TEGB.L vs. SGLN.L
TEGB.L (VanEck Sustainable European Equal Weight UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - TEGB.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, TEGB.L returned 10.76%/yr vs 20.12%/yr for SGLN.L. At a 0.03 correlation, their price movements are largely independent. TEGB.L charges 0.40%/yr vs 0.12%/yr for SGLN.L.
Performance
TEGB.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
TEGB.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, TEGB.L achieves a 6.39% return, which is significantly higher than SGLN.L's 3.89% return.
TEGB.L
- 1D
- 0.46%
- 1M
- 1.40%
- YTD
- 6.39%
- 6M
- 8.89%
- 1Y
- 18.76%
- 3Y*
- 15.88%
- 5Y*
- 10.76%
- 10Y*
- —
SGLN.L
- 1D
- 0.70%
- 1M
- -3.53%
- YTD
- 3.89%
- 6M
- 5.21%
- 1Y
- 34.65%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
TEGB.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TEGB.L VanEck Sustainable European Equal Weight UCITS ETF | 6.39% | 27.36% | 6.93% | 17.13% | -6.85% | 19.36% | 2.38% | 14.64% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 15.81% |
Correlation
The correlation between TEGB.L and SGLN.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.03 |
The correlation between TEGB.L and SGLN.L shifts across timeframes, from 0.02 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TEGB.L vs. SGLN.L — Risk / Return Rank
TEGB.L
SGLN.L
TEGB.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable European Equal Weight UCITS ETF (TEGB.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.
| TEGB.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.91 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.21 | 5.05 | +1.16 |
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
| TEGB.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.45 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.23 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.55 | +0.13 |
Drawdowns
TEGB.L vs. SGLN.L - Drawdown Comparison
The maximum TEGB.L drawdown since its inception was -30.69%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for TEGB.L and SGLN.L.
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Drawdown Indicators
| TEGB.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -41.71% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -17.57% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -17.57% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -17.57% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -0.49% | -16.01% | +15.52% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -14.76% | +10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 6.67% | -3.58% |
Volatility
TEGB.L vs. SGLN.L - Volatility Comparison
The current volatility for VanEck Sustainable European Equal Weight UCITS ETF (TEGB.L) is 4.34%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that TEGB.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
| TEGB.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 5.08% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 20.08% | -8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 23.19% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 16.30% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 15.78% | +1.22% |
TEGB.L vs. SGLN.L - Expense Ratio Comparison
TEGB.L has a 0.40% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
TEGB.L vs. SGLN.L - Dividend Comparison
TEGB.L's dividend yield for the trailing twelve months is around 2.69%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEGB.L VanEck Sustainable European Equal Weight UCITS ETF | 2.69% | 2.41% | 2.78% | 2.65% | 2.85% | 2.52% | 2.38% | 3.84% |
Frequently Asked Questions
TEGB.L and SGLN.L have a correlation of 0.18, 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 0.40% for TEGB.L.
TEGB.L is categorized as Europe Equities, while SGLN.L is Gold. TEGB.L tracks MSCI Europe NR EUR, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for TEGB.L and 0.12% for SGLN.L.
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