XDBG.L vs. SGLN.L
XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - XDBG.L is a Commodities fund tracking the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, XDBG.L returned 8.57%/yr vs 14.27%/yr for SGLN.L. At a 0.23 correlation, their price movements are largely independent. XDBG.L charges 0.39%/yr vs 0.12%/yr for SGLN.L.
Performance
XDBG.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDBG.L achieves a 23.03% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, XDBG.L has underperformed SGLN.L with an annualized return of 8.57%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
XDBG.L
- 1D
- -0.42%
- 1M
- 0.58%
- YTD
- 23.03%
- 6M
- 26.01%
- 1Y
- 44.88%
- 3Y*
- 18.96%
- 5Y*
- 14.38%
- 10Y*
- 8.57%
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%
XDBG.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 23.03% | 25.68% | 8.15% | -11.18% | 18.13% | 38.25% | -3.17% | 5.10% | -12.92% | 4.24% |
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 XDBG.L and SGLN.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.23 |
Over the past year, XDBG.L and SGLN.L have become more correlated (0.46) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
XDBG.L vs. SGLN.L — Risk / Return Rank
XDBG.L
SGLN.L
XDBG.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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.
| XDBG.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 1.91 | +2.86 |
| Martin ratioReturn relative to average drawdown | 13.39 | 5.05 | +8.34 |
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
| XDBG.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.45 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.23 | -0.48 |
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 | 0.08 | 0.55 | -0.47 |
Drawdowns
XDBG.L vs. SGLN.L - Drawdown Comparison
The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for XDBG.L and SGLN.L.
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Drawdown Indicators
| XDBG.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.69% | -41.71% | -22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -17.57% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -17.57% | +4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -17.57% | -11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -21.91% | -15.15% |
Current DrawdownCurrent decline from peak | -2.78% | -16.01% | +13.23% |
Average DrawdownAverage peak-to-trough decline | -35.22% | -14.76% | -20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 6.67% | -3.33% |
Volatility
XDBG.L vs. SGLN.L - Volatility Comparison
The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) is 4.24%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that XDBG.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
| XDBG.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.08% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 20.08% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 23.19% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 16.30% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 15.78% | +0.23% |
XDBG.L vs. SGLN.L - Expense Ratio Comparison
XDBG.L has a 0.39% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
XDBG.L vs. SGLN.L - Dividend Comparison
Neither XDBG.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
XDBG.L and SGLN.L have a correlation of 0.46, 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 0.39% for XDBG.L.
XDBG.L is categorized as Commodities, while SGLN.L is Gold. XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XDBG.L and 0.12% for SGLN.L.
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