SGLN.L vs. XLEP.L
SGLN.L (iShares Physical Gold ETC) and XLEP.L (Invesco US Energy Sector UCITS ETF) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while XLEP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, SGLN.L returned 14.27%/yr vs 10.15%/yr for XLEP.L. At a 0.04 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.14%/yr for XLEP.L.
Performance
SGLN.L vs. XLEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLN.L achieves a 3.89% return, which is significantly lower than XLEP.L's 31.41% return. Over the past 10 years, SGLN.L has outperformed XLEP.L with an annualized return of 14.27%, while XLEP.L has yielded a comparatively lower 10.15% annualized 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%
XLEP.L
- 1D
- -0.21%
- 1M
- -0.08%
- YTD
- 31.41%
- 6M
- 28.36%
- 1Y
- 47.38%
- 3Y*
- 14.05%
- 5Y*
- 21.30%
- 10Y*
- 10.15%
SGLN.L vs. XLEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
XLEP.L Invesco US Energy Sector UCITS ETF | 31.41% | 1.41% | 4.85% | -5.07% | 81.43% | 53.83% | -35.01% | 5.84% | -13.66% | -9.87% |
Correlation
The correlation between SGLN.L and XLEP.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014 | 0.04 |
The correlation between SGLN.L and XLEP.L shifts across timeframes, from -0.07 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. XLEP.L — Risk / Return Rank
SGLN.L
XLEP.L
SGLN.L vs. XLEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Invesco US Energy Sector UCITS ETF (XLEP.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 | XLEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.92 | -1.00 |
| Martin ratioReturn relative to average drawdown | 5.05 | 9.27 | -4.22 |
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 | XLEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 2.02 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.81 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.36 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.25 | +0.30 |
Drawdowns
SGLN.L vs. XLEP.L - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -41.71%, smaller than the maximum XLEP.L drawdown of -63.35%. Use the drawdown chart below to compare losses from any high point for SGLN.L and XLEP.L.
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Drawdown Indicators
| SGLN.L | XLEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -63.35% | +21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -17.57% | -16.17% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -24.06% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -24.16% | +6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -21.91% | -63.35% | +41.44% |
Current DrawdownCurrent decline from peak | -16.01% | -8.08% | -7.93% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -16.96% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 5.10% | +1.57% |
Volatility
SGLN.L vs. XLEP.L - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 5.08%, while Invesco US Energy Sector UCITS ETF (XLEP.L) has a volatility of 8.92%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than XLEP.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 | XLEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 8.92% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 19.87% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 23.44% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 26.28% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 28.14% | -12.36% |
SGLN.L vs. XLEP.L - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than XLEP.L's 0.14% 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. XLEP.L - Dividend Comparison
Neither SGLN.L nor XLEP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and XLEP.L have a correlation of -0.07, 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 0.14% for XLEP.L.
SGLN.L is categorized as Gold, while XLEP.L is Energy Equities. SGLN.L tracks LBMA Gold Price, while XLEP.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SGLN.L and 0.14% for XLEP.L.
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