FXC.L vs. SGLN.L
FXC.L (iShares China Large Cap UCITS) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - FXC.L is a China Equities fund tracking the MSCI China NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, FXC.L returned 4.68%/yr vs 14.29%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. FXC.L charges 0.74%/yr vs 0.12%/yr for SGLN.L.
Performance
FXC.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, FXC.L achieves a -6.72% return, which is significantly lower than SGLN.L's 3.17% return. Over the past 10 years, FXC.L has underperformed SGLN.L with an annualized return of 4.68%, while SGLN.L has yielded a comparatively higher 14.29% annualized return.
FXC.L
- 1D
- -2.40%
- 1M
- -1.78%
- YTD
- -6.72%
- 6M
- -8.20%
- 1Y
- 3.46%
- 3Y*
- 9.76%
- 5Y*
- -1.37%
- 10Y*
- 4.68%
SGLN.L
- 1D
- -1.14%
- 1M
- -2.89%
- YTD
- 3.17%
- 6M
- 4.34%
- 1Y
- 33.24%
- 3Y*
- 27.91%
- 5Y*
- 19.95%
- 10Y*
- 14.29%
FXC.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | -6.72% | 20.50% | 33.78% | -17.86% | -10.68% | -18.89% | 7.61% | 10.16% | -6.21% | 24.12% |
SGLN.L iShares Physical Gold ETC | 3.17% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between FXC.L and SGLN.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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.07 |
The correlation between FXC.L and SGLN.L shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FXC.L vs. SGLN.L — Risk / Return Rank
FXC.L
SGLN.L
FXC.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (FXC.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.
| FXC.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.88 | -1.66 |
| Martin ratioReturn relative to average drawdown | 0.48 | 5.03 | -4.55 |
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
| FXC.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.43 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 1.22 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.90 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.55 | -0.24 |
Drawdowns
FXC.L vs. SGLN.L - Drawdown Comparison
The maximum FXC.L drawdown since its inception was -60.51%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for FXC.L and SGLN.L.
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Drawdown Indicators
| FXC.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -41.71% | -18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.54% | -17.57% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -27.53% | -17.57% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -46.74% | -17.57% | -29.17% |
Max Drawdown (10Y)Largest decline over 10 years | -53.90% | -21.91% | -31.99% |
Current DrawdownCurrent decline from peak | -21.71% | -16.59% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -18.76% | -14.76% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 6.60% | +0.60% |
Volatility
FXC.L vs. SGLN.L - Volatility Comparison
iShares China Large Cap UCITS (FXC.L) has a higher volatility of 6.71% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that FXC.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
| FXC.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 5.08% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 20.07% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 23.19% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.14% | 16.29% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 15.78% | +9.17% |
FXC.L vs. SGLN.L - Expense Ratio Comparison
FXC.L has a 0.74% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
FXC.L vs. SGLN.L - Dividend Comparison
FXC.L's dividend yield for the trailing twelve months is around 2.58%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | 2.58% | 2.37% | 2.99% | 3.10% | 2.85% | 2.51% | 3.26% | 3.22% | 3.89% | 3.18% | 3.04% | 4.00% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXC.L and SGLN.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, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.74% for FXC.L.
FXC.L is categorized as China Equities, while SGLN.L is Gold. FXC.L tracks MSCI China NR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.74% for FXC.L and 0.12% for SGLN.L.
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