MINV.L vs. SGLN.L
MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, MINV.L returned 7.86%/yr vs 14.27%/yr for SGLN.L. At a 0.17 correlation, their price movements are largely independent. MINV.L charges 0.35%/yr vs 0.12%/yr for SGLN.L.
Performance
MINV.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, MINV.L achieves a 1.01% return, which is significantly lower than SGLN.L's 3.89% return. Over the past 10 years, MINV.L has underperformed SGLN.L with an annualized return of 7.86%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
MINV.L
- 1D
- 0.15%
- 1M
- 1.83%
- YTD
- 1.01%
- 6M
- 0.93%
- 1Y
- 2.57%
- 3Y*
- 6.54%
- 5Y*
- 6.32%
- 10Y*
- 7.86%
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%
MINV.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 1.01% | 3.37% | 12.86% | 1.50% | 1.23% | 15.98% | -1.05% | 18.84% | 3.17% | 7.00% |
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 MINV.L and SGLN.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2012 | 0.17 |
The correlation between MINV.L and SGLN.L shifts across timeframes, from -0.02 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MINV.L vs. SGLN.L — Risk / Return Rank
MINV.L
SGLN.L
MINV.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.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.
| MINV.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.91 | -1.51 |
| Martin ratioReturn relative to average drawdown | 1.10 | 5.05 | -3.95 |
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
| MINV.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.45 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.23 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.90 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.55 | +0.28 |
Drawdowns
MINV.L vs. SGLN.L - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for MINV.L and SGLN.L.
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Drawdown Indicators
| MINV.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.38% | -41.71% | +21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -17.57% | +11.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -17.57% | +9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -10.23% | -17.57% | +7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -20.38% | -21.91% | +1.53% |
Current DrawdownCurrent decline from peak | -3.60% | -16.01% | +12.41% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -14.76% | +11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 6.67% | -4.34% |
Volatility
MINV.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that MINV.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
| MINV.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.08% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 20.08% | -14.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 23.19% | -15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 16.30% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.85% | 15.78% | -3.93% |
MINV.L vs. SGLN.L - Expense Ratio Comparison
MINV.L has a 0.35% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
MINV.L vs. SGLN.L - Dividend Comparison
Neither MINV.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
MINV.L and SGLN.L have a correlation of -0.02, 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 0.35% for MINV.L.
MINV.L is categorized as Global Equities, while SGLN.L is Gold. MINV.L tracks MSCI ACWI NR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.35% for MINV.L and 0.12% for SGLN.L.
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