IGLN.L vs. SGBX.L
IGLN.L (iShares Physical Gold ETC) and SGBX.L (WisdomTree Physical Swiss Gold) are both Gold funds - IGLN.L tracks the LBMA Gold Price while SGBX.L tracks the Gold. Both are passively managed. Over the past 10 years, IGLN.L returned 11.57%/yr vs 8.45%/yr for SGBX.L. Their correlation of 0.82 suggests significant overlap in exposure. IGLN.L charges 0.12%/yr vs 0.15%/yr for SGBX.L.
Performance
IGLN.L vs. SGBX.L - Performance Comparison
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Different Trading Currencies
IGLN.L is traded in USD, while SGBX.L is traded in GBp. To make them comparable, the SGBX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IGLN.L having a -6.72% return and SGBX.L slightly lower at -6.75%. Over the past 10 years, IGLN.L has outperformed SGBX.L with an annualized return of 11.57%, while SGBX.L has yielded a comparatively lower 8.45% annualized return.
IGLN.L
- 1D
- 0.35%
- 1M
- -10.73%
- YTD
- -6.72%
- 6M
- -10.54%
- 1Y
- 20.86%
- 3Y*
- 27.64%
- 5Y*
- 17.56%
- 10Y*
- 11.57%
SGBX.L
- 1D
- 0.34%
- 1M
- -10.90%
- YTD
- -6.75%
- 6M
- -10.37%
- 1Y
- 20.44%
- 3Y*
- 27.61%
- 5Y*
- 17.57%
- 10Y*
- 8.45%
IGLN.L vs. SGBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | -6.72% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
SGBX.L WisdomTree Physical Swiss Gold | -6.75% | 65.13% | 26.00% | 12.90% | -0.16% | -3.76% | 23.68% | 19.27% | -1.56% | -9.58% |
Correlation
The correlation between IGLN.L and SGBX.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.82 |
The correlation between IGLN.L and SGBX.L shifts across timeframes, from 0.82 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLN.L vs. SGBX.L — Risk / Return Rank
IGLN.L
SGBX.L
IGLN.L vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (IGLN.L) and WisdomTree Physical Swiss Gold (SGBX.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.
| IGLN.L | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.82 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.37 | +0.11 |
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Drawdowns
IGLN.L vs. SGBX.L - Drawdown Comparison
The maximum IGLN.L drawdown since its inception was -45.25%, smaller than the maximum SGBX.L drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for IGLN.L and SGBX.L.
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Drawdown Indicators
| IGLN.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -62.96% | +17.71% |
Max Drawdown (1Y)Largest decline over 1 year | -24.39% | -24.78% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -24.78% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -24.78% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -24.39% | -35.61% | +11.22% |
Current DrawdownCurrent decline from peak | -24.13% | -24.52% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -34.01% | +14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 8.59% | -0.21% |
Volatility
IGLN.L vs. SGBX.L - Volatility Comparison
iShares Physical Gold ETC (IGLN.L) has a higher volatility of 9.08% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 8.48%. This indicates that IGLN.L's price experiences larger fluctuations and is considered to be riskier than SGBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLN.L | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 8.48% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 23.04% | 22.15% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.95% | 25.26% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 22.77% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 20.10% | -4.43% |
IGLN.L vs. SGBX.L - Expense Ratio Comparison
IGLN.L has a 0.12% expense ratio, which is lower than SGBX.L's 0.15% 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
IGLN.L vs. SGBX.L - Dividend Comparison
Neither IGLN.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, IGLN.L and SGBX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SGBX.L.
IGLN.L tracks LBMA Gold Price, while SGBX.L tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.12% for IGLN.L and 0.15% for SGBX.L.
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