SGLP.L vs. XEON.DE
SGLP.L (Invesco Physical Gold A) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, SGLP.L returned 13.00%/yr vs 1.68%/yr for XEON.DE. At a 0.22 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.10%/yr for XEON.DE.
Performance
SGLP.L vs. XEON.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while XEON.DE is traded in EUR. To make them comparable, the XEON.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 XEON.DE's -0.04% return. Over the past 10 years, SGLP.L has outperformed XEON.DE with an annualized return of 13.00%, while XEON.DE has yielded a comparatively lower 1.68% annualized return.
SGLP.L
- 1D
- 2.85%
- 1M
- -9.42%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 25.96%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
XEON.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- -0.04%
- 6M
- -0.58%
- 1Y
- 3.65%
- 3Y*
- 3.12%
- 5Y*
- 2.08%
- 10Y*
- 1.68%
SGLP.L vs. XEON.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% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.04% | 7.57% | -0.74% | 1.24% | 5.43% | -7.60% | 5.04% | -5.67% | 0.93% | 3.73% |
Correlation
The correlation between SGLP.L and XEON.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.22 |
The correlation between SGLP.L and XEON.DE shifts across timeframes, from 0.06 (1 year) to 0.29 (10 years), 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. XEON.DE — Risk / Return Rank
SGLP.L
XEON.DE
SGLP.L vs. XEON.DE - 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 Overnight Rate Swap UCITS ETF 1C (XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.37 | -1.24 |
| Martin ratioReturn relative to average drawdown | 3.52 | 5.15 | -1.62 |
Loading charts...
Drawdowns
SGLP.L vs. XEON.DE - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than XEON.DE's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for SGLP.L and XEON.DE.
Loading charts...
Drawdown Indicators
| SGLP.L | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -27.70% | -36.05% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -1.96% | -20.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -3.25% | -19.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -4.86% | -17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -13.29% | -9.53% |
Current DrawdownCurrent decline from peak | -20.62% | -3.66% | -16.96% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -11.01% | -20.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 0.91% | +6.44% |
Volatility
SGLP.L vs. XEON.DE - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 6.68% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 1.01%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than XEON.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 1.01% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 2.65% | +17.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 4.02% | +19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 5.39% | +16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 7.09% | +11.67% |
SGLP.L vs. XEON.DE - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is higher than XEON.DE's 0.10% expense ratio. However, 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. XEON.DE - Dividend Comparison
Neither SGLP.L nor XEON.DE has paid dividends to shareholders.
Frequently Asked Questions
SGLP.L and XEON.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLP.L.
SGLP.L is categorized as Precious Metals, while XEON.DE is Bank Loan. SGLP.L tracks Gold, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.12% for SGLP.L and 0.10% for XEON.DE.
Find the right allocation for SGLP.L and XEON.DE
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