SGLN.L vs. IWDG.L
SGLN.L (iShares Physical Gold ETC) and IWDG.L (iShares Core MSCI World UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IWDG.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs 11.81%/yr for IWDG.L. At a correlation of -0.09, they often move in opposite directions. SGLN.L charges 0.12%/yr vs 0.30%/yr for IWDG.L.
Performance
SGLN.L vs. IWDG.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 IWDG.L's 8.77% 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%
IWDG.L
- 1D
- 2.00%
- 1M
- 0.25%
- YTD
- 8.77%
- 6M
- 10.04%
- 1Y
- 24.75%
- 3Y*
- 19.32%
- 5Y*
- 11.81%
- 10Y*
- —
SGLN.L vs. IWDG.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% | -0.37% |
IWDG.L iShares Core MSCI World UCITS ETF | 8.77% | 18.71% | 21.37% | 23.13% | -17.43% | 24.30% | 11.80% | 24.91% | -8.73% | 10.33% |
Correlation
The correlation between SGLN.L and IWDG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 22, 2017 | -0.09 |
The correlation between SGLN.L and IWDG.L shifts across timeframes, from -0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. IWDG.L — Risk / Return Rank
SGLN.L
IWDG.L
SGLN.L vs. IWDG.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 MSCI World UCITS ETF (IWDG.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 | IWDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.14 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.51 | 13.33 | -9.82 |
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Drawdowns
SGLN.L vs. IWDG.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than IWDG.L's maximum drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IWDG.L.
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Drawdown Indicators
| SGLN.L | IWDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -34.20% | -19.03% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -7.64% | -15.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -17.57% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -22.82% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -1.49% | -19.15% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -4.61% | -20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 1.80% | +5.57% |
Volatility
SGLN.L vs. IWDG.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares Core MSCI World UCITS ETF (IWDG.L) at 3.70%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IWDG.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 | IWDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.70% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 9.06% | +11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 11.78% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.89% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 15.94% | +2.90% |
SGLN.L vs. IWDG.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IWDG.L's 0.30% expense ratio.
Dividends
SGLN.L vs. IWDG.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while IWDG.L's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IWDG.L iShares Core MSCI World UCITS ETF | 1.04% | 1.11% | 1.24% | 1.42% | 1.74% | 1.19% | 1.35% | 1.83% | 2.14% | 0.61% |
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% |
Frequently Asked Questions
SGLN.L and IWDG.L have a correlation of 0.23, 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 0.30% for IWDG.L.
SGLN.L is categorized as Gold, while IWDG.L is Global Equities. SGLN.L tracks LBMA Gold Price, while IWDG.L tracks MSCI World Index. Their fees differ too: 0.12% for SGLN.L and 0.30% for IWDG.L.
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