SGLP.L vs. FWRG.L
SGLP.L (Invesco Physical Gold A) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while FWRG.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 31.35% for FWRG.L. At a 0.07 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.15%/yr for FWRG.L.
Performance
SGLP.L vs. FWRG.L - Performance Comparison
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Different Trading Currencies
SGLP.L is traded in GBp, while FWRG.L is traded in USD. To make them comparable, the FWRG.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 FWRG.L's 12.38% 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%
FWRG.L
- 1D
- 0.00%
- 1M
- 6.33%
- YTD
- 12.38%
- 6M
- 11.63%
- 1Y
- 31.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGLP.L vs. FWRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 3.97% | 53.60% | 28.14% | 6.97% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 12.37% | 5.73% | 22.20% | 7.05% |
Correlation
The correlation between SGLP.L and FWRG.L is 0.10, 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 | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.07 |
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Return for Risk
SGLP.L vs. FWRG.L — Risk / Return Rank
SGLP.L
FWRG.L
SGLP.L vs. FWRG.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 Acc (FWRG.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 | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 4.66 | -2.78 |
| Martin ratioReturn relative to average drawdown | 5.06 | 12.25 | -7.18 |
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
| SGLP.L | FWRG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.45 | -0.99 |
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 | 1.10 | -0.56 |
Drawdowns
SGLP.L vs. FWRG.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than FWRG.L's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for SGLP.L and FWRG.L.
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Drawdown Indicators
| SGLP.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -22.64% | -16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -6.70% | -11.19% |
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% | -0.12% | -15.85% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -4.29% | -9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 2.55% | +4.10% |
Volatility
SGLP.L vs. FWRG.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 5.10% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 3.57%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than FWRG.L 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 | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 3.57% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 9.19% | +10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 12.72% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 14.76% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 14.76% | +0.96% |
SGLP.L vs. FWRG.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than FWRG.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. FWRG.L - Dividend Comparison
Neither SGLP.L nor FWRG.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and FWRG.L have a correlation of 0.10, 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 FWRG.L.
SGLP.L is categorized as Precious Metals, while FWRG.L is Global Equities. SGLP.L tracks Gold, while FWRG.L tracks FTSE All-World Index. Their fees differ too: 0.12% for SGLP.L and 0.15% for FWRG.L.
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