SGLP.L vs. IWQU.L
SGLP.L (Invesco Physical Gold A) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - SGLP.L is a Gold fund tracking the Gold, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, SGLP.L returned 13.00%/yr vs 13.33%/yr for IWQU.L. At a 0.05 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.30%/yr for IWQU.L.
Performance
SGLP.L vs. IWQU.L - Performance Comparison
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Different Trading Currencies
SGLP.L is traded in GBp, while IWQU.L is traded in USD. To make them comparable, the IWQU.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 -1.79% return, which is significantly lower than IWQU.L's 9.27% return. Both investments have delivered pretty close results over the past 10 years, with SGLP.L having a 13.00% annualized return and IWQU.L not far ahead at 13.33%.
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%
IWQU.L
- 1D
- 1.82%
- 1M
- 1.36%
- YTD
- 9.27%
- 6M
- 9.72%
- 1Y
- 22.85%
- 3Y*
- 15.45%
- 5Y*
- 11.42%
- 10Y*
- 13.33%
SGLP.L vs. IWQU.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% |
IWQU.L iShares MSCI World Quality Factor UCITS | 9.27% | 7.07% | 19.21% | 19.60% | -9.66% | 24.87% | 11.57% | 24.71% | -2.05% | 12.88% |
Correlation
The correlation between SGLP.L and IWQU.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.05 |
The correlation between SGLP.L and IWQU.L shifts across timeframes, from 0.01 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLP.L vs. IWQU.L — Risk / Return Rank
SGLP.L
IWQU.L
SGLP.L vs. IWQU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and iShares MSCI World Quality Factor UCITS (IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.34 | -2.21 |
| Martin ratioReturn relative to average drawdown | 3.52 | 13.22 | -9.70 |
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Drawdowns
SGLP.L vs. IWQU.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than IWQU.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for SGLP.L and IWQU.L.
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Drawdown Indicators
| SGLP.L | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -24.70% | -39.05% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -6.67% | -16.15% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -18.12% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -18.12% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -24.70% | +1.88% |
Current DrawdownCurrent decline from peak | -20.62% | 0.00% | -20.62% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -3.67% | -28.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 1.69% | +5.66% |
Volatility
SGLP.L vs. IWQU.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 6.68% compared to iShares MSCI World Quality Factor UCITS (IWQU.L) at 3.54%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.54% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 8.70% | +11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 11.26% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 14.50% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 15.51% | +3.25% |
SGLP.L vs. IWQU.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.
Dividends
SGLP.L vs. IWQU.L - Dividend Comparison
Neither SGLP.L nor IWQU.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and IWQU.L have a correlation of 0.19, 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 0.30% for IWQU.L.
SGLP.L is categorized as Gold, while IWQU.L is Global Equities. SGLP.L tracks Gold, while IWQU.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for SGLP.L and 0.30% for IWQU.L.
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