SGLN.L vs. HIGH.L
SGLN.L (iShares Physical Gold ETC) and HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, SGLN.L returned 19.24%/yr vs 2.62%/yr for HIGH.L. At a 0.20 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.50%/yr for HIGH.L.
Performance
SGLN.L vs. HIGH.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while HIGH.L is traded in EUR. To make them comparable, the HIGH.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 HIGH.L's -0.23% 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%
HIGH.L
- 1D
- -0.11%
- 1M
- 0.13%
- YTD
- -0.23%
- 6M
- 0.05%
- 1Y
- 5.47%
- 3Y*
- 6.43%
- 5Y*
- 2.62%
- 10Y*
- —
SGLN.L vs. HIGH.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% | 0.57% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | -0.23% | 10.50% | 0.90% | 9.36% | -4.64% | -3.28% | 6.81% | 3.53% | -2.45% | 1.65% |
Correlation
The correlation between SGLN.L and HIGH.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.20 |
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Return for Risk
SGLN.L vs. HIGH.L — Risk / Return Rank
SGLN.L
HIGH.L
SGLN.L vs. HIGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.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 | HIGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.50 | +0.25 |
| Martin ratioReturn relative to average drawdown | 4.61 | 4.76 | -0.15 |
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 | HIGH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.07 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.36 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.28 | -0.03 |
Drawdowns
SGLN.L vs. HIGH.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than HIGH.L's maximum drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for SGLN.L and HIGH.L.
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Drawdown Indicators
| SGLN.L | HIGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -21.81% | -31.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -3.62% | -14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -3.62% | -16.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -15.38% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | — | — |
Current DrawdownCurrent decline from peak | -18.04% | -1.12% | -16.92% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -4.43% | -20.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 1.15% | +5.71% |
Volatility
SGLN.L vs. HIGH.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 4.84% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) at 1.69%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than HIGH.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 | HIGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 1.69% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 3.83% | +16.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 5.08% | +18.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 7.18% | +14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 8.53% | +10.27% |
SGLN.L vs. HIGH.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than HIGH.L's 0.50% expense ratio.
Dividends
SGLN.L vs. HIGH.L - Dividend Comparison
Neither SGLN.L nor HIGH.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and HIGH.L have a correlation of 0.18, 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 0.50% for HIGH.L.
SGLN.L is categorized as Gold, while HIGH.L is European High Yield Bonds. SGLN.L tracks LBMA Gold Price, while HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR. Their fees differ too: 0.12% for SGLN.L and 0.50% for HIGH.L.
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