SGLS.L vs. XLVP.L
SGLS.L (Invesco Physical Gold GBP Hedged ETC) and XLVP.L (Invesco US Health Care Sector UCITS ETF) are both exchange-traded funds - SGLS.L is a Gold fund tracking the Gold (GBP Hedged), while XLVP.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, SGLS.L returned 15.57%/yr vs 6.71%/yr for XLVP.L. At a correlation of -0.09, they often move in opposite directions. SGLS.L charges 0.34%/yr vs 0.14%/yr for XLVP.L.
Performance
SGLS.L vs. XLVP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLS.L achieves a -7.78% return, which is significantly lower than XLVP.L's 5.31% return.
SGLS.L
- 1D
- -0.10%
- 1M
- -8.08%
- 6M
- -13.47%
- YTD
- -7.78%
- 1Y
- 18.47%
- 3Y*
- 24.99%
- 5Y*
- 15.57%
- 10Y*
- —
XLVP.L
- 1D
- 0.75%
- 1M
- 6.66%
- 6M
- 4.08%
- YTD
- 5.31%
- 1Y
- 23.34%
- 3Y*
- 7.50%
- 5Y*
- 6.71%
- 10Y*
- 9.46%
SGLS.L vs. XLVP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGLS.L Invesco Physical Gold GBP Hedged ETC | -7.78% | 63.32% | 25.10% | 11.48% | -1.79% | -5.15% | 3.51% |
XLVP.L Invesco US Health Care Sector UCITS ETF | 5.31% | 6.91% | 3.77% | -3.87% | 8.97% | 29.14% | 2.79% |
Correlation
The correlation between SGLS.L and XLVP.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | -0.09 |
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Return for Risk
SGLS.L vs. XLVP.L — Risk / Return Rank
SGLS.L
XLVP.L
SGLS.L vs. XLVP.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 Invesco US Health Care Sector UCITS ETF (XLVP.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.
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.
| SGLS.L | XLVP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.01 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.78 | 5.01 | -3.23 |
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Drawdowns
SGLS.L vs. XLVP.L - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -24.80%, which is greater than XLVP.L's maximum drawdown of -19.67%. Use the drawdown chart below to compare losses from any high point for SGLS.L and XLVP.L.
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Drawdown Indicators
| SGLS.L | XLVP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.80% | -19.67% | -5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -24.80% | -11.56% | -13.24% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -19.67% | -5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -19.67% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.67% | — |
Current DrawdownCurrent decline from peak | -24.80% | -1.84% | -22.96% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -4.60% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 4.65% | +5.73% |
Volatility
SGLS.L vs. XLVP.L - Volatility Comparison
Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a higher volatility of 6.91% compared to Invesco US Health Care Sector UCITS ETF (XLVP.L) at 5.61%. This indicates that SGLS.L's price experiences larger fluctuations and is considered to be riskier than XLVP.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 | XLVP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.61% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 22.86% | 11.27% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 15.36% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 14.44% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 15.68% | +1.79% |
SGLS.L vs. XLVP.L - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is higher than XLVP.L's 0.14% expense ratio.
Dividends
SGLS.L vs. XLVP.L - Dividend Comparison
Neither SGLS.L nor XLVP.L has paid dividends to shareholders.
Frequently Asked Questions
SGLS.L and XLVP.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLVP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVP.L is cheaper with a 0.14% expense ratio, compared with 0.34% for SGLS.L.
SGLS.L is categorized as Gold, while XLVP.L is Health & Biotech Equities. SGLS.L tracks Gold (GBP Hedged), while XLVP.L tracks MSCI World/Health Care NR USD. Their fees differ too: 0.34% for SGLS.L and 0.14% for XLVP.L.
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