SGLN.L vs. X7PP.L
SGLN.L (iShares Physical Gold ETC) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 16.26%/yr for X7PP.L. At a correlation of -0.12, they often move in opposite directions. SGLN.L charges 0.12%/yr vs 0.20%/yr for X7PP.L.
Performance
SGLN.L vs. X7PP.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 X7PP.L's 7.48% return. Over the past 10 years, SGLN.L has underperformed X7PP.L with an annualized return of 13.01%, while X7PP.L has yielded a comparatively higher 16.26% 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%
X7PP.L
- 1D
- 4.06%
- 1M
- 5.15%
- YTD
- 7.48%
- 6M
- 11.87%
- 1Y
- 46.89%
- 3Y*
- 43.37%
- 5Y*
- 28.29%
- 10Y*
- 16.26%
SGLN.L vs. X7PP.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% |
X7PP.L Invesco European Banks Sector UCITS ETF | 7.48% | 87.77% | 27.07% | 23.27% | 6.04% | 29.16% | -18.50% | 8.33% | -26.15% | 16.53% |
Correlation
The correlation between SGLN.L and X7PP.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | -0.12 |
The correlation between SGLN.L and X7PP.L shifts across timeframes, from -0.12 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. X7PP.L — Risk / Return Rank
SGLN.L
X7PP.L
SGLN.L vs. X7PP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Invesco European Banks Sector UCITS ETF (X7PP.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 | X7PP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.79 | -1.66 |
| Martin ratioReturn relative to average drawdown | 3.51 | 9.30 | -5.79 |
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Drawdowns
SGLN.L vs. X7PP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, smaller than the maximum X7PP.L drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for SGLN.L and X7PP.L.
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Drawdown Indicators
| SGLN.L | X7PP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -56.28% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -15.94% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -18.17% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -30.79% | +7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -56.28% | +33.41% |
Current DrawdownCurrent decline from peak | -20.64% | 0.00% | -20.64% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -15.39% | -9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 4.79% | +2.58% |
Volatility
SGLN.L vs. X7PP.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Invesco European Banks Sector UCITS ETF (X7PP.L) at 6.12%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than X7PP.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 | X7PP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 6.12% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 18.15% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 22.12% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 23.54% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 24.57% | -5.73% |
SGLN.L vs. X7PP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than X7PP.L's 0.20% 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. X7PP.L - Dividend Comparison
Neither SGLN.L nor X7PP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and X7PP.L have a correlation of 0.14, 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 0.20% for X7PP.L.
SGLN.L is categorized as Gold, while X7PP.L is Financials Equities. SGLN.L tracks LBMA Gold Price, while X7PP.L tracks MSCI World/Financials NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SGLN.L and 0.20% for X7PP.L.
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