SGLN.L vs. IS0E.DE
SGLN.L (iShares Physical Gold ETC) and IS0E.DE (iShares Gold Producers UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, SGLN.L returned 13.68%/yr vs 15.02%/yr for IS0E.DE. A 0.68 correlation means they provide meaningful diversification when combined. SGLN.L charges 0.12%/yr vs 0.55%/yr for IS0E.DE.
Performance
SGLN.L vs. IS0E.DE - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while IS0E.DE is traded in EUR. To make them comparable, the IS0E.DE 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 IS0E.DE's -0.89% return. Over the past 10 years, SGLN.L has underperformed IS0E.DE with an annualized return of 13.68%, while IS0E.DE has yielded a comparatively higher 15.02% annualized 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%
IS0E.DE
- 1D
- 0.96%
- 1M
- -6.22%
- YTD
- -0.89%
- 6M
- 7.66%
- 1Y
- 68.12%
- 3Y*
- 38.32%
- 5Y*
- 19.93%
- 10Y*
- 15.02%
SGLN.L vs. IS0E.DE - 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% | 1.68% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.89% | 141.53% | 13.58% | 4.16% | 1.47% | -9.88% | 19.87% | 36.56% | -3.04% | -1.98% |
Correlation
The correlation between SGLN.L and IS0E.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.68 |
The correlation between SGLN.L and IS0E.DE shifts across timeframes, from 0.65 (5 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. IS0E.DE — Risk / Return Rank
SGLN.L
IS0E.DE
SGLN.L vs. IS0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares Gold Producers UCITS ETF (IS0E.DE). 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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.26 | -0.51 |
| Martin ratioReturn relative to average drawdown | 4.61 | 5.71 | -1.10 |
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 | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.33 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.59 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.45 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.18 | +0.06 |
Drawdowns
SGLN.L vs. IS0E.DE - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum IS0E.DE drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IS0E.DE.
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Drawdown Indicators
| SGLN.L | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -74.08% | +20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -28.03% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -28.03% | +7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -34.40% | +14.07% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | -43.69% | +21.39% |
Current DrawdownCurrent decline from peak | -18.04% | -23.94% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -33.56% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 11.11% | -4.25% |
Volatility
SGLN.L vs. IS0E.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 4.84%, while iShares Gold Producers UCITS ETF (IS0E.DE) has a volatility of 12.71%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than IS0E.DE 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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 12.71% | -7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 33.34% | -13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 47.52% | -24.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 33.52% | -11.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 32.95% | -14.15% |
SGLN.L vs. IS0E.DE - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IS0E.DE's 0.55% expense ratio.
Dividends
SGLN.L vs. IS0E.DE - Dividend Comparison
Neither SGLN.L nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and IS0E.DE have a correlation of 0.75, 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 0.55% for IS0E.DE.
SGLN.L is categorized as Gold, while IS0E.DE is Precious Metals. SGLN.L tracks LBMA Gold Price, while IS0E.DE tracks S&P Commodity Producers Gold. Their fees differ too: 0.12% for SGLN.L and 0.55% for IS0E.DE.
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