SGLN.L vs. IWQU.L
SGLN.L (iShares Physical Gold ETC) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 13.33%/yr for IWQU.L. At a 0.05 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.30%/yr for IWQU.L.
Performance
SGLN.L vs. IWQU.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while IWQU.L is traded in USD. To make them comparable, the IWQU.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 IWQU.L's 9.27% return. Both investments have delivered pretty close results over the past 10 years, with SGLN.L having a 13.01% annualized return and IWQU.L not far ahead at 13.33%.
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%
IWQU.L
- 1D
- 1.82%
- 1M
- 1.36%
- YTD
- 9.27%
- 6M
- 9.72%
- 1Y
- 22.85%
- 3Y*
- 15.45%
- 5Y*
- 11.42%
- 10Y*
- 13.33%
SGLN.L vs. IWQU.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% |
IWQU.L iShares MSCI World Quality Factor UCITS | 9.27% | 7.07% | 19.21% | 19.60% | -9.66% | 24.87% | 11.57% | 24.71% | -2.05% | 12.88% |
Correlation
The correlation between SGLN.L and IWQU.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.05 |
The correlation between SGLN.L and IWQU.L shifts across timeframes, from 0.02 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. IWQU.L — Risk / Return Rank
SGLN.L
IWQU.L
SGLN.L vs. IWQU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares MSCI World Quality Factor UCITS (IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.34 | -2.21 |
| Martin ratioReturn relative to average drawdown | 3.51 | 13.22 | -9.71 |
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Drawdowns
SGLN.L vs. IWQU.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than IWQU.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for SGLN.L and IWQU.L.
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Drawdown Indicators
| SGLN.L | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -24.70% | -28.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -6.67% | -16.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -18.12% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -18.12% | -4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -24.70% | +1.83% |
Current DrawdownCurrent decline from peak | -20.64% | 0.00% | -20.64% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -3.67% | -21.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 1.69% | +5.68% |
Volatility
SGLN.L vs. IWQU.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares MSCI World Quality Factor UCITS (IWQU.L) at 3.54%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.54% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 8.70% | +12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 11.26% | +12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.50% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 15.51% | +3.33% |
SGLN.L vs. IWQU.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.
Dividends
SGLN.L vs. IWQU.L - Dividend Comparison
Neither SGLN.L nor IWQU.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and IWQU.L have a correlation of 0.19, 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 IWQU.L.
SGLN.L is categorized as Gold, while IWQU.L is Global Equities. SGLN.L tracks LBMA Gold Price, while IWQU.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for SGLN.L and 0.30% for IWQU.L.
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