SGLN.L vs. DBAW
SGLN.L (iShares Physical Gold ETC) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while DBAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA US Dollar Hedged Index. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 12.40%/yr for DBAW. At a 0.07 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.41%/yr for DBAW.
Performance
SGLN.L vs. DBAW - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while DBAW is traded in USD. To make them comparable, the DBAW 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 -1.83% return, which is significantly lower than DBAW's 16.07% return. Both investments have delivered pretty close results over the past 10 years, with SGLN.L having a 13.01% annualized return and DBAW not far behind at 12.40%.
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%
DBAW
- 1D
- 0.47%
- 1M
- 1.98%
- YTD
- 16.07%
- 6M
- 16.69%
- 1Y
- 37.23%
- 3Y*
- 17.97%
- 5Y*
- 12.31%
- 10Y*
- 12.40%
SGLN.L vs. DBAW - 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% |
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 16.07% | 17.46% | 16.35% | 10.45% | -3.05% | 14.15% | 4.29% | 18.28% | -5.06% | 8.52% |
Correlation
The correlation between SGLN.L and DBAW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2014 | 0.07 |
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Return for Risk
SGLN.L vs. DBAW — Risk / Return Rank
SGLN.L
DBAW
SGLN.L vs. DBAW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). 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 | DBAW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.55 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.61 | -3.48 |
| Martin ratioReturn relative to average drawdown | 3.51 | 17.94 | -14.43 |
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Drawdowns
SGLN.L vs. DBAW - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than DBAW's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for SGLN.L and DBAW.
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Drawdown Indicators
| SGLN.L | DBAW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -27.31% | -25.92% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -7.88% | -14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -15.36% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -15.36% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -27.31% | +4.44% |
Current DrawdownCurrent decline from peak | -20.64% | -0.61% | -20.03% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -4.06% | -20.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 2.02% | +5.35% |
Volatility
SGLN.L vs. DBAW - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) at 5.17%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than DBAW 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 | DBAW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.17% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 10.72% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 12.77% | +11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 13.49% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 16.00% | +2.84% |
SGLN.L vs. DBAW - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than DBAW's 0.41% expense ratio.
Dividends
SGLN.L vs. DBAW - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while DBAW's dividend yield for the trailing twelve months is around 3.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 3.31% | 3.83% | 1.70% | 3.45% | 8.81% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLN.L and DBAW have a correlation of 0.12, 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 0.41% for DBAW.
SGLN.L is categorized as Gold, while DBAW is Foreign Large Cap Equities. SGLN.L tracks LBMA Gold Price, while DBAW tracks MSCI ACWI ex USA US Dollar Hedged Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.12% for SGLN.L and 0.41% for DBAW.
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