ITWN.L vs. SGLN.L
ITWN.L (iShares MSCI Taiwan UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ITWN.L is a Asia Pacific Equities fund tracking the MSCI Taiwan NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, ITWN.L returned 23.12%/yr vs 14.27%/yr for SGLN.L. At a 0.11 correlation, their price movements are largely independent. ITWN.L charges 0.74%/yr vs 0.12%/yr for SGLN.L.
Performance
ITWN.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ITWN.L achieves a 67.93% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, ITWN.L has outperformed SGLN.L with an annualized return of 23.12%, while SGLN.L has yielded a comparatively lower 14.27% annualized return.
ITWN.L
- 1D
- -1.63%
- 1M
- 14.84%
- YTD
- 67.93%
- 6M
- 73.48%
- 1Y
- 117.37%
- 3Y*
- 40.47%
- 5Y*
- 22.94%
- 10Y*
- 23.12%
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%
ITWN.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITWN.L iShares MSCI Taiwan UCITS ETF | 67.93% | 22.61% | 25.77% | 21.84% | -21.08% | 29.84% | 29.40% | 30.88% | -3.90% | 16.56% |
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 ITWN.L 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.11 |
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Return for Risk
ITWN.L vs. SGLN.L — Risk / Return Rank
ITWN.L
SGLN.L
ITWN.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Taiwan UCITS ETF (ITWN.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.
| ITWN.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.65 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.29 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 12.46 | 1.91 | +10.55 |
| Martin ratioReturn relative to average drawdown | 34.79 | 5.05 | +29.74 |
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
| ITWN.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.10 | 1.45 | +3.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.23 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.90 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.55 | +0.09 |
Drawdowns
ITWN.L vs. SGLN.L - Drawdown Comparison
The maximum ITWN.L drawdown since its inception was -48.27%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for ITWN.L and SGLN.L.
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Drawdown Indicators
| ITWN.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.27% | -41.71% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -17.57% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -29.32% | -17.57% | -11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -17.57% | -12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -21.91% | -8.16% |
Current DrawdownCurrent decline from peak | -1.80% | -16.01% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -14.76% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 6.67% | -3.31% |
Volatility
ITWN.L vs. SGLN.L - Volatility Comparison
iShares MSCI Taiwan UCITS ETF (ITWN.L) has a higher volatility of 9.68% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that ITWN.L's price experiences larger fluctuations and is considered to be riskier 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
| ITWN.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 5.08% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 20.08% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.88% | 23.19% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 16.30% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.55% | 15.78% | +4.77% |
ITWN.L vs. SGLN.L - Expense Ratio Comparison
ITWN.L has a 0.74% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
ITWN.L vs. SGLN.L - Dividend Comparison
ITWN.L's dividend yield for the trailing twelve months is around 0.89%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITWN.L iShares MSCI Taiwan UCITS ETF | 0.89% | 1.50% | 1.37% | 2.14% | 3.54% | 1.33% | 1.83% | 2.28% | 2.72% | 2.74% | 2.86% | 3.23% |
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
ITWN.L 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 0.74% for ITWN.L.
ITWN.L is categorized as Asia Pacific Equities, while SGLN.L is Gold. ITWN.L tracks MSCI Taiwan NR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.74% for ITWN.L and 0.12% for SGLN.L.
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