SGLN.L vs. AGGG.L
SGLN.L (iShares Physical Gold ETC) and AGGG.L (iShares Global Aggregate Bond UCITS Dist) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while AGGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SGLN.L returned 19.24%/yr vs -0.77%/yr for AGGG.L. At a 0.32 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.10%/yr for AGGG.L.
Performance
SGLN.L vs. AGGG.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while AGGG.L is traded in USD. To make them comparable, the AGGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGLN.L achieves a 1.38% return, which is significantly higher than AGGG.L's 0.10% return.
SGLN.L
- 1D
- -0.06%
- 1M
- -6.00%
- YTD
- 1.38%
- 6M
- 3.07%
- 1Y
- 31.70%
- 3Y*
- 27.57%
- 5Y*
- 19.24%
- 10Y*
- 13.68%
AGGG.L
- 1D
- -0.03%
- 1M
- 0.78%
- YTD
- 0.10%
- 6M
- 0.09%
- 1Y
- 3.41%
- 3Y*
- 1.11%
- 5Y*
- -0.77%
- 10Y*
- —
SGLN.L vs. AGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | -1.05% |
AGGG.L iShares Global Aggregate Bond UCITS Dist | 0.10% | 0.27% | 0.32% | 0.11% | -5.91% | -4.54% | 6.20% | 2.77% | 4.41% | -1.06% |
Correlation
The correlation between SGLN.L and AGGG.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.32 |
The correlation between SGLN.L and AGGG.L shifts across timeframes, from 0.13 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. AGGG.L — Risk / Return Rank
SGLN.L
AGGG.L
SGLN.L vs. AGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares Global Aggregate Bond UCITS Dist (AGGG.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.
| SGLN.L | AGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.10 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.80 | +0.94 |
| Martin ratioReturn relative to average drawdown | 4.61 | 1.74 | +2.87 |
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
| SGLN.L | AGGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.56 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | -0.10 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.03 | +0.22 |
Drawdowns
SGLN.L vs. AGGG.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than AGGG.L's maximum drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for SGLN.L and AGGG.L.
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Drawdown Indicators
| SGLN.L | AGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -19.18% | -34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -4.23% | -13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -5.59% | -14.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -14.31% | -6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | — | — |
Current DrawdownCurrent decline from peak | -18.04% | -13.22% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -9.26% | -15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 1.96% | +4.90% |
Volatility
SGLN.L vs. AGGG.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 4.84% compared to iShares Global Aggregate Bond UCITS Dist (AGGG.L) at 1.88%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than AGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLN.L | AGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 1.88% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 4.91% | +15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 6.05% | +17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 7.84% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 8.39% | +10.41% |
SGLN.L vs. AGGG.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than AGGG.L's 0.10% 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
SGLN.L vs. AGGG.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while AGGG.L's dividend yield for the trailing twelve months is around 3.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.17% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLN.L and AGGG.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while AGGG.L is Global Bonds. SGLN.L tracks LBMA Gold Price, while AGGG.L tracks Bloomberg Global Aggregate TR USD. Their fees differ too: 0.12% for SGLN.L and 0.10% for AGGG.L.
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