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MLPD vs. SGLN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPD vs. SGLN.L

Last updated Jun 4, 2026

MLPD (Global X MLP & Energy Infrastructure Covered Call ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - MLPD is a Derivative Income fund tracking the Cboe MLPX ATM BuyWrite Index, while SGLN.L is a Precious Metals fund tracking the LBMA Gold Price. Both are passively managed. Over the past year, MLPD returned 15.24% vs 32.35% for SGLN.L. At a 0.08 correlation, their price movements are largely independent.

Performance

MLPD vs. SGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) and iShares Physical Gold ETC (SGLN.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MLPD 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, MLPD achieves a 5.20% return, which is significantly higher than SGLN.L's 2.93% return.

MLPD

1D
0.22%
1M
-0.32%
YTD
5.20%
6M
6.70%
1Y
15.24%
3Y*
—
5Y*
—
10Y*
—

SGLN.L

1D
-1.41%
1M
-3.91%
YTD
2.93%
6M
4.91%
1Y
32.35%
3Y*
31.17%
5Y*
18.69%
10Y*
13.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MLPD vs. SGLN.L - Yearly Performance Comparison

2026 (YTD)20252024
MLPD
Global X MLP & Energy Infrastructure Covered Call ETF		5.20%11.77%9.42%
SGLN.L
iShares Physical Gold ETC		2.93%65.25%12.29%

Correlation

The correlation between MLPD and SGLN.L is 0.01, 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

0.01

Correlation (All Time)
Calculated using the full available price history since May 9, 2024

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MLP & Energy Infrastructure Covered Call ETF

iShares Physical Gold ETC

Often compared with MLPD:
MLPD vs. MLPIMLPD vs. JEPIMLPD vs. MLPXMLPD vs. BSMVMLPD vs. IYRIMLPD vs. HYTIMLPD vs. EFAS
Often compared with SGLN.L:
SGLN.L vs. IGLN.LSGLN.L vs. GLDSGLN.L vs. IAUSGLN.L vs. SGLS.LSGLN.L vs. GLDW.LSGLN.L vs. GBSP.LSGLN.L vs. PHGP.L

Return for Risk

MLPD vs. SGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MLPD
MLPD Risk / Return Rank: 6262
Overall Rank
MLPD Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
MLPD Sortino Ratio Rank: 5959
Sortino Ratio Rank
MLPD Omega Ratio Rank: 6464
Omega Ratio Rank
MLPD Calmar Ratio Rank: 6464
Calmar Ratio Rank
MLPD Martin Ratio Rank: 5959
Martin Ratio Rank
SGLN.L
SGLN.L Risk / Return Rank: 3737
Overall Rank
SGLN.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SGLN.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
SGLN.L Omega Ratio Rank: 4343
Omega Ratio Rank
SGLN.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SGLN.L Martin Ratio Rank: 3333
Martin Ratio Rank
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.

MLPD vs. SGLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) 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.

MLPDSGLN.LDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.33

+0.75

Sortino ratioReturn per unit of downside risk
2.78
1.77

+1.01

Omega ratioGain probability vs. loss probability

1.39

1.25

+0.14

Calmar ratioReturn relative to maximum drawdown

3.19

1.84

+1.35

Martin ratioReturn relative to average drawdown

10.41

4.78

+5.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLPD vs. SGLN.L - Sharpe Ratio Comparison

The current MLPD Sharpe Ratio is 2.08, which is higher than the SGLN.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MLPD and SGLN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MLPDSGLN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

1.33

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.07

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.15

0.46

+0.69

Drawdowns

MLPD vs. SGLN.L - Drawdown Comparison

The maximum MLPD drawdown since its inception was -12.90%, smaller than the maximum SGLN.L drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for MLPD and SGLN.L.

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Drawdown Indicators

MLPDSGLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-12.90%

-45.21%

+32.31%

Max Drawdown (1Y)

Largest decline over 1 year

-4.80%

-17.50%

+12.70%

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.50%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.27%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.27%

—

Current Drawdown

Current decline from peak

-1.77%

-16.47%

+14.70%

Average Drawdown

Average peak-to-trough decline

-1.12%

-19.80%

+18.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.47%

6.75%

-5.28%

Volatility

MLPD vs. SGLN.L - Volatility Comparison

The current volatility for Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is 2.91%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.66%. This indicates that MLPD 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

MLPDSGLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

5.66%

-2.75%

Volatility (6M)

Calculated over the trailing 6-month period

5.32%

21.01%

-15.69%

Volatility (1Y)

Calculated over the trailing 1-year period

7.40%

24.25%

-16.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.40%

17.51%

-6.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.40%

15.86%

-4.46%

Dividends

MLPD vs. SGLN.L - Dividend Comparison

MLPD's dividend yield for the trailing twelve months is around 13.44%, while SGLN.L has not paid dividends to shareholders.

PositionTTM20252024
MLPD
Global X MLP & Energy Infrastructure Covered Call ETF		13.44%13.45%6.68%
SGLN.L
iShares Physical Gold ETC		0.00%0.00%0.00%

Frequently Asked Questions

MLPD and SGLN.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MLPD is categorized as Derivative Income, while SGLN.L is Precious Metals. MLPD tracks Cboe MLPX ATM BuyWrite Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Global X and iShares.

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