SGLN.L vs. IESU.L
SGLN.L (iShares Physical Gold ETC) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, SGLN.L returned 11.20%/yr vs 8.50%/yr for IESU.L. At a 0.01 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.15%/yr for IESU.L.
Performance
SGLN.L vs. IESU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -6.98% return, which is significantly lower than IESU.L's 28.61% return. Over the past 10 years, SGLN.L has outperformed IESU.L with an annualized return of 11.20%, while IESU.L has yielded a comparatively lower 8.50% annualized return.
SGLN.L
- 1D
- 0.12%
- 1M
- -8.38%
- 6M
- -13.16%
- YTD
- -6.98%
- 1Y
- 19.68%
- 3Y*
- 25.13%
- 5Y*
- 17.66%
- 10Y*
- 11.20%
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
SGLN.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -6.98% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
Correlation
The correlation between SGLN.L and IESU.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.01 |
The correlation between SGLN.L and IESU.L shifts across timeframes, from -0.13 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. IESU.L — Risk / Return Rank
SGLN.L
IESU.L
SGLN.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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 | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.07 | -1.28 |
| Martin ratioReturn relative to average drawdown | 1.94 | 5.01 | -3.07 |
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Drawdowns
SGLN.L vs. IESU.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IESU.L.
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Drawdown Indicators
| SGLN.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -63.88% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -24.89% | -17.34% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -24.89% | -26.36% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -26.36% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.89% | -62.16% | +37.27% |
Current DrawdownCurrent decline from peak | -24.80% | -10.65% | -14.15% |
Average DrawdownAverage peak-to-trough decline | -24.68% | -20.50% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.11% | 7.16% | +2.95% |
Volatility
SGLN.L vs. IESU.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 6.47%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 7.50%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than IESU.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 | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 7.50% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 21.74% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 24.54% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 29.08% | -7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 29.16% | -10.82% |
SGLN.L vs. IESU.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IESU.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. IESU.L - Dividend Comparison
Neither SGLN.L nor IESU.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and IESU.L have a correlation of -0.13, 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 IESU.L.
SGLN.L is categorized as Gold, while IESU.L is Energy Equities. SGLN.L tracks LBMA Gold Price, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. Their fees differ too: 0.12% for SGLN.L and 0.15% for IESU.L.
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