SGLN.L vs. VFEG.L
SGLN.L (iShares Physical Gold ETC) and VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, SGLN.L returned 19.24%/yr vs 5.67%/yr for VFEG.L. At a 0.14 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.22%/yr for VFEG.L.
Performance
SGLN.L vs. VFEG.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while VFEG.L is traded in GBP. To make them comparable, the VFEG.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 VFEG.L's 9.05% 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%
VFEG.L
- 1D
- -0.14%
- 1M
- -1.60%
- YTD
- 9.05%
- 6M
- 9.31%
- 1Y
- 26.30%
- 3Y*
- 14.10%
- 5Y*
- 5.67%
- 10Y*
- —
SGLN.L vs. VFEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | -5.90% |
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 9.05% | 17.15% | 14.12% | 1.28% | -7.26% | -0.01% | 11.28% | -15.84% |
Correlation
The correlation between SGLN.L and VFEG.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.14 |
The correlation between SGLN.L and VFEG.L shifts across timeframes, from 0.14 (5 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. VFEG.L — Risk / Return Rank
SGLN.L
VFEG.L
SGLN.L vs. VFEG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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 | VFEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.91 | -1.16 |
| Martin ratioReturn relative to average drawdown | 4.61 | 9.49 | -4.88 |
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 | VFEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.87 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.28 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.17 | +0.08 |
Drawdowns
SGLN.L vs. VFEG.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than VFEG.L's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SGLN.L and VFEG.L.
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Drawdown Indicators
| SGLN.L | VFEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -34.33% | -18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -18.04% | -8.99% | -9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -22.33% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -22.33% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -22.30% | — | — |
Current DrawdownCurrent decline from peak | -18.04% | -3.77% | -14.27% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -11.88% | -12.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 2.77% | +4.09% |
Volatility
SGLN.L vs. VFEG.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 4.84%, while Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a volatility of 5.25%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than VFEG.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 | VFEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 5.25% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 11.24% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 14.00% | +9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 20.27% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 22.19% | -3.39% |
SGLN.L vs. VFEG.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than VFEG.L's 0.22% 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. VFEG.L - Dividend Comparison
Neither SGLN.L nor VFEG.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and VFEG.L have a correlation of 0.25, 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 0.22% for VFEG.L.
SGLN.L is categorized as Gold, while VFEG.L is Emerging Markets Equities. SGLN.L tracks LBMA Gold Price, while VFEG.L tracks MSCI EM NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for SGLN.L and 0.22% for VFEG.L.
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