ISWD.L vs. SGLN.L
ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ISWD.L is a Global Equities fund tracking the MSCI World Islamic Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ISWD.L returned 12.78%/yr vs 14.29%/yr for SGLN.L. At a 0.10 correlation, their price movements are largely independent. ISWD.L charges 0.60%/yr vs 0.12%/yr for SGLN.L.
Performance
ISWD.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISWD.L achieves a 20.37% return, which is significantly higher than SGLN.L's 3.17% return. Over the past 10 years, ISWD.L has underperformed SGLN.L with an annualized return of 12.78%, while SGLN.L has yielded a comparatively higher 14.29% annualized return.
ISWD.L
- 1D
- 0.65%
- 1M
- 11.25%
- YTD
- 20.37%
- 6M
- 20.71%
- 1Y
- 38.83%
- 3Y*
- 16.15%
- 5Y*
- 13.73%
- 10Y*
- 12.78%
SGLN.L
- 1D
- -1.14%
- 1M
- -2.89%
- YTD
- 3.17%
- 6M
- 4.34%
- 1Y
- 33.24%
- 3Y*
- 27.91%
- 5Y*
- 19.95%
- 10Y*
- 14.29%
ISWD.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISWD.L iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.37% | 11.58% | 7.85% | 17.25% | -0.87% | 23.70% | 5.11% | 17.98% | -3.81% | 9.22% |
SGLN.L iShares Physical Gold ETC | 3.17% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between ISWD.L and SGLN.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.10 |
The correlation between ISWD.L and SGLN.L shifts across timeframes, from 0.08 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISWD.L vs. SGLN.L — Risk / Return Rank
ISWD.L
SGLN.L
ISWD.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.
| ISWD.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.28 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 1.88 | +5.13 |
| Martin ratioReturn relative to average drawdown | 24.08 | 5.03 | +19.05 |
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
| ISWD.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.42 | 1.43 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 1.22 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.90 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.55 | +0.20 |
Drawdowns
ISWD.L vs. SGLN.L - Drawdown Comparison
The maximum ISWD.L drawdown since its inception was -31.52%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for ISWD.L and SGLN.L.
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Drawdown Indicators
| ISWD.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -41.71% | +10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -17.57% | +12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -17.57% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -17.57% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -24.90% | -21.91% | -2.99% |
Current DrawdownCurrent decline from peak | 0.00% | -16.59% | +16.59% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -14.76% | +11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 6.60% | -4.99% |
Volatility
ISWD.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) is 3.64%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that ISWD.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
| ISWD.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 5.08% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 20.07% | -11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 23.19% | -11.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 16.29% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 15.78% | -1.45% |
ISWD.L vs. SGLN.L - Expense Ratio Comparison
ISWD.L has a 0.60% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
ISWD.L vs. SGLN.L - Dividend Comparison
ISWD.L's dividend yield for the trailing twelve months is around 1.27%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISWD.L iShares MSCI World Islamic UCITS ETF USD (Dist) | 1.27% | 1.50% | 1.74% | 1.99% | 2.43% | 1.98% | 1.88% | 2.37% | 2.39% | 2.09% | 2.09% | 2.62% |
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
ISWD.L and SGLN.L have a correlation of 0.23, 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 0.60% for ISWD.L.
ISWD.L is categorized as Global Equities, while SGLN.L is Gold. ISWD.L tracks MSCI World Islamic Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.60% for ISWD.L and 0.12% for SGLN.L.
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