SGLN.L vs. ITPS.L
SGLN.L (iShares Physical Gold ETC) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 3.04%/yr for ITPS.L. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
SGLN.L vs. ITPS.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while ITPS.L is traded in GBP. To make them comparable, the ITPS.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 ITPS.L's 1.28% return. Over the past 10 years, SGLN.L has outperformed ITPS.L with an annualized return of 13.01%, while ITPS.L has yielded a comparatively lower 3.04% 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%
ITPS.L
- 1D
- -0.41%
- 1M
- 0.12%
- YTD
- 1.28%
- 6M
- 0.86%
- 1Y
- 6.12%
- 3Y*
- 1.81%
- 5Y*
- 1.85%
- 10Y*
- 3.04%
SGLN.L vs. ITPS.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% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.28% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
Correlation
The correlation between SGLN.L and ITPS.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.34 |
The correlation between SGLN.L and ITPS.L shifts across timeframes, from -0.17 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. ITPS.L — Risk / Return Rank
SGLN.L
ITPS.L
SGLN.L vs. ITPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares $ TIPS UCITS ETF USD (Acc) (ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.13 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.51 | 2.85 | +0.66 |
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Drawdowns
SGLN.L vs. ITPS.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum ITPS.L drawdown of -99.43%. Use the drawdown chart below to compare losses from any high point for SGLN.L and ITPS.L.
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Drawdown Indicators
| SGLN.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -99.43% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -5.26% | -17.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -20.71% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -25.63% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -25.63% | +2.76% |
Current DrawdownCurrent decline from peak | -20.64% | -98.78% | +78.14% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -93.88% | +69.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 2.08% | +5.29% |
Volatility
SGLN.L vs. ITPS.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) at 1.50%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 1.50% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 4.48% | +16.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 6.32% | +17.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 20.82% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 16.87% | +1.97% |
SGLN.L vs. ITPS.L - Expense Ratio Comparison
Both SGLN.L and ITPS.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SGLN.L vs. ITPS.L - Dividend Comparison
Neither SGLN.L nor ITPS.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and ITPS.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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L and ITPS.L have the same expense ratio: 0.12% per year.
SGLN.L is categorized as Gold, while ITPS.L is Inflation-Protected Bonds. SGLN.L tracks LBMA Gold Price, while ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD.
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