SGLP.L vs. IDTP.L
SGLP.L (Invesco Physical Gold A) and IDTP.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while IDTP.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, SGLP.L returned 14.26%/yr vs 3.38%/yr for IDTP.L. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
SGLP.L vs. IDTP.L - Performance Comparison
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Different Trading Currencies
SGLP.L is traded in GBp, while IDTP.L is traded in USD. To make them comparable, the IDTP.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 higher than IDTP.L's 1.47% return. Over the past 10 years, SGLP.L has outperformed IDTP.L with an annualized return of 14.26%, while IDTP.L has yielded a comparatively lower 3.38% annualized return.
SGLP.L
- 1D
- 0.70%
- 1M
- -3.54%
- YTD
- 3.97%
- 6M
- 5.23%
- 1Y
- 34.67%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- 14.26%
IDTP.L
- 1D
- 0.01%
- 1M
- 1.18%
- YTD
- 1.47%
- 6M
- 0.61%
- 1Y
- 6.01%
- 3Y*
- 1.20%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
SGLP.L vs. IDTP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 3.97% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
IDTP.L iShares $ TIPS UCITS ETF USD (Acc) | 1.47% | -0.68% | 3.94% | -1.47% | -2.38% | 7.17% | 7.72% | 4.55% | 4.42% | -5.65% |
Correlation
The correlation between SGLP.L and IDTP.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | 0.32 |
The correlation between SGLP.L and IDTP.L shifts across timeframes, from -0.05 (1 year) to 0.35 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLP.L vs. IDTP.L — Risk / Return Rank
SGLP.L
IDTP.L
SGLP.L vs. IDTP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares $ TIPS UCITS ETF USD (Acc) (IDTP.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 | IDTP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.99 | +0.89 |
| Martin ratioReturn relative to average drawdown | 5.06 | 2.60 | +2.46 |
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 | IDTP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.85 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.22 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.31 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.50 | +0.03 |
Drawdowns
SGLP.L vs. IDTP.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than IDTP.L's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for SGLP.L and IDTP.L.
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Drawdown Indicators
| SGLP.L | IDTP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -17.38% | -21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -5.83% | -12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -8.23% | -9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -16.60% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | -16.60% | -5.74% |
Current DrawdownCurrent decline from peak | -15.97% | -8.84% | -7.13% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -6.75% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 2.22% | +4.43% |
Volatility
SGLP.L vs. IDTP.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 5.10% compared to iShares $ TIPS UCITS ETF USD (Acc) (IDTP.L) at 1.51%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than IDTP.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 | IDTP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.51% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 5.29% | +14.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 6.76% | +16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 9.12% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 10.72% | +5.00% |
SGLP.L vs. IDTP.L - Expense Ratio Comparison
Both SGLP.L and IDTP.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SGLP.L vs. IDTP.L - Dividend Comparison
Neither SGLP.L nor IDTP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and IDTP.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L and IDTP.L have the same expense ratio: 0.12% per year.
SGLP.L is categorized as Precious Metals, while IDTP.L is Inflation-Protected Bonds. SGLP.L tracks Gold, while IDTP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Invesco and iShares.
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