BA.L vs. SGLN.L
BA.L (BAE Systems plc) is a stock, while SGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, BA.L returned 18.87%/yr vs 13.01%/yr for SGLN.L. At a 0.03 correlation, their price movements are largely independent.
Performance
BA.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, BA.L achieves a 12.71% return, which is significantly higher than SGLN.L's -1.83% return. Over the past 10 years, BA.L has outperformed SGLN.L with an annualized return of 18.87%, while SGLN.L has yielded a comparatively lower 13.01% annualized return.
BA.L
- 1D
- -1.62%
- 1M
- -0.91%
- YTD
- 12.71%
- 6M
- 13.60%
- 1Y
- 3.23%
- 3Y*
- 28.80%
- 5Y*
- 32.37%
- 10Y*
- 18.87%
SGLN.L
- 1D
- 2.90%
- 1M
- -9.40%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 25.94%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
BA.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 12.71% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between BA.L and SGLN.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.03 |
The correlation between BA.L and SGLN.L shifts across timeframes, from 0.03 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BA.L vs. SGLN.L — Risk / Return Rank
BA.L
SGLN.L
BA.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.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.
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.
| BA.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.22 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.13 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.33 | 3.51 | -3.18 |
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Drawdowns
BA.L vs. SGLN.L - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for BA.L and SGLN.L.
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Drawdown Indicators
| BA.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -53.23% | +9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -22.87% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -22.87% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -22.87% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | -22.87% | -14.93% |
Current DrawdownCurrent decline from peak | -17.12% | -20.64% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -24.70% | +11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 7.37% | +2.47% |
Volatility
BA.L vs. SGLN.L - Volatility Comparison
BAE Systems plc (BA.L) has a higher volatility of 8.48% compared to iShares Physical Gold ETC (SGLN.L) at 6.68%. This indicates that BA.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
| BA.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 6.68% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 20.78% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 23.82% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 21.84% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 18.84% | +6.23% |
Dividends
BA.L vs. SGLN.L - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 1.90%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.90% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
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
BA.L and SGLN.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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