SGLN.L vs. TDGB.L
SGLN.L (iShares Physical Gold ETC) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, SGLN.L returned 13.68%/yr vs 10.29%/yr for TDGB.L. At a correlation of -0.02, they often move in opposite directions. SGLN.L charges 0.12%/yr vs 0.38%/yr for TDGB.L.
Performance
SGLN.L vs. TDGB.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while TDGB.L is traded in GBP. To make them comparable, the TDGB.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 1.38% return, which is significantly lower than TDGB.L's 9.00% return. Over the past 10 years, SGLN.L has outperformed TDGB.L with an annualized return of 13.68%, while TDGB.L has yielded a comparatively lower 10.29% annualized return.
SGLN.L
- 1D
- -0.06%
- 1M
- -6.00%
- YTD
- 1.38%
- 6M
- 3.07%
- 1Y
- 31.70%
- 3Y*
- 27.57%
- 5Y*
- 19.24%
- 10Y*
- 13.68%
TDGB.L
- 1D
- 0.02%
- 1M
- 1.83%
- YTD
- 9.00%
- 6M
- 11.88%
- 1Y
- 28.63%
- 3Y*
- 20.07%
- 5Y*
- 17.67%
- 10Y*
- 10.29%
SGLN.L vs. TDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.00% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
Correlation
The correlation between SGLN.L and TDGB.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | -0.02 |
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Return for Risk
SGLN.L vs. TDGB.L — Risk / Return Rank
SGLN.L
TDGB.L
SGLN.L vs. TDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.58 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 6.11 | -4.37 |
| Martin ratioReturn relative to average drawdown | 4.61 | 20.15 | -15.54 |
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 | TDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 3.08 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.55 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.75 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.76 | -0.51 |
Drawdowns
SGLN.L vs. TDGB.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than TDGB.L's maximum drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for SGLN.L and TDGB.L.
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Drawdown Indicators
| SGLN.L | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -32.94% | -20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -4.66% | -13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -12.42% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -12.42% | -7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | -32.94% | +10.64% |
Current DrawdownCurrent decline from peak | -18.04% | -1.40% | -16.64% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -4.93% | -19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 1.42% | +5.44% |
Volatility
SGLN.L vs. TDGB.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 4.84% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 1.90%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 1.90% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 6.97% | +13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 9.29% | +14.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 11.43% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 13.77% | +5.03% |
SGLN.L vs. TDGB.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
SGLN.L vs. TDGB.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.20% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
SGLN.L and TDGB.L have a correlation of 0.08, 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 0.38% for TDGB.L.
SGLN.L is categorized as Gold, while TDGB.L is Global Equities. SGLN.L tracks LBMA Gold Price, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.12% for SGLN.L and 0.38% for TDGB.L.
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