IGUS.L vs. SGLN.L
IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IGUS.L returned 13.48%/yr vs 14.27%/yr for SGLN.L. At a correlation of -0.09, they often move in opposite directions. IGUS.L charges 0.20%/yr vs 0.12%/yr for SGLN.L.
Performance
IGUS.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGUS.L achieves a 9.82% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, IGUS.L has underperformed SGLN.L with an annualized return of 13.48%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
IGUS.L
- 1D
- 0.06%
- 1M
- 4.70%
- YTD
- 9.82%
- 6M
- 10.53%
- 1Y
- 27.11%
- 3Y*
- 21.32%
- 5Y*
- 12.46%
- 10Y*
- 13.48%
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
IGUS.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF | 9.82% | 17.39% | 24.64% | 24.49% | -20.60% | 28.57% | 14.63% | 27.27% | -7.47% | 19.85% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between IGUS.L and SGLN.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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | -0.09 |
The correlation between IGUS.L and SGLN.L shifts across timeframes, from -0.11 (10 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGUS.L vs. SGLN.L — Risk / Return Rank
IGUS.L
SGLN.L
IGUS.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.
| IGUS.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.29 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.91 | +1.29 |
| Martin ratioReturn relative to average drawdown | 13.92 | 5.05 | +8.87 |
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
| IGUS.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.45 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.23 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.90 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.55 | +0.27 |
Drawdowns
IGUS.L vs. SGLN.L - Drawdown Comparison
The maximum IGUS.L drawdown since its inception was -36.66%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for IGUS.L and SGLN.L.
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Drawdown Indicators
| IGUS.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -41.71% | +5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -17.57% | +9.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -17.57% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -17.57% | -8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -21.91% | -14.75% |
Current DrawdownCurrent decline from peak | -0.46% | -16.01% | +15.55% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -14.76% | +10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 6.67% | -4.73% |
Volatility
IGUS.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) is 3.21%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that IGUS.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.
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Volatility by Period
| IGUS.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 5.08% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 20.08% | -11.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 23.19% | -11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.30% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 15.78% | +0.80% |
IGUS.L vs. SGLN.L - Expense Ratio Comparison
IGUS.L has a 0.20% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGUS.L vs. SGLN.L - Dividend Comparison
Neither IGUS.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IGUS.L and SGLN.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, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IGUS.L.
IGUS.L is categorized as S&P 500, while SGLN.L is Gold. IGUS.L tracks S&P 500 Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for IGUS.L and 0.12% for SGLN.L.
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