CSCA.L vs. SGLN.L
CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CSCA.L returned 11.72%/yr vs 14.27%/yr for SGLN.L. At a 0.13 correlation, their price movements are largely independent. CSCA.L charges 0.48%/yr vs 0.12%/yr for SGLN.L.
Performance
CSCA.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CSCA.L achieves a 9.66% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, CSCA.L has underperformed SGLN.L with an annualized return of 11.72%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
CSCA.L
- 1D
- 0.52%
- 1M
- 3.48%
- YTD
- 9.66%
- 6M
- 12.09%
- 1Y
- 34.16%
- 3Y*
- 19.18%
- 5Y*
- 12.56%
- 10Y*
- 11.72%
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
CSCA.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 9.66% | 27.37% | 14.01% | 7.76% | -1.83% | 24.99% | 3.07% | 21.81% | -12.31% | 5.15% |
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 CSCA.L and SGLN.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.13 |
Over the past year, CSCA.L and SGLN.L have become more correlated (0.33) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
CSCA.L vs. SGLN.L — Risk / Return Rank
CSCA.L
SGLN.L
CSCA.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.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.
| CSCA.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.29 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 1.91 | +2.94 |
| Martin ratioReturn relative to average drawdown | 19.98 | 5.05 | +14.93 |
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
| CSCA.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.45 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.23 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.90 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.55 | +0.06 |
Drawdowns
CSCA.L vs. SGLN.L - Drawdown Comparison
The maximum CSCA.L drawdown since its inception was -33.80%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for CSCA.L and SGLN.L.
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Drawdown Indicators
| CSCA.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -41.71% | +7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -17.57% | +10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -17.57% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -14.18% | -17.57% | +3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -21.91% | -11.77% |
Current DrawdownCurrent decline from peak | 0.00% | -16.01% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -14.76% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 6.67% | -4.96% |
Volatility
CSCA.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) is 1.69%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that CSCA.L experiences smaller price fluctuations and is considered to be less risky 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
| CSCA.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 5.08% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 20.08% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 23.19% | -12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 16.30% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 15.78% | +1.22% |
CSCA.L vs. SGLN.L - Expense Ratio Comparison
CSCA.L has a 0.48% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
CSCA.L vs. SGLN.L - Dividend Comparison
Neither CSCA.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CSCA.L and SGLN.L have a correlation of 0.33, 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 CSCA.L.
CSCA.L is categorized as Canada Equities, while SGLN.L is Gold. CSCA.L tracks MSCI Canada Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.48% for CSCA.L and 0.12% for SGLN.L.
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