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

OXLC vs. SGLN.L

Last updated Jun 13, 2026

OXLC (Oxford Lane Capital Corp.) is a stock, while SGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, OXLC returned 3.38%/yr vs 12.43%/yr for SGLN.L. At a 0.05 correlation, their price movements are largely independent.

Performance

OXLC vs. SGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oxford Lane Capital Corp. (OXLC) 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

OXLC 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, OXLC achieves a -27.84% return, which is significantly lower than SGLN.L's -2.28% return. Over the past 10 years, OXLC has underperformed SGLN.L with an annualized return of 3.38%, while SGLN.L has yielded a comparatively higher 12.43% annualized return.

OXLC

1D
-1.41%
1M
-8.51%
YTD
-27.84%
6M
-21.18%
1Y
-42.28%
3Y*
-9.70%
5Y*
-7.86%
10Y*
3.38%

SGLN.L

1D
2.73%
1M
-10.26%
YTD
-2.28%
6M
-1.68%
1Y
23.92%
3Y*
29.22%
5Y*
17.40%
10Y*
12.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OXLC vs. SGLN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OXLC
Oxford Lane Capital Corp.		-27.84%-24.38%24.58%16.52%-24.15%59.91%-15.79%-0.98%12.86%13.47%
SGLN.L
iShares Physical Gold ETC		-2.28%65.25%26.06%12.89%-0.12%-3.71%23.60%19.23%-1.55%11.36%

Correlation

The correlation between OXLC and SGLN.L is 0.06, 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

0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2011

0.05

Compare stocks, funds, or ETFs

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

Oxford Lane Capital Corp.

iShares Physical Gold ETC

Often compared with OXLC:
OXLC vs. OXSQOXLC vs. ECCOXLC vs. ORCOXLC vs. PDIOXLC vs. ECCCOXLC vs. SPYOXLC vs. REPX
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

OXLC vs. SGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OXLC
OXLC Risk / Return Rank: 66
Overall Rank
OXLC Sharpe Ratio Rank: 22
Sharpe Ratio Rank
OXLC Sortino Ratio Rank: 44
Sortino Ratio Rank
OXLC Omega Ratio Rank: 44
Omega Ratio Rank
OXLC Calmar Ratio Rank: 1111
Calmar Ratio Rank
OXLC Martin Ratio Rank: 77
Martin Ratio Rank
SGLN.L
SGLN.L Risk / Return Rank: 3232
Overall Rank
SGLN.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
SGLN.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
SGLN.L Omega Ratio Rank: 3838
Omega Ratio Rank
SGLN.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
SGLN.L Martin Ratio Rank: 2828
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.

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

This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

OXLCSGLN.LDifference
Sharpe ratioReturn per unit of total volatility
-1.23
0.96

-2.19

Sortino ratioReturn per unit of downside risk
-1.73
1.35

-3.09

Omega ratioGain probability vs. loss probability

0.77

1.19

-0.42

Calmar ratioReturn relative to maximum drawdown

-0.81

1.04

-1.86

Martin ratioReturn relative to average drawdown

-1.47

3.17

-4.64

OXLC vs. SGLN.L - Sharpe Ratio Comparison

The current OXLC Sharpe Ratio is -1.23, which is lower than the SGLN.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of OXLC 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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Drawdowns

OXLC vs. SGLN.L - Drawdown Comparison

The maximum OXLC drawdown since its inception was -74.58%, which is greater than SGLN.L's maximum drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for OXLC and SGLN.L.

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Drawdown Indicators

OXLCSGLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-74.58%

-56.74%

-17.84%

Max Drawdown (1Y)

Largest decline over 1 year

-52.18%

-22.81%

-29.37%

Max Drawdown (3Y)

Largest decline over 3 years

-57.17%

-22.81%

-34.36%

Max Drawdown (5Y)

Largest decline over 5 years

-57.17%

-22.81%

-34.36%

Max Drawdown (10Y)

Largest decline over 10 years

-74.58%

-22.81%

-51.77%

Current Drawdown

Current decline from peak

-48.31%

-20.70%

-27.61%

Average Drawdown

Average peak-to-trough decline

-14.02%

-33.01%

+18.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

28.82%

7.51%

+21.31%

Volatility

OXLC vs. SGLN.L - Volatility Comparison

The current volatility for Oxford Lane Capital Corp. (OXLC) is 5.90%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 7.17%. This indicates that OXLC 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

OXLCSGLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.90%

7.17%

-1.27%

Volatility (6M)

Calculated over the trailing 6-month period

27.68%

21.74%

+5.94%

Volatility (1Y)

Calculated over the trailing 1-year period

34.41%

24.90%

+9.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.92%

22.72%

+3.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.48%

18.82%

+23.66%

Dividends

OXLC vs. SGLN.L - Dividend Comparison

OXLC's dividend yield for the trailing twelve months is around 50.72%, while SGLN.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
OXLC
Oxford Lane Capital Corp.		50.72%35.86%20.12%18.83%17.75%10.51%22.46%19.85%16.70%17.91%22.84%24.10%
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

OXLC and SGLN.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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