DH2O.L vs. SGLN.L
DH2O.L (iShares Global Water UCITS ETF USD (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - DH2O.L is a Global Equities fund tracking the S&P Global Water Index (NET) (USD), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, DH2O.L returned 9.56%/yr vs 11.67%/yr for SGLN.L. At a 0.11 correlation, their price movements are largely independent. DH2O.L charges 0.65%/yr vs 0.12%/yr for SGLN.L.
Performance
DH2O.L vs. SGLN.L - Performance Comparison
Loading charts...
Different Trading Currencies
DH2O.L 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, DH2O.L achieves a 2.64% return, which is significantly higher than SGLN.L's -5.86% return. Over the past 10 years, DH2O.L has underperformed SGLN.L with an annualized return of 9.56%, while SGLN.L has yielded a comparatively higher 11.67% annualized return.
DH2O.L
- 1D
- -0.07%
- 1M
- 2.85%
- 6M
- 0.83%
- YTD
- 2.64%
- 1Y
- 6.10%
- 3Y*
- 8.88%
- 5Y*
- 4.80%
- 10Y*
- 9.56%
SGLN.L
- 1D
- -0.48%
- 1M
- -6.59%
- 6M
- -12.14%
- YTD
- -5.86%
- 1Y
- 21.94%
- 3Y*
- 27.43%
- 5Y*
- 17.42%
- 10Y*
- 11.67%
DH2O.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 2.64% | 17.60% | 4.29% | 13.57% | -20.83% | 30.67% | 15.22% | 33.60% | -10.59% | 27.00% |
SGLN.L iShares Physical Gold ETC | -5.86% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between DH2O.L and SGLN.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.11 |
The correlation between DH2O.L and SGLN.L shifts across timeframes, from 0.11 (all time) to 0.25 (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
DH2O.L vs. SGLN.L — Risk / Return Rank
DH2O.L
SGLN.L
DH2O.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF USD (Dist) (DH2O.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.
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.
| DH2O.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.89 | -0.23 |
| Martin ratioReturn relative to average drawdown | 1.53 | 2.17 | -0.64 |
Loading charts...
Drawdowns
DH2O.L vs. SGLN.L - Drawdown Comparison
The maximum DH2O.L drawdown since its inception was -56.90%, roughly equal to the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for DH2O.L and SGLN.L.
Loading charts...
Drawdown Indicators
| DH2O.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -56.74% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -24.59% | +14.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -24.59% | +8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -24.59% | -7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | -24.59% | -10.97% |
Current DrawdownCurrent decline from peak | -5.23% | -23.60% | +18.37% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -32.94% | +22.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 10.09% | -5.51% |
Volatility
DH2O.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF USD (Dist) (DH2O.L) is 4.04%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.98%. This indicates that DH2O.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
| DH2O.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 6.98% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 22.13% | -11.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 25.64% | -12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 22.88% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 18.87% | -2.39% |
DH2O.L vs. SGLN.L - Expense Ratio Comparison
DH2O.L has a 0.65% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
DH2O.L vs. SGLN.L - Dividend Comparison
DH2O.L's dividend yield for the trailing twelve months is around 1.36%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 1.36% | 1.33% | 1.06% | 1.18% | 1.09% | 1.66% | 0.94% | 1.39% | 1.80% | 1.46% | 1.76% | 1.65% |
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
DH2O.L and SGLN.L have a correlation of 0.25, 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 0.65% for DH2O.L.
DH2O.L is categorized as Global Equities, while SGLN.L is Gold. DH2O.L tracks S&P Global Water Index (NET) (USD), while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.65% for DH2O.L and 0.12% for SGLN.L.
Find the right allocation for DH2O.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