SGLN.L vs. CSJP.L
SGLN.L (iShares Physical Gold ETC) and CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while CSJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 10.23%/yr for CSJP.L. At a 0.10 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.48%/yr for CSJP.L.
Performance
SGLN.L vs. CSJP.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 CSJP.L's 15.51% return. Over the past 10 years, SGLN.L has outperformed CSJP.L with an annualized return of 13.01%, while CSJP.L has yielded a comparatively lower 10.23% 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%
CSJP.L
- 1D
- 2.35%
- 1M
- 1.27%
- YTD
- 15.51%
- 6M
- 14.39%
- 1Y
- 33.78%
- 3Y*
- 14.40%
- 5Y*
- 9.91%
- 10Y*
- 10.23%
SGLN.L vs. CSJP.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% |
CSJP.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.51% | 17.48% | 9.01% | 13.68% | -7.33% | 1.76% | 12.16% | 13.94% | -8.52% | 13.00% |
Correlation
The correlation between SGLN.L and CSJP.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.10 |
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Return for Risk
SGLN.L vs. CSJP.L — Risk / Return Rank
SGLN.L
CSJP.L
SGLN.L vs. CSJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.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 | CSJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.15 | -2.02 |
| Martin ratioReturn relative to average drawdown | 3.51 | 9.95 | -6.44 |
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Drawdowns
SGLN.L vs. CSJP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than CSJP.L's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for SGLN.L and CSJP.L.
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Drawdown Indicators
| SGLN.L | CSJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -36.79% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -10.49% | -12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -14.32% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -18.68% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -24.31% | +1.44% |
Current DrawdownCurrent decline from peak | -20.64% | -1.02% | -19.62% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -9.95% | -14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 3.32% | +4.05% |
Volatility
SGLN.L vs. CSJP.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) at 4.44%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than CSJP.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 | CSJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 4.44% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 15.19% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 18.62% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 15.95% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 15.98% | +2.86% |
SGLN.L vs. CSJP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than CSJP.L's 0.48% expense ratio.
Dividends
SGLN.L vs. CSJP.L - Dividend Comparison
Neither SGLN.L nor CSJP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and CSJP.L have a correlation of 0.16, 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 0.48% for CSJP.L.
SGLN.L is categorized as Gold, while CSJP.L is Japan Equities. SGLN.L tracks LBMA Gold Price, while CSJP.L tracks TOPIX TR JPY. Their fees differ too: 0.12% for SGLN.L and 0.48% for CSJP.L.
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