IUKP.L vs. SGLN.L
IUKP.L (iShares UK Property UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IUKP.L is a REIT fund tracking the FTSE EPRA/NAREIT United Kingdom, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IUKP.L returned -4.20%/yr vs 14.27%/yr for SGLN.L. At a correlation of -0.03, they often move in opposite directions. IUKP.L charges 0.40%/yr vs 0.12%/yr for SGLN.L.
Performance
IUKP.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUKP.L achieves a -3.75% return, which is significantly lower than SGLN.L's 3.89% return. Over the past 10 years, IUKP.L has underperformed SGLN.L with an annualized return of -4.20%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
IUKP.L
- 1D
- 0.96%
- 1M
- 1.62%
- YTD
- -3.75%
- 6M
- -2.64%
- 1Y
- -4.48%
- 3Y*
- -3.49%
- 5Y*
- -7.61%
- 10Y*
- -4.20%
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%
IUKP.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUKP.L iShares UK Property UCITS ETF | -3.75% | 4.80% | -15.54% | 6.20% | -33.79% | 25.56% | -18.46% | 25.37% | -16.13% | 8.55% |
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 IUKP.L and SGLN.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | -0.03 |
The correlation between IUKP.L and SGLN.L shifts across timeframes, from -0.04 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUKP.L vs. SGLN.L — Risk / Return Rank
IUKP.L
SGLN.L
IUKP.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Property UCITS ETF (IUKP.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.
| IUKP.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.91 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.58 | 5.05 | -5.62 |
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
| IUKP.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.45 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 1.23 | -1.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.90 | -1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 0.55 | -0.73 |
Drawdowns
IUKP.L vs. SGLN.L - Drawdown Comparison
The maximum IUKP.L drawdown since its inception was -81.01%, 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 IUKP.L and SGLN.L.
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Drawdown Indicators
| IUKP.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.01% | -41.71% | -39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -17.57% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -17.57% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -45.63% | -17.57% | -28.06% |
Max Drawdown (10Y)Largest decline over 10 years | -45.63% | -21.91% | -23.72% |
Current DrawdownCurrent decline from peak | -61.46% | -16.01% | -45.45% |
Average DrawdownAverage peak-to-trough decline | -51.12% | -14.76% | -36.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 6.67% | +1.05% |
Volatility
IUKP.L vs. SGLN.L - Volatility Comparison
iShares UK Property UCITS ETF (IUKP.L) has a higher volatility of 6.51% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that IUKP.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
| IUKP.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 5.08% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 20.08% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 23.19% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.29% | 16.30% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 15.78% | +5.06% |
IUKP.L vs. SGLN.L - Expense Ratio Comparison
IUKP.L has a 0.40% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
IUKP.L vs. SGLN.L - Dividend Comparison
IUKP.L's dividend yield for the trailing twelve months is around 0.04%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKP.L iShares UK Property UCITS ETF | 0.04% | 0.04% | 0.05% | 0.04% | 0.04% | 0.02% | 0.02% | 0.03% | 0.04% | 0.03% | 0.03% | 0.02% |
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
IUKP.L and SGLN.L have a correlation of 0.16, 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 0.40% for IUKP.L.
IUKP.L is categorized as REIT, while SGLN.L is Gold. IUKP.L tracks FTSE EPRA/NAREIT United Kingdom, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.40% for IUKP.L and 0.12% for SGLN.L.
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