JEDG.L vs. SGLN.L
JEDG.L (VanEck Space Innovators UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, JEDG.L returned 60.72%/yr vs 26.65%/yr for SGLN.L. At a 0.08 correlation, their price movements are largely independent. JEDG.L charges 0.55%/yr vs 0.12%/yr for SGLN.L.
Performance
JEDG.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
JEDG.L is traded in GBP, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEDG.L achieves a 60.50% return, which is significantly higher than SGLN.L's -1.83% return.
JEDG.L
- 1D
- 0.00%
- 1M
- -3.39%
- YTD
- 60.50%
- 6M
- 65.03%
- 1Y
- 168.29%
- 3Y*
- 60.72%
- 5Y*
- —
- 10Y*
- —
SGLN.L
- 1D
- 2.90%
- 1M
- -7.78%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
JEDG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 60.50% | 80.38% | 46.13% | 6.44% | -11.57% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 1.03% |
Correlation
The correlation between JEDG.L and SGLN.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.08 |
The correlation between JEDG.L and SGLN.L shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JEDG.L vs. SGLN.L — Risk / Return Rank
JEDG.L
SGLN.L
JEDG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.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.
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.
| JEDG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 1.13 | +5.56 |
| Martin ratioReturn relative to average drawdown | 22.14 | 3.51 | +18.63 |
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Drawdowns
JEDG.L vs. SGLN.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for JEDG.L and SGLN.L.
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Drawdown Indicators
| JEDG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -53.23% | +26.43% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -22.87% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -22.87% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.87% | — |
Current DrawdownCurrent decline from peak | -20.98% | -20.64% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -24.70% | +15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.68% | 7.37% | +0.31% |
Volatility
JEDG.L vs. SGLN.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 20.29% compared to iShares Physical Gold ETC (SGLN.L) at 6.68%. This indicates that JEDG.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
| JEDG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.29% | 6.68% | +13.61% |
Volatility (6M)Calculated over the trailing 6-month period | 35.99% | 20.78% | +15.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.62% | 23.82% | +21.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.51% | 21.84% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.51% | 18.84% | +14.67% |
JEDG.L vs. SGLN.L - Expense Ratio Comparison
JEDG.L has a 0.55% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
JEDG.L vs. SGLN.L - Dividend Comparison
Neither JEDG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
JEDG.L and SGLN.L have a correlation of 0.23, 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 0.55% for JEDG.L.
JEDG.L is categorized as Industrials Equities, while SGLN.L is Gold. JEDG.L tracks MSCI World/Materials NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for JEDG.L and 0.12% for SGLN.L.
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