IWQU.L vs. SGLP.L
IWQU.L (iShares MSCI World Quality Factor UCITS) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 10 years, IWQU.L returned 12.75%/yr vs 12.42%/yr for SGLP.L. At a 0.03 correlation, their price movements are largely independent. IWQU.L charges 0.30%/yr vs 0.12%/yr for SGLP.L.
Performance
IWQU.L vs. SGLP.L - Performance Comparison
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Different Trading Currencies
IWQU.L is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWQU.L achieves a 8.72% return, which is significantly higher than SGLP.L's -2.23% return. Both investments have delivered pretty close results over the past 10 years, with IWQU.L having a 12.75% annualized return and SGLP.L not far behind at 12.42%.
IWQU.L
- 1D
- 1.73%
- 1M
- 1.38%
- YTD
- 8.72%
- 6M
- 9.99%
- 1Y
- 21.34%
- 3Y*
- 17.83%
- 5Y*
- 10.27%
- 10Y*
- 12.75%
SGLP.L
- 1D
- 2.69%
- 1M
- -9.63%
- YTD
- -2.23%
- 6M
- -1.73%
- 1Y
- 23.21%
- 3Y*
- 29.23%
- 5Y*
- 17.41%
- 10Y*
- 12.42%
IWQU.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWQU.L iShares MSCI World Quality Factor UCITS | 8.72% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 14.95% | 29.64% | -7.53% | 23.57% |
SGLP.L Invesco Physical Gold A | -2.23% | 65.19% | 26.00% | 12.92% | -0.12% | -3.76% | 23.67% | 19.25% | -1.60% | 11.32% |
Correlation
The correlation between IWQU.L and SGLP.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.03 |
Over the past year, IWQU.L and SGLP.L have become more correlated (0.32) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
IWQU.L vs. SGLP.L — Risk / Return Rank
IWQU.L
SGLP.L
IWQU.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.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.
| IWQU.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.05 | +1.34 |
| Martin ratioReturn relative to average drawdown | 9.90 | 3.19 | +6.72 |
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Drawdowns
IWQU.L vs. SGLP.L - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, smaller than the maximum SGLP.L drawdown of -66.38%. Use the drawdown chart below to compare losses from any high point for IWQU.L and SGLP.L.
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Drawdown Indicators
| IWQU.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -66.38% | +33.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -22.75% | +14.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -22.75% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -22.75% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -22.75% | -10.30% |
Current DrawdownCurrent decline from peak | 0.00% | -20.68% | +20.68% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -39.76% | +35.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 7.49% | -5.43% |
Volatility
IWQU.L vs. SGLP.L - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWQU.L) is 3.28%, while Invesco Physical Gold A (SGLP.L) has a volatility of 7.18%. This indicates that IWQU.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
| IWQU.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 7.18% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 21.60% | -12.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 24.75% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 22.64% | -7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 18.77% | -3.01% |
IWQU.L vs. SGLP.L - Expense Ratio Comparison
IWQU.L has a 0.30% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Dividends
IWQU.L vs. SGLP.L - Dividend Comparison
Neither IWQU.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
IWQU.L and SGLP.L have a correlation of 0.32, 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 0.30% for IWQU.L.
IWQU.L is categorized as Global Equities, while SGLP.L is Gold. IWQU.L tracks MSCI ACWI NR USD, while SGLP.L tracks Gold. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IWQU.L and 0.12% for SGLP.L.
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