ANRJ.L vs. SGLN.L
ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ANRJ.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ANRJ.L returned 16.23%/yr vs 14.27%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. ANRJ.L charges 0.25%/yr vs 0.12%/yr for SGLN.L.
Performance
ANRJ.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ANRJ.L achieves a 27.53% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, ANRJ.L has outperformed SGLN.L with an annualized return of 16.23%, while SGLN.L has yielded a comparatively lower 14.27% annualized return.
ANRJ.L
- 1D
- -0.73%
- 1M
- -1.44%
- YTD
- 27.53%
- 6M
- 25.69%
- 1Y
- 66.23%
- 3Y*
- 33.07%
- 5Y*
- 28.76%
- 10Y*
- 16.23%
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
ANRJ.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF | 27.53% | 43.26% | 10.68% | 9.79% | 44.73% | 26.52% | -27.94% | 3.65% | 0.61% | 9.59% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between ANRJ.L and SGLN.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2012 | 0.07 |
Over the past year, ANRJ.L and SGLN.L have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
ANRJ.L vs. SGLN.L — Risk / Return Rank
ANRJ.L
SGLN.L
ANRJ.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.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.
| ANRJ.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.29 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 8.15 | 1.91 | +6.24 |
| Martin ratioReturn relative to average drawdown | 26.14 | 5.05 | +21.10 |
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
| ANRJ.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.01 | 1.45 | +2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 1.23 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.90 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.55 | -0.06 |
Drawdowns
ANRJ.L vs. SGLN.L - Drawdown Comparison
The maximum ANRJ.L drawdown since its inception was -57.08%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and SGLN.L.
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Drawdown Indicators
| ANRJ.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -41.71% | -15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -17.57% | +9.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -17.57% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -17.57% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -57.08% | -21.91% | -35.17% |
Current DrawdownCurrent decline from peak | -3.59% | -16.01% | +12.42% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -14.76% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 6.67% | -4.14% |
Volatility
ANRJ.L vs. SGLN.L - Volatility Comparison
Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) has a higher volatility of 6.93% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that ANRJ.L's price experiences larger fluctuations and is considered to be riskier 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
| ANRJ.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 5.08% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 20.08% | -6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 23.19% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.21% | 16.30% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 15.78% | +8.91% |
ANRJ.L vs. SGLN.L - Expense Ratio Comparison
ANRJ.L has a 0.25% 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
ANRJ.L vs. SGLN.L - Dividend Comparison
Neither ANRJ.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ANRJ.L and SGLN.L have a correlation of 0.29, 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 0.25% for ANRJ.L.
ANRJ.L is categorized as Energy Equities, while SGLN.L is Gold. ANRJ.L tracks MSCI World/Energy NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for ANRJ.L and 0.12% for SGLN.L.
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