IUMF.L vs. SGLN.L
IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, IUMF.L returned 15.74%/yr vs 19.95%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. IUMF.L charges 0.20%/yr vs 0.12%/yr for SGLN.L.
Performance
IUMF.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUMF.L achieves a 32.21% return, which is significantly higher than SGLN.L's 3.17% return.
IUMF.L
- 1D
- 1.91%
- 1M
- 18.47%
- YTD
- 32.21%
- 6M
- 32.62%
- 1Y
- 43.66%
- 3Y*
- 29.81%
- 5Y*
- 15.74%
- 10Y*
- —
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%
IUMF.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF | 32.21% | 9.14% | 34.88% | 3.73% | -8.43% | 14.11% | 25.03% | 23.31% | 2.39% | 24.77% |
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 IUMF.L and SGLN.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016 | 0.07 |
The correlation between IUMF.L and SGLN.L shifts across timeframes, from 0.01 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUMF.L vs. SGLN.L — Risk / Return Rank
IUMF.L
SGLN.L
IUMF.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.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.
| IUMF.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 1.88 | +2.78 |
| Martin ratioReturn relative to average drawdown | 15.06 | 5.03 | +10.03 |
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
| IUMF.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.43 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.22 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.55 | +0.31 |
Drawdowns
IUMF.L vs. SGLN.L - Drawdown Comparison
The maximum IUMF.L drawdown since its inception was -25.23%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for IUMF.L and SGLN.L.
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Drawdown Indicators
| IUMF.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.23% | -41.71% | +16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -17.57% | +8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -17.57% | -4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -17.57% | -6.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -16.59% | +16.59% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -14.76% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 6.60% | -3.71% |
Volatility
IUMF.L vs. SGLN.L - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) has a higher volatility of 7.74% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that IUMF.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
| IUMF.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 5.08% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.98% | 20.07% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 23.19% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 16.29% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 15.78% | +2.87% |
IUMF.L vs. SGLN.L - Expense Ratio Comparison
IUMF.L has a 0.20% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUMF.L vs. SGLN.L - Dividend Comparison
Neither IUMF.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IUMF.L and SGLN.L have a correlation of 0.14, 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 0.20% for IUMF.L.
IUMF.L is categorized as Momentum, while SGLN.L is Gold. IUMF.L tracks MSCI USA Momentum Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for IUMF.L and 0.12% for SGLN.L.
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