CNKY.L vs. SGLN.L
CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CNKY.L is a Japan Equities fund tracking the TOPIX TR JPY, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CNKY.L returned 12.70%/yr vs 14.27%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. CNKY.L charges 0.48%/yr vs 0.12%/yr for SGLN.L.
Performance
CNKY.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CNKY.L achieves a 31.80% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, CNKY.L has underperformed SGLN.L with an annualized return of 12.70%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
CNKY.L
- 1D
- -1.22%
- 1M
- 7.58%
- YTD
- 31.80%
- 6M
- 28.96%
- 1Y
- 64.51%
- 3Y*
- 20.46%
- 5Y*
- 12.16%
- 10Y*
- 12.70%
SGLN.L
- 1D
- 0.70%
- 1M
- -3.53%
- YTD
- 3.89%
- 6M
- 5.21%
- 1Y
- 34.65%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
CNKY.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 31.80% | 20.64% | 9.15% | 15.02% | -10.53% | -4.18% | 21.18% | 16.38% | -3.99% | 14.19% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between CNKY.L and SGLN.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.07 |
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Return for Risk
CNKY.L vs. SGLN.L — Risk / Return Rank
CNKY.L
SGLN.L
CNKY.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.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.
| CNKY.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 1.91 | +2.85 |
| Martin ratioReturn relative to average drawdown | 14.40 | 5.05 | +9.35 |
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
| CNKY.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.45 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.23 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.90 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.55 | +0.12 |
Drawdowns
CNKY.L vs. SGLN.L - Drawdown Comparison
The maximum CNKY.L drawdown since its inception was -23.61%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for CNKY.L and SGLN.L.
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Drawdown Indicators
| CNKY.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -41.71% | +18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -17.57% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -17.57% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -17.57% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.61% | -21.91% | -1.70% |
Current DrawdownCurrent decline from peak | -1.22% | -16.01% | +14.79% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -14.76% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 6.67% | -2.26% |
Volatility
CNKY.L vs. SGLN.L - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a higher volatility of 6.86% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that CNKY.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
| CNKY.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 5.08% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 17.88% | 20.08% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 23.19% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 16.30% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 15.78% | +1.44% |
CNKY.L vs. SGLN.L - Expense Ratio Comparison
CNKY.L has a 0.48% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
CNKY.L vs. SGLN.L - Dividend Comparison
Neither CNKY.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CNKY.L and SGLN.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.48% for CNKY.L.
CNKY.L is categorized as Japan Equities, while SGLN.L is Gold. CNKY.L tracks TOPIX TR JPY, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.48% for CNKY.L and 0.12% for SGLN.L.
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