SGLN.L vs. XDAX.L
SGLN.L (iShares Physical Gold ETC) and XDAX.L (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past 10 years, SGLN.L returned 13.01%/yr vs 7.87%/yr for XDAX.L. At a correlation of -0.03, they often move in opposite directions. SGLN.L charges 0.12%/yr vs 0.09%/yr for XDAX.L.
Performance
SGLN.L vs. XDAX.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 XDAX.L's -1.06% return. Over the past 10 years, SGLN.L has outperformed XDAX.L with an annualized return of 13.01%, while XDAX.L has yielded a comparatively lower 7.87% annualized return.
SGLN.L
- 1D
- 2.90%
- 1M
- -9.40%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 25.94%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
XDAX.L
- 1D
- 1.70%
- 1M
- 1.66%
- YTD
- -1.06%
- 6M
- -0.40%
- 1Y
- 4.61%
- 3Y*
- 14.74%
- 5Y*
- 9.05%
- 10Y*
- 7.87%
SGLN.L vs. XDAX.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% |
XDAX.L Xtrackers DAX UCITS ETF 1C | -1.06% | 28.81% | 13.14% | 17.20% | -7.58% | 7.86% | 9.38% | 16.48% | -17.14% | -0.54% |
Correlation
The correlation between SGLN.L and XDAX.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | -0.03 |
The correlation between SGLN.L and XDAX.L shifts across timeframes, from -0.03 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. XDAX.L — Risk / Return Rank
SGLN.L
XDAX.L
SGLN.L vs. XDAX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Xtrackers DAX UCITS ETF 1C (XDAX.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 | XDAX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.36 | +0.77 |
| Martin ratioReturn relative to average drawdown | 3.51 | 1.13 | +2.38 |
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Drawdowns
SGLN.L vs. XDAX.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, roughly equal to the maximum XDAX.L drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for SGLN.L and XDAX.L.
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Drawdown Indicators
| SGLN.L | XDAX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -53.95% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -12.83% | -10.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -13.98% | -8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -23.44% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | -43.99% | +21.12% |
Current DrawdownCurrent decline from peak | -20.64% | -4.51% | -16.13% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -13.19% | -11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 4.06% | +3.31% |
Volatility
SGLN.L vs. XDAX.L - Volatility Comparison
iShares Physical Gold ETC (SGLN.L) has a higher volatility of 6.68% compared to Xtrackers DAX UCITS ETF 1C (XDAX.L) at 4.27%. This indicates that SGLN.L's price experiences larger fluctuations and is considered to be riskier than XDAX.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 | XDAX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 4.27% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 12.53% | +8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 15.30% | +8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 18.95% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 19.54% | -0.70% |
SGLN.L vs. XDAX.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is higher than XDAX.L's 0.09% 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. XDAX.L - Dividend Comparison
Neither SGLN.L nor XDAX.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and XDAX.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDAX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDAX.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SGLN.L.
SGLN.L is categorized as Gold, while XDAX.L is Europe Equities. SGLN.L tracks LBMA Gold Price, while XDAX.L tracks FSE DAX TR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for SGLN.L and 0.09% for XDAX.L.
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