SGLN.L vs. EUNM.DE
SGLN.L (iShares Physical Gold ETC) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 10.99%/yr for EUNM.DE. At a 0.12 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.18%/yr for EUNM.DE.
Performance
SGLN.L vs. EUNM.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SGLN.L is traded in GBp, while EUNM.DE is traded in EUR. To make them comparable, the EUNM.DE 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 EUNM.DE's 24.80% return. Over the past 10 years, SGLN.L has outperformed EUNM.DE with an annualized return of 13.01%, while EUNM.DE has yielded a comparatively lower 10.99% 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%
EUNM.DE
- 1D
- 3.15%
- 1M
- 3.43%
- YTD
- 24.80%
- 6M
- 26.51%
- 1Y
- 50.09%
- 3Y*
- 19.83%
- 5Y*
- 8.40%
- 10Y*
- 10.99%
SGLN.L vs. EUNM.DE - 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% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 24.80% | 25.40% | 9.12% | 3.60% | -9.79% | -2.71% | 12.84% | 14.63% | -9.58% | 25.01% |
Correlation
The correlation between SGLN.L and EUNM.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
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 | 0.12 |
The correlation between SGLN.L and EUNM.DE shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGLN.L vs. EUNM.DE — Risk / Return Rank
SGLN.L
EUNM.DE
SGLN.L vs. EUNM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares MSCI EM UCITS ETF (Acc) (EUNM.DE). 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 | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.48 | -3.35 |
| Martin ratioReturn relative to average drawdown | 3.51 | 15.32 | -11.81 |
Loading charts...
Drawdowns
SGLN.L vs. EUNM.DE - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than EUNM.DE's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for SGLN.L and EUNM.DE.
Loading charts...
Drawdown Indicators
| SGLN.L | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -31.42% | -21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -10.76% | -12.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -16.51% | -6.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -23.64% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -27.11% | +4.24% |
Current DrawdownCurrent decline from peak | -20.64% | -3.49% | -17.15% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -10.62% | -14.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 3.15% | +4.22% |
Volatility
SGLN.L vs. EUNM.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 6.68%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.42%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than EUNM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLN.L | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 7.42% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 15.43% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 17.79% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 16.54% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 18.20% | +0.64% |
SGLN.L vs. EUNM.DE - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than EUNM.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGLN.L vs. EUNM.DE - Dividend Comparison
Neither SGLN.L nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and EUNM.DE have a correlation of 0.25, 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 0.18% for EUNM.DE.
SGLN.L is categorized as Gold, while EUNM.DE is Emerging Markets Equities. SGLN.L tracks LBMA Gold Price, while EUNM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.12% for SGLN.L and 0.18% for EUNM.DE.
Find the right allocation for SGLN.L and EUNM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer