ARGX vs. SGLP.L
ARGX (argenx SE) is a stock, while SGLP.L (Invesco Physical Gold A) is Gold fund tracking the Gold. Over the past 5 years, ARGX returned 23.21%/yr vs 17.41%/yr for SGLP.L. At a 0.07 correlation, their price movements are largely independent.
Performance
ARGX vs. SGLP.L - Performance Comparison
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Different Trading Currencies
ARGX is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARGX achieves a 6.25% return, which is significantly higher than SGLP.L's -2.23% return.
ARGX
- 1D
- -0.60%
- 1M
- 11.79%
- YTD
- 6.25%
- 6M
- 1.77%
- 1Y
- 54.62%
- 3Y*
- 31.12%
- 5Y*
- 23.21%
- 10Y*
- —
SGLP.L
- 1D
- 2.69%
- 1M
- -7.28%
- YTD
- -2.23%
- 6M
- -1.73%
- 1Y
- 23.21%
- 3Y*
- 29.23%
- 5Y*
- 17.41%
- 10Y*
- 12.42%
ARGX vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARGX argenx SE | 6.25% | 36.74% | 61.66% | 0.42% | 8.18% | 19.08% | 83.21% | 67.09% | 52.15% | 252.74% |
SGLP.L Invesco Physical Gold A | -2.23% | 65.19% | 26.00% | 12.92% | -0.12% | -3.76% | 23.67% | 19.25% | -1.60% | 2.72% |
Correlation
The correlation between ARGX and SGLP.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.07 |
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Return for Risk
ARGX vs. SGLP.L — Risk / Return Rank
ARGX
SGLP.L
ARGX vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for argenx SE (ARGX) and Invesco Physical Gold A (SGLP.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.
| ARGX | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.05 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.89 | 3.19 | +1.70 |
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Drawdowns
ARGX vs. SGLP.L - Drawdown Comparison
The maximum ARGX drawdown since its inception was -38.20%, smaller than the maximum SGLP.L drawdown of -66.38%. Use the drawdown chart below to compare losses from any high point for ARGX and SGLP.L.
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Drawdown Indicators
| ARGX | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -66.38% | +28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -28.58% | -22.75% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -38.20% | -22.75% | -15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | -22.75% | -15.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.75% | — |
Current DrawdownCurrent decline from peak | -3.88% | -20.68% | +16.80% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -39.76% | +28.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 7.49% | +3.30% |
Volatility
ARGX vs. SGLP.L - Volatility Comparison
argenx SE (ARGX) has a higher volatility of 11.41% compared to Invesco Physical Gold A (SGLP.L) at 7.18%. This indicates that ARGX's price experiences larger fluctuations and is considered to be riskier than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARGX | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 7.18% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 22.41% | 21.60% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.80% | 24.75% | +6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.55% | 22.64% | +15.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.52% | 18.77% | +32.75% |
Dividends
ARGX vs. SGLP.L - Dividend Comparison
Neither ARGX nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
ARGX and SGLP.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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