EMV.L vs. SGLN.L
EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - EMV.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, EMV.L returned 7.24%/yr vs 14.27%/yr for SGLN.L. At a 0.17 correlation, their price movements are largely independent. EMV.L charges 0.40%/yr vs 0.12%/yr for SGLN.L.
Performance
EMV.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMV.L achieves a 17.59% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, EMV.L has underperformed SGLN.L with an annualized return of 7.24%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
EMV.L
- 1D
- -1.01%
- 1M
- 5.53%
- YTD
- 17.59%
- 6M
- 17.45%
- 1Y
- 26.13%
- 3Y*
- 11.29%
- 5Y*
- 6.63%
- 10Y*
- 7.24%
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%
EMV.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF | 17.59% | 5.04% | 10.84% | 1.45% | -4.20% | 5.93% | 4.08% | 3.48% | -0.20% | 15.47% |
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 EMV.L and SGLN.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012 | 0.17 |
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Return for Risk
EMV.L vs. SGLN.L — Risk / Return Rank
EMV.L
SGLN.L
EMV.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.
| EMV.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 1.91 | +1.37 |
| Martin ratioReturn relative to average drawdown | 11.15 | 5.05 | +6.10 |
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
| EMV.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.45 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.23 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.90 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.55 | -0.14 |
Drawdowns
EMV.L vs. SGLN.L - Drawdown Comparison
The maximum EMV.L drawdown since its inception was -28.68%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for EMV.L and SGLN.L.
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Drawdown Indicators
| EMV.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -41.71% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -17.57% | +9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -17.57% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | -17.57% | +6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -21.91% | -0.68% |
Current DrawdownCurrent decline from peak | -1.54% | -16.01% | +14.47% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -14.76% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 6.67% | -4.33% |
Volatility
EMV.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) is 4.60%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that EMV.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.
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Volatility by Period
| EMV.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 5.08% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 20.08% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 23.19% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 16.30% | -5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 15.78% | -2.50% |
EMV.L vs. SGLN.L - Expense Ratio Comparison
EMV.L has a 0.40% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
EMV.L vs. SGLN.L - Dividend Comparison
Neither EMV.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
EMV.L and SGLN.L have a correlation of 0.17, 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 0.40% for EMV.L.
EMV.L is categorized as Emerging Markets Equities, while SGLN.L is Gold. EMV.L tracks MSCI EM NR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.40% for EMV.L and 0.12% for SGLN.L.
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