SGLN.L vs. AUCP.L
SGLN.L (iShares Physical Gold ETC) and AUCP.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners. Both are passively managed. Over the past 10 years, SGLN.L returned 14.27%/yr vs 16.41%/yr for AUCP.L. A 0.66 correlation means they provide meaningful diversification when combined. SGLN.L charges 0.12%/yr vs 0.55%/yr for AUCP.L.
Performance
SGLN.L vs. AUCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a 3.89% return, which is significantly higher than AUCP.L's -0.57% return. Over the past 10 years, SGLN.L has underperformed AUCP.L with an annualized return of 14.27%, while AUCP.L has yielded a comparatively higher 16.41% 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%
AUCP.L
- 1D
- 0.71%
- 1M
- -0.45%
- YTD
- -0.57%
- 6M
- 4.66%
- 1Y
- 65.77%
- 3Y*
- 46.06%
- 5Y*
- 23.58%
- 10Y*
- 16.41%
SGLN.L vs. AUCP.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% |
AUCP.L L&G Gold Mining UCITS ETF | -0.57% | 161.99% | 20.20% | 8.69% | -4.04% | -8.91% | 17.60% | 39.53% | -5.63% | 0.57% |
Correlation
The correlation between SGLN.L and AUCP.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.66 |
The correlation between SGLN.L and AUCP.L shifts across timeframes, from 0.66 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. AUCP.L — Risk / Return Rank
SGLN.L
AUCP.L
SGLN.L vs. AUCP.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 (AUCP.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 | AUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| 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 | 2.21 | -0.30 |
| Martin ratioReturn relative to average drawdown | 5.05 | 5.70 | -0.65 |
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 | AUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.49 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.65 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.47 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.26 | +0.29 |
Drawdowns
SGLN.L vs. AUCP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, smaller than the maximum AUCP.L drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for SGLN.L and AUCP.L.
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Drawdown Indicators
| SGLN.L | AUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -77.57% | +35.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -29.56% | +11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -29.56% | +11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -39.38% | +21.81% |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | -45.72% | +23.81% |
Current DrawdownCurrent decline from peak | -16.01% | -25.67% | +9.66% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -35.74% | +20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 11.51% | -4.84% |
Volatility
SGLN.L vs. AUCP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 5.08%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 13.97%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than AUCP.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 | AUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 13.97% | -8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 34.06% | -13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 43.95% | -20.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 35.99% | -19.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 34.66% | -18.88% |
SGLN.L vs. AUCP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.
Dividends
SGLN.L vs. AUCP.L - Dividend Comparison
Neither SGLN.L nor AUCP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and AUCP.L have a correlation of 0.78, 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 AUCP.L.
SGLN.L is categorized as Gold, while AUCP.L is Precious Metals. SGLN.L tracks LBMA Gold Price, while AUCP.L tracks STOXX Global Gold Miners. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.12% for SGLN.L and 0.55% for AUCP.L.
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