XLYP.L vs. SGLP.L

Last updated Jun 5, 2026

XLYP.L (Invesco US Consumer Discretionary Sector UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - XLYP.L is a Consumer Discretionary Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, XLYP.L returned 13.68%/yr vs 14.26%/yr for SGLP.L. At a correlation of -0.00, they often move in opposite directions. XLYP.L charges 0.14%/yr vs 0.12%/yr for SGLP.L.

Performance

XLYP.L vs. SGLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco Physical Gold A (SGLP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLYP.L achieves a -2.69% return, which is significantly lower than SGLP.L's 3.97% return. Both investments have delivered pretty close results over the past 10 years, with XLYP.L having a 13.68% annualized return and SGLP.L not far ahead at 14.26%.

XLYP.L

• 1D: 0.33%
• 1M: 0.28%
• YTD: -2.69%
• 6M: -1.86%
• 1Y: 10.71%
• 3Y*: 12.55%
• 5Y*: 9.67%
• 10Y*: 13.68%

SGLP.L

• 1D: 0.70%
• 1M: -3.54%
• YTD: 3.97%
• 6M: 5.23%
• 1Y: 34.67%
• 3Y*: 28.15%
• 5Y*: 19.87%
• 10Y*: 14.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLYP.L vs. SGLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-2.69%	0.23%	30.67%	32.31%	-26.14%	30.65%	22.15%	24.16%	6.23%	11.28%
SGLP.L Invesco Physical Gold A	3.97%	53.60%	28.14%	7.26%	11.83%	-2.88%	19.99%	14.65%	4.31%	1.64%

Correlation

The correlation between XLYP.L and SGLP.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	-0.00

The correlation between XLYP.L and SGLP.L shifts across timeframes, from -0.08 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XLYP.L vs. SGLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLYP.L

XLYP.L Risk / Return Rank: 20
XLYP.L Sharpe Ratio Rank: 21
XLYP.L Sortino Ratio Rank: 21
XLYP.L Omega Ratio Rank: 20
XLYP.L Calmar Ratio Rank: 20
XLYP.L Martin Ratio Rank: 20

SGLP.L

SGLP.L Risk / Return Rank: 40
SGLP.L Sharpe Ratio Rank: 42
SGLP.L Sortino Ratio Rank: 37
SGLP.L Omega Ratio Rank: 47
SGLP.L Calmar Ratio Rank: 39
SGLP.L Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLYP.L vs. SGLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) 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.

	XLYP.L	SGLP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.68	1.46	-0.78
Sortino ratio: Return per unit of downside risk	1.06	1.90	-0.84
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.84	1.88	-1.04
Martin ratio: Return relative to average drawdown	2.32	5.06	-2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLYP.L vs. SGLP.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.68, which is lower than the SGLP.L Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of XLYP.L and SGLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XLYP.L	SGLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.46	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	1.23	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.91	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.53	+0.22

Drawdowns

XLYP.L vs. SGLP.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, smaller than the maximum SGLP.L drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for XLYP.L and SGLP.L.

Drawdown Indicators

	XLYP.L	SGLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-38.83%	+8.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-17.89%	+5.16%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-17.89%	-8.63%
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	-17.89%	-12.51%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-22.34%	-8.06%
Current Drawdown Current decline from peak	-6.66%	-15.97%	+9.31%
Average Drawdown Average peak-to-trough decline	-6.54%	-13.37%	+6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	6.65%	-2.05%

Volatility

XLYP.L vs. SGLP.L - Volatility Comparison

Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco Physical Gold A (SGLP.L) have volatilities of 5.00% and 5.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLYP.L	SGLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.10%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	19.90%	-8.09%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	23.02%	-7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	16.11%	+4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	15.72%	+4.14%

XLYP.L vs. SGLP.L - Expense Ratio Comparison

XLYP.L has a 0.14% expense ratio, which is higher than SGLP.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

XLYP.L vs. SGLP.L - Dividend Comparison

Neither XLYP.L nor SGLP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLYP.L and SGLP.L in my portfolio?

XLYP.L and SGLP.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLYP.L or SGLP.L?

On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLYP.L or SGLP.L?

SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.14% for XLYP.L.

What is the main difference between XLYP.L and SGLP.L?

XLYP.L is categorized as Consumer Discretionary Equities, while SGLP.L is Precious Metals. XLYP.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while SGLP.L tracks Gold. Their fees differ too: 0.14% for XLYP.L and 0.12% for SGLP.L.