SGLN.L vs. EQQQ.L
SGLN.L (iShares Physical Gold ETC) and EQQQ.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while EQQQ.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 22.24%/yr for EQQQ.L. At a 0.06 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.30%/yr for EQQQ.L.
Performance
SGLN.L vs. EQQQ.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 EQQQ.L's 17.18% return. Over the past 10 years, SGLN.L has underperformed EQQQ.L with an annualized return of 13.01%, while EQQQ.L has yielded a comparatively higher 22.24% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -7.78%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
EQQQ.L
- 1D
- 2.53%
- 1M
- 0.74%
- YTD
- 17.18%
- 6M
- 17.41%
- 1Y
- 38.39%
- 3Y*
- 23.63%
- 5Y*
- 17.89%
- 10Y*
- 22.24%
SGLN.L vs. EQQQ.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% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 17.18% | 11.54% | 28.55% | 47.79% | -25.54% | 29.59% | 43.32% | 33.69% | 4.64% | 20.12% |
Correlation
The correlation between SGLN.L and EQQQ.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.06 |
The correlation between SGLN.L and EQQQ.L shifts across timeframes, from -0.01 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. EQQQ.L — Risk / Return Rank
SGLN.L
EQQQ.L
SGLN.L vs. EQQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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 | EQQQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.41 | -2.28 |
| Martin ratioReturn relative to average drawdown | 3.51 | 9.90 | -6.39 |
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Drawdowns
SGLN.L vs. EQQQ.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum EQQQ.L drawdown of -65.36%. Use the drawdown chart below to compare losses from any high point for SGLN.L and EQQQ.L.
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Drawdown Indicators
| SGLN.L | EQQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -65.36% | +12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -10.97% | -11.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -24.09% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -27.76% | +4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -27.76% | +4.89% |
Current DrawdownCurrent decline from peak | -20.64% | -2.85% | -17.79% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -12.50% | -12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 3.79% | +3.58% |
Volatility
SGLN.L vs. EQQQ.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) at 5.78%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than EQQQ.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 | EQQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.78% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 11.18% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 15.31% | +8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 19.23% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 19.39% | -0.55% |
SGLN.L vs. EQQQ.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than EQQQ.L's 0.30% expense ratio.
Dividends
SGLN.L vs. EQQQ.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while EQQQ.L's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.38% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% |
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 EQQQ.L have a correlation of 0.14, 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 0.30% for EQQQ.L.
SGLN.L is categorized as Gold, while EQQQ.L is Nasdaq-100. SGLN.L tracks LBMA Gold Price, while EQQQ.L tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SGLN.L and 0.30% for EQQQ.L.
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