IMV.L vs. SGLN.L
IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IMV.L returned 7.68%/yr vs 14.27%/yr for SGLN.L. At a 0.13 correlation, their price movements are largely independent. IMV.L charges 0.25%/yr vs 0.12%/yr for SGLN.L.
Performance
IMV.L vs. SGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IMV.L achieves a 4.72% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, IMV.L has underperformed SGLN.L with an annualized return of 7.68%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
IMV.L
- 1D
- 0.51%
- 1M
- 1.21%
- YTD
- 4.72%
- 6M
- 5.90%
- 1Y
- 8.30%
- 3Y*
- 10.49%
- 5Y*
- 7.54%
- 10Y*
- 7.68%
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%
IMV.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 4.72% | 17.66% | 6.63% | 8.56% | -7.83% | 13.68% | 1.50% | 16.37% | -2.91% | 13.29% |
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 IMV.L and SGLN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.13 |
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
IMV.L vs. SGLN.L — Risk / Return Rank
IMV.L
SGLN.L
IMV.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Min Volatility UCITS (IMV.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.
| IMV.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.91 | -0.94 |
| Martin ratioReturn relative to average drawdown | 2.92 | 5.05 | -2.12 |
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
| IMV.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.45 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.23 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.90 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.55 | +0.16 |
Drawdowns
IMV.L vs. SGLN.L - Drawdown Comparison
The maximum IMV.L drawdown since its inception was -24.48%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for IMV.L and SGLN.L.
Loading charts...
Drawdown Indicators
| IMV.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -41.71% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -17.57% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -17.57% | +9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.42% | -17.57% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | -21.91% | -2.57% |
Current DrawdownCurrent decline from peak | -4.62% | -16.01% | +11.39% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -14.76% | +11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 6.67% | -3.84% |
Volatility
IMV.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) is 2.89%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that IMV.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.
Loading charts...
Volatility by Period
| IMV.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 5.08% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 20.08% | -12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 23.19% | -14.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 16.30% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 15.78% | -3.47% |
IMV.L vs. SGLN.L - Expense Ratio Comparison
IMV.L has a 0.25% 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
IMV.L vs. SGLN.L - Dividend Comparison
Neither IMV.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IMV.L and SGLN.L have a correlation of 0.20, 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 0.25% for IMV.L.
IMV.L is categorized as Europe Equities, while SGLN.L is Gold. IMV.L tracks MSCI Europe NR EUR, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.25% for IMV.L and 0.12% for SGLN.L.
Find the right allocation for IMV.L and SGLN.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