SGLS.L vs. GLD
Compare and contrast key facts about Invesco Physical Gold GBP Hedged ETC (SGLS.L) and SPDR Gold Trust (GLD).
SGLS.L and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both SGLS.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGLS.L or GLD.
Key characteristics
SGLS.L | GLD | |
---|---|---|
YTD Return | 33.68% | 34.70% |
1Y Return | 38.40% | 39.88% |
3Y Return (Ann) | 14.38% | 15.65% |
Sharpe Ratio | 2.92 | 2.77 |
Sortino Ratio | 3.79 | 3.71 |
Omega Ratio | 1.51 | 1.48 |
Calmar Ratio | 3.56 | 5.27 |
Martin Ratio | 17.47 | 17.98 |
Ulcer Index | 2.25% | 2.18% |
Daily Std Dev | 13.47% | 14.11% |
Max Drawdown | -23.77% | -45.56% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SGLS.L and GLD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SGLS.L vs. GLD - Performance Comparison
The year-to-date returns for both investments are quite close, with SGLS.L having a 33.68% return and GLD slightly higher at 34.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SGLS.L vs. GLD - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
SGLS.L vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold GBP Hedged ETC (SGLS.L) and SPDR Gold Trust (GLD). 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.
Dividends
SGLS.L vs. GLD - Dividend Comparison
Neither SGLS.L nor GLD has paid dividends to shareholders.
Drawdowns
SGLS.L vs. GLD - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -23.77%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SGLS.L and GLD. For additional features, visit the drawdowns tool.
Volatility
SGLS.L vs. GLD - Volatility Comparison
Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a higher volatility of 3.90% compared to SPDR Gold Trust (GLD) at 2.94%. This indicates that SGLS.L's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.