VFEG.L vs. SGLN.L
VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, VFEG.L returned 5.67%/yr vs 19.24%/yr for SGLN.L. At a 0.14 correlation, their price movements are largely independent. VFEG.L charges 0.22%/yr vs 0.12%/yr for SGLN.L.
Performance
VFEG.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
VFEG.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, VFEG.L achieves a 9.05% return, which is significantly higher than SGLN.L's 1.38% return.
VFEG.L
- 1D
- -0.14%
- 1M
- -1.60%
- YTD
- 9.05%
- 6M
- 9.31%
- 1Y
- 26.30%
- 3Y*
- 14.10%
- 5Y*
- 5.67%
- 10Y*
- —
SGLN.L
- 1D
- -0.06%
- 1M
- -6.00%
- YTD
- 1.38%
- 6M
- 3.07%
- 1Y
- 31.70%
- 3Y*
- 27.57%
- 5Y*
- 19.24%
- 10Y*
- 13.68%
VFEG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 9.05% | 17.15% | 14.12% | 1.28% | -7.26% | -0.01% | 11.28% | -15.84% |
SGLN.L iShares Physical Gold ETC | 1.38% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | -5.90% |
Correlation
The correlation between VFEG.L and SGLN.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.14 |
The correlation between VFEG.L and SGLN.L shifts across timeframes, from 0.14 (5 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VFEG.L vs. SGLN.L — Risk / Return Rank
VFEG.L
SGLN.L
VFEG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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.
| VFEG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 1.75 | +1.16 |
| Martin ratioReturn relative to average drawdown | 9.49 | 4.61 | +4.88 |
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
| VFEG.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.35 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.89 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.25 | -0.08 |
Drawdowns
VFEG.L vs. SGLN.L - Drawdown Comparison
The maximum VFEG.L drawdown since its inception was -34.33%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for VFEG.L and SGLN.L.
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Drawdown Indicators
| VFEG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -53.23% | +18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -18.04% | +9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -20.33% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -20.33% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.30% | — |
Current DrawdownCurrent decline from peak | -3.77% | -18.04% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -24.71% | +12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 6.86% | -4.09% |
Volatility
VFEG.L vs. SGLN.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a higher volatility of 5.25% compared to iShares Physical Gold ETC (SGLN.L) at 4.84%. This indicates that VFEG.L's price experiences larger fluctuations and is considered to be riskier 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
| VFEG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 4.84% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 20.20% | -8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 23.35% | -9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 21.74% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 18.80% | +3.40% |
VFEG.L vs. SGLN.L - Expense Ratio Comparison
VFEG.L has a 0.22% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFEG.L vs. SGLN.L - Dividend Comparison
Neither VFEG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
VFEG.L and SGLN.L have a correlation of 0.25, 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 0.22% for VFEG.L.
VFEG.L is categorized as Emerging Markets Equities, while SGLN.L is Gold. VFEG.L tracks MSCI EM NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEG.L and 0.12% for SGLN.L.
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