SGLP.L vs. IAUM
Compare and contrast key facts about Invesco Physical Gold A (SGLP.L) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
SGLP.L and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both SGLP.L and IAUM 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 IAUM.
Key characteristics
| SGLP.L | IAUM | |
|---|---|---|
| YTD Return | 26.59% | 29.56% |
| 1Y Return | 30.08% | 39.08% |
| 3Y Return (Ann) | 16.71% | 14.76% |
| Sharpe Ratio | 2.20 | 2.81 |
| Sortino Ratio | 3.07 | 3.78 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 4.60 | 6.11 |
| Martin Ratio | 10.13 | 17.90 |
| Ulcer Index | 2.79% | 2.20% |
| Daily Std Dev | 12.82% | 13.99% |
| Max Drawdown | -38.83% | -20.87% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SGLP.L and IAUM is 0.81, 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. IAUM - Performance Comparison
In the year-to-date period, SGLP.L achieves a 26.59% return, which is significantly lower than IAUM's 29.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SGLP.L vs. IAUM - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than IAUM'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%.
Risk-Adjusted Performance
SGLP.L vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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. IAUM - Dividend Comparison
Neither SGLP.L nor IAUM has paid dividends to shareholders.
Drawdowns
SGLP.L vs. IAUM - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for SGLP.L and IAUM. For additional features, visit the drawdowns tool.
Volatility
SGLP.L vs. IAUM - Volatility Comparison
Invesco Physical Gold A (SGLP.L) and iShares Gold Trust Micro ETF of Benef Interest (IAUM) have volatilities of 3.39% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.