ESJS.L vs. SGLS.L
ESJS.L (Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc) and SGLS.L (Invesco Physical Gold GBP Hedged ETC) are both exchange-traded funds - ESJS.L is a Japan Equities fund tracking the TOPIX TR JPY, while SGLS.L is a Gold fund tracking the Gold (GBP Hedged). Both are passively managed. Over the past 5 years, ESJS.L returned 9.73%/yr vs 15.57%/yr for SGLS.L. At a 0.10 correlation, their price movements are largely independent. ESJS.L charges 0.19%/yr vs 0.34%/yr for SGLS.L.
Performance
ESJS.L vs. SGLS.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESJS.L achieves a 14.30% return, which is significantly higher than SGLS.L's -7.78% return.
ESJS.L
- 1D
- -0.97%
- 1M
- -3.72%
- 6M
- 7.59%
- YTD
- 14.30%
- 1Y
- 32.76%
- 3Y*
- 16.70%
- 5Y*
- 9.73%
- 10Y*
- —
SGLS.L
- 1D
- -0.10%
- 1M
- -8.08%
- 6M
- -13.47%
- YTD
- -7.78%
- 1Y
- 18.47%
- 3Y*
- 24.99%
- 5Y*
- 15.57%
- 10Y*
- —
ESJS.L vs. SGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESJS.L Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc | 14.30% | 18.47% | 9.64% | 12.97% | -7.90% | -27.12% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | -7.78% | 63.32% | 25.10% | 11.48% | -1.79% | -6.13% |
Correlation
The correlation between ESJS.L and SGLS.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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021 | 0.10 |
The correlation between ESJS.L and SGLS.L shifts across timeframes, from 0.10 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESJS.L vs. SGLS.L — Risk / Return Rank
ESJS.L
SGLS.L
ESJS.L vs. SGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.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.
| ESJS.L | SGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 0.74 | +2.47 |
| Martin ratioReturn relative to average drawdown | 9.71 | 1.78 | +7.94 |
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Drawdowns
ESJS.L vs. SGLS.L - Drawdown Comparison
The maximum ESJS.L drawdown since its inception was -37.23%, which is greater than SGLS.L's maximum drawdown of -24.80%. Use the drawdown chart below to compare losses from any high point for ESJS.L and SGLS.L.
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Drawdown Indicators
| ESJS.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -24.80% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -24.80% | +14.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -24.80% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -24.80% | +5.42% |
Current DrawdownCurrent decline from peak | -6.10% | -24.80% | +18.70% |
Average DrawdownAverage peak-to-trough decline | -21.66% | -8.96% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 10.38% | -6.86% |
Volatility
ESJS.L vs. SGLS.L - Volatility Comparison
Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L) have volatilities of 6.75% and 6.91%, 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
| ESJS.L | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 6.91% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 22.86% | -6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 26.25% | -6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 17.60% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 17.47% | +2.53% |
ESJS.L vs. SGLS.L - Expense Ratio Comparison
ESJS.L has a 0.19% expense ratio, which is lower than SGLS.L's 0.34% expense ratio.
Dividends
ESJS.L vs. SGLS.L - Dividend Comparison
Neither ESJS.L nor SGLS.L has paid dividends to shareholders.
Frequently Asked Questions
ESJS.L and SGLS.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, ESJS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESJS.L is cheaper with a 0.19% expense ratio, compared with 0.34% for SGLS.L.
ESJS.L is categorized as Japan Equities, while SGLS.L is Gold. ESJS.L tracks TOPIX TR JPY, while SGLS.L tracks Gold (GBP Hedged). Their fees differ too: 0.19% for ESJS.L and 0.34% for SGLS.L.
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