FNCW.L vs. SGLN.L
Compare and contrast key facts about SPDR MSCI World Financials UCITS ETF (FNCW.L) and iShares Physical Gold ETC (SGLN.L).
FNCW.L and SGLN.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNCW.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Apr 29, 2016. SGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both FNCW.L and SGLN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNCW.L vs. SGLN.L - Performance Comparison
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FNCW.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNCW.L SPDR MSCI World Financials UCITS ETF | -4.69% | 20.39% | 28.76% | 9.92% | -0.09% |
SGLN.L iShares Physical Gold ETC | 10.13% | 53.66% | 28.20% | 7.24% | 2.51% |
Different Trading Currencies
FNCW.L is traded in GBP, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FNCW.L achieves a -4.69% return, which is significantly lower than SGLN.L's 10.13% return.
FNCW.L
- 1D
- -24.72%
- 1M
- -0.44%
- YTD
- -4.69%
- 6M
- 0.98%
- 1Y
- 11.05%
- 3Y*
- 19.32%
- 5Y*
- —
- 10Y*
- —
SGLN.L
- 1D
- -1.71%
- 1M
- -8.27%
- YTD
- 10.13%
- 6M
- 23.48%
- 1Y
- 46.08%
- 3Y*
- 29.85%
- 5Y*
- 23.05%
- 10Y*
- 15.05%
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FNCW.L vs. SGLN.L - Expense Ratio Comparison
Return for Risk
FNCW.L vs. SGLN.L — Risk / Return Rank
FNCW.L
SGLN.L
FNCW.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Financials UCITS ETF (FNCW.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.
| FNCW.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 1.87 | -1.63 |
Sortino ratioReturn per unit of downside risk | 0.75 | 2.32 | -1.58 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.77 | -2.11 |
Martin ratioReturn relative to average drawdown | 5.14 | 11.27 | -6.14 |
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
| FNCW.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.87 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.58 | -0.09 |
Correlation
The correlation between FNCW.L and SGLN.L is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FNCW.L vs. SGLN.L - Dividend Comparison
Neither FNCW.L nor SGLN.L has paid dividends to shareholders.
Drawdowns
FNCW.L vs. SGLN.L - Drawdown Comparison
The maximum FNCW.L drawdown since its inception was -24.72%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for FNCW.L and SGLN.L.
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Drawdown Indicators
| FNCW.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -41.71% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.72% | -17.57% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -24.72% | -10.96% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -14.78% | +10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.32% | -1.14% |
Volatility
FNCW.L vs. SGLN.L - Volatility Comparison
SPDR MSCI World Financials UCITS ETF (FNCW.L) has a higher volatility of 42.70% compared to iShares Physical Gold ETC (SGLN.L) at 11.73%. This indicates that FNCW.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
| FNCW.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.70% | 11.73% | +30.97% |
Volatility (6M)Calculated over the trailing 6-month period | 42.65% | 21.29% | +21.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.74% | 24.55% | +21.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.27% | 16.16% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 15.76% | +10.51% |