SGLP.L vs. IBTM.L
Compare and contrast key facts about Invesco Physical Gold A (SGLP.L) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L).
SGLP.L and IBTM.L 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. IBTM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Dec 8, 2006. Both SGLP.L and IBTM.L 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 IBTM.L.
Key characteristics
| SGLP.L | IBTM.L | |
|---|---|---|
| YTD Return | 17.81% | -0.17% |
| 1Y Return | 24.18% | 2.44% |
| 3Y Return (Ann) | 13.52% | -1.49% |
| 5Y Return (Ann) | 8.96% | -1.94% |
| 10Y Return (Ann) | 9.14% | 4.10% |
| Sharpe Ratio | 1.84 | 0.27 |
| Daily Std Dev | 13.01% | 7.74% |
| Max Drawdown | -38.83% | -25.39% |
| Current Drawdown | -0.87% | -21.45% |
Correlation
The correlation between SGLP.L and IBTM.L is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SGLP.L vs. IBTM.L - Performance Comparison
In the year-to-date period, SGLP.L achieves a 17.81% return, which is significantly higher than IBTM.L's -0.17% return. Over the past 10 years, SGLP.L has outperformed IBTM.L with an annualized return of 9.14%, while IBTM.L has yielded a comparatively lower 4.10% annualized 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. IBTM.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is higher than IBTM.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%.
Risk-Adjusted Performance
SGLP.L vs. IBTM.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.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.
Dividends
SGLP.L vs. IBTM.L - Dividend Comparison
SGLP.L has not paid dividends to shareholders, while IBTM.L's dividend yield for the trailing twelve months is around 4.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.42% | 3.93% | 2.34% | 1.57% | 2.13% | 3.25% | 3.07% | 2.64% | 2.40% | 3.01% | 3.44% | 3.02% |
Drawdowns
SGLP.L vs. IBTM.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than IBTM.L's maximum drawdown of -25.39%. Use the drawdown chart below to compare losses from any high point for SGLP.L and IBTM.L. For additional features, visit the drawdowns tool.
Volatility
SGLP.L vs. IBTM.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 3.73% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) at 1.84%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than IBTM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.