SPX5.L vs. SGLN.L
SPX5.L (SPDR S&P 500 UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPX5.L is a S&P 500 fund tracking the S&P 500 Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SPX5.L returned 15.80%/yr vs 13.01%/yr for SGLN.L. At a 0.06 correlation, their price movements are largely independent. SPX5.L charges 0.09%/yr vs 0.12%/yr for SGLN.L.
Performance
SPX5.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
SPX5.L is traded in GBP, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPX5.L achieves a 8.77% return, which is significantly higher than SGLN.L's -1.83% return. Over the past 10 years, SPX5.L has outperformed SGLN.L with an annualized return of 15.80%, while SGLN.L has yielded a comparatively lower 13.01% annualized return.
SPX5.L
- 1D
- 1.48%
- 1M
- -0.34%
- YTD
- 8.77%
- 6M
- 9.15%
- 1Y
- 26.66%
- 3Y*
- 18.27%
- 5Y*
- 14.39%
- 10Y*
- 15.80%
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
SPX5.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPX5.L SPDR S&P 500 UCITS ETF | 8.77% | 9.34% | 27.46% | 19.76% | -9.00% | 30.96% | 13.52% | 26.33% | -0.04% | 10.71% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between SPX5.L and SGLN.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2012 | 0.06 |
The correlation between SPX5.L and SGLN.L shifts across timeframes, from 0.01 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPX5.L vs. SGLN.L — Risk / Return Rank
SPX5.L
SGLN.L
SPX5.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPX5.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.
| SPX5.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 1.13 | +2.54 |
| Martin ratioReturn relative to average drawdown | 13.26 | 3.51 | +9.75 |
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Drawdowns
SPX5.L vs. SGLN.L - Drawdown Comparison
The maximum SPX5.L drawdown since its inception was -41.23%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for SPX5.L and SGLN.L.
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Drawdown Indicators
| SPX5.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.23% | -53.23% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -22.87% | +15.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -22.87% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | -22.87% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -25.45% | -22.87% | -2.58% |
Current DrawdownCurrent decline from peak | -1.82% | -20.64% | +18.82% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -24.70% | +17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 7.37% | -5.41% |
Volatility
SPX5.L vs. SGLN.L - Volatility Comparison
The current volatility for SPDR S&P 500 UCITS ETF (SPX5.L) is 3.60%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.68%. This indicates that SPX5.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
| SPX5.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 6.68% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 20.78% | -13.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 23.82% | -13.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 21.84% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 18.84% | -3.31% |
SPX5.L vs. SGLN.L - Expense Ratio Comparison
SPX5.L has a 0.09% expense ratio, which is lower than SGLN.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPX5.L vs. SGLN.L - Dividend Comparison
SPX5.L's dividend yield for the trailing twelve months is around 0.90%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPX5.L SPDR S&P 500 UCITS ETF | 0.90% | 0.98% | 1.03% | 1.21% | 1.39% | 0.98% | 1.40% | 1.48% | 1.71% | 1.57% | 1.49% | 1.68% |
Frequently Asked Questions
SPX5.L and SGLN.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SGLN.L.
SPX5.L is categorized as S&P 500, while SGLN.L is Gold. SPX5.L tracks S&P 500 Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.09% for SPX5.L and 0.12% for SGLN.L.
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