LQDS.L vs. SGLN.L
LQDS.L (iShares USD Corporate Bond UCITS ETF (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - LQDS.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, LQDS.L returned 1.06%/yr vs 20.12%/yr for SGLN.L. At a 0.34 correlation, their price movements are largely independent. LQDS.L charges 0.20%/yr vs 0.12%/yr for SGLN.L.
Performance
LQDS.L vs. SGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQDS.L achieves a 0.31% return, which is significantly lower than SGLN.L's 3.89% return.
LQDS.L
- 1D
- 0.29%
- 1M
- 1.35%
- YTD
- 0.31%
- 6M
- -0.20%
- 1Y
- 6.56%
- 3Y*
- 2.28%
- 5Y*
- 1.06%
- 10Y*
- —
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%
LQDS.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.31% | 0.56% | 2.80% | 3.05% | -7.97% | -0.39% | 6.90% | 14.25% | 1.50% | -2.69% |
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 LQDS.L and SGLN.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2016 | 0.34 |
The correlation between LQDS.L and SGLN.L shifts across timeframes, from -0.03 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDS.L vs. SGLN.L — Risk / Return Rank
LQDS.L
SGLN.L
LQDS.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.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.
| LQDS.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.91 | -0.58 |
| Martin ratioReturn relative to average drawdown | 3.22 | 5.05 | -1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQDS.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.45 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.23 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.55 | -0.32 |
Drawdowns
LQDS.L vs. SGLN.L - Drawdown Comparison
The maximum LQDS.L drawdown since its inception was -19.03%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for LQDS.L and SGLN.L.
Loading charts...
Drawdown Indicators
| LQDS.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -41.71% | +22.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -17.57% | +12.67% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -17.57% | +8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | -17.57% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -8.43% | -16.01% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -14.76% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 6.67% | -4.64% |
Volatility
LQDS.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) is 1.71%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that LQDS.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDS.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 5.08% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 20.08% | -15.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 23.19% | -16.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.43% | 16.30% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 15.78% | -5.68% |
LQDS.L vs. SGLN.L - Expense Ratio Comparison
LQDS.L has a 0.20% 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
LQDS.L vs. SGLN.L - Dividend Comparison
LQDS.L's dividend yield for the trailing twelve months is around 4.93%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.93% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% |
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% |
Frequently Asked Questions
LQDS.L and SGLN.L have a correlation of -0.03, 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 0.20% for LQDS.L.
LQDS.L is categorized as Corporate Bonds, while SGLN.L is Gold. LQDS.L tracks Bloomberg US Corp Bond TR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.20% for LQDS.L and 0.12% for SGLN.L.
Find the right allocation for LQDS.L and SGLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer