VEVE.L vs. SGLN.L
VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, VEVE.L returned 14.06%/yr vs 13.01%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
VEVE.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
VEVE.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, VEVE.L achieves a 10.77% return, which is significantly higher than SGLN.L's -1.83% return. Over the past 10 years, VEVE.L has outperformed SGLN.L with an annualized return of 14.06%, while SGLN.L has yielded a comparatively lower 13.01% annualized return.
VEVE.L
- 1D
- 1.79%
- 1M
- 0.63%
- YTD
- 10.77%
- 6M
- 11.37%
- 1Y
- 28.30%
- 3Y*
- 17.81%
- 5Y*
- 12.89%
- 10Y*
- 14.06%
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
VEVE.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 10.77% | 13.81% | 20.22% | 17.46% | -8.34% | 22.68% | 12.44% | 22.89% | -4.39% | 12.62% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between VEVE.L and SGLN.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.07 |
The correlation between VEVE.L and SGLN.L shifts across timeframes, from 0.04 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEVE.L vs. SGLN.L — Risk / Return Rank
VEVE.L
SGLN.L
VEVE.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.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.
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.
| VEVE.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.13 | +2.84 |
| Martin ratioReturn relative to average drawdown | 15.94 | 3.51 | +12.43 |
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Drawdowns
VEVE.L vs. SGLN.L - Drawdown Comparison
The maximum VEVE.L drawdown since its inception was -25.53%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for VEVE.L and SGLN.L.
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Drawdown Indicators
| VEVE.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.53% | -53.23% | +27.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -22.87% | +15.93% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -22.87% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.34% | -22.87% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.53% | -22.87% | -2.66% |
Current DrawdownCurrent decline from peak | -1.32% | -20.64% | +19.32% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -24.70% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 7.37% | -5.64% |
Volatility
VEVE.L vs. SGLN.L - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) is 3.53%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.68%. This indicates that VEVE.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
| VEVE.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 6.68% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 20.78% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 23.82% | -13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 21.84% | -8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 18.84% | -4.49% |
VEVE.L vs. SGLN.L - Expense Ratio Comparison
Both VEVE.L and SGLN.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VEVE.L vs. SGLN.L - Dividend Comparison
VEVE.L's dividend yield for the trailing twelve months is around 1.24%, while SGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 1.24% | 1.38% | 1.48% | 1.71% | 1.98% | 1.46% | 1.62% | 1.95% | 2.24% | 1.93% | 1.88% | 2.03% |
Frequently Asked Questions
VEVE.L and SGLN.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.L and SGLN.L have the same expense ratio: 0.12% per year.
VEVE.L is categorized as Global Equities, while SGLN.L is Gold. VEVE.L tracks MSCI ACWI NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Vanguard and iShares.
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