IGCB.L vs. SGLS.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and SGLS.L (Invesco Physical Gold GBP Hedged ETC) are both exchange-traded funds - IGCB.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR, while SGLS.L is a Precious Metals fund tracking the Gold (GBP Hedged). Both are passively managed. Over the past 5 years, IGCB.L returned -0.66%/yr vs 17.34%/yr for SGLS.L. At a 0.22 correlation, their price movements are largely independent. IGCB.L charges 0.10%/yr vs 0.34%/yr for SGLS.L.
Performance
IGCB.L vs. SGLS.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 SGLS.L's 3.01% 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*
- —
SGLS.L
- 1D
- 0.62%
- 1M
- -2.49%
- YTD
- 3.01%
- 6M
- 5.20%
- 1Y
- 30.77%
- 3Y*
- 29.59%
- 5Y*
- 17.34%
- 10Y*
- —
IGCB.L vs. SGLS.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% | 3.59% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 3.01% | 64.22% | 24.42% | 11.48% | -1.42% | -4.63% | -3.17% |
Correlation
The correlation between IGCB.L and SGLS.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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.22 |
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. SGLS.L — Risk / Return Rank
IGCB.L
SGLS.L
IGCB.L vs. SGLS.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 GBP Hedged ETC (SGLS.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 | SGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.71 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.35 | 4.48 | -1.14 |
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 | SGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.24 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.07 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.90 | -0.88 |
Drawdowns
IGCB.L vs. SGLS.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, which is greater than SGLS.L's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for IGCB.L and SGLS.L.
Loading charts...
Drawdown Indicators
| IGCB.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -21.94% | -8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -17.93% | +13.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -17.93% | +13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -21.94% | -7.45% |
Current DrawdownCurrent decline from peak | -7.54% | -15.99% | +8.45% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -6.98% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 6.84% | -5.46% |
Volatility
IGCB.L vs. SGLS.L - Volatility Comparison
The current volatility for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) is 2.17%, while Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a volatility of 6.40%. This indicates that IGCB.L experiences smaller price fluctuations and is considered to be less risky than SGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGCB.L | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 6.40% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 21.65% | -16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 24.68% | -18.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 17.91% | -10.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 18.29% | -10.56% |
IGCB.L vs. SGLS.L - Expense Ratio Comparison
IGCB.L has a 0.10% expense ratio, which is lower than SGLS.L's 0.34% expense ratio.
Dividends
IGCB.L vs. SGLS.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, while SGLS.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% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGCB.L and SGLS.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.
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 0.34% for SGLS.L.
IGCB.L is categorized as European Corporate Bonds, while SGLS.L is Precious Metals. IGCB.L tracks Markit iBoxx GBP NonGilts TR, while SGLS.L tracks Gold (GBP Hedged). Their fees differ too: 0.10% for IGCB.L and 0.34% for SGLS.L.
Find the right allocation for IGCB.L and SGLS.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