SGLP.L vs. IWDP.L
SGLP.L (Invesco Physical Gold A) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, SGLP.L returned 13.00%/yr vs 4.14%/yr for IWDP.L. At a 0.14 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.59%/yr for IWDP.L.
Performance
SGLP.L vs. IWDP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLP.L achieves a -1.79% return, which is significantly lower than IWDP.L's 10.36% return. Over the past 10 years, SGLP.L has outperformed IWDP.L with an annualized return of 13.00%, while IWDP.L has yielded a comparatively lower 4.14% annualized return.
SGLP.L
- 1D
- 2.85%
- 1M
- -9.58%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
IWDP.L
- 1D
- 0.87%
- 1M
- 2.03%
- YTD
- 10.36%
- 6M
- 11.23%
- 1Y
- 14.79%
- 3Y*
- 7.08%
- 5Y*
- 1.91%
- 10Y*
- 4.14%
SGLP.L vs. IWDP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 10.36% | 1.72% | 1.23% | 3.99% | -14.93% | 26.93% | -12.50% | 17.32% | -0.09% | 1.36% |
Correlation
The correlation between SGLP.L and IWDP.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.14 |
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Return for Risk
SGLP.L vs. IWDP.L — Risk / Return Rank
SGLP.L
IWDP.L
SGLP.L vs. IWDP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SGLP.L | IWDP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.63 | -0.50 |
| Martin ratioReturn relative to average drawdown | 3.52 | 5.06 | -1.53 |
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Drawdowns
SGLP.L vs. IWDP.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than IWDP.L's maximum drawdown of -59.16%. Use the drawdown chart below to compare losses from any high point for SGLP.L and IWDP.L.
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Drawdown Indicators
| SGLP.L | IWDP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -59.16% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -8.61% | -14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -16.50% | -6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -26.31% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -35.61% | +12.79% |
Current DrawdownCurrent decline from peak | -20.62% | -0.24% | -20.38% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -11.12% | -20.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 2.78% | +4.57% |
Volatility
SGLP.L vs. IWDP.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 6.68% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 3.06%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than IWDP.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 | IWDP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.06% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 8.53% | +12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 11.01% | +12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 13.77% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 15.56% | +3.20% |
SGLP.L vs. IWDP.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than IWDP.L's 0.59% expense ratio.
Dividends
SGLP.L vs. IWDP.L - Dividend Comparison
SGLP.L has not paid dividends to shareholders, while IWDP.L's dividend yield for the trailing twelve months is around 2.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 2.93% | 3.14% | 3.18% | 3.14% | 3.56% | 2.17% | 3.11% | 3.03% | 3.82% | 3.05% | 2.96% | 2.93% |
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% |
Frequently Asked Questions
SGLP.L and IWDP.L have a correlation of 0.09, 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 0.59% for IWDP.L.
SGLP.L is categorized as Precious Metals, while IWDP.L is REIT. SGLP.L tracks Gold, while IWDP.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for SGLP.L and 0.59% for IWDP.L.
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