TRIA.L vs. SGLP.L
TRIA.L (Invesco US Treasury Bond 0-1 Year UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - TRIA.L is a Government Bonds fund tracking the Invesco US Treasury Bond 0-1 Year UCITS ETF, while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 5 years, TRIA.L returned 3.35%/yr vs 17.42%/yr for SGLP.L. At a 0.11 correlation, their price movements are largely independent. TRIA.L charges 0.06%/yr vs 0.12%/yr for SGLP.L.
Performance
TRIA.L vs. SGLP.L - Performance Comparison
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Different Trading Currencies
TRIA.L is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRIA.L achieves a 1.88% return, which is significantly higher than SGLP.L's -5.78% return.
TRIA.L
- 1D
- 0.05%
- 1M
- 0.34%
- 6M
- 1.77%
- YTD
- 1.88%
- 1Y
- 4.06%
- 3Y*
- 4.67%
- 5Y*
- 3.35%
- 10Y*
- —
SGLP.L
- 1D
- -0.48%
- 1M
- -6.63%
- 6M
- -12.10%
- YTD
- -5.78%
- 1Y
- 21.95%
- 3Y*
- 27.42%
- 5Y*
- 17.42%
- 10Y*
- 11.66%
TRIA.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRIA.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 1.88% | 4.33% | 5.17% | 4.97% | 0.53% | -0.00% | 1.10% |
SGLP.L Invesco Physical Gold A | -5.78% | 65.19% | 26.00% | 12.92% | -0.12% | -3.76% | 21.07% |
Correlation
The correlation between TRIA.L and SGLP.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.11 |
The correlation between TRIA.L and SGLP.L shifts across timeframes, from -0.01 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRIA.L vs. SGLP.L — Risk / Return Rank
TRIA.L
SGLP.L
TRIA.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF (TRIA.L) and Invesco Physical Gold A (SGLP.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.
| TRIA.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 2.44 | 1.17 | +1.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 0.89 | +2.39 |
| Martin ratioReturn relative to average drawdown | 9.26 | 2.17 | +7.09 |
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Drawdowns
TRIA.L vs. SGLP.L - Drawdown Comparison
The maximum TRIA.L drawdown since its inception was -1.22%, smaller than the maximum SGLP.L drawdown of -66.38%. Use the drawdown chart below to compare losses from any high point for TRIA.L and SGLP.L.
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Drawdown Indicators
| TRIA.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.22% | -66.38% | +65.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -24.56% | +23.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -24.56% | +23.34% |
Max Drawdown (5Y)Largest decline over 5 years | -1.22% | -24.56% | +23.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.56% | — |
Current DrawdownCurrent decline from peak | 0.00% | -23.56% | +23.56% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -39.67% | +39.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 10.07% | -9.64% |
Volatility
TRIA.L vs. SGLP.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF (TRIA.L) is 0.13%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.96%. This indicates that TRIA.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRIA.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 6.96% | -6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 21.96% | -19.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 25.49% | -23.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 22.80% | -21.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 18.84% | -17.91% |
TRIA.L vs. SGLP.L - Expense Ratio Comparison
TRIA.L has a 0.06% expense ratio, which is lower than SGLP.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
TRIA.L vs. SGLP.L - Dividend Comparison
Neither TRIA.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
TRIA.L and SGLP.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIA.L is cheaper with a 0.06% expense ratio, compared with 0.12% for SGLP.L.
TRIA.L is categorized as Government Bonds, while SGLP.L is Gold. TRIA.L tracks Invesco US Treasury Bond 0-1 Year UCITS ETF, while SGLP.L tracks Gold. Their fees differ too: 0.06% for TRIA.L and 0.12% for SGLP.L.
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