KCN.AX vs. SGOL

Last updated Jun 4, 2026

KCN.AX (Kingsgate Consolidated Limited) is a stock, while SGOL (abrdn Physical Gold Shares ETF) is Precious Metals fund tracking the LBMA Gold Price PM ($/ozt). Over the past 10 years, KCN.AX returned 29.74%/yr vs 13.69%/yr for SGOL. At a correlation of -0.00, they often move in opposite directions.

Performance

KCN.AX vs. SGOL - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Kingsgate Consolidated Limited (KCN.AX) and abrdn Physical Gold Shares ETF (SGOL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KCN.AX is traded in AUD, while SGOL is traded in USD. To make them comparable, the SGOL values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KCN.AX achieves a -1.59% return, which is significantly higher than SGOL's -3.61% return. Over the past 10 years, KCN.AX has outperformed SGOL with an annualized return of 29.74%, while SGOL has yielded a comparatively lower 13.69% annualized return.

KCN.AX

• 1D: -9.02%
• 1M: -10.80%
• YTD: -1.59%
• 6M: 16.89%
• 1Y: 160.12%
• 3Y*: 62.55%
• 5Y*: 44.48%
• 10Y*: 29.74%

SGOL

• 1D: -0.52%
• 1M: -1.14%
• YTD: -3.61%
• 6M: -2.30%
• 1Y: 19.96%
• 3Y*: 28.07%
• 5Y*: 20.37%
• 10Y*: 13.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KCN.AX vs. SGOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KCN.AX Kingsgate Consolidated Limited	-1.59%	338.13%	-6.55%	-20.29%	-11.08%	112.02%	117.86%	162.50%	-60.00%	40.35%
SGOL abrdn Physical Gold Shares ETF	-3.61%	52.08%	39.67%	13.08%	6.06%	1.69%	14.05%	18.76%	8.57%	4.26%

Correlation

The correlation between KCN.AX and SGOL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009	-0.00

The correlation between KCN.AX and SGOL shifts across timeframes, from -0.00 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

KCN.AX vs. SGOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KCN.AX

KCN.AX Risk / Return Rank: 87
KCN.AX Sharpe Ratio Rank: 91
KCN.AX Sortino Ratio Rank: 84
KCN.AX Omega Ratio Rank: 85
KCN.AX Calmar Ratio Rank: 86
KCN.AX Martin Ratio Rank: 90

SGOL

SGOL Risk / Return Rank: 32
SGOL Sharpe Ratio Rank: 33
SGOL Sortino Ratio Rank: 29
SGOL Omega Ratio Rank: 36
SGOL Calmar Ratio Rank: 34
SGOL Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KCN.AX vs. SGOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsgate Consolidated Limited (KCN.AX) and abrdn Physical Gold Shares ETF (SGOL). 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.

	KCN.AX	SGOL	Difference
Sharpe ratio: Return per unit of total volatility	2.36	0.84	+1.52
Sortino ratio: Return per unit of downside risk	2.62	1.19	+1.43
Omega ratio: Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio: Return relative to maximum drawdown	3.67	1.06	+2.61
Martin ratio: Return relative to average drawdown	12.46	2.48	+9.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KCN.AX vs. SGOL - Sharpe Ratio Comparison

The current KCN.AX Sharpe Ratio is 2.36, which is higher than the SGOL Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of KCN.AX and SGOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KCN.AX	SGOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	0.84	+1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.26	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.92	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.64	-0.50

Drawdowns

KCN.AX vs. SGOL - Drawdown Comparison

The maximum KCN.AX drawdown since its inception was -98.66%, which is greater than SGOL's maximum drawdown of -29.64%. Use the drawdown chart below to compare losses from any high point for KCN.AX and SGOL.

Drawdown Indicators

	KCN.AX	SGOL	Difference
Max Drawdown Largest peak-to-trough decline	-98.66%	-29.64%	-69.02%
Max Drawdown (1Y) Largest decline over 1 year	-43.14%	-18.93%	-24.21%
Max Drawdown (3Y) Largest decline over 3 years	-43.14%	-18.93%	-24.21%
Max Drawdown (5Y) Largest decline over 5 years	-53.93%	-18.93%	-35.00%
Max Drawdown (10Y) Largest decline over 10 years	-70.71%	-23.06%	-47.65%
Current Drawdown Current decline from peak	-48.71%	-18.64%	-30.07%
Average Drawdown Average peak-to-trough decline	-56.18%	-9.99%	-46.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.74%	8.05%	+4.69%

Volatility

KCN.AX vs. SGOL - Volatility Comparison

Kingsgate Consolidated Limited (KCN.AX) has a higher volatility of 24.01% compared to abrdn Physical Gold Shares ETF (SGOL) at 4.31%. This indicates that KCN.AX's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCN.AX	SGOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.01%	4.31%	+19.70%
Volatility (6M) Calculated over the trailing 6-month period	53.48%	20.18%	+33.30%
Volatility (1Y) Calculated over the trailing 1-year period	67.01%	23.87%	+43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.90%	16.19%	+47.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.08%	14.86%	+48.22%

Dividends

KCN.AX vs. SGOL - Dividend Comparison

KCN.AX's dividend yield for the trailing twelve months is around 1.83%, while SGOL has not paid dividends to shareholders.

Position	TTM
KCN.AX Kingsgate Consolidated Limited	1.83%
SGOL abrdn Physical Gold Shares ETF	0.00%

Frequently Asked Questions

Can I hold both KCN.AX and SGOL in my portfolio?

KCN.AX and SGOL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.