ISX5.L vs. SGLN.L
ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ISX5.L returned 11.88%/yr vs 13.13%/yr for SGLN.L. At a 0.04 correlation, their price movements are largely independent. ISX5.L charges 0.00%/yr vs 0.12%/yr for SGLN.L.
Performance
ISX5.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
ISX5.L 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, ISX5.L achieves a 4.97% return, which is significantly higher than SGLN.L's 0.50% return. Over the past 10 years, ISX5.L has underperformed SGLN.L with an annualized return of 11.88%, while SGLN.L has yielded a comparatively higher 13.13% annualized return.
ISX5.L
- 1D
- -1.32%
- 1M
- -0.64%
- YTD
- 4.97%
- 6M
- 7.07%
- 1Y
- 15.90%
- 3Y*
- 18.36%
- 5Y*
- 10.22%
- 10Y*
- 11.88%
SGLN.L
- 1D
- -3.03%
- 1M
- -7.61%
- YTD
- 0.50%
- 6M
- 2.73%
- 1Y
- 29.17%
- 3Y*
- 30.03%
- 5Y*
- 17.89%
- 10Y*
- 13.13%
ISX5.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 4.97% | 37.35% | 4.59% | 26.91% | -13.63% | 13.94% | 6.81% | 25.61% | 1.58% | 9.70% |
SGLN.L iShares Physical Gold ETC | 0.50% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between ISX5.L and SGLN.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011 | 0.04 |
Over the past year, ISX5.L and SGLN.L have become more correlated (0.32) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
ISX5.L vs. SGLN.L — Risk / Return Rank
ISX5.L
SGLN.L
ISX5.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.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.
| ISX5.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.57 | -0.35 |
| Martin ratioReturn relative to average drawdown | 4.13 | 4.20 | -0.07 |
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
| ISX5.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.19 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.79 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.70 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.18 | +0.24 |
Drawdowns
ISX5.L vs. SGLN.L - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for ISX5.L and SGLN.L.
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Drawdown Indicators
| ISX5.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -56.74% | +18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -18.44% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -19.67% | +4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -21.27% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -21.27% | -17.35% |
Current DrawdownCurrent decline from peak | -2.30% | -18.44% | +16.14% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -33.03% | +24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 6.93% | -3.09% |
Volatility
ISX5.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) is 5.39%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.73%. This indicates that ISX5.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
| ISX5.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.73% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 21.25% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 24.46% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 22.62% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 18.77% | +3.22% |
ISX5.L vs. SGLN.L - Expense Ratio Comparison
ISX5.L has a 0.00% expense ratio, which is lower than SGLN.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISX5.L vs. SGLN.L - Dividend Comparison
Neither ISX5.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ISX5.L and SGLN.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.12% for SGLN.L.
ISX5.L is categorized as Europe Equities, while SGLN.L is Gold. ISX5.L tracks MSCI EMU NR EUR, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.00% for ISX5.L and 0.12% for SGLN.L.
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