UC90.L vs. SGLN.L
UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - UC90.L is a Commodities fund tracking the UBS CMCI (GBP Hedged), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, UC90.L returned 7.57%/yr vs 14.27%/yr for SGLN.L. At a 0.10 correlation, their price movements are largely independent. UC90.L charges 0.34%/yr vs 0.12%/yr for SGLN.L.
Performance
UC90.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC90.L achieves a 21.40% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, UC90.L has underperformed SGLN.L with an annualized return of 7.57%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
UC90.L
- 1D
- -1.30%
- 1M
- -1.81%
- YTD
- 21.40%
- 6M
- 22.49%
- 1Y
- 30.42%
- 3Y*
- 12.90%
- 5Y*
- 10.87%
- 10Y*
- 7.57%
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%
UC90.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC90.L UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc | 21.40% | 9.58% | 4.52% | -2.02% | 14.86% | 33.21% | -1.26% | 5.91% | -11.85% | 5.39% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between UC90.L and SGLN.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2015 | 0.10 |
The correlation between UC90.L and SGLN.L shifts across timeframes, from 0.10 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UC90.L vs. SGLN.L — Risk / Return Rank
UC90.L
SGLN.L
UC90.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.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.
| UC90.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.33 | 1.91 | +4.41 |
| Martin ratioReturn relative to average drawdown | 14.07 | 5.05 | +9.03 |
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
| UC90.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.45 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.23 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.90 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.55 | -0.17 |
Drawdowns
UC90.L vs. SGLN.L - Drawdown Comparison
The maximum UC90.L drawdown since its inception was -41.45%, roughly equal to the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for UC90.L and SGLN.L.
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Drawdown Indicators
| UC90.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.45% | -41.71% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -17.57% | +12.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -17.57% | +6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -17.57% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -38.26% | -21.91% | -16.35% |
Current DrawdownCurrent decline from peak | -4.67% | -16.01% | +11.34% |
Average DrawdownAverage peak-to-trough decline | -13.18% | -14.76% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 6.67% | -4.51% |
Volatility
UC90.L vs. SGLN.L - Volatility Comparison
UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) and iShares Physical Gold ETC (SGLN.L) have volatilities of 4.94% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC90.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.08% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 20.08% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 23.19% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 16.30% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 15.78% | -1.55% |
UC90.L vs. SGLN.L - Expense Ratio Comparison
UC90.L has a 0.34% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
UC90.L vs. SGLN.L - Dividend Comparison
Neither UC90.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
UC90.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, 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 0.34% for UC90.L.
UC90.L is categorized as Commodities, while SGLN.L is Gold. UC90.L tracks UBS CMCI (GBP Hedged), while SGLN.L tracks LBMA Gold Price. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for UC90.L and 0.12% for SGLN.L.
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