IWDP.L vs. SGLP.L
IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, IWDP.L returned 4.14%/yr vs 13.00%/yr for SGLP.L. At a 0.14 correlation, their price movements are largely independent. IWDP.L charges 0.59%/yr vs 0.12%/yr for SGLP.L.
Performance
IWDP.L vs. SGLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWDP.L achieves a 10.36% return, which is significantly higher than SGLP.L's -1.79% return. Over the past 10 years, IWDP.L has underperformed SGLP.L with an annualized return of 4.14%, while SGLP.L has yielded a comparatively higher 13.00% annualized return.
IWDP.L
- 1D
- 0.87%
- 1M
- 2.03%
- YTD
- 10.36%
- 6M
- 11.23%
- 1Y
- 14.79%
- 3Y*
- 7.08%
- 5Y*
- 1.91%
- 10Y*
- 4.14%
SGLP.L
- 1D
- 2.85%
- 1M
- -9.58%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
IWDP.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 10.36% | 1.72% | 1.23% | 3.99% | -14.93% | 26.93% | -12.50% | 17.32% | -0.09% | 1.36% |
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Correlation
The correlation between IWDP.L and SGLP.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.14 |
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Return for Risk
IWDP.L vs. SGLP.L — Risk / Return Rank
IWDP.L
SGLP.L
IWDP.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) and Invesco Physical Gold A (SGLP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWDP.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.13 | +0.50 |
| Martin ratioReturn relative to average drawdown | 5.06 | 3.52 | +1.53 |
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Drawdowns
IWDP.L vs. SGLP.L - Drawdown Comparison
The maximum IWDP.L drawdown since its inception was -59.16%, smaller than the maximum SGLP.L drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for IWDP.L and SGLP.L.
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Drawdown Indicators
| IWDP.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.16% | -63.75% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -22.82% | +14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -22.82% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -22.82% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | -22.82% | -12.79% |
Current DrawdownCurrent decline from peak | -0.24% | -20.62% | +20.38% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -31.72% | +20.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 7.35% | -4.57% |
Volatility
IWDP.L vs. SGLP.L - Volatility Comparison
The current volatility for iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) is 3.06%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.68%. This indicates that IWDP.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDP.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 6.68% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 20.61% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 23.66% | -12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 21.71% | -7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 18.76% | -3.20% |
IWDP.L vs. SGLP.L - Expense Ratio Comparison
IWDP.L has a 0.59% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Dividends
IWDP.L vs. SGLP.L - Dividend Comparison
IWDP.L's dividend yield for the trailing twelve months is around 2.93%, while SGLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 2.93% | 3.14% | 3.18% | 3.14% | 3.56% | 2.17% | 3.11% | 3.03% | 3.82% | 3.05% | 2.96% | 2.93% |
SGLP.L Invesco Physical Gold A | 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
IWDP.L and SGLP.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.59% for IWDP.L.
IWDP.L is categorized as REIT, while SGLP.L is Precious Metals. IWDP.L tracks FTSE EPRA Nareit Global TR USD, while SGLP.L tracks Gold. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.59% for IWDP.L and 0.12% for SGLP.L.
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