SGLP.L vs. DBJP
SGLP.L (Invesco Physical Gold A) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 10 years, SGLP.L returned 14.26%/yr vs 16.87%/yr for DBJP. At a correlation of -0.03, they often move in opposite directions. SGLP.L charges 0.12%/yr vs 0.45%/yr for DBJP.
Performance
SGLP.L vs. DBJP - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while DBJP is traded in USD. To make them comparable, the DBJP 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 3.97% return, which is significantly lower than DBJP's 17.84% return. Over the past 10 years, SGLP.L has underperformed DBJP with an annualized return of 14.26%, while DBJP has yielded a comparatively higher 16.87% annualized return.
SGLP.L
- 1D
- 0.70%
- 1M
- -3.54%
- YTD
- 3.97%
- 6M
- 5.23%
- 1Y
- 34.67%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- 14.26%
DBJP
- 1D
- -2.89%
- 1M
- 3.56%
- YTD
- 17.84%
- 6M
- 18.29%
- 1Y
- 52.19%
- 3Y*
- 24.00%
- 5Y*
- 22.11%
- 10Y*
- 16.87%
SGLP.L vs. DBJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 3.97% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 17.84% | 20.28% | 27.72% | 29.40% | 7.21% | 14.11% | 7.29% | 16.27% | -9.77% | 10.75% |
Correlation
The correlation between SGLP.L and DBJP is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | -0.03 |
The correlation between SGLP.L and DBJP shifts across timeframes, from -0.05 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGLP.L vs. DBJP — Risk / Return Rank
SGLP.L
DBJP
SGLP.L vs. DBJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.
| SGLP.L | DBJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.50 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 5.81 | -3.93 |
| Martin ratioReturn relative to average drawdown | 5.06 | 21.83 | -16.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SGLP.L | DBJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.83 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.16 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.83 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.71 | -0.18 |
Drawdowns
SGLP.L vs. DBJP - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than DBJP's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for SGLP.L and DBJP.
Loading charts...
Drawdown Indicators
| SGLP.L | DBJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -27.70% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -9.03% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -21.07% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -21.07% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | -27.70% | +5.36% |
Current DrawdownCurrent decline from peak | -15.97% | -2.89% | -13.08% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -6.54% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 2.40% | +4.25% |
Volatility
SGLP.L vs. DBJP - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 5.10% compared to Xtrackers MSCI Japan Hedged Equity ETF (DBJP) at 4.20%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | DBJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 4.20% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 13.44% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 18.56% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 19.21% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 20.31% | -4.59% |
SGLP.L vs. DBJP - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than DBJP's 0.45% expense ratio.
Dividends
SGLP.L vs. DBJP - Dividend Comparison
SGLP.L has not paid dividends to shareholders, while DBJP's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 2.41% | 2.81% | 2.80% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% |
SGLP.L Invesco Physical Gold A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLP.L and DBJP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.45% for DBJP.
SGLP.L is categorized as Precious Metals, while DBJP is Japan Equities. SGLP.L tracks Gold, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.12% for SGLP.L and 0.45% for DBJP.
Find the right allocation for SGLP.L and DBJP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer