IWFM.L vs. SGLN.L
IWFM.L (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - IWFM.L is a Momentum fund tracking the MSCI World Momentum Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, IWFM.L returned 16.44%/yr vs 14.27%/yr for SGLN.L. At a 0.08 correlation, their price movements are largely independent. IWFM.L charges 0.25%/yr vs 0.12%/yr for SGLN.L.
Performance
IWFM.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWFM.L achieves a 22.13% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, IWFM.L has outperformed SGLN.L with an annualized return of 16.44%, while SGLN.L has yielded a comparatively lower 14.27% annualized return.
IWFM.L
- 1D
- -0.86%
- 1M
- 8.93%
- YTD
- 22.13%
- 6M
- 22.59%
- 1Y
- 35.15%
- 3Y*
- 26.24%
- 5Y*
- 14.83%
- 10Y*
- 16.44%
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%
IWFM.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWFM.L iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.13% | 12.72% | 32.62% | 5.85% | -8.21% | 15.58% | 24.16% | 23.25% | 1.62% | 20.40% |
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 IWFM.L and SGLN.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.08 |
The correlation between IWFM.L and SGLN.L shifts across timeframes, from 0.03 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWFM.L vs. SGLN.L — Risk / Return Rank
IWFM.L
SGLN.L
IWFM.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.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.
| IWFM.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.91 | +2.00 |
| Martin ratioReturn relative to average drawdown | 15.27 | 5.05 | +10.22 |
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
| IWFM.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.45 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.23 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.90 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.55 | +0.43 |
Drawdowns
IWFM.L vs. SGLN.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -22.58%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for IWFM.L and SGLN.L.
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Drawdown Indicators
| IWFM.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -41.71% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -17.57% | +8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -17.57% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -17.57% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | -21.91% | -0.67% |
Current DrawdownCurrent decline from peak | -0.86% | -16.01% | +15.15% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -14.76% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 6.67% | -4.37% |
Volatility
IWFM.L vs. SGLN.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 5.85% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that IWFM.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
| IWFM.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 5.08% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 20.08% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 23.19% | -6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 16.30% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 15.78% | +1.40% |
IWFM.L vs. SGLN.L - Expense Ratio Comparison
IWFM.L has a 0.25% 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
IWFM.L vs. SGLN.L - Dividend Comparison
Neither IWFM.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
IWFM.L and SGLN.L have a correlation of 0.15, 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 0.25% for IWFM.L.
IWFM.L is categorized as Momentum, while SGLN.L is Gold. IWFM.L tracks MSCI World Momentum Index, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.25% for IWFM.L and 0.12% for SGLN.L.
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