XGLS.L vs. SGBX.L
XGLS.L (Xtrackers Physical Gold GBP Hedged ETC) and SGBX.L (WisdomTree Physical Swiss Gold) are both Precious Metals funds - XGLS.L tracks the Gold (GBP Hedged) while SGBX.L tracks the Gold. Both are passively managed. Over the past 5 years, XGLS.L returned 17.04%/yr vs 19.84%/yr for SGBX.L. A 0.76 correlation means they provide meaningful diversification when combined. XGLS.L charges 0.69%/yr vs 0.15%/yr for SGBX.L.
Performance
XGLS.L vs. SGBX.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGLS.L achieves a 2.92% return, which is significantly lower than SGBX.L's 3.86% return.
XGLS.L
- 1D
- 0.61%
- 1M
- -2.45%
- YTD
- 2.92%
- 6M
- 5.12%
- 1Y
- 30.57%
- 3Y*
- 29.95%
- 5Y*
- 17.04%
- 10Y*
- 11.70%
SGBX.L
- 1D
- 0.68%
- 1M
- -1.38%
- YTD
- 3.86%
- 6M
- 5.27%
- 1Y
- 33.50%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
XGLS.L vs. SGBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLS.L Xtrackers Physical Gold GBP Hedged ETC | 2.92% | 63.07% | 24.85% | 11.63% | -1.63% | -4.91% | 22.11% | 15.69% | -3.62% | 1.95% |
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
Correlation
The correlation between XGLS.L and SGBX.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.76 |
The correlation between XGLS.L and SGBX.L shifts across timeframes, from 0.76 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGLS.L vs. SGBX.L — Risk / Return Rank
XGLS.L
SGBX.L
XGLS.L vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold GBP Hedged ETC (XGLS.L) and WisdomTree Physical Swiss Gold (SGBX.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.
| XGLS.L | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.85 | -0.17 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.94 | -0.58 |
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
| XGLS.L | SGBX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.44 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.23 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.90 | -0.55 |
Drawdowns
XGLS.L vs. SGBX.L - Drawdown Comparison
The maximum XGLS.L drawdown since its inception was -46.55%, which is greater than SGBX.L's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for XGLS.L and SGBX.L.
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Drawdown Indicators
| XGLS.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -22.29% | -24.26% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -18.07% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -18.07% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -18.07% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -16.29% | -16.26% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -23.37% | -6.07% | -17.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 6.76% | +0.23% |
Volatility
XGLS.L vs. SGBX.L - Volatility Comparison
Xtrackers Physical Gold GBP Hedged ETC (XGLS.L) has a higher volatility of 6.37% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 5.08%. This indicates that XGLS.L's price experiences larger fluctuations and is considered to be riskier than SGBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLS.L | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 5.08% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.81% | 19.94% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 23.13% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 16.17% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 15.17% | +0.35% |
XGLS.L vs. SGBX.L - Expense Ratio Comparison
XGLS.L has a 0.69% expense ratio, which is higher than SGBX.L's 0.15% expense ratio.
Dividends
XGLS.L vs. SGBX.L - Dividend Comparison
Neither XGLS.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XGLS.L and SGBX.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.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.69% for XGLS.L.
XGLS.L tracks Gold (GBP Hedged), while SGBX.L tracks Gold. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.69% for XGLS.L and 0.15% for SGBX.L.
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