SGLN.L vs. SHYU.L
SGLN.L (iShares Physical Gold ETC) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while SHYU.L is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, SGLN.L returned 11.57%/yr vs 5.19%/yr for SHYU.L. At a 0.18 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.50%/yr for SHYU.L.
Performance
SGLN.L vs. SHYU.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while SHYU.L is traded in GBP. To make them comparable, the SHYU.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 -4.94% return, which is significantly lower than SHYU.L's 3.30% return. Over the past 10 years, SGLN.L has outperformed SHYU.L with an annualized return of 11.57%, while SHYU.L has yielded a comparatively lower 5.19% annualized return.
SGLN.L
- 1D
- 0.07%
- 1M
- -9.12%
- YTD
- -4.94%
- 6M
- -8.41%
- 1Y
- 24.63%
- 3Y*
- 26.05%
- 5Y*
- 18.77%
- 10Y*
- 11.57%
SHYU.L
- 1D
- -0.39%
- 1M
- 2.24%
- YTD
- 3.30%
- 6M
- 4.20%
- 1Y
- 9.42%
- 3Y*
- 7.13%
- 5Y*
- 4.96%
- 10Y*
- 5.19%
SGLN.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -4.94% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.30% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.90% |
Correlation
The correlation between SGLN.L and SHYU.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.18 |
The correlation between SGLN.L and SHYU.L shifts across timeframes, from -0.13 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. SHYU.L — Risk / Return Rank
SGLN.L
SHYU.L
SGLN.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.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 | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 2.63 | -1.58 |
| Martin ratioReturn relative to average drawdown | 2.97 | 8.24 | -5.28 |
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Drawdowns
SGLN.L vs. SHYU.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than SHYU.L's maximum drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for SGLN.L and SHYU.L.
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Drawdown Indicators
| SGLN.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -38.05% | -15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -3.56% | -19.64% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -9.06% | -14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -23.20% | -10.47% | -12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -15.00% | -8.20% |
Current DrawdownCurrent decline from peak | -23.15% | -0.39% | -22.76% |
Average DrawdownAverage peak-to-trough decline | -24.69% | -8.90% | -15.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 1.14% | +7.13% |
Volatility
SGLN.L vs. SHYU.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 8.09% compared to iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) at 1.60%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than SHYU.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 | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 1.60% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 4.16% | +17.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 5.81% | +18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 7.83% | +14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 9.36% | +9.03% |
SGLN.L vs. SHYU.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
SGLN.L vs. SHYU.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while SHYU.L's dividend yield for the trailing twelve months is around 6.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.18% | 6.25% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Frequently Asked Questions
SGLN.L and SHYU.L have a correlation of -0.13, 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 0.50% for SHYU.L.
SGLN.L is categorized as Gold, while SHYU.L is Corporate Bonds. SGLN.L tracks LBMA Gold Price, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.12% for SGLN.L and 0.50% for SHYU.L.
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