MOAT vs. SGLN.L
MOAT (VanEck Morningstar Wide Moat ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, MOAT returned 13.34%/yr vs 13.13%/yr for SGLN.L. At a 0.05 correlation, their price movements are largely independent. MOAT charges 0.47%/yr vs 0.12%/yr for SGLN.L.
Performance
MOAT vs. SGLN.L - Performance Comparison
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Different Trading Currencies
MOAT 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, MOAT achieves a -1.46% return, which is significantly lower than SGLN.L's 0.50% return. Both investments have delivered pretty close results over the past 10 years, with MOAT having a 13.34% annualized return and SGLN.L not far behind at 13.13%.
MOAT
- 1D
- -1.39%
- 1M
- 0.51%
- YTD
- -1.46%
- 6M
- -1.67%
- 1Y
- 13.48%
- 3Y*
- 11.01%
- 5Y*
- 7.89%
- 10Y*
- 13.34%
SGLN.L
- 1D
- -3.03%
- 1M
- -7.99%
- YTD
- 0.50%
- 6M
- 2.73%
- 1Y
- 29.88%
- 3Y*
- 30.03%
- 5Y*
- 17.89%
- 10Y*
- 13.13%
MOAT vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | -1.46% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
SGLN.L iShares Physical Gold ETC | 0.50% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between MOAT and SGLN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.05 |
The correlation between MOAT and SGLN.L shifts across timeframes, from 0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MOAT vs. SGLN.L — Risk / Return Rank
MOAT
SGLN.L
MOAT vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) 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.
| MOAT | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.57 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.66 | 4.20 | -0.54 |
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
| MOAT | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.19 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.79 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.70 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.18 | +0.59 |
Drawdowns
MOAT vs. SGLN.L - Drawdown Comparison
The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for MOAT and SGLN.L.
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Drawdown Indicators
| MOAT | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -56.74% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -18.44% | +6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -19.67% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.96% | -21.27% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | -21.27% | -12.04% |
Current DrawdownCurrent decline from peak | -5.22% | -18.44% | +13.22% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -33.03% | +29.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 6.93% | -2.93% |
Volatility
MOAT vs. SGLN.L - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat ETF (MOAT) is 4.05%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.73%. This indicates that MOAT 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
| MOAT | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.73% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 21.25% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 24.46% | -10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 22.62% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 18.77% | -0.08% |
MOAT vs. SGLN.L - Expense Ratio Comparison
MOAT has a 0.47% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
MOAT vs. SGLN.L - Dividend Comparison
MOAT's dividend yield for the trailing twelve months is around 1.38%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | 1.38% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
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% | 0.00% |
Frequently Asked Questions
MOAT and SGLN.L have a correlation of 0.20, 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 0.47% for MOAT.
MOAT is categorized as Large Cap Blend Equities, while SGLN.L is Gold. MOAT tracks Morningstar Wide Moat Focus Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.47% for MOAT and 0.12% for SGLN.L.
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