SGLP.L vs. DTLA.L
SGLP.L (Invesco Physical Gold A) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, SGLP.L returned 18.64%/yr vs -5.40%/yr for DTLA.L. At a 0.29 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.07%/yr for DTLA.L.
Performance
SGLP.L vs. DTLA.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while DTLA.L is traded in USD. To make them comparable, the DTLA.L 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 -1.79% return, which is significantly lower than DTLA.L's -0.35% return.
SGLP.L
- 1D
- 2.85%
- 1M
- -9.58%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
DTLA.L
- 1D
- 0.52%
- 1M
- 1.07%
- YTD
- -0.35%
- 6M
- 0.63%
- 1Y
- 5.60%
- 3Y*
- -3.19%
- 5Y*
- -5.40%
- 10Y*
- —
SGLP.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 3.56% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.35% | -2.95% | -5.28% | -3.39% | -22.00% | -3.56% | 13.56% | 11.29% | 9.79% |
Correlation
The correlation between SGLP.L and DTLA.L is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.29 |
Over the past year, the correlation between SGLP.L and DTLA.L has dropped to 0.04 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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. DTLA.L — Risk / Return Rank
SGLP.L
DTLA.L
SGLP.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.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.
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 | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.58 | +0.55 |
| Martin ratioReturn relative to average drawdown | 3.52 | 1.23 | +2.30 |
Loading charts...
Drawdowns
SGLP.L vs. DTLA.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than DTLA.L's maximum drawdown of -48.59%. Use the drawdown chart below to compare losses from any high point for SGLP.L and DTLA.L.
Loading charts...
Drawdown Indicators
| SGLP.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -48.59% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -8.53% | -14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -17.40% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -39.59% | +16.77% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | — | — |
Current DrawdownCurrent decline from peak | -20.62% | -44.48% | +23.86% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -26.35% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 4.07% | +3.28% |
Volatility
SGLP.L vs. DTLA.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 6.68% compared to iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) at 3.16%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.16% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 7.46% | +13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 10.43% | +13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 15.83% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 16.15% | +2.61% |
SGLP.L vs. DTLA.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is higher than DTLA.L's 0.07% 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. DTLA.L - Dividend Comparison
Neither SGLP.L nor DTLA.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and DTLA.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SGLP.L.
SGLP.L is categorized as Precious Metals, while DTLA.L is Government Bonds. SGLP.L tracks Gold, while DTLA.L tracks ICE US Treasury 20+ Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for SGLP.L and 0.07% for DTLA.L.
Find the right allocation for SGLP.L and DTLA.L
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