CSSX5E.MI vs. SGLP.L
CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - CSSX5E.MI is a Europe Equities fund tracking the EURO STOXX® 50, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, CSSX5E.MI returned 10.41%/yr vs 13.16%/yr for SGLP.L. At a correlation of -0.05, they often move in opposite directions. CSSX5E.MI charges 0.10%/yr vs 0.12%/yr for SGLP.L.
Performance
CSSX5E.MI vs. SGLP.L - Performance Comparison
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Different Trading Currencies
CSSX5E.MI 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
In the year-to-date period, CSSX5E.MI achieves a 6.16% return, which is significantly higher than SGLP.L's 4.23% return. Over the past 10 years, CSSX5E.MI has underperformed SGLP.L with an annualized return of 10.41%, while SGLP.L has yielded a comparatively higher 13.16% annualized return.
CSSX5E.MI
- 1D
- -0.78%
- 1M
- 6.04%
- YTD
- 6.16%
- 6M
- 8.28%
- 1Y
- 15.57%
- 3Y*
- 15.01%
- 5Y*
- 11.33%
- 10Y*
- 10.41%
SGLP.L
- 1D
- -1.22%
- 1M
- -2.94%
- YTD
- 4.23%
- 6M
- 5.52%
- 1Y
- 29.63%
- 3Y*
- 27.72%
- 5Y*
- 19.56%
- 10Y*
- 13.16%
CSSX5E.MI vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 6.16% | 23.04% | 10.93% | 22.79% | -9.22% | 23.62% | -2.24% | 29.02% | -11.96% | 9.95% |
SGLP.L Invesco Physical Gold A | 4.23% | 45.59% | 34.32% | 9.54% | 6.07% | 3.44% | 13.47% | 21.94% | 3.02% | -2.36% |
Correlation
The correlation between CSSX5E.MI and SGLP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | -0.05 |
The correlation between CSSX5E.MI and SGLP.L shifts across timeframes, from -0.07 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSSX5E.MI vs. SGLP.L — Risk / Return Rank
CSSX5E.MI
SGLP.L
CSSX5E.MI vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) 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.
| CSSX5E.MI | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.71 | -0.27 |
| Martin ratioReturn relative to average drawdown | 4.84 | 4.51 | +0.33 |
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
| CSSX5E.MI | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.28 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.20 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.89 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.54 | -0.12 |
Drawdowns
CSSX5E.MI vs. SGLP.L - Drawdown Comparison
The maximum CSSX5E.MI drawdown since its inception was -38.50%, roughly equal to the maximum SGLP.L drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for CSSX5E.MI and SGLP.L.
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Drawdown Indicators
| CSSX5E.MI | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -37.06% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -17.24% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -17.24% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -17.24% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -18.41% | -20.09% |
Current DrawdownCurrent decline from peak | -1.24% | -15.84% | +14.60% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -13.74% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 6.55% | -3.34% |
Volatility
CSSX5E.MI vs. SGLP.L - Volatility Comparison
iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) has a higher volatility of 5.55% compared to Invesco Physical Gold A (SGLP.L) at 5.02%. This indicates that CSSX5E.MI's price experiences larger fluctuations and is considered to be riskier 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
| CSSX5E.MI | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 5.02% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 20.04% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 23.05% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 16.26% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 14.81% | +3.51% |
CSSX5E.MI vs. SGLP.L - Expense Ratio Comparison
CSSX5E.MI has a 0.10% expense ratio, which is lower than SGLP.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSSX5E.MI vs. SGLP.L - Dividend Comparison
Neither CSSX5E.MI nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
CSSX5E.MI and SGLP.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLP.L.
CSSX5E.MI is categorized as Europe Equities, while SGLP.L is Precious Metals. CSSX5E.MI tracks EURO STOXX® 50, while SGLP.L tracks Gold. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for CSSX5E.MI and 0.12% for SGLP.L.
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