SGLN.L vs. ANRJ.L
SGLN.L (iShares Physical Gold ETC) and ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while ANRJ.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 16.04%/yr for ANRJ.L. At a 0.08 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.25%/yr for ANRJ.L.
Performance
SGLN.L vs. ANRJ.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -1.83% return, which is significantly lower than ANRJ.L's 22.91% return. Over the past 10 years, SGLN.L has underperformed ANRJ.L with an annualized return of 13.01%, while ANRJ.L has yielded a comparatively higher 16.04% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
ANRJ.L
- 1D
- 1.73%
- 1M
- -6.48%
- YTD
- 22.91%
- 6M
- 21.29%
- 1Y
- 58.51%
- 3Y*
- 31.16%
- 5Y*
- 27.52%
- 10Y*
- 16.04%
SGLN.L vs. ANRJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF | 22.91% | 43.26% | 10.68% | 9.79% | 44.73% | 26.52% | -27.94% | 3.65% | 0.61% | 9.59% |
Correlation
The correlation between SGLN.L and ANRJ.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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.08 |
Over the past year, SGLN.L and ANRJ.L have become more correlated (0.31) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
SGLN.L vs. ANRJ.L — Risk / Return Rank
SGLN.L
ANRJ.L
SGLN.L vs. ANRJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.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 | ANRJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.48 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 6.21 | -5.08 |
| Martin ratioReturn relative to average drawdown | 3.51 | 18.93 | -15.42 |
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Drawdowns
SGLN.L vs. ANRJ.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum ANRJ.L drawdown of -57.08%. Use the drawdown chart below to compare losses from any high point for SGLN.L and ANRJ.L.
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Drawdown Indicators
| SGLN.L | ANRJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -57.08% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -9.20% | -13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -13.17% | -9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -19.81% | -3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -57.08% | +34.21% |
Current DrawdownCurrent decline from peak | -20.64% | -7.09% | -13.55% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -13.72% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 3.03% | +4.34% |
Volatility
SGLN.L vs. ANRJ.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) at 5.84%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than ANRJ.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 | ANRJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.84% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 13.85% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 18.85% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 21.60% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 24.71% | -5.87% |
SGLN.L vs. ANRJ.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than ANRJ.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
SGLN.L vs. ANRJ.L - Dividend Comparison
Neither SGLN.L nor ANRJ.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and ANRJ.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, 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 0.25% for ANRJ.L.
SGLN.L is categorized as Gold, while ANRJ.L is Energy Equities. SGLN.L tracks LBMA Gold Price, while ANRJ.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for SGLN.L and 0.25% for ANRJ.L.
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