SGLN.L vs. IWDP.L

Last updated Jun 9, 2026

SGLN.L (iShares Physical Gold ETC) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 13.68%/yr vs 3.94%/yr for IWDP.L. At a 0.14 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.59%/yr for IWDP.L.

Performance

SGLN.L vs. IWDP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Physical Gold ETC (SGLN.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGLN.L achieves a 1.38% return, which is significantly lower than IWDP.L's 7.74% return. Over the past 10 years, SGLN.L has outperformed IWDP.L with an annualized return of 13.68%, while IWDP.L has yielded a comparatively lower 3.94% 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%

IWDP.L

• 1D: -0.50%
• 1M: -0.10%
• YTD: 7.74%
• 6M: 9.05%
• 1Y: 11.88%
• 3Y*: 6.11%
• 5Y*: 1.34%
• 10Y*: 3.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGLN.L vs. IWDP.L - 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%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	7.74%	1.72%	1.23%	3.99%	-14.93%	26.93%	-12.50%	17.32%	-0.09%	1.36%

Correlation

The correlation between SGLN.L and IWDP.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011	0.14

Return for Risk

SGLN.L vs. IWDP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGLN.L

SGLN.L Risk / Return Rank: 40
SGLN.L Sharpe Ratio Rank: 43
SGLN.L Sortino Ratio Rank: 37
SGLN.L Omega Ratio Rank: 47
SGLN.L Calmar Ratio Rank: 39
SGLN.L Martin Ratio Rank: 34

IWDP.L

IWDP.L Risk / Return Rank: 32
IWDP.L Sharpe Ratio Rank: 33
IWDP.L Sortino Ratio Rank: 33
IWDP.L Omega Ratio Rank: 30
IWDP.L Calmar Ratio Rank: 30
IWDP.L Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGLN.L vs. IWDP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.

	SGLN.L	IWDP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.08	+0.27
Sortino ratio: Return per unit of downside risk	1.78	1.59	+0.19
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	1.75	1.37	+0.38
Martin ratio: Return relative to average drawdown	4.61	4.26	+0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGLN.L vs. IWDP.L - Sharpe Ratio Comparison

The current SGLN.L Sharpe Ratio is 1.35, which is comparable to the IWDP.L Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SGLN.L and IWDP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGLN.L	IWDP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.08	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.10	+0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.25	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.27	-0.03

Drawdowns

SGLN.L vs. IWDP.L - Drawdown Comparison

The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum IWDP.L drawdown of -59.16%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IWDP.L.

Drawdown Indicators

	SGLN.L	IWDP.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.23%	-59.16%	+5.93%
Max Drawdown (1Y) Largest decline over 1 year	-18.04%	-8.61%	-9.43%
Max Drawdown (3Y) Largest decline over 3 years	-20.33%	-16.50%	-3.83%
Max Drawdown (5Y) Largest decline over 5 years	-20.33%	-26.31%	+5.98%
Max Drawdown (10Y) Largest decline over 10 years	-22.30%	-35.61%	+13.31%
Current Drawdown Current decline from peak	-18.04%	-2.60%	-15.44%
Average Drawdown Average peak-to-trough decline	-24.71%	-11.13%	-13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.86%	2.79%	+4.07%

Volatility

SGLN.L vs. IWDP.L - Volatility Comparison

iShares Physical Gold ETC (SGLN.L) has a higher volatility of 4.84% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 2.76%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IWDP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGLN.L	IWDP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	2.76%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	20.20%	8.47%	+11.73%
Volatility (1Y) Calculated over the trailing 1-year period	23.35%	10.99%	+12.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.74%	13.77%	+7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	15.56%	+3.24%

SGLN.L vs. IWDP.L - Expense Ratio Comparison

SGLN.L has a 0.12% expense ratio, which is lower than IWDP.L's 0.59% expense ratio.

Dividends

SGLN.L vs. IWDP.L - Dividend Comparison

SGLN.L has not paid dividends to shareholders, while IWDP.L's dividend yield for the trailing twelve months is around 3.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	3.00%	3.14%	3.18%	3.14%	3.56%	2.17%	3.11%	3.03%	3.82%	3.05%	2.96%	2.93%
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

Can I hold both SGLN.L and IWDP.L in my portfolio?

SGLN.L and IWDP.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SGLN.L or IWDP.L?

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.

Which ETF is cheaper, SGLN.L or IWDP.L?

SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.59% for IWDP.L.

What is the main difference between SGLN.L and IWDP.L?

SGLN.L is categorized as Gold, while IWDP.L is REIT. SGLN.L tracks LBMA Gold Price, while IWDP.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.12% for SGLN.L and 0.59% for IWDP.L.