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ASML.AS vs. SGLN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASML.AS vs. SGLN.L

Last updated Jun 14, 2026

ASML.AS (ASML Holding N.V.) is a stock, while SGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, ASML.AS returned 35.87%/yr vs 12.07%/yr for SGLN.L. At a correlation of -0.01, they often move in opposite directions.

Performance

ASML.AS vs. SGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ASML Holding N.V. (ASML.AS) and iShares Physical Gold ETC (SGLN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ASML.AS is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASML.AS achieves a 77.49% return, which is significantly higher than SGLN.L's -0.78% return. Over the past 10 years, ASML.AS has outperformed SGLN.L with an annualized return of 35.87%, while SGLN.L has yielded a comparatively lower 12.07% annualized return.

ASML.AS

1D
3.40%
1M
24.72%
YTD
77.49%
6M
76.74%
1Y
147.16%
3Y*
34.95%
5Y*
24.36%
10Y*
35.87%

SGLN.L

1D
2.82%
1M
-6.79%
YTD
-0.78%
6M
-0.22%
1Y
23.07%
3Y*
26.25%
5Y*
18.48%
10Y*
12.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASML.AS vs. SGLN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ASML.AS
ASML Holding N.V.		77.49%37.08%0.36%36.66%-27.83%78.74%52.10%95.32%-4.67%37.45%
SGLN.L
iShares Physical Gold ETC		-0.78%45.64%34.39%9.51%6.07%3.50%13.41%21.93%3.07%-2.32%

Correlation

The correlation between ASML.AS and SGLN.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (10Y)
Calculated over the trailing 10-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2011

-0.01

The correlation between ASML.AS and SGLN.L shifts across timeframes, from -0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

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ASML Holding N.V.

iShares Physical Gold ETC

Often compared with ASML.AS:
ASML.AS vs. NVDAASML.AS vs. ASMLASML.AS vs. SPYASML.AS vs. ASME.DEASML.AS vs. TSMASML.AS vs. AMDASML.AS vs. KLAC
Often compared with SGLN.L:
SGLN.L vs. IGLN.LSGLN.L vs. GLDSGLN.L vs. IAUSGLN.L vs. SGLS.LSGLN.L vs. GLDW.LSGLN.L vs. GBSP.LSGLN.L vs. PHGP.L

Return for Risk

ASML.AS vs. SGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASML.AS
ASML.AS Risk / Return Rank: 9696
Overall Rank
ASML.AS Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ASML.AS Sortino Ratio Rank: 9595
Sortino Ratio Rank
ASML.AS Omega Ratio Rank: 9494
Omega Ratio Rank
ASML.AS Calmar Ratio Rank: 9797
Calmar Ratio Rank
ASML.AS Martin Ratio Rank: 9797
Martin Ratio Rank
SGLN.L
SGLN.L Risk / Return Rank: 3232
Overall Rank
SGLN.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
SGLN.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
SGLN.L Omega Ratio Rank: 3838
Omega Ratio Rank
SGLN.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
SGLN.L Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASML.AS vs. SGLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML.AS) 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.

ASML.ASSGLN.LDifference
Sharpe ratioReturn per unit of total volatility
3.47
1.01

+2.46

Sortino ratioReturn per unit of downside risk
3.84
1.42

+2.42

Omega ratioGain probability vs. loss probability

1.50

1.20

+0.29

Calmar ratioReturn relative to maximum drawdown

8.87

1.09

+7.78

Martin ratioReturn relative to average drawdown

23.14

3.30

+19.84

ASML.AS vs. SGLN.L - Sharpe Ratio Comparison

The current ASML.AS Sharpe Ratio is 3.47, which is higher than the SGLN.L Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of ASML.AS and SGLN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ASML.AS vs. SGLN.L - Drawdown Comparison

The maximum ASML.AS drawdown since its inception was -56.76%, which is greater than SGLN.L's maximum drawdown of -47.83%. Use the drawdown chart below to compare losses from any high point for ASML.AS and SGLN.L.

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Drawdown Indicators

ASML.ASSGLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.76%

-47.83%

-8.93%

Max Drawdown (1Y)

Largest decline over 1 year

-15.81%

-22.06%

+6.25%

Max Drawdown (3Y)

Largest decline over 3 years

-44.77%

-22.06%

-22.71%

Max Drawdown (5Y)

Largest decline over 5 years

-47.93%

-22.06%

-25.87%

Max Drawdown (10Y)

Largest decline over 10 years

-47.93%

-22.06%

-25.87%

Current Drawdown

Current decline from peak

0.00%

-19.86%

+19.86%

Average Drawdown

Average peak-to-trough decline

-14.83%

-22.39%

+7.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.09%

7.25%

-1.16%

Volatility

ASML.AS vs. SGLN.L - Volatility Comparison

ASML Holding N.V. (ASML.AS) has a higher volatility of 13.41% compared to iShares Physical Gold ETC (SGLN.L) at 6.60%. This indicates that ASML.AS'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

ASML.ASSGLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.41%

6.60%

+6.81%

Volatility (6M)

Calculated over the trailing 6-month period

31.18%

20.87%

+10.31%

Volatility (1Y)

Calculated over the trailing 1-year period

40.46%

23.81%

+16.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.54%

21.94%

+16.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.18%

18.08%

+16.10%

Dividends

ASML.AS vs. SGLN.L - Dividend Comparison

ASML.AS's dividend yield for the trailing twelve months is around 0.46%, while SGLN.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ASML.AS
ASML Holding N.V.		0.46%0.71%0.92%0.87%1.28%0.47%0.64%1.19%1.02%0.83%0.98%0.85%
SGLN.L
iShares Physical Gold ETC		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ASML.AS and SGLN.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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