I500.L vs. SGLN.L
I500.L (iShares S&P 500 Swap UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - I500.L is a S&P 500 fund tracking the S&P 500 Net Dividends Reinvested Index (Net USD), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, I500.L returned 15.15%/yr vs 20.12%/yr for SGLN.L. At a 0.02 correlation, their price movements are largely independent. I500.L charges 0.07%/yr vs 0.12%/yr for SGLN.L.
Performance
I500.L vs. SGLN.L - Performance Comparison
Loading charts...
Different Trading Currencies
I500.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, I500.L achieves a 10.61% return, which is significantly higher than SGLN.L's 3.89% return.
I500.L
- 1D
- 0.05%
- 1M
- 4.55%
- YTD
- 10.61%
- 6M
- 9.88%
- 1Y
- 29.25%
- 3Y*
- 19.22%
- 5Y*
- 15.15%
- 10Y*
- —
SGLN.L
- 1D
- 0.70%
- 1M
- -3.53%
- YTD
- 3.89%
- 6M
- 5.21%
- 1Y
- 34.65%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
I500.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
I500.L iShares S&P 500 Swap UCITS ETF | 10.61% | 9.56% | 27.57% | 20.04% | -8.74% | 31.23% | 5.72% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | -5.30% |
Correlation
The correlation between I500.L and SGLN.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.02 |
The correlation between I500.L and SGLN.L shifts across timeframes, from 0.01 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
I500.L vs. SGLN.L — Risk / Return Rank
I500.L
SGLN.L
I500.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Swap UCITS ETF (I500.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.
| I500.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.91 | +2.21 |
| Martin ratioReturn relative to average drawdown | 15.23 | 5.05 | +10.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| I500.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.45 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.23 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.55 | +0.59 |
Drawdowns
I500.L vs. SGLN.L - Drawdown Comparison
The maximum I500.L drawdown since its inception was -20.75%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for I500.L and SGLN.L.
Loading charts...
Drawdown Indicators
| I500.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.75% | -41.71% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -17.57% | +10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -20.75% | -17.57% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -17.57% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -0.23% | -16.01% | +15.78% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -14.76% | +11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 6.67% | -4.75% |
Volatility
I500.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares S&P 500 Swap UCITS ETF (I500.L) is 2.59%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that I500.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.
Loading charts...
Volatility by Period
| I500.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 5.08% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 20.08% | -12.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 23.19% | -12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 16.30% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 15.78% | -1.48% |
I500.L vs. SGLN.L - Expense Ratio Comparison
I500.L has a 0.07% expense ratio, which is lower than SGLN.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
I500.L vs. SGLN.L - Dividend Comparison
Neither I500.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
I500.L and SGLN.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLN.L.
I500.L is categorized as S&P 500, while SGLN.L is Gold. I500.L tracks S&P 500 Net Dividends Reinvested Index (Net USD), while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.07% for I500.L and 0.12% for SGLN.L.
Find the right allocation for I500.L and SGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer