IGCB.L vs. SGLP.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - IGCB.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, IGCB.L returned -0.66%/yr vs 19.87%/yr for SGLP.L. At a 0.18 correlation, their price movements are largely independent. IGCB.L charges 0.10%/yr vs 0.12%/yr for SGLP.L.
Performance
IGCB.L vs. SGLP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGCB.L achieves a -0.24% return, which is significantly lower than SGLP.L's 3.97% return.
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 10Y*
- —
SGLP.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.97%
- 6M
- 5.45%
- 1Y
- 33.77%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- 14.26%
IGCB.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
SGLP.L Invesco Physical Gold A | 3.97% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 8.13% |
Correlation
The correlation between IGCB.L and SGLP.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.18 |
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
IGCB.L vs. SGLP.L — Risk / Return Rank
IGCB.L
SGLP.L
IGCB.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.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.
| IGCB.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.88 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.35 | 5.06 | -1.72 |
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
| IGCB.L | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.46 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.23 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.53 | -0.52 |
Drawdowns
IGCB.L vs. SGLP.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, smaller than the maximum SGLP.L drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for IGCB.L and SGLP.L.
Loading charts...
Drawdown Indicators
| IGCB.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -38.83% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -17.89% | +13.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -17.89% | +13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -17.89% | -11.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -7.54% | -15.97% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -13.37% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 6.65% | -5.27% |
Volatility
IGCB.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) is 2.17%, while Invesco Physical Gold A (SGLP.L) has a volatility of 5.10%. This indicates that IGCB.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.
Loading charts...
Volatility by Period
| IGCB.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 5.10% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 19.90% | -14.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 23.02% | -17.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 16.11% | -8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 15.72% | -7.99% |
IGCB.L vs. SGLP.L - Expense Ratio Comparison
IGCB.L has a 0.10% 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
IGCB.L vs. SGLP.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, while SGLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% |
SGLP.L Invesco Physical Gold A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGCB.L and SGLP.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGCB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGCB.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLP.L.
IGCB.L is categorized as European Corporate Bonds, while SGLP.L is Precious Metals. IGCB.L tracks Markit iBoxx GBP NonGilts TR, while SGLP.L tracks Gold. Their fees differ too: 0.10% for IGCB.L and 0.12% for SGLP.L.
Find the right allocation for IGCB.L and SGLP.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