AUCO.L vs. SGBX.L
AUCO.L (L&G Gold Mining UCITS ETF) and SGBX.L (WisdomTree Physical Swiss Gold) are both Gold funds - AUCO.L tracks the STOXX Global Gold Miners Index while SGBX.L tracks the Gold. Both are passively managed. Over the past 10 years, AUCO.L returned 13.80%/yr vs 8.63%/yr for SGBX.L. A 0.66 correlation means they provide meaningful diversification when combined. AUCO.L charges 0.55%/yr vs 0.15%/yr for SGBX.L.
Performance
AUCO.L vs. SGBX.L - Performance Comparison
Loading charts...
Different Trading Currencies
AUCO.L is traded in USD, while SGBX.L is traded in GBp. To make them comparable, the SGBX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUCO.L achieves a -9.57% return, which is significantly lower than SGBX.L's -5.43% return. Over the past 10 years, AUCO.L has outperformed SGBX.L with an annualized return of 13.80%, while SGBX.L has yielded a comparatively lower 8.63% annualized return.
AUCO.L
- 1D
- 2.52%
- 1M
- -9.87%
- YTD
- -9.57%
- 6M
- -14.11%
- 1Y
- 53.11%
- 3Y*
- 49.15%
- 5Y*
- 23.24%
- 10Y*
- 13.80%
SGBX.L
- 1D
- 1.44%
- 1M
- -8.11%
- YTD
- -5.43%
- 6M
- -9.10%
- 1Y
- 22.59%
- 3Y*
- 28.44%
- 5Y*
- 17.90%
- 10Y*
- 8.63%
AUCO.L vs. SGBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUCO.L L&G Gold Mining UCITS ETF | -9.57% | 181.83% | 17.96% | 15.02% | -14.30% | -10.12% | 21.72% | 44.14% | -10.42% | 10.00% |
SGBX.L WisdomTree Physical Swiss Gold | -5.43% | 65.13% | 26.00% | 12.90% | -0.16% | -3.76% | 23.68% | 19.27% | -1.56% | -9.58% |
Correlation
The correlation between AUCO.L and SGBX.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.66 |
The correlation between AUCO.L and SGBX.L shifts across timeframes, from 0.66 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUCO.L vs. SGBX.L — Risk / Return Rank
AUCO.L
SGBX.L
AUCO.L vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCO.L) and WisdomTree Physical Swiss Gold (SGBX.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.
| AUCO.L | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.91 | +0.56 |
| Martin ratioReturn relative to average drawdown | 3.75 | 2.59 | +1.17 |
Loading charts...
Drawdowns
AUCO.L vs. SGBX.L - Drawdown Comparison
The maximum AUCO.L drawdown since its inception was -78.30%, which is greater than SGBX.L's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for AUCO.L and SGBX.L.
Loading charts...
Drawdown Indicators
| AUCO.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.30% | -62.96% | -15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -35.92% | -24.78% | -11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -35.92% | -24.78% | -11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -48.62% | -24.78% | -23.84% |
Max Drawdown (10Y)Largest decline over 10 years | -54.47% | -35.61% | -18.86% |
Current DrawdownCurrent decline from peak | -32.56% | -23.46% | -9.10% |
Average DrawdownAverage peak-to-trough decline | -40.75% | -34.01% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.11% | 8.72% | +5.39% |
Volatility
AUCO.L vs. SGBX.L - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCO.L) has a higher volatility of 18.91% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 8.57%. This indicates that AUCO.L's price experiences larger fluctuations and is considered to be riskier than SGBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AUCO.L | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.91% | 8.57% | +10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 39.30% | 22.18% | +17.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.02% | 25.28% | +22.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.69% | 22.77% | +15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 20.09% | +15.56% |
AUCO.L vs. SGBX.L - Expense Ratio Comparison
AUCO.L has a 0.55% expense ratio, which is higher than SGBX.L's 0.15% expense ratio.
Dividends
AUCO.L vs. SGBX.L - Dividend Comparison
Neither AUCO.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
AUCO.L and SGBX.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.55% for AUCO.L.
AUCO.L tracks STOXX Global Gold Miners Index, while SGBX.L tracks Gold. They also come from different issuers: L&G and WisdomTree. Their fees differ too: 0.55% for AUCO.L and 0.15% for SGBX.L.
Find the right allocation for AUCO.L and SGBX.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer