SGLP.L vs. SC0U.DE
SGLP.L (Invesco Physical Gold A) and SC0U.DE (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - SGLP.L is a Gold fund tracking the Gold, while SC0U.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Banks. Both are passively managed. Over the past 10 years, SGLP.L returned 13.00%/yr vs 16.29%/yr for SC0U.DE. At a correlation of -0.07, they often move in opposite directions. SGLP.L charges 0.12%/yr vs 0.20%/yr for SC0U.DE.
Performance
SGLP.L vs. SC0U.DE - Performance Comparison
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Different Trading Currencies
SGLP.L is traded in GBp, while SC0U.DE is traded in EUR. To make them comparable, the SC0U.DE 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 SC0U.DE's 7.34% return. Over the past 10 years, SGLP.L has underperformed SC0U.DE with an annualized return of 13.00%, while SC0U.DE has yielded a comparatively higher 16.29% annualized return.
SGLP.L
- 1D
- 2.85%
- 1M
- -7.81%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
SC0U.DE
- 1D
- 4.27%
- 1M
- 6.21%
- YTD
- 7.34%
- 6M
- 12.39%
- 1Y
- 47.33%
- 3Y*
- 43.48%
- 5Y*
- 28.30%
- 10Y*
- 16.29%
SGLP.L vs. SC0U.DE - 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% |
SC0U.DE Invesco European Banks Sector UCITS ETF | 7.34% | 89.33% | 26.71% | 23.42% | 5.40% | 28.00% | -18.26% | 9.49% | -25.74% | 15.66% |
Correlation
The correlation between SGLP.L and SC0U.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | -0.07 |
The correlation between SGLP.L and SC0U.DE shifts across timeframes, from -0.13 (10 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLP.L vs. SC0U.DE — Risk / Return Rank
SGLP.L
SC0U.DE
SGLP.L vs. SC0U.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Invesco European Banks Sector UCITS ETF (SC0U.DE). 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 | SC0U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.77 | -1.63 |
| Martin ratioReturn relative to average drawdown | 3.52 | 9.28 | -5.76 |
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Drawdowns
SGLP.L vs. SC0U.DE - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than SC0U.DE's maximum drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for SGLP.L and SC0U.DE.
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Drawdown Indicators
| SGLP.L | SC0U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -57.23% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -16.28% | -6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -18.19% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -31.16% | +8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -56.39% | +33.57% |
Current DrawdownCurrent decline from peak | -20.62% | 0.00% | -20.62% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -20.84% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 4.86% | +2.49% |
Volatility
SGLP.L vs. SC0U.DE - Volatility Comparison
Invesco Physical Gold A (SGLP.L) and Invesco European Banks Sector UCITS ETF (SC0U.DE) have volatilities of 6.68% and 6.78%, 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.
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Volatility by Period
| SGLP.L | SC0U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 6.78% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 18.83% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 22.79% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 23.75% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 24.84% | -6.08% |
SGLP.L vs. SC0U.DE - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than SC0U.DE's 0.20% 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%.
Dividends
SGLP.L vs. SC0U.DE - Dividend Comparison
Neither SGLP.L nor SC0U.DE has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and SC0U.DE have a correlation of 0.12, 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 0.20% for SC0U.DE.
SGLP.L is categorized as Gold, while SC0U.DE is Financials Equities. SGLP.L tracks Gold, while SC0U.DE tracks STOXX® Europe 600 Optimised Banks. Their fees differ too: 0.12% for SGLP.L and 0.20% for SC0U.DE.
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