CU31.L vs. SGLN.L
CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CU31.L returned 2.48%/yr vs 14.27%/yr for SGLN.L. At a 0.28 correlation, their price movements are largely independent. CU31.L charges 0.07%/yr vs 0.12%/yr for SGLN.L.
Performance
CU31.L vs. SGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CU31.L achieves a 0.66% return, which is significantly lower than SGLN.L's 3.89% return. Over the past 10 years, CU31.L has underperformed SGLN.L with an annualized return of 2.48%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
CU31.L
- 1D
- 0.11%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.30%
- 1Y
- 4.42%
- 3Y*
- 1.49%
- 5Y*
- 2.92%
- 10Y*
- 2.48%
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%
CU31.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.66% | -1.98% | 5.81% | -1.58% | 7.82% | 0.48% | -0.40% | 0.29% | 7.25% | -8.69% |
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 CU31.L and SGLN.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.28 |
The correlation between CU31.L and SGLN.L shifts across timeframes, from -0.12 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CU31.L vs. SGLN.L — Risk / Return Rank
CU31.L
SGLN.L
CU31.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.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.
| CU31.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.91 | -0.94 |
| Martin ratioReturn relative to average drawdown | 2.47 | 5.05 | -2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CU31.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.45 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.23 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.90 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.55 | -0.27 |
Drawdowns
CU31.L vs. SGLN.L - Drawdown Comparison
The maximum CU31.L drawdown since its inception was -18.80%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for CU31.L and SGLN.L.
Loading charts...
Drawdown Indicators
| CU31.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -41.71% | +22.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -17.57% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -8.91% | -17.57% | +8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -17.57% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | -21.91% | +3.11% |
Current DrawdownCurrent decline from peak | -7.61% | -16.01% | +8.40% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -14.76% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 6.67% | -4.89% |
Volatility
CU31.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) is 1.63%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that CU31.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.
Loading charts...
Volatility by Period
| CU31.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 5.08% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 20.08% | -15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 23.19% | -17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 16.30% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 15.78% | -6.59% |
CU31.L vs. SGLN.L - Expense Ratio Comparison
CU31.L has a 0.07% expense ratio, which is lower than SGLN.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
CU31.L vs. SGLN.L - Dividend Comparison
Neither CU31.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CU31.L and SGLN.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLN.L.
CU31.L is categorized as Government Bonds, while SGLN.L is Gold. CU31.L tracks ICE US Treasury 1-3 Year Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.07% for CU31.L and 0.12% for SGLN.L.
Find the right allocation for CU31.L and SGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer