HYSD.L vs. SGLN.L
HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - HYSD.L is a High Yield Bonds fund tracking the iShares Broad $ High Yield Corp Bond UCITS ETF, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, HYSD.L returned 8.23%/yr vs 26.03%/yr for SGLN.L. At a 0.04 correlation, their price movements are largely independent.
Performance
HYSD.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
HYSD.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, HYSD.L achieves a 2.22% return, which is significantly higher than SGLN.L's -6.40% return.
HYSD.L
- 1D
- 0.36%
- 1M
- 0.36%
- 6M
- 1.62%
- YTD
- 2.22%
- 1Y
- 6.13%
- 3Y*
- 8.23%
- 5Y*
- —
- 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%
HYSD.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 2.22% | 8.24% | 7.60% | 11.75% | -3.60% |
SGLN.L iShares Physical Gold ETC | -6.40% | 53.66% | 28.20% | 7.24% | 3.66% |
Correlation
The correlation between HYSD.L and SGLN.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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.04 |
Over the past year, HYSD.L and SGLN.L have become more correlated (0.26) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
HYSD.L vs. SGLN.L — Risk / Return Rank
HYSD.L
SGLN.L
HYSD.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.
| HYSD.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 0.84 | +1.68 |
| Martin ratioReturn relative to average drawdown | 11.10 | 2.08 | +9.02 |
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Drawdowns
HYSD.L vs. SGLN.L - Drawdown Comparison
The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for HYSD.L and SGLN.L.
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Drawdown Indicators
| HYSD.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.53% | -53.23% | +43.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -24.33% | +21.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -24.33% | +19.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.33% | — |
Current DrawdownCurrent decline from peak | 0.00% | -24.33% | +24.33% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -24.68% | +23.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 9.87% | -9.32% |
Volatility
HYSD.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) is 0.97%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.72%. This indicates that HYSD.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
| HYSD.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 6.72% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 21.25% | -18.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 24.49% | -20.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 22.01% | -15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 18.34% | -12.25% |
Dividends
HYSD.L vs. SGLN.L - Dividend Comparison
HYSD.L's dividend yield for the trailing twelve months is around 11.04%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 11.04% | 7.39% | 7.39% | 5.61% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYSD.L and SGLN.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.
HYSD.L is categorized as High Yield Bonds, while SGLN.L is Gold. HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF, while SGLN.L tracks LBMA Gold Price.
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