ESPB.L vs. SGLP.L
ESPB.L (Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - ESPB.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, ESPB.L returned 21.75%/yr vs 27.94%/yr for SGLP.L. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.12% expense ratio.
Performance
ESPB.L vs. SGLP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESPB.L achieves a 11.62% return, which is significantly higher than SGLP.L's 3.24% return.
ESPB.L
- 1D
- -0.25%
- 1M
- 5.65%
- YTD
- 11.62%
- 6M
- 12.17%
- 1Y
- 27.57%
- 3Y*
- 21.75%
- 5Y*
- —
- 10Y*
- —
SGLP.L
- 1D
- -1.17%
- 1M
- -2.86%
- YTD
- 3.24%
- 6M
- 4.38%
- 1Y
- 33.15%
- 3Y*
- 27.94%
- 5Y*
- 19.70%
- 10Y*
- 14.29%
ESPB.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESPB.L Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc | 11.62% | 14.17% | 26.87% | 24.58% | -14.72% |
SGLP.L Invesco Physical Gold A | 3.24% | 53.60% | 28.14% | 7.26% | 13.52% |
Correlation
The correlation between ESPB.L and SGLP.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | -0.06 |
The correlation between ESPB.L and SGLP.L shifts across timeframes, from -0.06 (all time) to 0.16 (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
ESPB.L vs. SGLP.L — Risk / Return Rank
ESPB.L
SGLP.L
ESPB.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc (ESPB.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.
| ESPB.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.29 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.84 | +1.10 |
| Martin ratioReturn relative to average drawdown | 12.70 | 5.03 | +7.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ESPB.L | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.43 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.53 | +0.43 |
Drawdowns
ESPB.L vs. SGLP.L - Drawdown Comparison
The maximum ESPB.L drawdown since its inception was -24.51%, smaller than the maximum SGLP.L drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for ESPB.L and SGLP.L.
Loading charts...
Drawdown Indicators
| ESPB.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.51% | -38.83% | +14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -17.89% | +8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -17.89% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -0.25% | -16.55% | +16.30% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -13.37% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 6.58% | -4.41% |
Volatility
ESPB.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc (ESPB.L) is 3.46%, while Invesco Physical Gold A (SGLP.L) has a volatility of 5.09%. This indicates that ESPB.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESPB.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 5.09% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 19.90% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 23.02% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 16.11% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 15.72% | +4.01% |
ESPB.L vs. SGLP.L - Expense Ratio Comparison
Both ESPB.L and SGLP.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ESPB.L vs. SGLP.L - Dividend Comparison
Neither ESPB.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
ESPB.L and SGLP.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESPB.L and SGLP.L have the same expense ratio: 0.12% per year.
ESPB.L is categorized as Large Cap Blend Equities, while SGLP.L is Precious Metals. ESPB.L tracks Russell 1000 TR USD, while SGLP.L tracks Gold.
Find the right allocation for ESPB.L and SGLP.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