SUOE.L vs. SGLN.L
SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SUOE.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SUOE.L returned 0.03%/yr vs 19.96%/yr for SGLN.L. At a 0.22 correlation, their price movements are largely independent. SUOE.L charges 0.15%/yr vs 0.12%/yr for SGLN.L.
Performance
SUOE.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
SUOE.L is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUOE.L achieves a 0.57% return, which is significantly lower than SGLN.L's 4.84% return.
SUOE.L
- 1D
- 0.15%
- 1M
- 0.35%
- YTD
- 0.57%
- 6M
- 0.57%
- 1Y
- 2.19%
- 3Y*
- 4.51%
- 5Y*
- 0.03%
- 10Y*
- —
SGLN.L
- 1D
- 0.63%
- 1M
- -3.61%
- YTD
- 4.84%
- 6M
- 6.21%
- 1Y
- 31.27%
- 3Y*
- 27.98%
- 5Y*
- 19.96%
- 10Y*
- 13.19%
SUOE.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.57% | 2.96% | 4.25% | 7.30% | -13.15% | -1.22% | 2.57% | 6.04% | -0.59% |
SGLN.L iShares Physical Gold ETC | 4.84% | 45.64% | 34.39% | 9.51% | 6.07% | 3.76% | 13.12% | 21.93% | 3.16% |
Correlation
The correlation between SUOE.L and SGLN.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.22 |
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Return for Risk
SUOE.L vs. SGLN.L — Risk / Return Rank
SUOE.L
SGLN.L
SUOE.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.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.
| SUOE.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.78 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.44 | 4.55 | -2.11 |
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
| SUOE.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.30 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.22 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.58 | -0.41 |
Drawdowns
SUOE.L vs. SGLN.L - Drawdown Comparison
The maximum SUOE.L drawdown since its inception was -17.06%, smaller than the maximum SGLN.L drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for SUOE.L and SGLN.L.
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Drawdown Indicators
| SUOE.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.06% | -37.02% | +19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -16.91% | +14.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -16.91% | +14.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.06% | -16.91% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.37% | — |
Current DrawdownCurrent decline from peak | -1.09% | -15.33% | +14.24% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -13.26% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 6.64% | -5.87% |
Volatility
SUOE.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) is 1.24%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.05%. This indicates that SUOE.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
| SUOE.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 5.05% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 20.21% | -17.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 23.21% | -20.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 16.41% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 14.94% | -9.45% |
SUOE.L vs. SGLN.L - Expense Ratio Comparison
SUOE.L has a 0.15% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUOE.L vs. SGLN.L - Dividend Comparison
SUOE.L's dividend yield for the trailing twelve months is around 3.27%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.27% | 3.23% | 3.18% | 2.52% | 0.83% | 0.47% | 0.57% | 0.77% | 0.30% |
Frequently Asked Questions
SUOE.L and SGLN.L have a correlation of 0.26, 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 0.15% for SUOE.L.
SUOE.L is categorized as European Corporate Bonds, while SGLN.L is Gold. SUOE.L tracks Bloomberg Euro Corp TR EUR, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.15% for SUOE.L and 0.12% for SGLN.L.
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