SGLN.L vs. XGDU.L
SGLN.L (iShares Physical Gold ETC) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while XGDU.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, SGLN.L returned 20.12%/yr vs 19.89%/yr for XGDU.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
SGLN.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while XGDU.L is traded in USD. To make them comparable, the XGDU.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 3.89% return, which is significantly lower than XGDU.L's 4.19% return.
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
XGDU.L
- 1D
- 0.58%
- 1M
- -1.49%
- YTD
- 4.19%
- 6M
- 5.25%
- 1Y
- 33.63%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- —
SGLN.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 0.19% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 4.19% | 52.97% | 28.40% | 7.78% | 11.98% | -3.90% | 1.09% |
Correlation
The correlation between SGLN.L and XGDU.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2020 | 0.86 |
The correlation between SGLN.L and XGDU.L shifts across timeframes, from 0.86 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. XGDU.L — Risk / Return Rank
SGLN.L
XGDU.L
SGLN.L vs. XGDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.90 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.05 | 5.03 | +0.01 |
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 | XGDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.39 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.94 | -0.39 |
Drawdowns
SGLN.L vs. XGDU.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, which is greater than XGDU.L's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for SGLN.L and XGDU.L.
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Drawdown Indicators
| SGLN.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -22.90% | -18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -17.64% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -17.64% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -17.64% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | — | — |
Current DrawdownCurrent decline from peak | -16.01% | -15.91% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -6.61% | -8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 6.67% | 0.00% |
Volatility
SGLN.L vs. XGDU.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 5.08%, while Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a volatility of 5.97%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.97% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 21.20% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 24.12% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 16.76% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 16.83% | -1.05% |
SGLN.L vs. XGDU.L - Expense Ratio Comparison
Both SGLN.L and XGDU.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SGLN.L vs. XGDU.L - Dividend Comparison
Neither SGLN.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SGLN.L and XGDU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L and XGDU.L have the same expense ratio: 0.12% per year.
SGLN.L is categorized as Gold, while XGDU.L is Precious Metals. SGLN.L tracks LBMA Gold Price, while XGDU.L tracks Gold. They also come from different issuers: iShares and Xtrackers.
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