SGOL vs. ATI
SGOL (abrdn Physical Gold Shares ETF) is Gold fund tracking the LBMA Gold Price PM ($/ozt), while ATI (Allegheny Technologies Incorporated) is a stock. Over the past 10 years, SGOL returned 12.34%/yr vs 31.31%/yr for ATI. At a 0.09 correlation, their price movements are largely independent.
Performance
SGOL vs. ATI - Performance Comparison
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Returns By Period
In the year-to-date period, SGOL achieves a -2.39% return, which is significantly lower than ATI's 72.95% return. Over the past 10 years, SGOL has underperformed ATI with an annualized return of 12.34%, while ATI has yielded a comparatively higher 31.31% annualized return.
SGOL
- 1D
- 0.10%
- 1M
- -7.35%
- YTD
- -2.39%
- 6M
- -2.15%
- 1Y
- 22.44%
- 3Y*
- 29.18%
- 5Y*
- 17.34%
- 10Y*
- 12.34%
ATI
- 1D
- -0.51%
- 1M
- 28.70%
- YTD
- 72.95%
- 6M
- 82.16%
- 1Y
- 133.59%
- 3Y*
- 69.52%
- 5Y*
- 52.82%
- 10Y*
- 31.31%
SGOL vs. ATI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOL abrdn Physical Gold Shares ETF | -2.39% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
ATI Allegheny Technologies Incorporated | 72.95% | 108.50% | 21.05% | 52.28% | 87.45% | -5.01% | -18.83% | -5.10% | -9.82% | 51.54% |
Correlation
The correlation between SGOL and ATI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2009 | 0.09 |
The correlation between SGOL and ATI shifts across timeframes, from 0.04 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGOL vs. ATI — Risk / Return Rank
SGOL
ATI
SGOL vs. ATI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and Allegheny Technologies Incorporated (ATI). 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.
| SGOL | ATI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.51 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 5.40 | -4.41 |
| Martin ratioReturn relative to average drawdown | 2.85 | 13.48 | -10.63 |
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Drawdowns
SGOL vs. ATI - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum ATI drawdown of -94.72%. Use the drawdown chart below to compare losses from any high point for SGOL and ATI.
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Drawdown Indicators
| SGOL | ATI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -94.72% | +49.21% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -25.31% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -38.02% | +13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -39.03% | +14.66% |
Max Drawdown (10Y)Largest decline over 10 years | -24.37% | -82.43% | +58.06% |
Current DrawdownCurrent decline from peak | -22.00% | -0.51% | -21.49% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -60.76% | +42.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 10.12% | -1.66% |
Volatility
SGOL vs. ATI - Volatility Comparison
The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 7.69%, while Allegheny Technologies Incorporated (ATI) has a volatility of 13.44%. This indicates that SGOL experiences smaller price fluctuations and is considered to be less risky than ATI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOL | ATI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 13.44% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 29.89% | -6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.08% | 42.63% | -15.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 43.12% | -25.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 51.55% | -35.51% |
Dividends
SGOL vs. ATI - Dividend Comparison
Neither SGOL nor ATI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOL and ATI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATI has higher volatility (13.44%) compared to SGOL (7.69%). In terms of maximum drawdown, SGOL dropped -45.51% vs ATI's -94.72%.
ATI currently has the higher Sharpe Ratio (3.21 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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