SGLP.L vs. FWRA.L
SGLP.L (Invesco Physical Gold A) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SGLP.L returned 33.77% vs 30.18% for FWRA.L. At a 0.06 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.15%/yr for FWRA.L.
Performance
SGLP.L vs. FWRA.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while FWRA.L is traded in USD. To make them comparable, the FWRA.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 3.97% return, which is significantly lower than FWRA.L's 12.15% return.
SGLP.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.97%
- 6M
- 5.45%
- 1Y
- 33.77%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- 14.26%
FWRA.L
- 1D
- 0.00%
- 1M
- 5.33%
- YTD
- 12.15%
- 6M
- 12.33%
- 1Y
- 30.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGLP.L vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 3.97% | 53.60% | 28.14% | 6.97% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 12.04% | 13.65% | 20.13% | 8.18% |
Correlation
The correlation between SGLP.L and FWRA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.06 |
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. FWRA.L — Risk / Return Rank
SGLP.L
FWRA.L
SGLP.L vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| SGLP.L | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 4.33 | -2.45 |
| Martin ratioReturn relative to average drawdown | 5.06 | 16.50 | -11.44 |
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 | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.54 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.44 | -0.91 |
Drawdowns
SGLP.L vs. FWRA.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than FWRA.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for SGLP.L and FWRA.L.
Loading charts...
Drawdown Indicators
| SGLP.L | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -17.86% | -20.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -6.91% | -10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -15.97% | -0.38% | -15.59% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -2.09% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 1.82% | +4.83% |
Volatility
SGLP.L vs. FWRA.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 5.10% compared to Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) at 3.67%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 3.67% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 9.28% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 11.79% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 12.93% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 12.93% | +2.79% |
SGLP.L vs. FWRA.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than FWRA.L's 0.15% 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
SGLP.L vs. FWRA.L - Dividend Comparison
Neither SGLP.L nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and FWRA.L have a correlation of 0.16, 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 0.15% for FWRA.L.
SGLP.L is categorized as Precious Metals, while FWRA.L is Global Equities. SGLP.L tracks Gold, while FWRA.L tracks FTSE All-World Index. Their fees differ too: 0.12% for SGLP.L and 0.15% for FWRA.L.
Find the right allocation for SGLP.L and FWRA.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