SGLN.L vs. ISF.L
SGLN.L (iShares Physical Gold ETC) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while ISF.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 9.81%/yr for ISF.L. At a 0.03 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.07%/yr for ISF.L.
Performance
SGLN.L vs. ISF.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -1.83% return, which is significantly lower than ISF.L's 7.07% return. Over the past 10 years, SGLN.L has outperformed ISF.L with an annualized return of 13.01%, while ISF.L has yielded a comparatively lower 9.81% 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%
ISF.L
- 1D
- 1.50%
- 1M
- 1.56%
- YTD
- 7.07%
- 6M
- 10.11%
- 1Y
- 21.22%
- 3Y*
- 15.23%
- 5Y*
- 11.88%
- 10Y*
- 9.81%
SGLN.L vs. ISF.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% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 7.07% | 25.97% | 9.28% | 7.81% | 4.83% | 17.68% | -11.67% | 17.11% | -8.96% | 13.10% |
Correlation
The correlation between SGLN.L and ISF.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.03 |
Over the past year, SGLN.L and ISF.L have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
SGLN.L vs. ISF.L — Risk / Return Rank
SGLN.L
ISF.L
SGLN.L vs. ISF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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 | ISF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.40 | -1.27 |
| Martin ratioReturn relative to average drawdown | 3.51 | 7.89 | -4.38 |
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Drawdowns
SGLN.L vs. ISF.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than ISF.L's maximum drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for SGLN.L and ISF.L.
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Drawdown Indicators
| SGLN.L | ISF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -45.00% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -8.82% | -14.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -12.69% | -10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -12.69% | -10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -34.13% | +11.26% |
Current DrawdownCurrent decline from peak | -20.64% | -3.05% | -17.59% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -6.45% | -18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 2.68% | +4.69% |
Volatility
SGLN.L vs. ISF.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) at 3.51%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than ISF.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 | ISF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.51% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 9.53% | +11.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 10.94% | +12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 12.59% | +9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 14.84% | +4.00% |
SGLN.L vs. ISF.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than ISF.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. ISF.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while ISF.L's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 1.71% | 3.01% | 3.71% | 3.86% | 3.75% | 3.76% | 3.11% | 4.47% | 4.44% | 3.96% | 3.79% | 4.12% |
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 ISF.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISF.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while ISF.L is Europe Equities. SGLN.L tracks LBMA Gold Price, while ISF.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.12% for SGLN.L and 0.07% for ISF.L.
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