SGLS.L vs. IGLD
Compare and contrast key facts about Invesco Physical Gold GBP Hedged ETC (SGLS.L) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).
SGLS.L and IGLD 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. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGLS.L or IGLD.
Key characteristics
| SGLS.L | IGLD | |
|---|---|---|
| YTD Return | 33.68% | 24.87% |
| 1Y Return | 38.40% | 29.99% |
| 3Y Return (Ann) | 14.38% | 11.05% |
| Sharpe Ratio | 2.92 | 2.76 |
| Sortino Ratio | 3.79 | 3.82 |
| Omega Ratio | 1.51 | 1.49 |
| Calmar Ratio | 3.56 | 3.31 |
| Martin Ratio | 17.47 | 21.18 |
| Ulcer Index | 2.25% | 1.38% |
| Daily Std Dev | 13.47% | 10.62% |
| Max Drawdown | -23.77% | -18.59% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SGLS.L and IGLD is 0.72, 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. IGLD - Performance Comparison
In the year-to-date period, SGLS.L achieves a 33.68% return, which is significantly higher than IGLD's 24.87% 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. IGLD - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Risk-Adjusted Performance
SGLS.L vs. IGLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold GBP Hedged ETC (SGLS.L) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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. IGLD - Dividend Comparison
SGLS.L has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 7.34%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SGLS.L Invesco Physical Gold GBP Hedged ETC | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 6.76% | 7.85% | 4.45% | 2.24% |
Drawdowns
SGLS.L vs. IGLD - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -23.77%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for SGLS.L and IGLD. For additional features, visit the drawdowns tool.
Volatility
SGLS.L vs. IGLD - Volatility Comparison
Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a higher volatility of 3.90% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 2.55%. This indicates that SGLS.L's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.