SGLD.L vs. IGDA.L
SGLD.L (Invesco Physical Gold ETC) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - SGLD.L is a Gold fund tracking the LBMA Gold Price PM, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, SGLD.L returned 31.13%/yr vs 21.23%/yr for IGDA.L. At a 0.22 correlation, their price movements are largely independent. SGLD.L charges 0.12%/yr vs 0.40%/yr for IGDA.L.
Performance
SGLD.L vs. IGDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLD.L achieves a 3.01% return, which is significantly lower than IGDA.L's 15.04% return.
SGLD.L
- 1D
- -1.45%
- 1M
- -4.24%
- YTD
- 3.01%
- 6M
- 5.09%
- 1Y
- 32.40%
- 3Y*
- 31.13%
- 5Y*
- 18.44%
- 10Y*
- 13.39%
IGDA.L
- 1D
- -0.48%
- 1M
- 6.32%
- YTD
- 15.04%
- 6M
- 15.93%
- 1Y
- 34.82%
- 3Y*
- 21.23%
- 5Y*
- —
- 10Y*
- —
SGLD.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SGLD.L Invesco Physical Gold ETC | 3.01% | 64.87% | 26.23% | 13.36% | 1.81% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 15.04% | 18.74% | 17.94% | 29.72% | -14.30% |
Correlation
The correlation between SGLD.L and IGDA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.22 |
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Return for Risk
SGLD.L vs. IGDA.L — Risk / Return Rank
SGLD.L
IGDA.L
SGLD.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold ETC (SGLD.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| SGLD.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.57 | -1.71 |
| Martin ratioReturn relative to average drawdown | 4.86 | 15.24 | -10.38 |
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
| SGLD.L | IGDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.47 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.85 | -0.27 |
Drawdowns
SGLD.L vs. IGDA.L - Drawdown Comparison
The maximum SGLD.L drawdown since its inception was -45.21%, which is greater than IGDA.L's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for SGLD.L and IGDA.L.
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Drawdown Indicators
| SGLD.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.21% | -24.18% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -9.71% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -20.12% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.12% | — | — |
Current DrawdownCurrent decline from peak | -16.19% | -1.17% | -15.02% |
Average DrawdownAverage peak-to-trough decline | -18.20% | -5.19% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 2.28% | +4.36% |
Volatility
SGLD.L vs. IGDA.L - Volatility Comparison
Invesco Physical Gold ETC (SGLD.L) has a higher volatility of 6.38% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.65%. This indicates that SGLD.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLD.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 4.65% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 21.72% | 10.78% | +10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.73% | 14.04% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 18.64% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 18.64% | -3.14% |
SGLD.L vs. IGDA.L - Expense Ratio Comparison
SGLD.L has a 0.12% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
SGLD.L vs. IGDA.L - Dividend Comparison
Neither SGLD.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
SGLD.L and IGDA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLD.L is cheaper with a 0.12% expense ratio, compared with 0.40% for IGDA.L.
SGLD.L is categorized as Gold, while IGDA.L is Global Equities. SGLD.L tracks LBMA Gold Price PM, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.12% for SGLD.L and 0.40% for IGDA.L.
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