SGLN.L vs. FLOS.L
SGLN.L (iShares Physical Gold ETC) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while FLOS.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist). Both are passively managed. Over the past 5 years, SGLN.L returned 17.81%/yr vs 4.01%/yr for FLOS.L. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.12% expense ratio.
Performance
SGLN.L vs. FLOS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -6.40% return, which is significantly lower than FLOS.L's 2.36% return.
SGLN.L
- 1D
- -1.61%
- 1M
- -7.43%
- 6M
- -12.76%
- YTD
- -6.40%
- 1Y
- 20.55%
- 3Y*
- 26.03%
- 5Y*
- 17.81%
- 10Y*
- 11.37%
FLOS.L
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
SGLN.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -6.40% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | -5.32% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.36% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.45% | 0.28% |
Correlation
The correlation between SGLN.L and FLOS.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | -0.05 |
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Return for Risk
SGLN.L vs. FLOS.L — Risk / Return Rank
SGLN.L
FLOS.L
SGLN.L vs. FLOS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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 | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -6.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 2.00 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 15.76 | -14.92 |
| Martin ratioReturn relative to average drawdown | 2.08 | 79.94 | -77.86 |
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Drawdowns
SGLN.L vs. FLOS.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than FLOS.L's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for SGLN.L and FLOS.L.
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Drawdown Indicators
| SGLN.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -14.78% | -38.45% |
Max Drawdown (1Y)Largest decline over 1 year | -24.33% | -0.29% | -24.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.33% | -1.46% | -22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.33% | -2.13% | -22.20% |
Max Drawdown (10Y)Largest decline over 10 years | -24.33% | — | — |
Current DrawdownCurrent decline from peak | -24.33% | -0.09% | -24.24% |
Average DrawdownAverage peak-to-trough decline | -24.68% | -0.25% | -24.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 0.06% | +9.81% |
Volatility
SGLN.L vs. FLOS.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.72% compared to iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) at 0.22%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than FLOS.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 | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 0.22% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 0.80% | +20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 1.07% | +23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 1.68% | +20.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 3.36% | +14.98% |
SGLN.L vs. FLOS.L - Expense Ratio Comparison
Both SGLN.L and FLOS.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SGLN.L vs. FLOS.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while FLOS.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLN.L and FLOS.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L and FLOS.L have the same expense ratio: 0.12% per year.
SGLN.L is categorized as Gold, while FLOS.L is Ultrashort Bond. SGLN.L tracks LBMA Gold Price, while FLOS.L tracks iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist).
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