JPM vs. SGLN.L
JPM (JPMorgan Chase & Co.) is a stock, while SGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, JPM returned 20.32%/yr vs 12.93%/yr for SGLN.L. At a correlation of -0.04, they often move in opposite directions.
Performance
JPM vs. SGLN.L - Performance Comparison
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Different Trading Currencies
JPM is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPM achieves a -2.52% return, which is significantly lower than SGLN.L's 0.50% return. Over the past 10 years, JPM has outperformed SGLN.L with an annualized return of 20.32%, while SGLN.L has yielded a comparatively lower 12.93% annualized return.
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
SGLN.L
- 1D
- 0.00%
- 1M
- -7.99%
- YTD
- 0.50%
- 6M
- 3.21%
- 1Y
- 29.88%
- 3Y*
- 30.09%
- 5Y*
- 17.90%
- 10Y*
- 12.93%
JPM vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
SGLN.L iShares Physical Gold ETC | 0.49% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between JPM and SGLN.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | -0.04 |
The correlation between JPM and SGLN.L shifts across timeframes, from -0.06 (10 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPM vs. SGLN.L — Risk / Return Rank
JPM
SGLN.L
JPM vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) 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.
| JPM | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.61 | -0.36 |
| Martin ratioReturn relative to average drawdown | 2.98 | 4.24 | -1.26 |
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
| JPM | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.22 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.79 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.69 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.18 | +0.16 |
Drawdowns
JPM vs. SGLN.L - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than SGLN.L's maximum drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for JPM and SGLN.L.
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Drawdown Indicators
| JPM | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -56.74% | -19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -18.44% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -19.67% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -21.27% | -17.50% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -21.27% | -22.36% |
Current DrawdownCurrent decline from peak | -6.55% | -18.44% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -33.03% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 7.02% | -0.52% |
Volatility
JPM vs. SGLN.L - Volatility Comparison
JPMorgan Chase & Co. (JPM) has a higher volatility of 6.40% compared to iShares Physical Gold ETC (SGLN.L) at 5.64%. This indicates that JPM'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
| JPM | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 5.64% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 21.23% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 24.49% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 22.63% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 18.77% | +8.63% |
Dividends
JPM vs. SGLN.L - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.90%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.90% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
SGLN.L iShares Physical Gold ETC | 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
JPM and SGLN.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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