SGLN.L vs. PE500.PA
SGLN.L (iShares Physical Gold ETC) and PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs 14.16%/yr for PE500.PA. At a 0.01 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.25%/yr for PE500.PA.
Performance
SGLN.L vs. PE500.PA - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while PE500.PA is traded in EUR. To make them comparable, the PE500.PA 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 PE500.PA's 9.11% 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%
PE500.PA
- 1D
- 1.83%
- 1M
- -0.40%
- YTD
- 9.11%
- 6M
- 9.61%
- 1Y
- 29.70%
- 3Y*
- 17.88%
- 5Y*
- 14.16%
- 10Y*
- —
SGLN.L vs. PE500.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 16.92% |
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR | 9.11% | 9.44% | 26.73% | 19.52% | -9.76% | 32.19% | 14.02% | 8.52% |
Correlation
The correlation between SGLN.L and PE500.PA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019 | 0.01 |
The correlation between SGLN.L and PE500.PA shifts across timeframes, from 0.01 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. PE500.PA — Risk / Return Rank
SGLN.L
PE500.PA
SGLN.L vs. PE500.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA). 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 | PE500.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.88 | -2.76 |
| Martin ratioReturn relative to average drawdown | 3.51 | 15.00 | -11.49 |
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Drawdowns
SGLN.L vs. PE500.PA - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than PE500.PA's maximum drawdown of -25.92%. Use the drawdown chart below to compare losses from any high point for SGLN.L and PE500.PA.
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Drawdown Indicators
| SGLN.L | PE500.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -25.92% | -27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -7.45% | -15.42% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -22.63% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -22.63% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -0.78% | -19.86% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -3.76% | -20.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 1.94% | +5.43% |
Volatility
SGLN.L vs. PE500.PA - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) at 3.13%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than PE500.PA 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 | PE500.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.13% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 7.81% | +12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 11.17% | +12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.83% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 16.60% | +2.24% |
SGLN.L vs. PE500.PA - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than PE500.PA's 0.25% 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. PE500.PA - Dividend Comparison
Neither SGLN.L nor PE500.PA has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and PE500.PA have a correlation of 0.15, 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 0.25% for PE500.PA.
SGLN.L is categorized as Gold, while PE500.PA is S&P 500. SGLN.L tracks LBMA Gold Price, while PE500.PA tracks S&P 500 ESG+ Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for SGLN.L and 0.25% for PE500.PA.
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