INFR.L vs. SGLN.L
INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, INFR.L returned 8.66%/yr vs 14.27%/yr for SGLN.L. At a 0.15 correlation, their price movements are largely independent. INFR.L charges 0.65%/yr vs 0.12%/yr for SGLN.L.
Performance
INFR.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, INFR.L achieves a 9.52% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, INFR.L has underperformed SGLN.L with an annualized return of 8.66%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
INFR.L
- 1D
- -1.24%
- 1M
- -2.23%
- YTD
- 9.52%
- 6M
- 8.44%
- 1Y
- 16.29%
- 3Y*
- 9.33%
- 5Y*
- 7.61%
- 10Y*
- 8.66%
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%
INFR.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 9.52% | 5.90% | 11.49% | -4.96% | 5.77% | 19.54% | -4.70% | 20.82% | 4.39% | 5.41% |
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 INFR.L and SGLN.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.15 |
The correlation between INFR.L and SGLN.L shifts across timeframes, from 0.07 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
INFR.L vs. SGLN.L — Risk / Return Rank
INFR.L
SGLN.L
INFR.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.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.
| INFR.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.91 | +1.22 |
| Martin ratioReturn relative to average drawdown | 7.96 | 5.05 | +2.91 |
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
| INFR.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.45 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.23 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.90 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Drawdowns
INFR.L vs. SGLN.L - Drawdown Comparison
The maximum INFR.L drawdown since its inception was -34.25%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for INFR.L and SGLN.L.
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Drawdown Indicators
| INFR.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -41.71% | +7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -17.57% | +12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -17.57% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -17.57% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | -21.91% | -4.84% |
Current DrawdownCurrent decline from peak | -3.70% | -16.01% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -14.76% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 6.67% | -4.63% |
Volatility
INFR.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) is 3.92%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that INFR.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
| INFR.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 5.08% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 20.08% | -11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 23.19% | -12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 16.30% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.10% | 15.78% | -1.68% |
INFR.L vs. SGLN.L - Expense Ratio Comparison
INFR.L has a 0.65% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
INFR.L vs. SGLN.L - Dividend Comparison
INFR.L's dividend yield for the trailing twelve months is around 2.82%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.82% | 2.97% | 2.96% | 3.02% | 2.54% | 2.60% | 2.84% | 2.70% | 2.99% | 3.51% | 3.45% | 4.75% |
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
INFR.L and SGLN.L have a correlation of 0.07, 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 0.65% for INFR.L.
INFR.L is categorized as Utilities Equities, while SGLN.L is Gold. INFR.L tracks FTSE Global Core Infrastructure Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.65% for INFR.L and 0.12% for SGLN.L.
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