SGLN.L vs. INDA
SGLN.L (iShares Physical Gold ETC) and INDA (iShares MSCI India ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 7.64%/yr for INDA. At a 0.10 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.69%/yr for INDA.
Performance
SGLN.L vs. INDA - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while INDA is traded in USD. To make them comparable, the INDA 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 higher than INDA's -10.13% return. Over the past 10 years, SGLN.L has outperformed INDA with an annualized return of 13.01%, while INDA has yielded a comparatively lower 7.64% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
INDA
- 1D
- 1.22%
- 1M
- 1.61%
- YTD
- -10.13%
- 6M
- -9.28%
- 1Y
- -10.41%
- 3Y*
- 2.41%
- 5Y*
- 3.86%
- 10Y*
- 7.64%
SGLN.L vs. INDA - 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% |
INDA iShares MSCI India ETF | -10.13% | -4.64% | 10.53% | 11.30% | 1.88% | 22.50% | 11.45% | 2.44% | -1.14% | 24.31% |
Correlation
The correlation between SGLN.L and INDA is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.10 |
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Return for Risk
SGLN.L vs. INDA — Risk / Return Rank
SGLN.L
INDA
SGLN.L vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares MSCI India ETF (INDA). 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 | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.89 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.58 | +1.71 |
| Martin ratioReturn relative to average drawdown | 3.51 | -1.22 | +4.73 |
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Drawdowns
SGLN.L vs. INDA - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than INDA's maximum drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for SGLN.L and INDA.
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Drawdown Indicators
| SGLN.L | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -37.54% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -17.95% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -22.30% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -22.30% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -37.54% | +14.67% |
Current DrawdownCurrent decline from peak | -20.64% | -18.69% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -8.33% | -16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 8.52% | -1.15% |
Volatility
SGLN.L vs. INDA - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares MSCI India ETF (INDA) at 3.96%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than INDA 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 | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.96% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 12.10% | +8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 14.29% | +9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.73% | +7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 20.83% | -1.99% |
SGLN.L vs. INDA - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
SGLN.L vs. INDA - Dividend Comparison
Neither SGLN.L nor INDA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
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 INDA have a correlation of 0.01, 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 0.69% for INDA.
SGLN.L is categorized as Gold, while INDA is Asia Pacific Equities. SGLN.L tracks LBMA Gold Price, while INDA tracks MSCI India Index. Their fees differ too: 0.12% for SGLN.L and 0.69% for INDA.
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