MAGG.L vs. SGLN.L
MAGG.L (BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - MAGG.L is a Diversified Portfolio fund tracking the Morningstar UK Mod Adv Tgt Alloc NR GBP, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, MAGG.L returned 9.03%/yr vs 20.12%/yr for SGLN.L. At a correlation of -0.01, they often move in opposite directions. MAGG.L charges 0.25%/yr vs 0.12%/yr for SGLN.L.
Performance
MAGG.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
MAGG.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, MAGG.L achieves a 12.91% return, which is significantly higher than SGLN.L's 3.89% return.
MAGG.L
- 1D
- -0.08%
- 1M
- 5.44%
- YTD
- 12.91%
- 6M
- 14.15%
- 1Y
- 26.97%
- 3Y*
- 16.76%
- 5Y*
- 9.03%
- 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%
MAGG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MAGG.L BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) | 12.91% | 10.89% | 19.68% | 12.90% | -17.33% | 18.23% | 6.63% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | -8.32% |
Correlation
The correlation between MAGG.L and SGLN.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | -0.01 |
The correlation between MAGG.L and SGLN.L shifts across timeframes, from -0.02 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAGG.L vs. SGLN.L — Risk / Return Rank
MAGG.L
SGLN.L
MAGG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.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.
| MAGG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.91 | +1.73 |
| Martin ratioReturn relative to average drawdown | 15.82 | 5.05 | +10.77 |
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
| MAGG.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 1.45 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.23 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.55 | +0.32 |
Drawdowns
MAGG.L vs. SGLN.L - Drawdown Comparison
The maximum MAGG.L drawdown since its inception was -21.07%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for MAGG.L and SGLN.L.
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Drawdown Indicators
| MAGG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -41.71% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -17.57% | +10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.71% | -17.57% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -17.57% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -0.78% | -16.01% | +15.23% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -14.76% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 6.67% | -4.97% |
Volatility
MAGG.L vs. SGLN.L - Volatility Comparison
The current volatility for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) is 3.58%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that MAGG.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.
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Volatility by Period
| MAGG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 5.08% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 20.08% | -12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 23.19% | -12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 16.30% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.05% | 15.78% | -3.73% |
MAGG.L vs. SGLN.L - Expense Ratio Comparison
MAGG.L has a 0.25% 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
MAGG.L vs. SGLN.L - Dividend Comparison
Neither MAGG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
MAGG.L and SGLN.L have a correlation of 0.13, 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 0.25% for MAGG.L.
MAGG.L is categorized as Diversified Portfolio, while SGLN.L is Gold. MAGG.L tracks Morningstar UK Mod Adv Tgt Alloc NR GBP, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.25% for MAGG.L and 0.12% for SGLN.L.
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