SGLN.L vs. IGDA.L
SGLN.L (iShares Physical Gold ETC) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, SGLN.L returned 28.17%/yr vs 18.37%/yr for IGDA.L. At a 0.04 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.40%/yr for IGDA.L.
Performance
SGLN.L vs. IGDA.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGLN.L is traded in GBp, while IGDA.L is traded in USD. To make them comparable, the IGDA.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 3.89% return, which is significantly lower than IGDA.L's 16.03% return.
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
IGDA.L
- 1D
- 0.00%
- 1M
- 7.78%
- YTD
- 16.03%
- 6M
- 15.65%
- 1Y
- 36.74%
- 3Y*
- 18.37%
- 5Y*
- —
- 10Y*
- —
SGLN.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 13.52% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 15.51% | 10.28% | 20.00% | 23.23% | -5.03% |
Correlation
The correlation between SGLN.L and IGDA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.04 |
The correlation between SGLN.L and IGDA.L shifts across timeframes, from 0.04 (all time) to 0.17 (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. IGDA.L — Risk / Return Rank
SGLN.L
IGDA.L
SGLN.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.48 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 5.08 | -3.16 |
| Martin ratioReturn relative to average drawdown | 5.05 | 18.17 | -13.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SGLN.L | IGDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 2.68 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.92 | -0.37 |
Drawdowns
SGLN.L vs. IGDA.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, which is greater than IGDA.L's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IGDA.L.
Loading charts...
Drawdown Indicators
| SGLN.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -22.43% | -19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -7.20% | -10.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -22.43% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | — | — |
Current DrawdownCurrent decline from peak | -16.01% | -0.43% | -15.58% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -3.93% | -10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 2.02% | +4.65% |
Volatility
SGLN.L vs. IGDA.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 5.08% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.57%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLN.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.57% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 10.31% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 13.67% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 17.32% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 17.32% | -1.54% |
SGLN.L vs. IGDA.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
SGLN.L vs. IGDA.L - Dividend Comparison
Neither SGLN.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and IGDA.L have a correlation of 0.17, 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 0.40% for IGDA.L.
SGLN.L is categorized as Gold, while IGDA.L is Global Equities. SGLN.L tracks LBMA Gold Price, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SGLN.L and 0.40% for IGDA.L.
Find the right allocation for SGLN.L and IGDA.L
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