SGLN.L vs. XMME.DE
SGLN.L (iShares Physical Gold ETC) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both exchange-traded funds - SGLN.L is a Gold fund tracking the LBMA Gold Price, while XMME.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, SGLN.L returned 18.64%/yr vs 8.28%/yr for XMME.DE. At a 0.11 correlation, their price movements are largely independent. SGLN.L charges 0.12%/yr vs 0.18%/yr for XMME.DE.
Performance
SGLN.L vs. XMME.DE - Performance Comparison
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Different Trading Currencies
SGLN.L is traded in GBp, while XMME.DE is traded in EUR. To make them comparable, the XMME.DE 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 XMME.DE's 25.46% 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%
XMME.DE
- 1D
- 3.23%
- 1M
- 0.69%
- YTD
- 25.46%
- 6M
- 26.69%
- 1Y
- 49.84%
- 3Y*
- 19.84%
- 5Y*
- 8.28%
- 10Y*
- —
SGLN.L vs. XMME.DE - 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% | -2.73% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 25.46% | 24.87% | 8.86% | 3.78% | -10.34% | -2.64% | 12.60% | 15.57% | -9.91% | -1.54% |
Correlation
The correlation between SGLN.L and XMME.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2017 | 0.11 |
The correlation between SGLN.L and XMME.DE shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLN.L vs. XMME.DE — Risk / Return Rank
SGLN.L
XMME.DE
SGLN.L vs. XMME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (SGLN.L) and Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE). 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 | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 4.36 | -3.23 |
| Martin ratioReturn relative to average drawdown | 3.51 | 14.91 | -11.40 |
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Drawdowns
SGLN.L vs. XMME.DE - Drawdown Comparison
The maximum SGLN.L drawdown since its inception was -53.23%, which is greater than XMME.DE's maximum drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for SGLN.L and XMME.DE.
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Drawdown Indicators
| SGLN.L | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -27.83% | -25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -10.98% | -11.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -16.66% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -24.42% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -22.87% | — | — |
Current DrawdownCurrent decline from peak | -20.64% | -3.59% | -17.05% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -10.25% | -14.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 3.22% | +4.15% |
Volatility
SGLN.L vs. XMME.DE - Volatility Comparison
The current volatility for iShares Physical Gold ETC (SGLN.L) is 6.68%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that SGLN.L experiences smaller price fluctuations and is considered to be less risky than XMME.DE 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 | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 7.48% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 20.78% | 15.58% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 17.88% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 16.62% | +5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 18.67% | +0.17% |
SGLN.L vs. XMME.DE - Expense Ratio Comparison
SGLN.L has a 0.12% expense ratio, which is lower than XMME.DE's 0.18% 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. XMME.DE - Dividend Comparison
Neither SGLN.L nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
SGLN.L and XMME.DE have a correlation of 0.25, 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 0.18% for XMME.DE.
SGLN.L is categorized as Gold, while XMME.DE is Emerging Markets Equities. SGLN.L tracks LBMA Gold Price, while XMME.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for SGLN.L and 0.18% for XMME.DE.
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