G500.L vs. SGLP.L
G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - G500.L is a Global Equities fund tracking the Invesco S&P 500 UCITS ETF (GBP Hdg), while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, G500.L returned 12.15%/yr vs 17.81%/yr for SGLP.L. At a correlation of -0.05, they often move in opposite directions. G500.L charges 0.05%/yr vs 0.12%/yr for SGLP.L.
Performance
G500.L vs. SGLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, G500.L achieves a 9.90% return, which is significantly higher than SGLP.L's -6.33% return.
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SGLP.L
- 1D
- -1.60%
- 1M
- -7.47%
- 6M
- -12.71%
- YTD
- -6.33%
- 1Y
- 20.56%
- 3Y*
- 26.02%
- 5Y*
- 17.81%
- 10Y*
- 11.36%
G500.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
SGLP.L Invesco Physical Gold A | -6.33% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | -3.96% |
Correlation
The correlation between G500.L and SGLP.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | -0.05 |
The correlation between G500.L and SGLP.L shifts across timeframes, from -0.06 (5 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
G500.L vs. SGLP.L — Risk / Return Rank
G500.L
SGLP.L
G500.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
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.
| G500.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 0.84 | +1.81 |
| Martin ratioReturn relative to average drawdown | 10.68 | 2.08 | +8.60 |
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Drawdowns
G500.L vs. SGLP.L - Drawdown Comparison
The maximum G500.L drawdown since its inception was -25.20%, smaller than the maximum SGLP.L drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for G500.L and SGLP.L.
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Drawdown Indicators
| G500.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.20% | -63.75% | +38.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -24.29% | +16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -24.29% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -24.29% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.29% | — |
Current DrawdownCurrent decline from peak | -0.66% | -24.29% | +23.63% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -31.67% | +26.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 9.84% | -7.80% |
Volatility
G500.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) is 2.79%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.71%. This indicates that G500.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.
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Volatility by Period
| G500.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 6.71% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 21.07% | -11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 24.32% | -12.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 21.89% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 18.29% | -2.42% |
G500.L vs. SGLP.L - Expense Ratio Comparison
G500.L has a 0.05% expense ratio, which is lower than SGLP.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
G500.L vs. SGLP.L - Dividend Comparison
Neither G500.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
G500.L and SGLP.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.12% for SGLP.L.
G500.L is categorized as Global Equities, while SGLP.L is Gold. G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while SGLP.L tracks Gold. Their fees differ too: 0.05% for G500.L and 0.12% for SGLP.L.
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