SGLN.L vs. BTC-USD
SGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SGLN.L returned 13.68%/yr vs 60.93%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
SGLN.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 BTC-USD's -26.97% return. Over the past 10 years, SGLN.L has underperformed BTC-USD with an annualized return of 13.68%, while BTC-USD has yielded a comparatively higher 60.93% annualized 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%
BTC-USD
- 1D
- 0.00%
- 1M
- -19.38%
- YTD
- -26.97%
- 6M
- -30.31%
- 1Y
- -39.31%
- 3Y*
- 31.07%
- 5Y*
- 12.34%
- 10Y*
- 60.93%
SGLN.L vs. BTC-USD - 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% | 1.68% |
BTC-USD Bitcoin | -27.84% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -73.15% | 1,284.82% |
Correlation
The correlation between SGLN.L and BTC-USD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.06 |
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Return for Risk
SGLN.L vs. BTC-USD — Risk / Return Rank
SGLN.L
BTC-USD
SGLN.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.86 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.78 | +2.53 |
| Martin ratioReturn relative to average drawdown | 4.61 | -1.38 | +5.98 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | -0.94 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.23 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.90 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.15 | -0.90 |
Drawdowns
SGLN.L vs. BTC-USD - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for SGLN.L and BTC-USD.
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Drawdown Indicators
| SGLN.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -84.19% | +30.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -50.55% | +32.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -50.55% | +30.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -73.24% | +52.91% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | -82.15% | +59.85% |
Current DrawdownCurrent decline from peak | -18.04% | -48.74% | +30.70% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -40.30% | +15.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 34.17% | -27.31% |
Volatility
SGLN.L vs. BTC-USD - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 4.84%, while Bitcoin (BTC-USD) has a volatility of 11.65%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 11.65% | -6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 33.91% | -13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 34.77% | -11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 44.72% | -22.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 56.05% | -37.25% |
Frequently Asked Questions
SGLN.L and BTC-USD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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