ENGY.L vs. SGLN.L
ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ENGY.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while SGLN.L is a Precious Metals fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ENGY.L returned 11.49%/yr vs 13.17%/yr for SGLN.L. At a 0.04 correlation, their price movements are largely independent.
Performance
ENGY.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
ENGY.L is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGY.L achieves a 36.00% return, which is significantly higher than SGLN.L's 4.16% return. Over the past 10 years, ENGY.L has underperformed SGLN.L with an annualized return of 11.49%, while SGLN.L has yielded a comparatively higher 13.17% annualized return.
ENGY.L
- 1D
- 1.97%
- 1M
- -0.86%
- YTD
- 36.00%
- 6M
- 32.37%
- 1Y
- 53.57%
- 3Y*
- 17.81%
- 5Y*
- 20.20%
- 10Y*
- 11.49%
SGLN.L
- 1D
- -1.19%
- 1M
- -2.98%
- YTD
- 4.16%
- 6M
- 5.48%
- 1Y
- 29.71%
- 3Y*
- 27.69%
- 5Y*
- 19.81%
- 10Y*
- 13.17%
ENGY.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENGY.L SPDR® MSCI Europe Energy UCITS ETF | 36.00% | 14.96% | -5.53% | 7.23% | 38.81% | 36.72% | -31.68% | 12.44% | -2.32% | 4.96% |
SGLN.L iShares Physical Gold ETC | 4.16% | 45.64% | 34.39% | 9.51% | 6.07% | 3.76% | 13.12% | 21.93% | 3.07% | -2.32% |
Correlation
The correlation between ENGY.L and SGLN.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.04 |
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Return for Risk
ENGY.L vs. SGLN.L — Risk / Return Rank
ENGY.L
SGLN.L
ENGY.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Energy UCITS ETF (ENGY.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.
| ENGY.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 1.75 | +2.80 |
| Martin ratioReturn relative to average drawdown | 14.59 | 4.51 | +10.08 |
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
| ENGY.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.28 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.21 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.88 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.57 | -0.15 |
Drawdowns
ENGY.L vs. SGLN.L - Drawdown Comparison
The maximum ENGY.L drawdown since its inception was -58.56%, which is greater than SGLN.L's maximum drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for ENGY.L and SGLN.L.
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Drawdown Indicators
| ENGY.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -37.02% | -21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -16.91% | +5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -26.50% | -16.91% | -9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -16.91% | -9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -58.56% | -18.37% | -40.19% |
Current DrawdownCurrent decline from peak | -5.46% | -15.88% | +10.42% |
Average DrawdownAverage peak-to-trough decline | -13.00% | -13.26% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 6.57% | -2.91% |
Volatility
ENGY.L vs. SGLN.L - Volatility Comparison
SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a higher volatility of 8.12% compared to iShares Physical Gold ETC (SGLN.L) at 5.01%. This indicates that ENGY.L's price experiences larger fluctuations and is considered to be riskier 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
| ENGY.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 5.01% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 20.20% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 23.20% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 16.40% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 14.94% | +15.08% |
Dividends
ENGY.L vs. SGLN.L - Dividend Comparison
Neither ENGY.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ENGY.L and SGLN.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENGY.L is categorized as Energy Equities, while SGLN.L is Precious Metals. ENGY.L tracks MSCI World/Energy NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: State Street and iShares.
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