SGLN.L vs. UBTS.L
SGLN.L (iShares Physical Gold ETC) and UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while UBTS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs 3.21%/yr for UBTS.L. At a 0.34 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.15%/yr for UBTS.L.
Performance
SGLN.L vs. UBTS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGLN.L achieves a -1.83% return, which is significantly lower than UBTS.L's 1.63% 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%
UBTS.L
- 1D
- -0.54%
- 1M
- -0.11%
- YTD
- 1.63%
- 6M
- 1.00%
- 1Y
- 6.12%
- 3Y*
- 2.62%
- 5Y*
- 3.21%
- 10Y*
- —
SGLN.L vs. UBTS.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% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 1.63% | -0.11% | 4.94% | -1.60% | 3.40% | 6.97% | 4.62% | 3.52% | 5.25% | -7.29% |
Correlation
The correlation between SGLN.L and UBTS.L is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.34 |
The correlation between SGLN.L and UBTS.L shifts across timeframes, from -0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGLN.L vs. UBTS.L — Risk / Return Rank
SGLN.L
UBTS.L
SGLN.L vs. UBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.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 | UBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.18 | -0.05 |
| Martin ratioReturn relative to average drawdown | 3.51 | 3.14 | +0.37 |
Loading charts...
Drawdowns
SGLN.L vs. UBTS.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than UBTS.L's maximum drawdown of -30.43%. Use the drawdown chart below to compare losses from any high point for SGLN.L and UBTS.L.
Loading charts...
Drawdown Indicators
| SGLN.L | UBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -30.43% | -22.80% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -4.97% | -17.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -7.52% | -15.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -16.00% | -6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -5.92% | -14.72% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -14.03% | -10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 1.88% | +5.49% |
Volatility
SGLN.L vs. UBTS.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) at 1.63%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than UBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLN.L | UBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 1.63% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 4.57% | +16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 6.31% | +17.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 8.16% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 10.65% | +8.19% |
SGLN.L vs. UBTS.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than UBTS.L's 0.15% 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. UBTS.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while UBTS.L's dividend yield for the trailing twelve months is around 4.02%.
| 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% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.02% | 3.26% | 4.41% | 4.56% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% |
Frequently Asked Questions
SGLN.L and UBTS.L have a correlation of -0.16, 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 0.15% for UBTS.L.
SGLN.L is categorized as Gold, while UBTS.L is Inflation-Protected Bonds. SGLN.L tracks LBMA Gold Price, while UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for SGLN.L and 0.15% for UBTS.L.
Find the right allocation for SGLN.L and UBTS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer