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SPXJ.L vs. SGLN.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPXJ.L vs. SGLN.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and iShares Physical Gold ETC (SGLN.L).

SPXJ.L and SGLN.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXJ.L is a passively managed fund by iShares that tracks the performance of the MSCI Pacific Ex Japan NR USD. It was launched on Apr 17, 2009. SGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both SPXJ.L and SGLN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPXJ.L vs. SGLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and iShares Physical Gold ETC (SGLN.L). The values are adjusted to include any dividend payments, if applicable.

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SPXJ.L vs. SGLN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		7.42%11.54%7.16%-1.01%4.28%5.67%1.82%15.19%-5.97%13.88%
SGLN.L
iShares Physical Gold ETC		10.13%53.66%28.20%7.24%11.84%-2.57%19.62%14.63%4.36%1.68%

Returns By Period

In the year-to-date period, SPXJ.L achieves a 7.42% return, which is significantly lower than SGLN.L's 10.13% return. Over the past 10 years, SPXJ.L has underperformed SGLN.L with an annualized return of 8.25%, while SGLN.L has yielded a comparatively higher 15.05% annualized return.

SPXJ.L

1D
0.29%
1M
-0.86%
YTD
7.42%
6M
6.68%
1Y
21.64%
3Y*
8.16%
5Y*
6.16%
10Y*
8.25%

SGLN.L

1D
-1.71%
1M
-8.27%
YTD
10.13%
6M
23.48%
1Y
46.08%
3Y*
29.85%
5Y*
23.05%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares MSCI Pacific ex-Japan UCITS ETF (Dist)

iShares Physical Gold ETC

Often compared with SPXJ.L:
SPXJ.L vs. SPYSPXJ.L vs. XDEQ.LSPXJ.L vs. ASDV.LSPXJ.L vs. CNDX.LSPXJ.L vs. CP9G.LSPXJ.L vs. CPJ1.LSPXJ.L vs. EIMI.L
Often compared with SGLN.L:
SGLN.L vs. IGLN.LSGLN.L vs. GLDSGLN.L vs. IAUSGLN.L vs. SGLS.LSGLN.L vs. GLDW.LSGLN.L vs. SGLD.TOSGLN.L vs. GBSP.L

SPXJ.L vs. SGLN.L - Expense Ratio Comparison

SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)

Return for Risk

SPXJ.L vs. SGLN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXJ.L
SPXJ.L Risk / Return Rank: 7070
Overall Rank
SPXJ.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SPXJ.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
SPXJ.L Omega Ratio Rank: 7979
Omega Ratio Rank
SPXJ.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
SPXJ.L Martin Ratio Rank: 6161
Martin Ratio Rank
SGLN.L
SGLN.L Risk / Return Rank: 8585
Overall Rank
SGLN.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SGLN.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SGLN.L Omega Ratio Rank: 8585
Omega Ratio Rank
SGLN.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
SGLN.L Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXJ.L vs. SGLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.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.

SPXJ.LSGLN.LDifference

Sharpe ratio

Return per unit of total volatility

1.52

1.87

-0.35

Sortino ratio

Return per unit of downside risk

1.97

2.32

-0.36

Omega ratio

Gain probability vs. loss probability

1.32

1.35

-0.04

Calmar ratio

Return relative to maximum drawdown

1.76

2.77

-1.01

Martin ratio

Return relative to average drawdown

7.55

11.27

-3.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXJ.L vs. SGLN.L - Sharpe Ratio Comparison

The current SPXJ.L Sharpe Ratio is 1.52, which is comparable to the SGLN.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of SPXJ.L and SGLN.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPXJ.LSGLN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

1.87

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

1.42

-0.95

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.95

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.58

-0.02

Correlation

The correlation between SPXJ.L and SGLN.L 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.

Dividends

SPXJ.L vs. SGLN.L - Dividend Comparison

SPXJ.L's dividend yield for the trailing twelve months is around 2.72%, while SGLN.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		2.72%2.93%3.42%3.60%3.75%2.84%2.63%3.63%3.71%3.36%3.20%3.30%
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%

Drawdowns

SPXJ.L vs. SGLN.L - Drawdown Comparison

The maximum SPXJ.L drawdown since its inception was -32.61%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for SPXJ.L and SGLN.L.

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Drawdown Indicators

SPXJ.LSGLN.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.61%

-41.71%

+9.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-17.57%

+8.32%

Max Drawdown (5Y)

Largest decline over 5 years

-17.62%

-17.57%

-0.05%

Max Drawdown (10Y)

Largest decline over 10 years

-32.61%

-21.91%

-10.70%

Current Drawdown

Current decline from peak

-4.30%

-10.96%

+6.66%

Average Drawdown

Average peak-to-trough decline

-6.61%

-14.78%

+8.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

4.32%

-1.53%

Volatility

SPXJ.L vs. SGLN.L - Volatility Comparison

The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) is 4.48%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 11.73%. This indicates that SPXJ.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

SPXJ.LSGLN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.48%

11.73%

-7.25%

Volatility (6M)

Calculated over the trailing 6-month period

8.64%

21.29%

-12.65%

Volatility (1Y)

Calculated over the trailing 1-year period

14.58%

24.55%

-9.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.98%

16.16%

-1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.46%

15.76%

+1.70%