FLOS.L vs. SGLN.L
FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - FLOS.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, FLOS.L returned 4.01%/yr vs 17.81%/yr for SGLN.L. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.12% expense ratio.
Performance
FLOS.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLOS.L achieves a 2.36% return, which is significantly higher than SGLN.L's -6.40% return.
FLOS.L
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
SGLN.L
- 1D
- -1.61%
- 1M
- -7.43%
- 6M
- -12.76%
- YTD
- -6.40%
- 1Y
- 20.55%
- 3Y*
- 26.03%
- 5Y*
- 17.81%
- 10Y*
- 11.37%
FLOS.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.36% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.45% | 0.28% |
SGLN.L iShares Physical Gold ETC | -6.40% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | -5.32% |
Correlation
The correlation between FLOS.L and SGLN.L is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | -0.05 |
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Return for Risk
FLOS.L vs. SGLN.L — Risk / Return Rank
FLOS.L
SGLN.L
FLOS.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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.
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.
| FLOS.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.41 | ||
| Sortino ratioReturn per unit of downside risk | +6.37 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.17 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 15.76 | 0.84 | +14.92 |
| Martin ratioReturn relative to average drawdown | 79.94 | 2.08 | +77.86 |
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Drawdowns
FLOS.L vs. SGLN.L - Drawdown Comparison
The maximum FLOS.L drawdown since its inception was -14.78%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for FLOS.L and SGLN.L.
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Drawdown Indicators
| FLOS.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -53.23% | +38.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -24.33% | +24.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -24.33% | +22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -2.13% | -24.33% | +22.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.33% | — |
Current DrawdownCurrent decline from peak | -0.09% | -24.33% | +24.24% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -24.68% | +24.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 9.87% | -9.81% |
Volatility
FLOS.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) is 0.22%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.72%. This indicates that FLOS.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
| FLOS.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 6.72% | -6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 21.25% | -20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 24.49% | -23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 22.01% | -20.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 18.34% | -14.98% |
FLOS.L vs. SGLN.L - Expense Ratio Comparison
Both FLOS.L and SGLN.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
FLOS.L vs. SGLN.L - Dividend Comparison
FLOS.L's dividend yield for the trailing twelve months is around 4.68%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOS.L and SGLN.L have a correlation of -0.09, 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.
FLOS.L and SGLN.L have the same expense ratio: 0.12% per year.
FLOS.L is categorized as Ultrashort Bond, while SGLN.L is Gold. FLOS.L tracks iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), while SGLN.L tracks LBMA Gold Price.
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