SPAG.L vs. SGLN.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPAG.L is a Global Equities fund tracking the iShares Agribusiness UCITS ETF USD (Acc), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SPAG.L returned 7.09%/yr vs 11.37%/yr for SGLN.L. At a 0.12 correlation, their price movements are largely independent. SPAG.L charges 0.55%/yr vs 0.12%/yr for SGLN.L.
Performance
SPAG.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPAG.L achieves a 11.48% return, which is significantly higher than SGLN.L's -6.40% return. Over the past 10 years, SPAG.L has underperformed SGLN.L with an annualized return of 7.09%, while SGLN.L has yielded a comparatively higher 11.37% annualized return.
SPAG.L
- 1D
- 0.56%
- 1M
- 0.75%
- 6M
- 5.38%
- YTD
- 11.48%
- 1Y
- 13.71%
- 3Y*
- 4.36%
- 5Y*
- 5.00%
- 10Y*
- 7.09%
SGLN.L
- 1D
- -1.61%
- 1M
- -7.43%
- 6M
- -12.76%
- YTD
- -6.40%
- 1Y
- 20.55%
- 3Y*
- 26.03%
- 5Y*
- 17.81%
- 10Y*
- 11.37%
SPAG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.48% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | 13.92% | -7.95% | 9.25% |
SGLN.L iShares Physical Gold ETC | -6.40% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between SPAG.L and SGLN.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.12 |
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Return for Risk
SPAG.L vs. SGLN.L — Risk / Return Rank
SPAG.L
SGLN.L
SPAG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) and iShares Physical Gold ETC (SGLN.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.
| SPAG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.84 | +0.76 |
| Martin ratioReturn relative to average drawdown | 4.12 | 2.08 | +2.04 |
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Drawdowns
SPAG.L vs. SGLN.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for SPAG.L and SGLN.L.
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Drawdown Indicators
| SPAG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -53.23% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -24.33% | +14.77% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -24.33% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -24.33% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | -24.33% | -7.62% |
Current DrawdownCurrent decline from peak | -10.54% | -24.33% | +13.79% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -24.68% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 9.87% | -6.15% |
Volatility
SPAG.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) is 3.21%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.72%. This indicates that SPAG.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 6.72% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 21.25% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 24.49% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 22.01% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 18.34% | +0.62% |
SPAG.L vs. SGLN.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
SPAG.L vs. SGLN.L - Dividend Comparison
Neither SPAG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and SGLN.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.55% for SPAG.L.
SPAG.L is categorized as Global Equities, while SGLN.L is Gold. SPAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.55% for SPAG.L and 0.12% for SGLN.L.
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