XGDU.DE vs. SGLP.L
XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and SGLP.L (Invesco Physical Gold A) are both Precious Metals funds tracking the Gold, from Xtrackers and Invesco respectively. Both are passively managed. Over the past 5 years, XGDU.DE returned 19.58%/yr vs 19.71%/yr for SGLP.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
XGDU.DE vs. SGLP.L - Performance Comparison
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Different Trading Currencies
XGDU.DE is traded in EUR, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGDU.DE achieves a 2.16% return, which is significantly lower than SGLP.L's 4.89% return.
XGDU.DE
- 1D
- -1.23%
- 1M
- -2.15%
- YTD
- 2.16%
- 6M
- 5.79%
- 1Y
- 29.40%
- 3Y*
- 27.75%
- 5Y*
- 19.58%
- 10Y*
- —
SGLP.L
- 1D
- 0.61%
- 1M
- -1.55%
- YTD
- 4.89%
- 6M
- 6.52%
- 1Y
- 30.28%
- 3Y*
- 27.95%
- 5Y*
- 19.71%
- 10Y*
- 13.18%
XGDU.DE vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDU.DE Xtrackers IE Physical Gold ETC Securities | 2.16% | 49.11% | 34.18% | 9.42% | 7.01% | 3.80% | -2.93% |
SGLP.L Invesco Physical Gold A | 4.89% | 45.59% | 34.32% | 9.54% | 6.07% | 3.44% | -0.69% |
Correlation
The correlation between XGDU.DE and SGLP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.93 |
The correlation between XGDU.DE and SGLP.L has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
XGDU.DE vs. SGLP.L — Risk / Return Rank
XGDU.DE
SGLP.L
XGDU.DE vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and Invesco Physical Gold A (SGLP.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.
| XGDU.DE | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.75 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.58 | 4.56 | +0.02 |
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
| XGDU.DE | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.31 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.21 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.54 | +0.45 |
Drawdowns
XGDU.DE vs. SGLP.L - Drawdown Comparison
The maximum XGDU.DE drawdown since its inception was -18.74%, smaller than the maximum SGLP.L drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and SGLP.L.
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Drawdown Indicators
| XGDU.DE | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -37.06% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.57% | -17.24% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -17.24% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.57% | -17.24% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.41% | — |
Current DrawdownCurrent decline from peak | -15.48% | -15.31% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -13.74% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 6.62% | -0.14% |
Volatility
XGDU.DE vs. SGLP.L - Volatility Comparison
Xtrackers IE Physical Gold ETC Securities (XGDU.DE) has a higher volatility of 5.51% compared to Invesco Physical Gold A (SGLP.L) at 5.07%. This indicates that XGDU.DE's price experiences larger fluctuations and is considered to be riskier than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.DE | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.07% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 20.05% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 23.07% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 16.25% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 14.81% | +0.97% |
XGDU.DE vs. SGLP.L - Expense Ratio Comparison
Both XGDU.DE and SGLP.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
XGDU.DE vs. SGLP.L - Dividend Comparison
Neither XGDU.DE nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XGDU.DE and SGLP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.DE and SGLP.L have the same expense ratio: 0.12% per year.
Both ETFs track Gold. They also come from different issuers: Xtrackers and Invesco.
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