SGLN.L vs. ESGP.L
SGLN.L (iShares Physical Gold ETC) and ESGP.L (HANetf AuAg ESG Gold Mining UCITS ETF) are both Gold funds - SGLN.L tracks the LBMA Gold Price while ESGP.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 3 years, SGLN.L returned 26.05%/yr vs 32.96%/yr for ESGP.L. A 0.64 correlation means they provide meaningful diversification when combined. SGLN.L charges 0.12%/yr vs 0.60%/yr for ESGP.L.
Performance
SGLN.L vs. ESGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -4.94% return, which is significantly higher than ESGP.L's -8.52% return.
SGLN.L
- 1D
- 0.07%
- 1M
- -9.12%
- YTD
- -4.94%
- 6M
- -8.41%
- 1Y
- 24.63%
- 3Y*
- 26.05%
- 5Y*
- 18.77%
- 10Y*
- 11.57%
ESGP.L
- 1D
- 1.31%
- 1M
- -11.60%
- YTD
- -8.52%
- 6M
- -12.74%
- 1Y
- 47.38%
- 3Y*
- 32.96%
- 5Y*
- —
- 10Y*
- —
SGLN.L vs. ESGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -4.94% | 53.66% | 28.20% | 7.24% | 11.84% | 3.66% |
ESGP.L HANetf AuAg ESG Gold Mining UCITS ETF | -8.52% | 136.71% | 3.17% | -0.39% | 2.14% | -2.42% |
Correlation
The correlation between SGLN.L and ESGP.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 (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.64 |
The correlation between SGLN.L and ESGP.L shifts across timeframes, from 0.64 (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. ESGP.L — Risk / Return Rank
SGLN.L
ESGP.L
SGLN.L vs. ESGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.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 | ESGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.40 | -0.34 |
| Martin ratioReturn relative to average drawdown | 2.97 | 3.50 | -0.53 |
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Drawdowns
SGLN.L vs. ESGP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than ESGP.L's maximum drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for SGLN.L and ESGP.L.
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Drawdown Indicators
| SGLN.L | ESGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -36.54% | -16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -33.80% | +10.60% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -33.80% | +10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | — | — |
Current DrawdownCurrent decline from peak | -23.15% | -32.27% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -24.69% | -13.71% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 13.50% | -5.23% |
Volatility
SGLN.L vs. ESGP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 8.09%, while HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) has a volatility of 17.26%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than ESGP.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 | ESGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 17.26% | -9.17% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 35.21% | -13.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 43.22% | -19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 33.72% | -11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 33.72% | -15.33% |
SGLN.L vs. ESGP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than ESGP.L's 0.60% expense ratio.
Dividends
SGLN.L vs. ESGP.L - Dividend Comparison
Neither SGLN.L nor ESGP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and ESGP.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 0.60% for ESGP.L.
SGLN.L tracks LBMA Gold Price, while ESGP.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.12% for SGLN.L and 0.60% for ESGP.L.
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