SGLN.L vs. UKRE.L
SGLN.L (iShares Physical Gold ETC) and UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while UKRE.L is a REIT fund tracking the MSCI UK IMI Liquid Real Estate Index. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 0.74%/yr for UKRE.L. At a correlation of -0.03, they often move in opposite directions. SGLN.L charges 0.12%/yr vs 0.40%/yr for UKRE.L.
Performance
SGLN.L vs. UKRE.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 lower than UKRE.L's 1.43% return. Over the past 10 years, SGLN.L has outperformed UKRE.L with an annualized return of 13.01%, while UKRE.L has yielded a comparatively lower 0.74% annualized 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%
UKRE.L
- 1D
- 1.37%
- 1M
- 2.91%
- YTD
- 1.43%
- 6M
- 3.88%
- 1Y
- 1.31%
- 3Y*
- 3.06%
- 5Y*
- -2.05%
- 10Y*
- 0.74%
SGLN.L vs. UKRE.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% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 1.43% | 6.21% | -7.39% | 7.02% | -24.23% | 21.16% | -10.46% | 21.84% | -8.26% | 8.82% |
Correlation
The correlation between SGLN.L and UKRE.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 | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2015 | -0.03 |
The correlation between SGLN.L and UKRE.L shifts across timeframes, from -0.03 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. UKRE.L — Risk / Return Rank
SGLN.L
UKRE.L
SGLN.L vs. UKRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and iShares MSCI Target UK Real Estate UCITS ETF (UKRE.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 | UKRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.01 | +1.12 |
| Martin ratioReturn relative to average drawdown | 3.51 | 0.02 | +3.49 |
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Drawdowns
SGLN.L vs. UKRE.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than UKRE.L's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for SGLN.L and UKRE.L.
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Drawdown Indicators
| SGLN.L | UKRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -31.82% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -11.51% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -15.60% | -7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -31.82% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -31.82% | +8.95% |
Current DrawdownCurrent decline from peak | -20.64% | -19.10% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -11.98% | -12.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 4.79% | +2.58% |
Volatility
SGLN.L vs. UKRE.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) at 3.82%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than UKRE.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 | UKRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.82% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 10.13% | +10.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 12.71% | +11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.48% | +7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 13.76% | +5.08% |
SGLN.L vs. UKRE.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than UKRE.L's 0.40% expense ratio.
Dividends
SGLN.L vs. UKRE.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while UKRE.L's dividend yield for the trailing twelve months is around 6.71%.
| 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% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 6.71% | 7.07% | 7.68% | 5.20% | 1.90% | 0.86% | 1.45% | 2.09% | 2.60% | 2.31% | 1.76% | 0.86% |
Frequently Asked Questions
SGLN.L and UKRE.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 0.40% for UKRE.L.
SGLN.L is categorized as Gold, while UKRE.L is REIT. SGLN.L tracks LBMA Gold Price, while UKRE.L tracks MSCI UK IMI Liquid Real Estate Index. Their fees differ too: 0.12% for SGLN.L and 0.40% for UKRE.L.
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