SGLP.L vs. XBLC.L
SGLP.L (Invesco Physical Gold A) and XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both exchange-traded funds - SGLP.L is a Gold fund tracking the Gold, while XBLC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SGLP.L returned 19.60%/yr vs 0.29%/yr for XBLC.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
SGLP.L vs. XBLC.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while XBLC.L is traded in EUR. To make them comparable, the XBLC.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 1.23% return, which is significantly higher than XBLC.L's 0.13% return.
SGLP.L
- 1D
- 3.07%
- 1M
- -4.98%
- YTD
- 1.23%
- 6M
- 0.99%
- 1Y
- 28.56%
- 3Y*
- 28.32%
- 5Y*
- 19.60%
- 10Y*
- 13.44%
XBLC.L
- 1D
- 0.42%
- 1M
- 0.33%
- YTD
- 0.13%
- 6M
- -0.45%
- 1Y
- 4.05%
- 3Y*
- 5.22%
- 5Y*
- 0.29%
- 10Y*
- —
SGLP.L vs. XBLC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 1.23% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | -0.95% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.13% | 8.46% | -0.38% | 5.36% | -8.81% | -6.92% | 8.32% | 0.25% | -0.55% | 1.65% |
Correlation
The correlation between SGLP.L and XBLC.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.33 |
The correlation between SGLP.L and XBLC.L shifts across timeframes, from 0.20 (3 years) to 0.33 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGLP.L vs. XBLC.L — Risk / Return Rank
SGLP.L
XBLC.L
SGLP.L vs. XBLC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.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 | XBLC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.08 | +0.17 |
| Martin ratioReturn relative to average drawdown | 3.83 | 2.67 | +1.16 |
Loading charts...
Drawdowns
SGLP.L vs. XBLC.L - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than XBLC.L's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for SGLP.L and XBLC.L.
Loading charts...
Drawdown Indicators
| SGLP.L | XBLC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -21.28% | -42.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -3.75% | -19.07% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -3.75% | -19.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -16.74% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | — | — |
Current DrawdownCurrent decline from peak | -18.18% | -5.58% | -12.60% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -8.81% | -22.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.44% | 1.51% | +5.93% |
Volatility
SGLP.L vs. XBLC.L - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 7.53% compared to Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) at 1.35%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than XBLC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | XBLC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 1.35% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 3.66% | +17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 4.80% | +19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 6.24% | +15.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 6.89% | +11.88% |
SGLP.L vs. XBLC.L - Expense Ratio Comparison
Both SGLP.L and XBLC.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. XBLC.L - Dividend Comparison
Neither SGLP.L nor XBLC.L has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and XBLC.L have a correlation of 0.26, 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 XBLC.L have the same expense ratio: 0.12% per year.
SGLP.L is categorized as Gold, while XBLC.L is European Corporate Bonds. SGLP.L tracks Gold, while XBLC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Invesco and Xtrackers.
Find the right allocation for SGLP.L and XBLC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer