SGOL vs. KGLD

Last updated Aug 6, 2026

SGOL (abrdn Physical Gold Shares ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both exchange-traded funds - SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while KGLD is a Derivative Income fund actively managed by Kurv. SGOL is passively managed, while KGLD is actively managed. Over the past year, SGOL returned 25.51% vs 23.87% for KGLD. Their 0.98 correlation means they have historically moved very closely together. SGOL charges 0.17%/yr vs 1.00%/yr for KGLD.

Performance

SGOL vs. KGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Gold Shares ETF (SGOL) and Kurv Gold Enhanced Income ETF (KGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGOL achieves a -1.56% return, which is significantly higher than KGLD's -2.01% return.

SGOL

• 1D: 4.15%
• 1M: 1.99%
• 6M: -14.09%
• YTD: -1.56%
• 1Y: 25.51%
• 3Y*: 29.62%
• 5Y*: 19.05%
• 10Y*: 12.01%
• ALL TIME*: 8.62%

KGLD

• 1D: 4.43%
• 1M: 2.12%
• 6M: -15.72%
• YTD: -2.01%
• 1Y: 23.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KGLD Kurv Gold Enhanced Income ETF	$3.34M	$2.48M	$2.70M
SGOL abrdn Physical Gold Shares ETF	$86.81M	$80.44M	$100.71M

SGOL vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
SGOL abrdn Physical Gold Shares ETF	-1.56%	29.06%
KGLD Kurv Gold Enhanced Income ETF	-2.01%	29.75%

Correlation

The correlation between SGOL and KGLD is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.98

The correlation between SGOL and KGLD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

SGOL vs. KGLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGOL

SGOL Risk / Return Rank: 30
SGOL Sharpe Ratio Rank: 33
SGOL Sortino Ratio Rank: 30
SGOL Omega Ratio Rank: 34
SGOL Calmar Ratio Rank: 27
SGOL Martin Ratio Rank: 24

KGLD

KGLD Risk / Return Rank: 27
KGLD Sharpe Ratio Rank: 30
KGLD Sortino Ratio Rank: 28
KGLD Omega Ratio Rank: 32
KGLD Calmar Ratio Rank: 24
KGLD Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGOL vs. KGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and Kurv Gold Enhanced Income ETF (KGLD). 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	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.81	+0.10
Sortino ratio: Return per unit of downside risk	1.29	1.19	+0.10
Omega ratio: Gain probability vs. loss probability	1.19	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	0.97	0.85	+0.13
Martin ratio: Return relative to average drawdown	2.06	1.77	+0.29

SGOL vs. KGLD - Sharpe Ratio Comparison

The current SGOL Sharpe Ratio is 0.91, which is comparable to the KGLD Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of SGOL and KGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGOL vs. KGLD - Drawdown Comparison

The maximum SGOL drawdown since its inception was -45.51%, which is greater than KGLD's maximum drawdown of -28.32%. Use the drawdown chart below to compare losses from any high point for SGOL and KGLD.

Drawdown Indicators

	SGOL	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-45.51%	-28.32%	-17.19%
Max Drawdown (1Y) Largest decline over 1 year	-26.32%	-28.32%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-26.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.32%	—	—
Current Drawdown Current decline from peak	-21.34%	-23.31%	+1.97%
Average Drawdown Average peak-to-trough decline	-18.46%	-9.16%	-9.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.42%	13.48%	-1.06%

Volatility

SGOL vs. KGLD - Volatility Comparison

abrdn Physical Gold Shares ETF (SGOL) and Kurv Gold Enhanced Income ETF (KGLD) have volatilities of 7.10% and 7.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOL	KGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	7.25%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	19.89%	20.79%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	28.06%	29.46%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	28.55%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	28.55%	-12.41%

SGOL vs. KGLD - Expense Ratio Comparison

SGOL has a 0.17% expense ratio, which is lower than KGLD's 1.00% expense ratio.

Dividends

SGOL vs. KGLD - Dividend Comparison

SGOL has not paid dividends to shareholders, while KGLD's dividend yield for the trailing twelve months is around 16.22%.

Position	TTM	2025
KGLD Kurv Gold Enhanced Income ETF	16.22%	4.59%
SGOL abrdn Physical Gold Shares ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGOL and KGLD in my portfolio?

With a correlation of 0.99, SGOL and KGLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SGOL or KGLD?

KGLD has higher volatility (7.25%) compared to SGOL (7.10%). In terms of maximum drawdown, SGOL dropped -45.51% vs KGLD's -28.32%.

Which ETF is better, SGOL or KGLD?

On 1-year performance, SGOL leads with 25.51% vs 23.87% for KGLD. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGOL or KGLD?

Over the 1-year period, SGOL has performed better with a 25.51% return vs 23.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGOL or KGLD?

SGOL is cheaper with a 0.17% expense ratio, compared with 1.00% for KGLD.

Which ETF pays a higher dividend yield, SGOL or KGLD?

KGLD has the higher dividend yield at 16.22%, compared with 0.00% for SGOL.

What is the main difference between SGOL and KGLD?

SGOL is categorized as Gold, while KGLD is Derivative Income. They also come from different issuers: abrdn and Kurv. Their fees differ too: 0.17% for SGOL and 1.00% for KGLD.

Which has better risk-adjusted returns?

SGOL currently has the higher Sharpe Ratio (0.91 vs 0.81), 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.