PE500.PA vs. SGLN.L
PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, PE500.PA returned 14.03%/yr vs 18.48%/yr for SGLN.L. At a correlation of -0.02, they often move in opposite directions. PE500.PA charges 0.25%/yr vs 0.12%/yr for SGLN.L.
Performance
PE500.PA vs. SGLN.L - Performance Comparison
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Different Trading Currencies
PE500.PA is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PE500.PA achieves a 10.24% return, which is significantly higher than SGLN.L's -0.78% return.
PE500.PA
- 1D
- 1.85%
- 1M
- 0.51%
- YTD
- 10.24%
- 6M
- 11.53%
- 1Y
- 27.93%
- 3Y*
- 17.56%
- 5Y*
- 14.03%
- 10Y*
- —
SGLN.L
- 1D
- 2.82%
- 1M
- -9.12%
- YTD
- -0.78%
- 6M
- -0.22%
- 1Y
- 24.14%
- 3Y*
- 26.25%
- 5Y*
- 18.48%
- 10Y*
- 12.07%
PE500.PA vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR | 10.24% | 3.88% | 32.76% | 21.96% | -14.19% | 40.52% | 7.92% | 10.68% |
SGLN.L iShares Physical Gold ETC | -0.78% | 45.64% | 34.39% | 9.51% | 6.07% | 3.50% | 13.41% | 19.46% |
Correlation
The correlation between PE500.PA and SGLN.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019 | -0.02 |
The correlation between PE500.PA and SGLN.L shifts across timeframes, from -0.02 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PE500.PA vs. SGLN.L — Risk / Return Rank
PE500.PA
SGLN.L
PE500.PA vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) 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.
| PE500.PA | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.09 | +2.52 |
| Martin ratioReturn relative to average drawdown | 13.92 | 3.30 | +10.62 |
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Drawdowns
PE500.PA vs. SGLN.L - Drawdown Comparison
The maximum PE500.PA drawdown since its inception was -33.60%, smaller than the maximum SGLN.L drawdown of -47.83%. Use the drawdown chart below to compare losses from any high point for PE500.PA and SGLN.L.
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Drawdown Indicators
| PE500.PA | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -47.83% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -22.06% | +14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -22.06% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -22.06% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.06% | — |
Current DrawdownCurrent decline from peak | -0.54% | -19.86% | +19.32% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -22.39% | +17.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 7.25% | -5.29% |
Volatility
PE500.PA vs. SGLN.L - Volatility Comparison
The current volatility for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) is 3.07%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.60%. This indicates that PE500.PA 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
| PE500.PA | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 6.60% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 20.87% | -12.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 23.81% | -12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 21.94% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 18.08% | -1.13% |
PE500.PA vs. SGLN.L - Expense Ratio Comparison
PE500.PA has a 0.25% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PE500.PA vs. SGLN.L - Dividend Comparison
Neither PE500.PA nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
PE500.PA and SGLN.L have a correlation of 0.18, 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 0.25% for PE500.PA.
PE500.PA is categorized as S&P 500, while SGLN.L is Gold. PE500.PA tracks S&P 500 ESG+ Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for PE500.PA and 0.12% for SGLN.L.
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