SGLO.L vs. ROLG.L
SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both exchange-traded funds - SGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, SGLO.L returned -1.81%/yr vs 14.55%/yr for ROLG.L. At a 0.12 correlation, their price movements are largely independent. SGLO.L charges 0.20%/yr vs 0.28%/yr for ROLG.L.
Performance
SGLO.L vs. ROLG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLO.L achieves a -0.79% return, which is significantly lower than ROLG.L's 27.75% return.
SGLO.L
- 1D
- -0.11%
- 1M
- 0.41%
- YTD
- -0.79%
- 6M
- -1.34%
- 1Y
- 1.82%
- 3Y*
- -0.41%
- 5Y*
- -1.81%
- 10Y*
- 0.35%
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 10Y*
- —
SGLO.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | -0.79% | 0.31% | -1.33% | -1.35% | -7.72% | -5.44% | 5.97% | 2.82% | 4.56% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
Correlation
The correlation between SGLO.L and ROLG.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.12 |
The correlation between SGLO.L and ROLG.L shifts across timeframes, from -0.05 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGLO.L vs. ROLG.L — Risk / Return Rank
SGLO.L
ROLG.L
SGLO.L vs. ROLG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) and iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| SGLO.L | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.47 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 6.47 | -6.02 |
| Martin ratioReturn relative to average drawdown | 0.90 | 18.28 | -17.38 |
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
| SGLO.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.65 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.82 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.59 | -0.40 |
Drawdowns
SGLO.L vs. ROLG.L - Drawdown Comparison
The maximum SGLO.L drawdown since its inception was -25.55%, which is greater than ROLG.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for SGLO.L and ROLG.L.
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Drawdown Indicators
| SGLO.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -22.66% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -6.81% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -13.27% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -19.85% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | — | — |
Current DrawdownCurrent decline from peak | -22.83% | -4.56% | -18.27% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -8.98% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.42% | -0.28% |
Volatility
SGLO.L vs. ROLG.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 5.90%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than ROLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLO.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 5.90% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 13.98% | -10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 16.69% | -11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 17.69% | -10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 16.98% | -8.21% |
SGLO.L vs. ROLG.L - Expense Ratio Comparison
SGLO.L has a 0.20% expense ratio, which is lower than ROLG.L's 0.28% expense ratio.
Dividends
SGLO.L vs. ROLG.L - Dividend Comparison
SGLO.L's dividend yield for the trailing twelve months is around 4.16%, while ROLG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | 4.16% | 3.86% | 3.15% | 1.87% | 0.95% | 0.85% | 1.35% | 1.60% | 1.37% | 1.26% | 1.34% | 0.89% |
Frequently Asked Questions
SGLO.L and ROLG.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLO.L is cheaper with a 0.20% expense ratio, compared with 0.28% for ROLG.L.
SGLO.L is categorized as Global Bonds, while ROLG.L is Commodities. SGLO.L tracks Bloomberg Global Aggregate TR USD, while ROLG.L tracks Bloomberg Roll Select Commodity. Their fees differ too: 0.20% for SGLO.L and 0.28% for ROLG.L.
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