SGLP.L vs. SGLS.L
Compare and contrast key facts about Invesco Physical Gold A (SGLP.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L).
SGLP.L and SGLS.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. SGLS.L is a passively managed fund by Invesco that tracks the performance of the Gold (GBP Hedged). It was launched on Jul 9, 2020. Both SGLP.L and SGLS.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.
Performance
SGLP.L vs. SGLS.L - Performance Comparison
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SGLP.L vs. SGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 12.04% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | -8.25% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 10.32% | 64.22% | 24.42% | 11.48% | -1.42% | -4.63% | -3.17% |
Returns By Period
In the year-to-date period, SGLP.L achieves a 12.04% return, which is significantly higher than SGLS.L's 10.32% return.
SGLP.L
- 1D
- 2.56%
- 1M
- -9.45%
- YTD
- 12.04%
- 6M
- 25.07%
- 1Y
- 48.15%
- 3Y*
- 30.74%
- 5Y*
- 23.33%
- 10Y*
- 15.21%
SGLS.L
- 1D
- 3.51%
- 1M
- -9.97%
- YTD
- 10.32%
- 6M
- 22.83%
- 1Y
- 50.63%
- 3Y*
- 32.51%
- 5Y*
- 21.44%
- 10Y*
- —
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SGLP.L vs. SGLS.L - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than SGLS.L's 0.34% expense ratio.
Return for Risk
SGLP.L vs. SGLS.L — Risk / Return Rank
SGLP.L
SGLS.L
SGLP.L vs. SGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.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 | SGLS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 1.94 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.44 | 2.41 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.83 | -0.11 |
Martin ratioReturn relative to average drawdown | 11.49 | 11.03 | +0.46 |
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 | SGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.94 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 1.34 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.03 | -0.45 |
Correlation
The correlation between SGLP.L and SGLS.L is 0.68, 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.
Dividends
SGLP.L vs. SGLS.L - Dividend Comparison
Neither SGLP.L nor SGLS.L has paid dividends to shareholders.
Drawdowns
SGLP.L vs. SGLS.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -38.83%, which is greater than SGLS.L's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for SGLP.L and SGLS.L.
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Drawdown Indicators
| SGLP.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -21.94% | -16.89% |
Max Drawdown (1Y)Largest decline over 1 year | -17.89% | -17.93% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -21.94% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -9.45% | -10.03% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -6.78% | -6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 4.60% | -0.36% |
Volatility
SGLP.L vs. SGLS.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L) have volatilities of 11.72% and 11.86%, 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 | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.72% | 11.86% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 21.06% | 22.18% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 25.94% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 17.90% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 18.20% | -2.50% |