SGLN.L vs. IGLS.L
SGLN.L (iShares Physical Gold ETC) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IGLS.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 13.01%/yr vs 0.91%/yr for IGLS.L. At a 0.26 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.07%/yr for IGLS.L.
Performance
SGLN.L vs. IGLS.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while IGLS.L is traded in GBP. To make them comparable, the IGLS.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 -1.83% return, which is significantly lower than IGLS.L's 0.53% return. Over the past 10 years, SGLN.L has outperformed IGLS.L with an annualized return of 13.01%, while IGLS.L has yielded a comparatively lower 0.91% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -9.40%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 25.94%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
IGLS.L
- 1D
- 0.21%
- 1M
- 0.79%
- YTD
- 0.53%
- 6M
- 1.02%
- 1Y
- 2.97%
- 3Y*
- 4.62%
- 5Y*
- 1.36%
- 10Y*
- 0.91%
SGLN.L vs. IGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.53% | 5.26% | 2.65% | 4.19% | -4.44% | -1.68% | 1.48% | 1.05% | 0.14% | -0.38% |
Correlation
The correlation between SGLN.L and IGLS.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.26 |
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Return for Risk
SGLN.L vs. IGLS.L — Risk / Return Rank
SGLN.L
IGLS.L
SGLN.L vs. IGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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 | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.52 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.51 | 5.12 | -1.61 |
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Drawdowns
SGLN.L vs. IGLS.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IGLS.L.
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Drawdown Indicators
| SGLN.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -9.54% | -43.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -1.95% | -20.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -1.95% | -20.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -8.85% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -9.54% | -13.33% |
Current DrawdownCurrent decline from peak | -20.64% | -0.38% | -20.26% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -1.19% | -23.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 0.58% | +6.79% |
Volatility
SGLN.L vs. IGLS.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.66%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IGLS.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 | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 0.66% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 1.76% | +19.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 1.99% | +21.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 2.67% | +19.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 2.18% | +16.66% |
SGLN.L vs. IGLS.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than IGLS.L's 0.07% expense ratio. However, 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. IGLS.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.97% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
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 IGLS.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while IGLS.L is European Government Bonds. SGLN.L tracks LBMA Gold Price, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. Their fees differ too: 0.12% for SGLN.L and 0.07% for IGLS.L.
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