SGLN.L vs. VUAG.L
SGLN.L (iShares Physical Gold ETC) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs 14.39%/yr for VUAG.L. At a 0.03 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.07%/yr for VUAG.L.
Performance
SGLN.L vs. VUAG.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while VUAG.L is traded in GBP. To make them comparable, the VUAG.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 VUAG.L's 8.79% 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%
VUAG.L
- 1D
- 1.48%
- 1M
- -0.32%
- YTD
- 8.79%
- 6M
- 9.16%
- 1Y
- 26.56%
- 3Y*
- 18.26%
- 5Y*
- 14.39%
- 10Y*
- —
SGLN.L vs. VUAG.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% | 14.91% |
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating | 8.79% | 9.36% | 27.34% | 19.65% | -8.87% | 30.97% | 16.23% | -12.98% |
Correlation
The correlation between SGLN.L and VUAG.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.03 |
The correlation between SGLN.L and VUAG.L shifts across timeframes, from 0.01 (5 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. VUAG.L — Risk / Return Rank
SGLN.L
VUAG.L
SGLN.L vs. VUAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.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 | VUAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.66 | -2.53 |
| Martin ratioReturn relative to average drawdown | 3.51 | 13.20 | -9.69 |
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Drawdowns
SGLN.L vs. VUAG.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than VUAG.L's maximum drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for SGLN.L and VUAG.L.
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Drawdown Indicators
| SGLN.L | VUAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -30.82% | -22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -7.11% | -15.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -20.88% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -20.88% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -1.82% | -18.82% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -5.47% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 1.98% | +5.39% |
Volatility
SGLN.L vs. VUAG.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) at 3.57%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than VUAG.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 | VUAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.57% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 7.56% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 10.90% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 14.36% | +7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 17.88% | +0.96% |
SGLN.L vs. VUAG.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than VUAG.L's 0.07% 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. VUAG.L - Dividend Comparison
Neither SGLN.L nor VUAG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.80% |
Frequently Asked Questions
SGLN.L and VUAG.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, VUAG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAG.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while VUAG.L is S&P 500. SGLN.L tracks LBMA Gold Price, while VUAG.L tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for SGLN.L and 0.07% for VUAG.L.
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