SGLN.L vs. NCLP.L
SGLN.L (iShares Physical Gold ETC) and NCLP.L (WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while NCLP.L is a Uranium fund tracking the WisdomTree Uranium and Nuclear Energy UCITS Index. Both are passively managed. Over the past year, SGLN.L returned 24.78% vs 47.28% for NCLP.L. At a 0.25 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.45%/yr for NCLP.L.
Performance
SGLN.L vs. NCLP.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 NCLP.L's 3.72% return.
SGLN.L
- 1D
- 2.90%
- 1M
- -7.78%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
NCLP.L
- 1D
- 0.00%
- 1M
- -14.90%
- YTD
- 3.72%
- 6M
- 2.78%
- 1Y
- 47.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGLN.L vs. NCLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SGLN.L iShares Physical Gold ETC | -1.83% | 41.68% |
NCLP.L WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating | 3.72% | 56.86% |
Correlation
The correlation between SGLN.L and NCLP.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.25 |
The correlation between SGLN.L and NCLP.L shifts across timeframes, from 0.25 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. NCLP.L — Risk / Return Rank
SGLN.L
NCLP.L
SGLN.L vs. NCLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.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 | NCLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.19 | -0.06 |
| Martin ratioReturn relative to average drawdown | 3.51 | 2.55 | +0.96 |
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Drawdowns
SGLN.L vs. NCLP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than NCLP.L's maximum drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for SGLN.L and NCLP.L.
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Drawdown Indicators
| SGLN.L | NCLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -39.10% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -39.10% | +16.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -30.71% | +10.07% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -14.45% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 18.27% | -10.90% |
Volatility
SGLN.L vs. NCLP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 6.68%, while WisdomTree Uranium and Nuclear Energy UCITS ETF USD Accumulating (NCLP.L) has a volatility of 12.92%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than NCLP.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 | NCLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 12.92% | -6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 32.78% | -12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 63.64% | -39.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 63.01% | -41.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 63.01% | -44.17% |
SGLN.L vs. NCLP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than NCLP.L's 0.45% expense ratio.
Dividends
SGLN.L vs. NCLP.L - Dividend Comparison
Neither SGLN.L nor NCLP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and NCLP.L have a correlation of 0.37, 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 0.45% for NCLP.L.
SGLN.L is categorized as Gold, while NCLP.L is Uranium. SGLN.L tracks LBMA Gold Price, while NCLP.L tracks WisdomTree Uranium and Nuclear Energy UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.12% for SGLN.L and 0.45% for NCLP.L.
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