BUYB.L vs. SGLP.L
BUYB.L (Invesco Global Buyback Achievers UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - BUYB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, BUYB.L returned 12.23%/yr vs 13.40%/yr for SGLP.L. At a 0.01 correlation, their price movements are largely independent. BUYB.L charges 0.39%/yr vs 0.12%/yr for SGLP.L.
Performance
BUYB.L vs. SGLP.L - Performance Comparison
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Different Trading Currencies
BUYB.L 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, BUYB.L achieves a 5.15% return, which is significantly higher than SGLP.L's 3.00% return. Over the past 10 years, BUYB.L has underperformed SGLP.L with an annualized return of 12.23%, while SGLP.L has yielded a comparatively higher 13.40% annualized return.
BUYB.L
- 1D
- -0.59%
- 1M
- -0.48%
- YTD
- 5.15%
- 6M
- 8.31%
- 1Y
- 23.43%
- 3Y*
- 21.39%
- 5Y*
- 9.61%
- 10Y*
- 12.23%
SGLP.L
- 1D
- -1.43%
- 1M
- -3.88%
- YTD
- 3.00%
- 6M
- 4.94%
- 1Y
- 32.27%
- 3Y*
- 31.20%
- 5Y*
- 18.45%
- 10Y*
- 13.40%
BUYB.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUYB.L Invesco Global Buyback Achievers UCITS ETF | 5.15% | 30.80% | 12.99% | 15.60% | -11.41% | 19.77% | 12.17% | 29.44% | -14.23% | 21.28% |
SGLP.L Invesco Physical Gold A | 3.00% | 65.19% | 26.00% | 12.92% | -0.12% | -3.76% | 23.67% | 19.25% | -1.60% | 11.32% |
Correlation
The correlation between BUYB.L and SGLP.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014 | 0.01 |
Over the past year, BUYB.L and SGLP.L have become more correlated (0.25) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
BUYB.L vs. SGLP.L — Risk / Return Rank
BUYB.L
SGLP.L
BUYB.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) 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.
| BUYB.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.81 | +1.69 |
| Martin ratioReturn relative to average drawdown | 11.25 | 4.78 | +6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUYB.L | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.33 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.06 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.85 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.22 |
Drawdowns
BUYB.L vs. SGLP.L - Drawdown Comparison
The maximum BUYB.L drawdown since its inception was -38.99%, smaller than the maximum SGLP.L drawdown of -41.88%. Use the drawdown chart below to compare losses from any high point for BUYB.L and SGLP.L.
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Drawdown Indicators
| BUYB.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -41.88% | +2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -17.77% | +11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -17.77% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.43% | -21.43% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -21.51% | -17.48% |
Current DrawdownCurrent decline from peak | -1.25% | -16.43% | +15.18% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -18.10% | +12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 6.73% | -4.65% |
Volatility
BUYB.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) is 3.20%, while Invesco Physical Gold A (SGLP.L) has a volatility of 5.67%. This indicates that BUYB.L experiences smaller price fluctuations and is considered to be less risky 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
| BUYB.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 5.67% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 20.86% | -12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 24.09% | -12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.40% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 15.76% | +1.22% |
BUYB.L vs. SGLP.L - Expense Ratio Comparison
BUYB.L has a 0.39% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Dividends
BUYB.L vs. SGLP.L - Dividend Comparison
BUYB.L's dividend yield for the trailing twelve months is around 1.71%, while SGLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUYB.L Invesco Global Buyback Achievers UCITS ETF | 1.71% | 1.85% | 1.84% | 1.71% | 1.92% | 1.22% | 1.51% | 1.84% | 1.35% | 1.18% | 1.72% | 1.30% |
SGLP.L Invesco Physical Gold A | 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
BUYB.L and SGLP.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.39% for BUYB.L.
BUYB.L is categorized as Global Equities, while SGLP.L is Precious Metals. BUYB.L tracks MSCI ACWI NR USD, while SGLP.L tracks Gold. Their fees differ too: 0.39% for BUYB.L and 0.12% for SGLP.L.
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