SGSU.L vs. IGLN.L
SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SGSU.L is a Global Bonds fund tracking the iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist), while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SGSU.L returned 2.57%/yr vs 17.70%/yr for IGLN.L. At a 0.09 correlation, their price movements are largely independent. SGSU.L charges 0.17%/yr vs 0.12%/yr for IGLN.L.
Performance
SGSU.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
SGSU.L is traded in GBP, while IGLN.L is traded in USD. To make them comparable, the IGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGSU.L achieves a 1.67% return, which is significantly higher than IGLN.L's -6.52% return.
SGSU.L
- 1D
- 0.20%
- 1M
- 0.41%
- 6M
- 1.46%
- YTD
- 1.67%
- 1Y
- 3.86%
- 3Y*
- 4.96%
- 5Y*
- 2.57%
- 10Y*
- —
IGLN.L
- 1D
- -1.85%
- 1M
- -7.84%
- 6M
- -12.98%
- YTD
- -6.52%
- 1Y
- 20.18%
- 3Y*
- 25.84%
- 5Y*
- 17.70%
- 10Y*
- 11.29%
SGSU.L vs. IGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.67% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
IGLN.L iShares Physical Gold ETC | -6.52% | 53.18% | 28.34% | 7.77% | 11.79% | -3.12% | 20.51% | 1.83% |
Correlation
The correlation between SGSU.L and IGLN.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.09 |
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Return for Risk
SGSU.L vs. IGLN.L — Risk / Return Rank
SGSU.L
IGLN.L
SGSU.L vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) and iShares Physical Gold ETC (IGLN.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.
| SGSU.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.16 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 9.24 | 0.83 | +8.42 |
| Martin ratioReturn relative to average drawdown | 28.95 | 2.06 | +26.88 |
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Drawdowns
SGSU.L vs. IGLN.L - Drawdown Comparison
The maximum SGSU.L drawdown since its inception was -8.45%, smaller than the maximum IGLN.L drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for SGSU.L and IGLN.L.
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Drawdown Indicators
| SGSU.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.45% | -41.67% | +33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -24.35% | +23.93% |
Max Drawdown (3Y)Largest decline over 3 years | -0.62% | -24.35% | +23.73% |
Max Drawdown (5Y)Largest decline over 5 years | -4.83% | -24.35% | +19.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | -0.01% | -24.35% | +24.34% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -14.79% | +13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 9.75% | -9.62% |
Volatility
SGSU.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) is 0.48%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 7.51%. This indicates that SGSU.L experiences smaller price fluctuations and is considered to be less risky than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGSU.L | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 7.51% | -7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 22.51% | -21.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 25.62% | -23.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 17.25% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 15.78% | -12.76% |
SGSU.L vs. IGLN.L - Expense Ratio Comparison
SGSU.L has a 0.17% expense ratio, which is higher than IGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGSU.L vs. IGLN.L - Dividend Comparison
SGSU.L's dividend yield for the trailing twelve months is around 4.46%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.46% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% |
Frequently Asked Questions
SGSU.L and IGLN.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLN.L is cheaper with a 0.12% expense ratio, compared with 0.17% for SGSU.L.
SGSU.L is categorized as Global Bonds, while IGLN.L is Gold. SGSU.L tracks iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist), while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.17% for SGSU.L and 0.12% for IGLN.L.
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