SGLN.L vs. IUSU.L
SGLN.L (iShares Physical Gold ETC) and IUSU.L (iShares V PLC - iShares S&P 500 Utilities Sector UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IUSU.L is a Utilities Equities fund tracking the S&P 500 Capped 35/20 Utilities. Both are passively managed. Over the past 5 years, SGLN.L returned 18.77%/yr vs 11.38%/yr for IUSU.L. At a 0.18 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.15%/yr for IUSU.L.
Performance
SGLN.L vs. IUSU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a -4.94% return, which is significantly lower than IUSU.L's 9.43% return.
SGLN.L
- 1D
- 0.07%
- 1M
- -9.12%
- YTD
- -4.94%
- 6M
- -8.41%
- 1Y
- 24.63%
- 3Y*
- 26.05%
- 5Y*
- 18.77%
- 10Y*
- 11.57%
IUSU.L
- 1D
- 0.06%
- 1M
- 2.91%
- YTD
- 9.43%
- 6M
- 10.77%
- 1Y
- 19.44%
- 3Y*
- 13.18%
- 5Y*
- 11.38%
- 10Y*
- —
SGLN.L vs. IUSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -4.94% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | -3.90% |
IUSU.L iShares V PLC - iShares S&P 500 Utilities Sector UCITS ETF | 9.43% | 7.65% | 25.08% | -13.15% | 14.26% | 19.91% | -4.85% | 21.27% | 8.53% | -22.68% |
Correlation
The correlation between SGLN.L and IUSU.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017 | 0.18 |
The correlation between SGLN.L and IUSU.L shifts across timeframes, from 0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. IUSU.L — Risk / Return Rank
SGLN.L
IUSU.L
SGLN.L vs. IUSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares V PLC - iShares S&P 500 Utilities Sector UCITS ETF (IUSU.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 | IUSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 2.04 | -0.98 |
| Martin ratioReturn relative to average drawdown | 2.97 | 4.15 | -1.18 |
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Drawdowns
SGLN.L vs. IUSU.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than IUSU.L's maximum drawdown of -35.61%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IUSU.L.
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Drawdown Indicators
| SGLN.L | IUSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -35.61% | -17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -9.51% | -13.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -23.38% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.20% | -29.89% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | — | — |
Current DrawdownCurrent decline from peak | -23.15% | -2.19% | -20.96% |
Average DrawdownAverage peak-to-trough decline | -24.69% | -12.74% | -11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 4.67% | +3.60% |
Volatility
SGLN.L vs. IUSU.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 8.09% compared to iShares V PLC - iShares S&P 500 Utilities Sector UCITS ETF (IUSU.L) at 5.77%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IUSU.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 | IUSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 5.77% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 12.61% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 15.20% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 21.96% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 25.16% | -6.77% |
SGLN.L vs. IUSU.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IUSU.L's 0.15% expense ratio. Despite the difference, 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. IUSU.L - Dividend Comparison
Neither SGLN.L nor IUSU.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and IUSU.L have a correlation of 0.05, 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 0.15% for IUSU.L.
SGLN.L is categorized as Gold, while IUSU.L is Utilities Equities. SGLN.L tracks LBMA Gold Price, while IUSU.L tracks S&P 500 Capped 35/20 Utilities. Their fees differ too: 0.12% for SGLN.L and 0.15% for IUSU.L.
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