MLPQ.L vs. SGLP.L
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and Invesco Physical Gold A (SGLP.L).
MLPQ.L and SGLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both MLPQ.L and SGLP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLPQ.L vs. SGLP.L - Performance Comparison
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MLPQ.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPQ.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 15.58% | -4.55% | 24.63% | 12.94% | 47.46% | 38.65% | -33.55% | 3.85% | -9.99% | -16.88% |
SGLP.L Invesco Physical Gold A | 12.04% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Returns By Period
In the year-to-date period, MLPQ.L achieves a 15.58% return, which is significantly higher than SGLP.L's 12.04% return. Over the past 10 years, MLPQ.L has underperformed SGLP.L with an annualized return of 10.23%, while SGLP.L has yielded a comparatively higher 15.21% annualized return.
MLPQ.L
- 1D
- -4.01%
- 1M
- -1.26%
- YTD
- 15.58%
- 6M
- 15.47%
- 1Y
- 2.50%
- 3Y*
- 15.47%
- 5Y*
- 21.41%
- 10Y*
- 10.23%
SGLP.L
- 1D
- 2.56%
- 1M
- -9.45%
- YTD
- 12.04%
- 6M
- 25.07%
- 1Y
- 48.15%
- 3Y*
- 30.74%
- 5Y*
- 23.33%
- 10Y*
- 15.21%
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MLPQ.L vs. SGLP.L - Expense Ratio Comparison
MLPQ.L has a 0.50% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Return for Risk
MLPQ.L vs. SGLP.L — Risk / Return Rank
MLPQ.L
SGLP.L
MLPQ.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and Invesco Physical Gold A (SGLP.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.
| MLPQ.L | SGLP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 1.98 | -1.85 |
Sortino ratioReturn per unit of downside risk | 0.29 | 2.44 | -2.15 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.72 | -2.56 |
Martin ratioReturn relative to average drawdown | 0.34 | 11.49 | -11.14 |
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
| MLPQ.L | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.98 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.46 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.97 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.58 | -0.39 |
Correlation
The correlation between MLPQ.L and SGLP.L is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MLPQ.L vs. SGLP.L - Dividend Comparison
Neither MLPQ.L nor SGLP.L has paid dividends to shareholders.
Drawdowns
MLPQ.L vs. SGLP.L - Drawdown Comparison
The maximum MLPQ.L drawdown since its inception was -75.62%, which is greater than SGLP.L's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for MLPQ.L and SGLP.L.
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Drawdown Indicators
| MLPQ.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.62% | -38.83% | -36.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -17.89% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -17.89% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | -22.34% | -51.73% |
Current DrawdownCurrent decline from peak | -4.80% | -9.45% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -20.24% | -13.37% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.24% | +1.94% |
Volatility
MLPQ.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) is 5.99%, while Invesco Physical Gold A (SGLP.L) has a volatility of 11.72%. This indicates that MLPQ.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPQ.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 11.72% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 21.06% | -10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 24.21% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 15.99% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 15.70% | +12.22% |