SGLS.L vs. HLAL
Compare and contrast key facts about Invesco Physical Gold GBP Hedged ETC (SGLS.L) and Wahed FTSE USA Shariah ETF (HLAL).
SGLS.L and HLAL 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. HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019. Both SGLS.L and HLAL 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 HLAL.
Key characteristics
| SGLS.L | HLAL | |
|---|---|---|
| YTD Return | 33.68% | 15.04% |
| 1Y Return | 38.40% | 30.17% |
| 3Y Return (Ann) | 14.38% | 9.61% |
| Sharpe Ratio | 2.92 | 2.42 |
| Sortino Ratio | 3.79 | 3.19 |
| Omega Ratio | 1.51 | 1.43 |
| Calmar Ratio | 3.56 | 3.33 |
| Martin Ratio | 17.47 | 12.68 |
| Ulcer Index | 2.25% | 2.44% |
| Daily Std Dev | 13.47% | 12.75% |
| Max Drawdown | -23.77% | -33.57% |
| Current Drawdown | 0.00% | -0.91% |
Correlation
The correlation between SGLS.L and HLAL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SGLS.L vs. HLAL - Performance Comparison
In the year-to-date period, SGLS.L achieves a 33.68% return, which is significantly higher than HLAL's 15.04% return. 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. HLAL - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is lower than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
SGLS.L vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold GBP Hedged ETC (SGLS.L) and Wahed FTSE USA Shariah ETF (HLAL). 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. HLAL - Dividend Comparison
SGLS.L has not paid dividends to shareholders, while HLAL's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SGLS.L Invesco Physical Gold GBP Hedged ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
SGLS.L vs. HLAL - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -23.77%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SGLS.L and HLAL. For additional features, visit the drawdowns tool.
Volatility
SGLS.L vs. HLAL - Volatility Comparison
Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a higher volatility of 3.90% compared to Wahed FTSE USA Shariah ETF (HLAL) at 2.59%. This indicates that SGLS.L's price experiences larger fluctuations and is considered to be riskier than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.