SGBX.L vs. IGLN.L
SGBX.L (WisdomTree Physical Swiss Gold) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SGBX.L is a Precious Metals fund tracking the Gold, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 19.89%/yr for IGLN.L. Their correlation of 0.91 suggests significant overlap in exposure. SGBX.L charges 0.15%/yr vs 0.25%/yr for IGLN.L.
Performance
SGBX.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
SGBX.L is traded in GBp, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGBX.L achieves a 3.86% return, which is significantly lower than IGLN.L's 4.12% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
IGLN.L
- 1D
- 0.68%
- 1M
- -3.52%
- YTD
- 4.12%
- 6M
- 5.31%
- 1Y
- 34.58%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- 14.26%
SGBX.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
IGLN.L iShares Physical Gold ETC | 4.09% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | -3.56% |
Correlation
The correlation between SGBX.L and IGLN.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.91 |
The correlation between SGBX.L and IGLN.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SGBX.L vs. IGLN.L — Risk / Return Rank
SGBX.L
IGLN.L
SGBX.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) and iShares Physical Gold ETC (IGLN.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.
| SGBX.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.91 | -0.07 |
| Martin ratioReturn relative to average drawdown | 4.94 | 5.10 | -0.15 |
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
| SGBX.L | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.39 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.18 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.52 | +0.38 |
Drawdowns
SGBX.L vs. IGLN.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for SGBX.L and IGLN.L.
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Drawdown Indicators
| SGBX.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -41.86% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -17.53% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -17.53% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -17.53% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.37% | — |
Current DrawdownCurrent decline from peak | -16.26% | -15.75% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -14.94% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 6.59% | +0.17% |
Volatility
SGBX.L vs. IGLN.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 5.08%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.91%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGBX.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.91% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 21.10% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 24.06% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.80% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 16.34% | -1.17% |
SGBX.L vs. IGLN.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGBX.L vs. IGLN.L - Dividend Comparison
Neither SGBX.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SGBX.L and IGLN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IGLN.L.
SGBX.L is categorized as Precious Metals, while IGLN.L is Gold. SGBX.L tracks Gold, while IGLN.L tracks LBMA Gold Price. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for SGBX.L and 0.25% for IGLN.L.
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