QUAL vs. SGLP.L
QUAL (iShares MSCI USA Quality Factor ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, QUAL returned 14.46%/yr vs 12.42%/yr for SGLP.L. At a 0.04 correlation, their price movements are largely independent. QUAL charges 0.15%/yr vs 0.12%/yr for SGLP.L.
Performance
QUAL vs. SGLP.L - Performance Comparison
Loading charts...
Different Trading Currencies
QUAL is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QUAL achieves a 9.44% return, which is significantly higher than SGLP.L's -2.23% return. Over the past 10 years, QUAL has outperformed SGLP.L with an annualized return of 14.46%, while SGLP.L has yielded a comparatively lower 12.42% annualized return.
QUAL
- 1D
- 0.47%
- 1M
- 2.14%
- YTD
- 9.44%
- 6M
- 9.29%
- 1Y
- 22.87%
- 3Y*
- 19.30%
- 5Y*
- 11.97%
- 10Y*
- 14.46%
SGLP.L
- 1D
- 2.69%
- 1M
- -9.63%
- YTD
- -2.23%
- 6M
- -1.73%
- 1Y
- 23.21%
- 3Y*
- 29.23%
- 5Y*
- 17.41%
- 10Y*
- 12.42%
QUAL vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 9.44% | 12.65% | 22.29% | 30.88% | -20.50% | 26.94% | 17.04% | 33.89% | -5.70% | 22.26% |
SGLP.L Invesco Physical Gold A | -2.23% | 65.19% | 26.00% | 12.92% | -0.12% | -3.76% | 23.67% | 19.25% | -1.60% | 11.32% |
Correlation
The correlation between QUAL and SGLP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2013 | 0.04 |
The correlation between QUAL and SGLP.L shifts across timeframes, from 0.04 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QUAL vs. SGLP.L — Risk / Return Rank
QUAL
SGLP.L
QUAL vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) 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.
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.
| QUAL | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.05 | +1.28 |
| Martin ratioReturn relative to average drawdown | 10.60 | 3.19 | +7.42 |
Loading charts...
Drawdowns
QUAL vs. SGLP.L - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum SGLP.L drawdown of -66.38%. Use the drawdown chart below to compare losses from any high point for QUAL and SGLP.L.
Loading charts...
Drawdown Indicators
| QUAL | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -66.38% | +32.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -22.75% | +13.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.00% | -22.75% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -22.75% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | -22.75% | -11.31% |
Current DrawdownCurrent decline from peak | -0.19% | -20.68% | +20.49% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -39.76% | +35.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 7.49% | -5.50% |
Volatility
QUAL vs. SGLP.L - Volatility Comparison
The current volatility for iShares MSCI USA Quality Factor ETF (QUAL) is 3.63%, while Invesco Physical Gold A (SGLP.L) has a volatility of 7.18%. This indicates that QUAL 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.
Loading charts...
Volatility by Period
| QUAL | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 7.18% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 21.60% | -12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 24.75% | -12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 22.64% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 18.77% | -0.66% |
QUAL vs. SGLP.L - Expense Ratio Comparison
QUAL has a 0.15% expense ratio, which is higher than SGLP.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
QUAL vs. SGLP.L - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 0.87%, while SGLP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 0.87% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
SGLP.L Invesco Physical Gold A | 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
QUAL and SGLP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.15% for QUAL.
QUAL is categorized as Large Cap Blend Equities, while SGLP.L is Precious Metals. QUAL tracks MSCI USA Sector Neutral Quality Index, while SGLP.L tracks Gold. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for QUAL and 0.12% for SGLP.L.
Find the right allocation for QUAL and SGLP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer