SGLN.L vs. SSLN.L
SGLN.L (iShares Physical Gold ETC) and SSLN.L (iShares Physical Silver ETC) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while SSLN.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 14.83%/yr for SSLN.L. A 0.74 correlation means they provide meaningful diversification when combined. SGLN.L charges 0.12%/yr vs 0.20%/yr for SSLN.L.
Performance
SGLN.L vs. SSLN.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 higher than SSLN.L's -5.21% return. Over the past 10 years, SGLN.L has underperformed SSLN.L with an annualized return of 13.01%, while SSLN.L has yielded a comparatively higher 14.83% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -9.40%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 25.94%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
SSLN.L
- 1D
- 5.29%
- 1M
- -22.94%
- YTD
- -5.21%
- 6M
- 9.19%
- 1Y
- 88.53%
- 3Y*
- 38.49%
- 5Y*
- 20.27%
- 10Y*
- 14.83%
SGLN.L vs. SSLN.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% |
SSLN.L iShares Physical Silver ETC | -5.21% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
Correlation
The correlation between SGLN.L and SSLN.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.74 |
The correlation between SGLN.L and SSLN.L has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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Return for Risk
SGLN.L vs. SSLN.L — Risk / Return Rank
SGLN.L
SSLN.L
SGLN.L vs. SSLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares Physical Silver ETC (SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.09 | -0.96 |
| Martin ratioReturn relative to average drawdown | 3.51 | 4.71 | -1.20 |
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Drawdowns
SGLN.L vs. SSLN.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum SSLN.L drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for SGLN.L and SSLN.L.
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Drawdown Indicators
| SGLN.L | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -78.44% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -42.08% | +19.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -42.08% | +19.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -42.08% | +19.21% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -42.08% | +19.21% |
Current DrawdownCurrent decline from peak | -20.64% | -39.02% | +18.38% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -59.69% | +34.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 18.73% | -11.36% |
Volatility
SGLN.L vs. SSLN.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 6.68%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 14.40%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 14.40% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 52.43% | -31.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 55.28% | -31.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 36.41% | -14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 31.14% | -12.30% |
SGLN.L vs. SSLN.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than SSLN.L's 0.20% 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. SSLN.L - Dividend Comparison
Neither SGLN.L nor SSLN.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and SSLN.L have a correlation of 0.75, 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 0.20% for SSLN.L.
SGLN.L is categorized as Gold, while SSLN.L is Silver. SGLN.L tracks LBMA Gold Price, while SSLN.L tracks LBMA Silver Price. Their fees differ too: 0.12% for SGLN.L and 0.20% for SSLN.L.
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