SPOG.L vs. SGLN.L
SPOG.L (iShares Oil & Gas Exploration & Production UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPOG.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SPOG.L returned 8.27%/yr vs 14.29%/yr for SGLN.L. At a 0.06 correlation, their price movements are largely independent. SPOG.L charges 0.55%/yr vs 0.12%/yr for SGLN.L.
Performance
SPOG.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG.L achieves a 28.42% return, which is significantly higher than SGLN.L's 3.17% return. Over the past 10 years, SPOG.L has underperformed SGLN.L with an annualized return of 8.27%, while SGLN.L has yielded a comparatively higher 14.29% annualized return.
SPOG.L
- 1D
- 1.98%
- 1M
- -1.72%
- YTD
- 28.42%
- 6M
- 24.11%
- 1Y
- 37.28%
- 3Y*
- 11.67%
- 5Y*
- 17.41%
- 10Y*
- 8.27%
SGLN.L
- 1D
- -1.14%
- 1M
- -2.89%
- YTD
- 3.17%
- 6M
- 4.34%
- 1Y
- 33.24%
- 3Y*
- 27.91%
- 5Y*
- 19.95%
- 10Y*
- 14.29%
SPOG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPOG.L iShares Oil & Gas Exploration & Production UCITS ETF | 28.42% | -0.88% | 0.57% | -2.90% | 54.40% | 69.37% | -33.93% | 4.75% | -17.09% | -12.48% |
SGLN.L iShares Physical Gold ETC | 3.17% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between SPOG.L and SGLN.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.06 |
The correlation between SPOG.L and SGLN.L shifts across timeframes, from -0.06 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPOG.L vs. SGLN.L — Risk / Return Rank
SPOG.L
SGLN.L
SPOG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF (SPOG.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.
| SPOG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.88 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.84 | 5.03 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPOG.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.43 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.22 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.90 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.55 | -0.40 |
Drawdowns
SPOG.L vs. SGLN.L - Drawdown Comparison
The maximum SPOG.L drawdown since its inception was -76.49%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for SPOG.L and SGLN.L.
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Drawdown Indicators
| SPOG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.49% | -41.71% | -34.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -17.57% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -29.87% | -17.57% | -12.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -17.57% | -15.33% |
Max Drawdown (10Y)Largest decline over 10 years | -71.97% | -21.91% | -50.06% |
Current DrawdownCurrent decline from peak | -10.32% | -16.59% | +6.27% |
Average DrawdownAverage peak-to-trough decline | -26.50% | -14.76% | -11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 6.60% | -0.23% |
Volatility
SPOG.L vs. SGLN.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF (SPOG.L) has a higher volatility of 9.65% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that SPOG.L's price experiences larger fluctuations and is considered to be riskier 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
| SPOG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 5.08% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 22.82% | 20.07% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 23.19% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.32% | 16.29% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.94% | 15.78% | +16.16% |
SPOG.L vs. SGLN.L - Expense Ratio Comparison
SPOG.L has a 0.55% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
SPOG.L vs. SGLN.L - Dividend Comparison
Neither SPOG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SPOG.L and SGLN.L have a correlation of -0.06, 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 SPOG.L.
SPOG.L is categorized as Energy Equities, while SGLN.L is Gold. SPOG.L tracks MSCI World/Energy NR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.55% for SPOG.L and 0.12% for SGLN.L.
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