CUS1.L vs. SGLP.L
CUS1.L (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - CUS1.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 10 years, CUS1.L returned 10.62%/yr vs 11.36%/yr for SGLP.L. At a 0.05 correlation, their price movements are largely independent. CUS1.L charges 0.43%/yr vs 0.12%/yr for SGLP.L.
Performance
CUS1.L vs. SGLP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CUS1.L achieves a 16.61% return, which is significantly higher than SGLP.L's -6.33% return. Over the past 10 years, CUS1.L has underperformed SGLP.L with an annualized return of 10.62%, while SGLP.L has yielded a comparatively higher 11.36% annualized return.
CUS1.L
- 1D
- -0.83%
- 1M
- -1.64%
- 6M
- 11.36%
- YTD
- 16.61%
- 1Y
- 28.75%
- 3Y*
- 13.43%
- 5Y*
- 8.04%
- 10Y*
- 10.62%
SGLP.L
- 1D
- -1.60%
- 1M
- -7.47%
- 6M
- -12.71%
- YTD
- -6.33%
- 1Y
- 20.56%
- 3Y*
- 26.02%
- 5Y*
- 17.81%
- 10Y*
- 11.36%
CUS1.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUS1.L iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 16.61% | 2.68% | 11.54% | 11.30% | -7.26% | 19.95% | 14.64% | 22.34% | -6.43% | 6.42% |
SGLP.L Invesco Physical Gold A | -6.33% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Correlation
The correlation between CUS1.L and SGLP.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.05 |
The correlation between CUS1.L and SGLP.L shifts across timeframes, from 0.02 (5 years) to 0.22 (1 year), 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
CUS1.L vs. SGLP.L — Risk / Return Rank
CUS1.L
SGLP.L
CUS1.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (CUS1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUS1.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 0.84 | +3.60 |
| Martin ratioReturn relative to average drawdown | 13.18 | 2.08 | +11.09 |
Loading charts...
Drawdowns
CUS1.L vs. SGLP.L - Drawdown Comparison
The maximum CUS1.L drawdown since its inception was -35.26%, smaller than the maximum SGLP.L drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for CUS1.L and SGLP.L.
Loading charts...
Drawdown Indicators
| CUS1.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.26% | -63.75% | +28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -24.29% | +17.85% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -24.29% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.89% | -24.29% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | -24.29% | -10.97% |
Current DrawdownCurrent decline from peak | -4.61% | -24.29% | +19.68% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -31.67% | +25.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 9.84% | -7.66% |
Volatility
CUS1.L vs. SGLP.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (CUS1.L) is 4.97%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.71%. This indicates that CUS1.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.
Loading charts...
Volatility by Period
| CUS1.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 6.71% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 21.07% | -10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 24.32% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 21.89% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 18.29% | +3.21% |
CUS1.L vs. SGLP.L - Expense Ratio Comparison
CUS1.L has a 0.43% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Dividends
CUS1.L vs. SGLP.L - Dividend Comparison
Neither CUS1.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
CUS1.L and SGLP.L have a correlation of 0.22, 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 0.43% for CUS1.L.
CUS1.L is categorized as Small Cap Blend Equities, while SGLP.L is Gold. CUS1.L tracks Russell 2000 TR USD, while SGLP.L tracks Gold. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.43% for CUS1.L and 0.12% for SGLP.L.
Find the right allocation for CUS1.L and SGLP.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