SGOL vs. KCN.AX

Last updated Apr 2, 2026

Compare and contrast key facts about abrdn Physical Gold Shares ETF (SGOL) and Kingsgate Consolidated Limited (KCN.AX).

SGOL is a passively managed fund by abrdn that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009.

Performance

SGOL vs. KCN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Gold Shares ETF (SGOL) and Kingsgate Consolidated Limited (KCN.AX). The values are adjusted to include any dividend payments, if applicable.

SGOL vs. KCN.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGOL abrdn Physical Gold Shares ETF	10.52%	63.99%	26.90%	12.99%	-0.51%	-3.94%	25.03%	18.21%	-1.94%	12.86%
KCN.AX Kingsgate Consolidated Limited	-17.85%	372.37%	-15.06%	-20.34%	-16.66%	100.20%	139.10%	161.53%	-63.89%	52.08%

Different Trading Currencies

SGOL is traded in USD, while KCN.AX is traded in AUD. To make them comparable, the KCN.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SGOL achieves a 10.52% return, which is significantly higher than KCN.AX's -17.57% return. Over the past 10 years, SGOL has underperformed KCN.AX with an annualized return of 14.31%, while KCN.AX has yielded a comparatively higher 28.85% annualized return.

SGOL

• 1D: 1.75%
• 1M: -10.65%
• YTD: 10.52%
• 6M: 23.14%
• 1Y: 52.61%
• 3Y*: 34.00%
• 5Y*: 22.26%
• 10Y*: 14.31%

KCN.AX

• 1D: 4.13%
• 1M: -38.21%
• YTD: -17.57%
• 6M: 21.97%
• 1Y: 228.33%
• 3Y*: 45.64%
• 5Y*: 34.61%
• 10Y*: 28.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SGOL vs. KCN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGOL

SGOL Risk / Return Rank: 86
SGOL Sharpe Ratio Rank: 88
SGOL Sortino Ratio Rank: 85
SGOL Omega Ratio Rank: 85
SGOL Calmar Ratio Rank: 86
SGOL Martin Ratio Rank: 84

KCN.AX

KCN.AX Risk / Return Rank: 93
KCN.AX Sharpe Ratio Rank: 96
KCN.AX Sortino Ratio Rank: 91
KCN.AX Omega Ratio Rank: 91
KCN.AX Calmar Ratio Rank: 92
KCN.AX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGOL vs. KCN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and Kingsgate Consolidated Limited (KCN.AX). 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.

	SGOL	KCN.AX	Difference
Sharpe ratio Return per unit of total volatility	1.92	3.48	-1.56
Sortino ratio Return per unit of downside risk	2.35	3.23	-0.88
Omega ratio Gain probability vs. loss probability	1.35	1.44	-0.09
Calmar ratio Return relative to maximum drawdown	2.73	4.98	-2.25
Martin ratio Return relative to average drawdown	10.00	21.60	-11.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGOL vs. KCN.AX - Sharpe Ratio Comparison

The current SGOL Sharpe Ratio is 1.92, which is lower than the KCN.AX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of SGOL and KCN.AX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGOL	KCN.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	3.48	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	0.54	+0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.45	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.02	+0.61

Correlation

The correlation between SGOL and KCN.AX is 0.11, 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.

Dividends

SGOL vs. KCN.AX - Dividend Comparison

SGOL has not paid dividends to shareholders, while KCN.AX's dividend yield for the trailing twelve months is around 2.27%.

	TTM
SGOL abrdn Physical Gold Shares ETF	0.00%
KCN.AX Kingsgate Consolidated Limited	2.27%

Drawdowns

SGOL vs. KCN.AX - Drawdown Comparison

The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum KCN.AX drawdown of -99.05%. Use the drawdown chart below to compare losses from any high point for SGOL and KCN.AX.

Drawdown Indicators

	SGOL	KCN.AX	Difference
Max Drawdown Largest peak-to-trough decline	-45.51%	-98.66%	+53.15%
Max Drawdown (1Y) Largest decline over 1 year	-19.14%	-43.14%	+24.00%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-53.93%	+33.01%
Max Drawdown (10Y) Largest decline over 10 years	-21.56%	-70.71%	+49.15%
Current Drawdown Current decline from peak	-11.69%	-58.59%	+46.90%
Average Drawdown Average peak-to-trough decline	-18.46%	-56.23%	+37.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	10.08%	-4.86%

Volatility

SGOL vs. KCN.AX - Volatility Comparison

The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 10.39%, while Kingsgate Consolidated Limited (KCN.AX) has a volatility of 29.78%. This indicates that SGOL experiences smaller price fluctuations and is considered to be less risky than KCN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOL	KCN.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.39%	29.78%	-19.39%
Volatility (6M) Calculated over the trailing 6-month period	24.05%	50.01%	-25.96%
Volatility (1Y) Calculated over the trailing 1-year period	27.52%	65.30%	-37.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	64.22%	-46.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	64.06%	-48.22%