BATG.DE vs. SGLP.L

Last updated Jun 5, 2026

BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. BATG.DE charges 0.16%/yr vs 0.12%/yr for SGLP.L.

Performance

BATG.DE vs. SGLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE) and Invesco Physical Gold A (SGLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

BATG.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGLP.L

• 1D: 0.63%
• 1M: -3.63%
• YTD: 4.91%
• 6M: 6.23%
• 1Y: 31.29%
• 3Y*: 27.96%
• 5Y*: 19.72%
• 10Y*: 13.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BATG.DE vs. SGLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	5.88%	12.80%	12.76%	1.17%
SGLP.L Invesco Physical Gold A	4.91%	45.59%	34.32%	9.54%	2.45%

Correlation

The correlation between BATG.DE and SGLP.L is 0.10, 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 (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.10

Return for Risk

BATG.DE vs. SGLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGLP.L

SGLP.L Risk / Return Rank: 40
SGLP.L Sharpe Ratio Rank: 42
SGLP.L Sortino Ratio Rank: 37
SGLP.L Omega Ratio Rank: 47
SGLP.L Calmar Ratio Rank: 39
SGLP.L Martin Ratio Rank: 34

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.

BATG.DE vs. SGLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BATG.DE	SGLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.54	—

Drawdowns

Drawdown Indicators

	BATG.DE	SGLP.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.41%	—
Current Drawdown Current decline from peak	—	-15.29%	—
Average Drawdown Average peak-to-trough decline	—	-13.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.62%	—

Volatility

Volatility by Period

	BATG.DE	SGLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.81%	—

BATG.DE vs. SGLP.L - Expense Ratio Comparison

BATG.DE has a 0.16% expense ratio, which is higher than SGLP.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

BATG.DE vs. SGLP.L - Dividend Comparison

Neither BATG.DE nor SGLP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATG.DE and SGLP.L in my portfolio?

BATG.DE and SGLP.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATG.DE or SGLP.L?

On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATG.DE or SGLP.L?

SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.16% for BATG.DE.

What is the main difference between BATG.DE and SGLP.L?

BATG.DE is categorized as Japan Equities, while SGLP.L is Precious Metals. BATG.DE tracks Foxberry Sustainability Consensus Japan, while SGLP.L tracks Gold. They also come from different issuers: LGIM Managers (Europe) Limited and Invesco. Their fees differ too: 0.16% for BATG.DE and 0.12% for SGLP.L.