SGLP.L vs. GLD
Compare and contrast key facts about Invesco Physical Gold A (SGLP.L) and SPDR Gold Trust (GLD).
SGLP.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both SGLP.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGLP.L or GLD.
Key characteristics
| SGLP.L | GLD | |
|---|---|---|
| YTD Return | 31.90% | 34.70% |
| 1Y Return | 30.31% | 39.88% |
| 3Y Return (Ann) | 18.01% | 15.65% |
| 5Y Return (Ann) | 12.75% | 12.60% |
| 10Y Return (Ann) | 11.12% | 8.64% |
| Sharpe Ratio | 2.48 | 2.77 |
| Sortino Ratio | 3.40 | 3.71 |
| Omega Ratio | 1.44 | 1.48 |
| Calmar Ratio | 5.08 | 5.27 |
| Martin Ratio | 12.36 | 17.98 |
| Ulcer Index | 2.52% | 2.18% |
| Daily Std Dev | 12.52% | 14.11% |
| Max Drawdown | -38.83% | -45.56% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SGLP.L and GLD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SGLP.L vs. GLD - Performance Comparison
In the year-to-date period, SGLP.L achieves a 31.90% return, which is significantly lower than GLD's 34.70% return. Over the past 10 years, SGLP.L has outperformed GLD with an annualized return of 11.12%, while GLD has yielded a comparatively lower 8.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SGLP.L vs. GLD - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
SGLP.L vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and SPDR Gold Trust (GLD). 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.
Dividends
SGLP.L vs. GLD - Dividend Comparison
Neither SGLP.L nor GLD has paid dividends to shareholders.
Drawdowns
SGLP.L vs. GLD - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SGLP.L and GLD. For additional features, visit the drawdowns tool.
Volatility
SGLP.L vs. GLD - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 3.20% compared to SPDR Gold Trust (GLD) at 2.94%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.