ESGJ.L vs. SGLP.L
ESGJ.L (Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - ESGJ.L is a Japan Equities fund tracking the Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF, while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, ESGJ.L returned 9.49%/yr vs 17.42%/yr for SGLP.L. At a 0.22 correlation, their price movements are largely independent. ESGJ.L charges 0.19%/yr vs 0.12%/yr for SGLP.L.
Performance
ESGJ.L vs. SGLP.L - Performance Comparison
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Different Trading Currencies
ESGJ.L is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGJ.L achieves a 17.08% return, which is significantly higher than SGLP.L's -5.78% return.
ESGJ.L
- 1D
- 1.13%
- 1M
- 0.75%
- 6M
- 10.77%
- YTD
- 17.08%
- 1Y
- 37.54%
- 3Y*
- 19.65%
- 5Y*
- 9.49%
- 10Y*
- —
SGLP.L
- 1D
- -0.48%
- 1M
- -6.63%
- 6M
- -12.10%
- YTD
- -5.78%
- 1Y
- 21.95%
- 3Y*
- 27.42%
- 5Y*
- 17.42%
- 10Y*
- 11.66%
ESGJ.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGJ.L Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF | 17.08% | 27.11% | 8.02% | 19.45% | -17.71% | -1.77% |
SGLP.L Invesco Physical Gold A | -5.78% | 65.19% | 26.00% | 12.92% | -0.12% | -4.80% |
Correlation
The correlation between ESGJ.L and SGLP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021 | 0.22 |
The correlation between ESGJ.L and SGLP.L shifts across timeframes, from 0.22 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESGJ.L vs. SGLP.L — Risk / Return Rank
ESGJ.L
SGLP.L
ESGJ.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF (ESGJ.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.
| ESGJ.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 0.89 | +1.96 |
| Martin ratioReturn relative to average drawdown | 9.02 | 2.17 | +6.85 |
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Drawdowns
ESGJ.L vs. SGLP.L - Drawdown Comparison
The maximum ESGJ.L drawdown since its inception was -33.20%, smaller than the maximum SGLP.L drawdown of -66.38%. Use the drawdown chart below to compare losses from any high point for ESGJ.L and SGLP.L.
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Drawdown Indicators
| ESGJ.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -66.38% | +33.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -24.56% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -24.56% | +9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.20% | -24.56% | -8.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.56% | — |
Current DrawdownCurrent decline from peak | -2.30% | -23.56% | +21.26% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -39.67% | +30.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 10.07% | -6.05% |
Volatility
ESGJ.L vs. SGLP.L - Volatility Comparison
Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF (ESGJ.L) and Invesco Physical Gold A (SGLP.L) have volatilities of 6.67% and 6.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGJ.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 6.96% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 21.96% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 25.49% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 22.80% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 18.84% | -0.41% |
ESGJ.L vs. SGLP.L - Expense Ratio Comparison
ESGJ.L has a 0.19% expense ratio, which is higher than SGLP.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESGJ.L vs. SGLP.L - Dividend Comparison
Neither ESGJ.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
ESGJ.L and SGLP.L have a correlation of 0.35, 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 0.19% for ESGJ.L.
ESGJ.L is categorized as Japan Equities, while SGLP.L is Gold. ESGJ.L tracks Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF, while SGLP.L tracks Gold. Their fees differ too: 0.19% for ESGJ.L and 0.12% for SGLP.L.
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