DBAW vs. SGLN.L
DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - DBAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA US Dollar Hedged Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, DBAW returned 11.82%/yr vs 12.43%/yr for SGLN.L. At a 0.02 correlation, their price movements are largely independent. DBAW charges 0.41%/yr vs 0.12%/yr for SGLN.L.
Performance
DBAW vs. SGLN.L - Performance Comparison
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Different Trading Currencies
DBAW is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBAW achieves a 15.48% return, which is significantly higher than SGLN.L's -2.28% return. Over the past 10 years, DBAW has underperformed SGLN.L with an annualized return of 11.82%, while SGLN.L has yielded a comparatively higher 12.43% annualized return.
DBAW
- 1D
- 0.38%
- 1M
- 2.00%
- YTD
- 15.48%
- 6M
- 16.97%
- 1Y
- 35.54%
- 3Y*
- 20.40%
- 5Y*
- 11.16%
- 10Y*
- 11.82%
SGLN.L
- 1D
- 2.73%
- 1M
- -9.60%
- YTD
- -2.28%
- 6M
- -1.68%
- 1Y
- 23.26%
- 3Y*
- 29.22%
- 5Y*
- 17.40%
- 10Y*
- 12.43%
DBAW vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 15.48% | 26.47% | 14.35% | 16.26% | -13.35% | 13.08% | 7.44% | 22.96% | -10.38% | 18.79% |
SGLN.L iShares Physical Gold ETC | -2.28% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between DBAW and SGLN.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2014 | 0.02 |
Over the past year, DBAW and SGLN.L have become more correlated (0.28) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
DBAW vs. SGLN.L — Risk / Return Rank
DBAW
SGLN.L
DBAW vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) 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.
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.
| DBAW | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 1.04 | +2.76 |
| Martin ratioReturn relative to average drawdown | 15.48 | 3.17 | +12.31 |
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Drawdowns
DBAW vs. SGLN.L - Drawdown Comparison
The maximum DBAW drawdown since its inception was -31.44%, smaller than the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for DBAW and SGLN.L.
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Drawdown Indicators
| DBAW | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.44% | -56.74% | +25.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -22.81% | +13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -22.81% | +8.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -22.81% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -31.44% | -22.81% | -8.63% |
Current DrawdownCurrent decline from peak | -1.06% | -20.70% | +19.64% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -33.01% | +28.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 7.51% | -5.30% |
Volatility
DBAW vs. SGLN.L - Volatility Comparison
The current volatility for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is 5.87%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 7.17%. This indicates that DBAW 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
| DBAW | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 7.17% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 21.74% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 24.90% | -11.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 22.72% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 18.82% | -3.51% |
DBAW vs. SGLN.L - Expense Ratio Comparison
DBAW has a 0.41% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
DBAW vs. SGLN.L - Dividend Comparison
DBAW's dividend yield for the trailing twelve months is around 3.31%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 3.31% | 3.83% | 1.70% | 3.45% | 8.81% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBAW and SGLN.L have a correlation of 0.28, 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 0.41% for DBAW.
DBAW is categorized as Foreign Large Cap Equities, while SGLN.L is Gold. DBAW tracks MSCI ACWI ex USA US Dollar Hedged Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.41% for DBAW and 0.12% for SGLN.L.
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