SPGP.L vs. ^GSPC
Compare and contrast key facts about iShares Gold Producers UCITS ETF (SPGP.L) and S&P 500 (^GSPC).
SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPGP.L or ^GSPC.
Key characteristics
| SPGP.L | ^GSPC | |
|---|---|---|
| YTD Return | 15.50% | 24.72% |
| 1Y Return | 25.72% | 32.12% |
| 3Y Return (Ann) | 3.09% | 8.33% |
| 5Y Return (Ann) | 6.83% | 13.81% |
| 10Y Return (Ann) | 10.19% | 11.31% |
| Sharpe Ratio | 0.84 | 2.66 |
| Sortino Ratio | 1.32 | 3.56 |
| Omega Ratio | 1.16 | 1.50 |
| Calmar Ratio | 0.52 | 3.81 |
| Martin Ratio | 3.28 | 17.03 |
| Ulcer Index | 7.07% | 1.90% |
| Daily Std Dev | 27.41% | 12.16% |
| Max Drawdown | -79.54% | -56.78% |
| Current Drawdown | -24.08% | -0.87% |
Correlation
The correlation between SPGP.L and ^GSPC 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.
Performance
SPGP.L vs. ^GSPC - Performance Comparison
In the year-to-date period, SPGP.L achieves a 15.50% return, which is significantly lower than ^GSPC's 24.72% return. Over the past 10 years, SPGP.L has underperformed ^GSPC with an annualized return of 10.19%, while ^GSPC has yielded a comparatively higher 11.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SPGP.L vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) and S&P 500 (^GSPC). 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.
Drawdowns
SPGP.L vs. ^GSPC - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPGP.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPGP.L vs. ^GSPC - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 8.63% compared to S&P 500 (^GSPC) at 3.81%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.