WSML.L vs. SGLN.L
WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - WSML.L is a Global Equities fund tracking the MSCI World Small Cap Index, while SGLN.L is a Precious Metals fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, WSML.L returned 6.95%/yr vs 18.69%/yr for SGLN.L. At a 0.11 correlation, their price movements are largely independent.
Performance
WSML.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
WSML.L is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSML.L achieves a 13.77% return, which is significantly higher than SGLN.L's 2.93% return.
WSML.L
- 1D
- -0.41%
- 1M
- 3.09%
- YTD
- 13.77%
- 6M
- 15.69%
- 1Y
- 32.37%
- 3Y*
- 17.80%
- 5Y*
- 6.95%
- 10Y*
- —
SGLN.L
- 1D
- -1.41%
- 1M
- -3.91%
- YTD
- 2.93%
- 6M
- 4.91%
- 1Y
- 32.35%
- 3Y*
- 31.17%
- 5Y*
- 18.69%
- 10Y*
- 13.41%
WSML.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WSML.L iShares MSCI World Small Cap UCITS ETF USD (Acc) | 13.77% | 19.94% | 7.40% | 17.06% | -18.62% | 15.23% | 16.50% | 24.35% | -12.64% |
SGLN.L iShares Physical Gold ETC | 2.93% | 65.25% | 26.06% | 12.89% | -0.12% | -3.46% | 23.28% | 19.23% | -3.36% |
Correlation
The correlation between WSML.L and SGLN.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.11 |
Over the past year, WSML.L and SGLN.L have become more correlated (0.31) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
WSML.L vs. SGLN.L — Risk / Return Rank
WSML.L
SGLN.L
WSML.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.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.
| WSML.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.84 | +1.73 |
| Martin ratioReturn relative to average drawdown | 13.00 | 4.78 | +8.22 |
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
| WSML.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.33 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.07 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | +0.01 |
Drawdowns
WSML.L vs. SGLN.L - Drawdown Comparison
The maximum WSML.L drawdown since its inception was -41.14%, smaller than the maximum SGLN.L drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for WSML.L and SGLN.L.
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Drawdown Indicators
| WSML.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -45.21% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -17.50% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -17.50% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -21.27% | -9.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.27% | — |
Current DrawdownCurrent decline from peak | -0.41% | -16.47% | +16.06% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -19.80% | +11.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 6.75% | -4.27% |
Volatility
WSML.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) is 4.42%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.66%. This indicates that WSML.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
| WSML.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 5.66% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 21.01% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 24.25% | -9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 17.51% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 15.86% | +3.74% |
Dividends
WSML.L vs. SGLN.L - Dividend Comparison
Neither WSML.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
WSML.L and SGLN.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSML.L is categorized as Global Equities, while SGLN.L is Precious Metals. WSML.L tracks MSCI World Small Cap Index, while SGLN.L tracks LBMA Gold Price.
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