SGLS.L vs. GJGB.L
Compare and contrast key facts about Invesco Physical Gold GBP Hedged ETC (SGLS.L) and VanEck Junior Gold Miners UCITS (GJGB.L).
SGLS.L and GJGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GJGB.L is a passively managed fund by VanEck that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Mar 25, 2015. Both SGLS.L and GJGB.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
SGLS.L vs. GJGB.L - Performance Comparison
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SGLS.L vs. GJGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGLS.L Invesco Physical Gold GBP Hedged ETC | 7.98% | 64.22% | 24.42% | 11.48% | -1.42% | -4.63% | -3.17% |
GJGB.L VanEck Junior Gold Miners UCITS | 9.17% | 156.51% | 14.83% | 1.67% | -2.76% | -22.00% | -15.01% |
Different Trading Currencies
SGLS.L is traded in GBp, while GJGB.L is traded in GBP. To make them comparable, the GJGB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGLS.L achieves a 7.98% return, which is significantly lower than GJGB.L's 9.17% return.
SGLS.L
- 1D
- -2.12%
- 1M
- -8.72%
- YTD
- 7.98%
- 6M
- 20.99%
- 1Y
- 47.50%
- 3Y*
- 31.34%
- 5Y*
- 20.92%
- 10Y*
- —
GJGB.L
- 1D
- -3.20%
- 1M
- -14.08%
- YTD
- 9.17%
- 6M
- 31.17%
- 1Y
- 115.72%
- 3Y*
- 43.94%
- 5Y*
- 24.41%
- 10Y*
- —
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SGLS.L vs. GJGB.L - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is lower than GJGB.L's 0.55% expense ratio.
Return for Risk
SGLS.L vs. GJGB.L — Risk / Return Rank
SGLS.L
GJGB.L
SGLS.L vs. GJGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold GBP Hedged ETC (SGLS.L) and VanEck Junior Gold Miners UCITS (GJGB.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.
| SGLS.L | GJGB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 2.50 | -0.68 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.78 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.92 | -1.22 |
Martin ratioReturn relative to average drawdown | 10.41 | 13.23 | -2.81 |
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
| SGLS.L | GJGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.50 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.30 | 0.67 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.45 | +0.55 |
Correlation
The correlation between SGLS.L and GJGB.L is 0.63, 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
SGLS.L vs. GJGB.L - Dividend Comparison
Neither SGLS.L nor GJGB.L has paid dividends to shareholders.
Drawdowns
SGLS.L vs. GJGB.L - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -21.94%, smaller than the maximum GJGB.L drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for SGLS.L and GJGB.L.
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Drawdown Indicators
| SGLS.L | GJGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -49.12% | +27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -29.95% | +12.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -36.65% | +14.71% |
Current DrawdownCurrent decline from peak | -11.94% | -19.26% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -22.37% | +15.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 8.87% | -4.22% |
Volatility
SGLS.L vs. GJGB.L - Volatility Comparison
The current volatility for Invesco Physical Gold GBP Hedged ETC (SGLS.L) is 11.94%, while VanEck Junior Gold Miners UCITS (GJGB.L) has a volatility of 20.12%. This indicates that SGLS.L experiences smaller price fluctuations and is considered to be less risky than GJGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGLS.L | GJGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 20.12% | -8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 38.55% | -16.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.04% | 46.05% | -20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 36.46% | -18.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 36.61% | -18.39% |