TP05.L vs. SGLN.L
TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - TP05.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, TP05.L returned 0.21%/yr vs 20.12%/yr for SGLN.L. At a 0.27 correlation, their price movements are largely independent. TP05.L charges 0.10%/yr vs 0.12%/yr for SGLN.L.
Performance
TP05.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, TP05.L achieves a -0.38% return, which is significantly lower than SGLN.L's 3.89% return.
TP05.L
- 1D
- -0.05%
- 1M
- -1.67%
- YTD
- -0.38%
- 6M
- -1.26%
- 1Y
- -0.27%
- 3Y*
- -3.94%
- 5Y*
- 0.21%
- 10Y*
- —
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
TP05.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | -0.38% | -6.85% | -0.44% | -6.21% | 8.40% | 6.35% | -1.65% | -1.59% | 3.26% | -4.52% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | -0.97% |
Correlation
The correlation between TP05.L and SGLN.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.27 |
The correlation between TP05.L and SGLN.L shifts across timeframes, from -0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TP05.L vs. SGLN.L — Risk / Return Rank
TP05.L
SGLN.L
TP05.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.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.
| TP05.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.91 | -1.95 |
| Martin ratioReturn relative to average drawdown | -0.07 | 5.05 | -5.11 |
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
| TP05.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.45 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.23 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.55 | -0.61 |
Drawdowns
TP05.L vs. SGLN.L - Drawdown Comparison
The maximum TP05.L drawdown since its inception was -23.61%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for TP05.L and SGLN.L.
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Drawdown Indicators
| TP05.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -41.71% | +18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -17.57% | +9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -17.57% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -17.57% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -22.31% | -16.01% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -14.76% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 6.67% | -2.79% |
Volatility
TP05.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) is 3.02%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that TP05.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
| TP05.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 5.08% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 20.08% | -14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 23.19% | -15.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 16.30% | -7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 15.78% | -6.79% |
TP05.L vs. SGLN.L - Expense Ratio Comparison
TP05.L has a 0.10% 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
TP05.L vs. SGLN.L - Dividend Comparison
TP05.L's dividend yield for the trailing twelve months is around 0.06%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.06% | 0.06% | 0.07% | 0.05% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.01% |
Frequently Asked Questions
TP05.L and SGLN.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TP05.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TP05.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SGLN.L.
TP05.L is categorized as Inflation-Protected Bonds, while SGLN.L is Gold. TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.10% for TP05.L and 0.12% for SGLN.L.
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