SGLN.L vs. GLTL.L
SGLN.L (iShares Physical Gold ETC) and GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while GLTL.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, SGLN.L returned 13.68%/yr vs -3.77%/yr for GLTL.L. At a 0.26 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.15%/yr for GLTL.L.
Performance
SGLN.L vs. GLTL.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while GLTL.L is traded in GBP. To make them comparable, the GLTL.L 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 1.38% return, which is significantly higher than GLTL.L's -4.08% return. Over the past 10 years, SGLN.L has outperformed GLTL.L with an annualized return of 13.68%, while GLTL.L has yielded a comparatively lower -3.77% annualized return.
SGLN.L
- 1D
- -0.06%
- 1M
- -6.00%
- YTD
- 1.38%
- 6M
- 3.07%
- 1Y
- 31.70%
- 3Y*
- 27.57%
- 5Y*
- 19.24%
- 10Y*
- 13.68%
GLTL.L
- 1D
- -0.47%
- 1M
- -0.24%
- YTD
- -4.08%
- 6M
- -3.52%
- 1Y
- -0.16%
- 3Y*
- -1.22%
- 5Y*
- -11.18%
- 10Y*
- -3.77%
SGLN.L vs. GLTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -4.08% | 3.15% | -10.47% | 1.26% | -40.67% | -6.58% | 13.61% | 11.55% | 0.22% | 3.32% |
Correlation
The correlation between SGLN.L and GLTL.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.26 |
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Return for Risk
SGLN.L vs. GLTL.L — Risk / Return Rank
SGLN.L
GLTL.L
SGLN.L vs. GLTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.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.
| SGLN.L | GLTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.01 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.01 | +1.76 |
| Martin ratioReturn relative to average drawdown | 4.61 | -0.04 | +4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGLN.L | GLTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | -0.01 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | -0.57 | +1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | -0.22 | +0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.03 | +0.28 |
Drawdowns
SGLN.L vs. GLTL.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, roughly equal to the maximum GLTL.L drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for SGLN.L and GLTL.L.
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Drawdown Indicators
| SGLN.L | GLTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -55.18% | +1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -10.86% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -16.55% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -52.99% | +32.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | -55.18% | +32.88% |
Current DrawdownCurrent decline from peak | -18.04% | -52.32% | +34.28% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -19.02% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 4.33% | +2.53% |
Volatility
SGLN.L vs. GLTL.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) and SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) have volatilities of 4.84% and 5.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLN.L | GLTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 5.00% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 9.63% | +10.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 12.52% | +10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 19.66% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 16.96% | +1.84% |
SGLN.L vs. GLTL.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than GLTL.L's 0.15% 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. GLTL.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while GLTL.L's dividend yield for the trailing twelve months is around 5.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.15% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
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 GLTL.L have a correlation of 0.21, 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 0.15% for GLTL.L.
SGLN.L is categorized as Gold, while GLTL.L is European Government Bonds. SGLN.L tracks LBMA Gold Price, while GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and State Street. Their fees differ too: 0.12% for SGLN.L and 0.15% for GLTL.L.
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