SGLN.L vs. VAGP.L
SGLN.L (iShares Physical Gold ETC) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while VAGP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs -0.33%/yr for VAGP.L. At a 0.21 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.10%/yr for VAGP.L.
Performance
SGLN.L vs. VAGP.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while VAGP.L is traded in GBP. To make them comparable, the VAGP.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 -1.83% return, which is significantly lower than VAGP.L's 0.30% 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%
VAGP.L
- 1D
- 0.18%
- 1M
- 0.48%
- YTD
- 0.30%
- 6M
- 0.92%
- 1Y
- 3.26%
- 3Y*
- 3.87%
- 5Y*
- -0.33%
- 10Y*
- —
SGLN.L vs. VAGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 7.99% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.30% | 4.93% | 2.54% | 5.85% | -13.82% | -2.05% | 5.34% | 2.12% |
Correlation
The correlation between SGLN.L and VAGP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.21 |
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Return for Risk
SGLN.L vs. VAGP.L — Risk / Return Rank
SGLN.L
VAGP.L
SGLN.L vs. VAGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.09 | +0.04 |
| Martin ratioReturn relative to average drawdown | 3.51 | 3.10 | +0.41 |
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Drawdowns
SGLN.L vs. VAGP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for SGLN.L and VAGP.L.
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Drawdown Indicators
| SGLN.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -18.13% | -35.10% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -2.77% | -20.10% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -4.01% | -18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -17.71% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -3.65% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -6.65% | -18.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 0.98% | +6.39% |
Volatility
SGLN.L vs. VAGP.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) at 1.42%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 1.42% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 2.81% | +17.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 3.38% | +20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 4.79% | +17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 4.50% | +14.34% |
SGLN.L vs. VAGP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than VAGP.L's 0.10% expense ratio. However, 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. VAGP.L - Dividend Comparison
SGLN.L has not paid dividends to shareholders, while VAGP.L's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% |
Frequently Asked Questions
SGLN.L and VAGP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while VAGP.L is Global Bonds. SGLN.L tracks LBMA Gold Price, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for SGLN.L and 0.10% for VAGP.L.
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