INDA vs. SGLN.L
INDA (iShares MSCI India ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, INDA returned 7.09%/yr vs 12.43%/yr for SGLN.L. At a 0.13 correlation, their price movements are largely independent. INDA charges 0.69%/yr vs 0.12%/yr for SGLN.L.
Performance
INDA vs. SGLN.L - Performance Comparison
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Different Trading Currencies
INDA is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, INDA achieves a -10.58% return, which is significantly lower than SGLN.L's -2.28% return. Over the past 10 years, INDA has underperformed SGLN.L with an annualized return of 7.09%, while SGLN.L has yielded a comparatively higher 12.43% annualized return.
INDA
- 1D
- 1.13%
- 1M
- -0.06%
- YTD
- -10.58%
- 6M
- -9.05%
- 1Y
- -10.57%
- 3Y*
- 4.51%
- 5Y*
- 2.79%
- 10Y*
- 7.09%
SGLN.L
- 1D
- 2.73%
- 1M
- -9.60%
- YTD
- -2.28%
- 6M
- -1.68%
- 1Y
- 23.26%
- 3Y*
- 29.22%
- 5Y*
- 17.40%
- 10Y*
- 12.43%
INDA vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | -10.58% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
SGLN.L iShares Physical Gold ETC | -2.28% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between INDA and SGLN.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.13 |
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Return for Risk
INDA vs. SGLN.L — Risk / Return Rank
INDA
SGLN.L
INDA vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) 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.
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.
| INDA | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.19 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.04 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.46 | 3.17 | -4.63 |
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Drawdowns
INDA vs. SGLN.L - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.07%, smaller than the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for INDA and SGLN.L.
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Drawdown Indicators
| INDA | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -56.74% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -22.81% | +4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -22.81% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -22.81% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -22.81% | -22.26% |
Current DrawdownCurrent decline from peak | -17.77% | -20.70% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -33.01% | +23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 7.51% | +0.58% |
Volatility
INDA vs. SGLN.L - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 4.16%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 7.17%. This indicates that INDA 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
| INDA | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 7.17% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 21.74% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 24.90% | -10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 22.72% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.11% | 18.82% | +2.29% |
INDA vs. SGLN.L - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
INDA vs. SGLN.L - Dividend Comparison
Neither INDA nor SGLN.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INDA and SGLN.L have a correlation of 0.13, 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 0.69% for INDA.
INDA is categorized as Asia Pacific Equities, while SGLN.L is Gold. INDA tracks MSCI India Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.69% for INDA and 0.12% for SGLN.L.
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