SGLN.L vs. SDHG.L
SGLN.L (iShares Physical Gold ETC) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while SDHG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 14.27%/yr vs 7.60%/yr for SDHG.L. At a 0.21 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.45%/yr for SDHG.L.
Performance
SGLN.L vs. SDHG.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while SDHG.L is traded in GBP. To make them comparable, the SDHG.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 3.89% return, which is significantly higher than SDHG.L's 2.17% return. Over the past 10 years, SGLN.L has outperformed SDHG.L with an annualized return of 14.27%, while SDHG.L has yielded a comparatively lower 7.60% annualized return.
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
SDHG.L
- 1D
- 0.26%
- 1M
- 1.12%
- YTD
- 2.17%
- 6M
- 3.15%
- 1Y
- 11.14%
- 3Y*
- 7.16%
- 5Y*
- 7.59%
- 10Y*
- 7.60%
SGLN.L vs. SDHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 3.69% | 10.34% | 4.51% | 9.19% | 6.61% | 1.92% | 7.77% | 7.80% | -3.56% |
Correlation
The correlation between SGLN.L and SDHG.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.21 |
The correlation between SGLN.L and SDHG.L shifts across timeframes, from -0.07 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. SDHG.L — Risk / Return Rank
SGLN.L
SDHG.L
SGLN.L vs. SDHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.63 | -1.72 |
| Martin ratioReturn relative to average drawdown | 5.05 | 11.43 | -6.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGLN.L | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.85 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.00 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.83 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.86 | -0.31 |
Drawdowns
SGLN.L vs. SDHG.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, which is greater than SDHG.L's maximum drawdown of -11.44%. Use the drawdown chart below to compare losses from any high point for SGLN.L and SDHG.L.
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Drawdown Indicators
| SGLN.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -11.44% | -30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -3.00% | -14.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -8.95% | -8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -10.53% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | -11.44% | -10.47% |
Current DrawdownCurrent decline from peak | -16.01% | -0.37% | -15.64% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -3.15% | -11.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 0.95% | +5.72% |
Volatility
SGLN.L vs. SDHG.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 5.08% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) at 1.48%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 1.48% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 4.11% | +15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 5.88% | +17.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 7.58% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 9.19% | +6.59% |
SGLN.L vs. SDHG.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than SDHG.L's 0.45% expense ratio.
Dividends
SGLN.L vs. SDHG.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while SDHG.L's dividend yield for the trailing twelve months is around 11.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
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
SGLN.L and SDHG.L have a correlation of -0.07, 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 SDHG.L.
SGLN.L is categorized as Gold, while SDHG.L is High Yield Bonds. SGLN.L tracks LBMA Gold Price, while SDHG.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.12% for SGLN.L and 0.45% for SDHG.L.
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