IASH.L vs. SGLN.L
IASH.L (iShares MSCI China A UCITS USD) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IASH.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while SGLN.L is a Precious Metals fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IASH.L returned 7.12%/yr vs 14.29%/yr for SGLN.L. At a 0.11 correlation, their price movements are largely independent.
Performance
IASH.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IASH.L achieves a 9.51% return, which is significantly higher than SGLN.L's 3.17% return. Over the past 10 years, IASH.L has underperformed SGLN.L with an annualized return of 7.12%, while SGLN.L has yielded a comparatively higher 14.29% annualized return.
IASH.L
- 1D
- -0.06%
- 1M
- 3.10%
- YTD
- 9.51%
- 6M
- 12.93%
- 1Y
- 38.65%
- 3Y*
- 8.41%
- 5Y*
- 0.05%
- 10Y*
- 7.12%
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%
IASH.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 9.51% | 17.67% | 12.92% | -18.83% | -17.27% | 4.48% | 37.65% | 29.94% | -21.35% | 17.95% |
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 IASH.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 | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2015 | 0.11 |
The correlation between IASH.L and SGLN.L shifts across timeframes, from 0.09 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IASH.L vs. SGLN.L — Risk / Return Rank
IASH.L
SGLN.L
IASH.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.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.
| IASH.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 1.88 | +3.84 |
| Martin ratioReturn relative to average drawdown | 15.80 | 5.03 | +10.78 |
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
| IASH.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.43 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.22 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.90 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.55 | -0.46 |
Drawdowns
IASH.L vs. SGLN.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -48.39%, 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 IASH.L and SGLN.L.
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Drawdown Indicators
| IASH.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.39% | -41.71% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -17.57% | +10.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.77% | -17.57% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -42.23% | -17.57% | -24.66% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -21.91% | -22.76% |
Current DrawdownCurrent decline from peak | -10.06% | -16.59% | +6.53% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -14.76% | -9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 6.60% | -4.16% |
Volatility
IASH.L vs. SGLN.L - Volatility Comparison
iShares MSCI China A UCITS USD (IASH.L) has a higher volatility of 5.69% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that IASH.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
| IASH.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.08% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 20.07% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 23.19% | -7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 16.29% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 15.78% | +7.01% |
Dividends
IASH.L vs. SGLN.L - Dividend Comparison
Neither IASH.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IASH.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.
IASH.L is categorized as China Equities, while SGLN.L is Precious Metals. IASH.L tracks MSCI China A Onshore NR CNY, while SGLN.L tracks LBMA Gold Price.
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