SGLN.L vs. AUCO.L
SGLN.L (iShares Physical Gold ETC) and AUCO.L (L&G Gold Mining UCITS ETF) are both Gold funds - SGLN.L tracks the LBMA Gold Price while AUCO.L tracks the STOXX Global Gold Miners Index. Both are passively managed. Over the past 10 years, SGLN.L returned 14.27%/yr vs 16.42%/yr for AUCO.L. A 0.64 correlation means they provide meaningful diversification when combined. SGLN.L charges 0.12%/yr vs 0.55%/yr for AUCO.L.
Performance
SGLN.L vs. AUCO.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while AUCO.L is traded in USD. To make them comparable, the AUCO.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 3.89% return, which is significantly higher than AUCO.L's -0.29% return. Over the past 10 years, SGLN.L has underperformed AUCO.L with an annualized return of 14.27%, while AUCO.L has yielded a comparatively higher 16.42% annualized return.
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
AUCO.L
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -0.29%
- 6M
- 4.49%
- 1Y
- 65.96%
- 3Y*
- 46.19%
- 5Y*
- 23.61%
- 10Y*
- 16.42%
SGLN.L vs. AUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
AUCO.L L&G Gold Mining UCITS ETF | -0.29% | 161.75% | 20.02% | 9.27% | -4.09% | -9.30% | 18.16% | 38.67% | -5.12% | 0.49% |
Correlation
The correlation between SGLN.L and AUCO.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.64 |
The correlation between SGLN.L and AUCO.L shifts across timeframes, from 0.64 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. AUCO.L — Risk / Return Rank
SGLN.L
AUCO.L
SGLN.L vs. AUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and L&G Gold Mining UCITS ETF (AUCO.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 | AUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.20 | -0.29 |
| Martin ratioReturn relative to average drawdown | 5.05 | 5.73 | -0.68 |
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 | AUCO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.50 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.66 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.48 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.30 | +0.25 |
Drawdowns
SGLN.L vs. AUCO.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, smaller than the maximum AUCO.L drawdown of -77.65%. Use the drawdown chart below to compare losses from any high point for SGLN.L and AUCO.L.
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Drawdown Indicators
| SGLN.L | AUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -77.65% | +35.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -29.84% | +12.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -29.84% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -39.29% | +21.72% |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | -45.83% | +23.92% |
Current DrawdownCurrent decline from peak | -16.01% | -25.59% | +9.58% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -35.95% | +21.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 11.47% | -4.80% |
Volatility
SGLN.L vs. AUCO.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 5.08%, while L&G Gold Mining UCITS ETF (AUCO.L) has a volatility of 15.22%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than AUCO.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 | AUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 15.22% | -10.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 34.96% | -14.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 43.84% | -20.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 35.66% | -19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 34.13% | -18.35% |
SGLN.L vs. AUCO.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than AUCO.L's 0.55% expense ratio.
Dividends
SGLN.L vs. AUCO.L - Dividend Comparison
Neither SGLN.L nor AUCO.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and AUCO.L have a correlation of 0.77, 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 0.55% for AUCO.L.
SGLN.L tracks LBMA Gold Price, while AUCO.L tracks STOXX Global Gold Miners Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.12% for SGLN.L and 0.55% for AUCO.L.
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