SGLN.L vs. AIGP.L
SGLN.L (iShares Physical Gold ETC) and AIGP.L (WisdomTree Precious Metals) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while AIGP.L is a Precious Metals fund tracking the Bloomberg Precious Metals. Both are passively managed. Over the past 10 years, SGLN.L returned 11.57%/yr vs 9.91%/yr for AIGP.L. Their correlation of 0.89 suggests significant overlap in exposure. SGLN.L charges 0.12%/yr vs 0.49%/yr for AIGP.L.
Performance
SGLN.L vs. AIGP.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while AIGP.L is traded in USD. To make them comparable, the AIGP.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 -4.94% return, which is significantly higher than AIGP.L's -6.52% return. Over the past 10 years, SGLN.L has outperformed AIGP.L with an annualized return of 11.57%, while AIGP.L has yielded a comparatively lower 9.91% annualized return.
SGLN.L
- 1D
- 0.07%
- 1M
- -9.12%
- YTD
- -4.94%
- 6M
- -8.41%
- 1Y
- 24.63%
- 3Y*
- 26.05%
- 5Y*
- 18.77%
- 10Y*
- 11.57%
AIGP.L
- 1D
- -0.31%
- 1M
- -11.75%
- YTD
- -6.52%
- 6M
- -9.70%
- 1Y
- 35.72%
- 3Y*
- 27.07%
- 5Y*
- 17.31%
- 10Y*
- 9.91%
SGLN.L vs. AIGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -4.94% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
AIGP.L WisdomTree Precious Metals | -6.52% | 65.92% | 25.40% | 2.42% | 10.92% | -6.98% | 20.56% | 11.55% | 1.03% | -1.72% |
Correlation
The correlation between SGLN.L and AIGP.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.89 |
The correlation between SGLN.L and AIGP.L has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
SGLN.L vs. AIGP.L — Risk / Return Rank
SGLN.L
AIGP.L
SGLN.L vs. AIGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and WisdomTree Precious Metals (AIGP.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.
| SGLN.L | AIGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.31 | -0.25 |
| Martin ratioReturn relative to average drawdown | 2.97 | 3.58 | -0.61 |
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Drawdowns
SGLN.L vs. AIGP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, roughly equal to the maximum AIGP.L drawdown of -51.56%. Use the drawdown chart below to compare losses from any high point for SGLN.L and AIGP.L.
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Drawdown Indicators
| SGLN.L | AIGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -51.56% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -27.21% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -27.21% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.20% | -27.21% | +4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -27.21% | +4.01% |
Current DrawdownCurrent decline from peak | -23.15% | -27.21% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -24.69% | -20.52% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 9.94% | -1.67% |
Volatility
SGLN.L vs. AIGP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 8.09%, while WisdomTree Precious Metals (AIGP.L) has a volatility of 9.70%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than AIGP.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 | AIGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 9.70% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 28.06% | -6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 30.85% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 20.01% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 18.37% | +0.02% |
SGLN.L vs. AIGP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than AIGP.L's 0.49% expense ratio.
Dividends
SGLN.L vs. AIGP.L - Dividend Comparison
Neither SGLN.L nor AIGP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SGLN.L and AIGP.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, 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 0.49% for AIGP.L.
SGLN.L is categorized as Gold, while AIGP.L is Precious Metals. SGLN.L tracks LBMA Gold Price, while AIGP.L tracks Bloomberg Precious Metals. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.12% for SGLN.L and 0.49% for AIGP.L.
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