XREP.L vs. SGLN.L
XREP.L (Invesco Real Estate S&P US Select Sector UCITS ETF GBP) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - XREP.L is a REIT fund tracking the S&P Select Sector Capped 20% Real Estate Index, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, XREP.L returned 6.73%/yr vs 28.17%/yr for SGLN.L. At a 0.05 correlation, their price movements are largely independent. XREP.L charges 0.14%/yr vs 0.12%/yr for SGLN.L.
Performance
XREP.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, XREP.L achieves a 9.29% return, which is significantly higher than SGLN.L's 3.89% return.
XREP.L
- 1D
- 0.09%
- 1M
- 0.76%
- YTD
- 9.29%
- 6M
- 8.24%
- 1Y
- 10.39%
- 3Y*
- 6.73%
- 5Y*
- —
- 10Y*
- —
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%
XREP.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XREP.L Invesco Real Estate S&P US Select Sector UCITS ETF GBP | 9.29% | -3.09% | 4.07% | 6.60% | 1.33% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 3.70% |
Correlation
The correlation between XREP.L and SGLN.L is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.05 |
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Return for Risk
XREP.L vs. SGLN.L — Risk / Return Rank
XREP.L
SGLN.L
XREP.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.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.
| XREP.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.91 | -1.56 |
| Martin ratioReturn relative to average drawdown | 0.52 | 5.05 | -4.52 |
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
| XREP.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 1.45 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.55 | -0.37 |
Drawdowns
XREP.L vs. SGLN.L - Drawdown Comparison
The maximum XREP.L drawdown since its inception was -29.50%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for XREP.L and SGLN.L.
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Drawdown Indicators
| XREP.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.50% | -41.71% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -17.57% | -11.93% |
Max Drawdown (3Y)Largest decline over 3 years | -29.50% | -17.57% | -11.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.91% | — |
Current DrawdownCurrent decline from peak | -21.53% | -16.01% | -5.52% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -14.76% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.76% | 6.67% | +13.09% |
Volatility
XREP.L vs. SGLN.L - Volatility Comparison
The current volatility for Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.L) is 3.93%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that XREP.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
| XREP.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 5.08% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 20.08% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 23.19% | +21.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.43% | 16.30% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 15.78% | +11.65% |
XREP.L vs. SGLN.L - Expense Ratio Comparison
XREP.L has a 0.14% expense ratio, which is higher than SGLN.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
XREP.L vs. SGLN.L - Dividend Comparison
Neither XREP.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
XREP.L and SGLN.L have a correlation of 0.00, 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 0.14% for XREP.L.
XREP.L is categorized as REIT, while SGLN.L is Gold. XREP.L tracks S&P Select Sector Capped 20% Real Estate Index, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XREP.L and 0.12% for SGLN.L.
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