.L tracks the Bloomberg Precious Metals while SGLS.L tracks the Gold (GBP Hedged). Both are passively managed. Over the past 5 years, AIGP.L returned 17.70%/yr vs 16.10%/yr for SGLS.L. A 0.70 correlation means they provide meaningful diversification when combined. AIGP.L charges 0.49%/yr vs 0.34%/yr for SGLS.L.
Performance
AIGP.L vs. SGLS.L - Performance Comparison
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Different Trading Currencies
AIGP.L is traded in USD, while SGLS.L is traded in GBp. To make them comparable, the SGLS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AIGP.L achieves a 4.36% return, which is significantly higher than SGLS.L's 2.76% return.
AIGP.L
- 1D
- 0.43%
- 1M
- -2.03%
- YTD
- 4.36%
- 6M
- 12.47%
- 1Y
- 48.36%
- 3Y*
- 33.51%
- 5Y*
- 17.70%
- 10Y*
- 12.03%
SGLS.L
- 1D
- 0.67%
- 1M
- -3.32%
- YTD
- 2.76%
- 6M
- 5.98%
- 1Y
- 29.53%
- 3Y*
- 32.62%
- 5Y*
- 16.10%
- 10Y*
- —
AIGP.L vs. SGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AIGP.L WisdomTree Precious Metals | 4.36% | 78.63% | 23.25% | 7.81% | -0.87% | -7.48% | -2.45% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 2.76% | 76.07% | 22.71% | 17.37% | -11.75% | -4.62% | 1.08% |
Correlation
The correlation between AIGP.L and SGLS.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.70 |
Over the past year, AIGP.L and SGLS.L have become more correlated (0.91) than their long-term average of 0.70, meaning their price movements have been converging.
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Return for Risk
AIGP.L vs. SGLS.L — Risk / Return Rank
AIGP.L
SGLS.L
AIGP.L vs. SGLS.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 GBP Hedged ETC (SGLS.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.
| AIGP.L | SGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.46 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.13 | 3.60 | +1.53 |
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
| AIGP.L | SGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.09 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.80 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.76 | -0.34 |
Drawdowns
AIGP.L vs. SGLS.L - Drawdown Comparison
The maximum AIGP.L drawdown since its inception was -55.05%, which is greater than SGLS.L's maximum drawdown of -37.85%. Use the drawdown chart below to compare losses from any high point for AIGP.L and SGLS.L.
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Drawdown Indicators
| AIGP.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -37.85% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.14% | -20.20% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -20.20% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -35.79% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -27.53% | — | — |
Current DrawdownCurrent decline from peak | -20.70% | -18.32% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -26.79% | -10.15% | -16.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 8.19% | +1.22% |
Volatility
AIGP.L vs. SGLS.L - Volatility Comparison
WisdomTree Precious Metals (AIGP.L) has a higher volatility of 8.30% compared to Invesco Physical Gold GBP Hedged ETC (SGLS.L) at 7.27%. This indicates that AIGP.L's price experiences larger fluctuations and is considered to be riskier than SGLS.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 | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 7.27% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 27.82% | 23.33% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 27.02% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 22.37% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 22.81% | -2.74% |
AIGP.L vs. SGLS.L - Expense Ratio Comparison
AIGP.L has a 0.49% expense ratio, which is higher than SGLS.L's 0.34% expense ratio.
Dividends
AIGP.L vs. SGLS.L - Dividend Comparison
Neither AIGP.L nor SGLS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AIGP.L and SGLS.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, SGLS.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLS.L is cheaper with a 0.34% expense ratio, compared with 0.49% for AIGP.L.
AIGP.L tracks Bloomberg Precious Metals, while SGLS.L tracks Gold (GBP Hedged). They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.49% for AIGP.L and 0.34% for SGLS.L.
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