ISJP.L vs. SGLN.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ISJP.L is a Japan Equities fund tracking the MSCI Japan Small Cap NR JPY, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ISJP.L returned 8.58%/yr vs 14.27%/yr for SGLN.L. At a 0.13 correlation, their price movements are largely independent. ISJP.L charges 0.58%/yr vs 0.12%/yr for SGLN.L.
Performance
ISJP.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISJP.L achieves a 15.08% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, ISJP.L has underperformed SGLN.L with an annualized return of 8.58%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
ISJP.L
- 1D
- 0.31%
- 1M
- 4.30%
- YTD
- 15.08%
- 6M
- 15.70%
- 1Y
- 31.91%
- 3Y*
- 14.99%
- 5Y*
- 8.64%
- 10Y*
- 8.58%
SGLN.L
- 1D
- 0.70%
- 1M
- -3.53%
- YTD
- 3.89%
- 6M
- 5.21%
- 1Y
- 34.65%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
ISJP.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.08% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 4.51% | 13.94% | -11.99% | 19.35% |
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 ISJP.L and SGLN.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.13 |
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Return for Risk
ISJP.L vs. SGLN.L — Risk / Return Rank
ISJP.L
SGLN.L
ISJP.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.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.
| ISJP.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.91 | +0.98 |
| Martin ratioReturn relative to average drawdown | 9.66 | 5.05 | +4.62 |
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
| ISJP.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.45 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.23 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.90 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.55 | -0.07 |
Drawdowns
ISJP.L vs. SGLN.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for ISJP.L and SGLN.L.
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Drawdown Indicators
| ISJP.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -41.71% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -17.57% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -17.57% | +6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -17.57% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -21.91% | -7.07% |
Current DrawdownCurrent decline from peak | -1.25% | -16.01% | +14.76% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -14.76% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 6.67% | -3.42% |
Volatility
ISJP.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) is 4.25%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that ISJP.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
| ISJP.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.08% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 20.08% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 23.19% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.30% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 15.78% | -0.16% |
ISJP.L vs. SGLN.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
ISJP.L vs. SGLN.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.67% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.68% |
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
ISJP.L and SGLN.L have a correlation of 0.19, 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 0.58% for ISJP.L.
ISJP.L is categorized as Japan Equities, while SGLN.L is Gold. ISJP.L tracks MSCI Japan Small Cap NR JPY, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.58% for ISJP.L and 0.12% for SGLN.L.
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