SGLN.L vs. UC15.L
SGLN.L (iShares Physical Gold ETC) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while UC15.L is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 10 years, SGLN.L returned 11.57%/yr vs 8.41%/yr for UC15.L. At a 0.27 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.34%/yr for UC15.L.
Performance
SGLN.L vs. UC15.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGLN.L achieves a -4.94% return, which is significantly lower than UC15.L's 16.70% return. Over the past 10 years, SGLN.L has outperformed UC15.L with an annualized return of 11.57%, while UC15.L has yielded a comparatively lower 8.41% 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%
UC15.L
- 1D
- 0.55%
- 1M
- -5.05%
- YTD
- 16.70%
- 6M
- 16.93%
- 1Y
- 25.61%
- 3Y*
- 9.03%
- 5Y*
- 11.78%
- 10Y*
- 8.41%
SGLN.L vs. UC15.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% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 16.70% | 2.29% | 6.44% | -6.52% | 29.97% | 36.11% | -2.49% | 5.31% | -5.75% | -2.28% |
Correlation
The correlation between SGLN.L and UC15.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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.27 |
Over the past year, the correlation between SGLN.L and UC15.L has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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. UC15.L — Risk / Return Rank
SGLN.L
UC15.L
SGLN.L vs. UC15.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 (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.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 | UC15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.25 | -2.19 |
| Martin ratioReturn relative to average drawdown | 2.97 | 11.66 | -8.70 |
Loading charts...
Drawdowns
SGLN.L vs. UC15.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum UC15.L drawdown of -98.86%. Use the drawdown chart below to compare losses from any high point for SGLN.L and UC15.L.
Loading charts...
Drawdown Indicators
| SGLN.L | UC15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -98.86% | +45.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -7.84% | -15.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -25.74% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.20% | -25.74% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -30.26% | +7.06% |
Current DrawdownCurrent decline from peak | -23.15% | -7.34% | -15.81% |
Average DrawdownAverage peak-to-trough decline | -24.69% | -17.19% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 2.19% | +6.08% |
Volatility
SGLN.L vs. UC15.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 8.09% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) at 3.72%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than UC15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLN.L | UC15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 3.72% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 11.50% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 13.53% | +10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 19.63% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.25% | +1.14% |
SGLN.L vs. UC15.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than UC15.L's 0.34% expense ratio.
Dividends
SGLN.L vs. UC15.L - Dividend Comparison
Neither SGLN.L nor UC15.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and UC15.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 0.34% for UC15.L.
SGLN.L is categorized as Gold, while UC15.L is Commodities. SGLN.L tracks LBMA Gold Price, while UC15.L tracks UBS CMCI. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for SGLN.L and 0.34% for UC15.L.
Find the right allocation for SGLN.L and UC15.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