SGLP.L vs. CSSX5E.MI
SGLP.L (Invesco Physical Gold A) and CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) are both exchange-traded funds - SGLP.L is a Gold fund tracking the Gold, while CSSX5E.MI is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 10 years, SGLP.L returned 13.44%/yr vs 12.40%/yr for CSSX5E.MI. At a 0.01 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.10%/yr for CSSX5E.MI.
Performance
SGLP.L vs. CSSX5E.MI - Performance Comparison
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Different Trading Currencies
SGLP.L is traded in GBp, while CSSX5E.MI is traded in EUR. To make them comparable, the CSSX5E.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGLP.L achieves a 1.23% return, which is significantly lower than CSSX5E.MI's 8.31% return. Over the past 10 years, SGLP.L has outperformed CSSX5E.MI with an annualized return of 13.44%, while CSSX5E.MI has yielded a comparatively lower 12.40% annualized return.
SGLP.L
- 1D
- 3.07%
- 1M
- -4.98%
- YTD
- 1.23%
- 6M
- 0.99%
- 1Y
- 28.56%
- 3Y*
- 28.32%
- 5Y*
- 19.60%
- 10Y*
- 13.44%
CSSX5E.MI
- 1D
- 0.92%
- 1M
- 6.30%
- YTD
- 8.31%
- 6M
- 8.67%
- 1Y
- 22.61%
- 3Y*
- 16.02%
- 5Y*
- 11.85%
- 10Y*
- 12.40%
SGLP.L vs. CSSX5E.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 1.23% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 8.31% | 29.45% | 6.10% | 20.33% | -4.25% | 14.90% | 3.28% | 22.31% | -10.72% | 14.65% |
Correlation
The correlation between SGLP.L and CSSX5E.MI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2010 | 0.01 |
The correlation between SGLP.L and CSSX5E.MI shifts across timeframes, from -0.00 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLP.L vs. CSSX5E.MI — Risk / Return Rank
SGLP.L
CSSX5E.MI
SGLP.L vs. CSSX5E.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI). 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.
| SGLP.L | CSSX5E.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.97 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.83 | 6.59 | -2.76 |
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Drawdowns
SGLP.L vs. CSSX5E.MI - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than CSSX5E.MI's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for SGLP.L and CSSX5E.MI.
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Drawdown Indicators
| SGLP.L | CSSX5E.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -34.50% | -29.25% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -11.45% | -11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -14.37% | -8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -22.06% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -30.91% | +8.09% |
Current DrawdownCurrent decline from peak | -18.18% | 0.00% | -18.18% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -7.21% | -24.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.44% | 3.43% | +4.01% |
Volatility
SGLP.L vs. CSSX5E.MI - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 7.53% compared to iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) at 4.22%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than CSSX5E.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLP.L | CSSX5E.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 4.22% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 13.08% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 15.76% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 17.71% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 18.14% | +0.63% |
SGLP.L vs. CSSX5E.MI - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is higher than CSSX5E.MI's 0.10% 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
SGLP.L vs. CSSX5E.MI - Dividend Comparison
Neither SGLP.L nor CSSX5E.MI has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and CSSX5E.MI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLP.L.
SGLP.L is categorized as Gold, while CSSX5E.MI is Europe Equities. SGLP.L tracks Gold, while CSSX5E.MI tracks EURO STOXX® 50. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for SGLP.L and 0.10% for CSSX5E.MI.
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