XXSC.L vs. SGLP.L
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, XXSC.L returned 8.98%/yr vs 13.00%/yr for SGLP.L. At a 0.07 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.12%/yr for SGLP.L.
Performance
XXSC.L vs. SGLP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XXSC.L achieves a 6.17% return, which is significantly higher than SGLP.L's -1.79% return. Over the past 10 years, XXSC.L has underperformed SGLP.L with an annualized return of 8.98%, while SGLP.L has yielded a comparatively higher 13.00% annualized return.
XXSC.L
- 1D
- 1.71%
- 1M
- 1.58%
- YTD
- 6.17%
- 6M
- 8.47%
- 1Y
- 13.53%
- 3Y*
- 11.34%
- 5Y*
- 4.15%
- 10Y*
- 8.98%
SGLP.L
- 1D
- 2.85%
- 1M
- -9.42%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 25.96%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
XXSC.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 6.17% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 24.37% | -14.57% | 23.35% |
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Correlation
The correlation between XXSC.L and SGLP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.07 |
The correlation between XXSC.L and SGLP.L shifts across timeframes, from 0.04 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XXSC.L vs. SGLP.L — Risk / Return Rank
XXSC.L
SGLP.L
XXSC.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XXSC.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.13 | +0.12 |
| Martin ratioReturn relative to average drawdown | 4.44 | 3.52 | +0.92 |
Loading charts...
Drawdowns
XXSC.L vs. SGLP.L - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -74.17%, which is greater than SGLP.L's maximum drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for XXSC.L and SGLP.L.
Loading charts...
Drawdown Indicators
| XXSC.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.17% | -63.75% | -10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -22.82% | +12.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -22.82% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -22.82% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -22.82% | -12.93% |
Current DrawdownCurrent decline from peak | -1.69% | -20.62% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -31.72% | +11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 7.35% | -4.31% |
Volatility
XXSC.L vs. SGLP.L - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) is 3.81%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.68%. This indicates that XXSC.L experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XXSC.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 6.68% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 20.61% | -9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 23.66% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 21.71% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 18.76% | -0.45% |
XXSC.L vs. SGLP.L - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Dividends
XXSC.L vs. SGLP.L - Dividend Comparison
Neither XXSC.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
XXSC.L and SGLP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while SGLP.L is Precious Metals. XXSC.L tracks MSCI Europe Small Cap NR EUR, while SGLP.L tracks Gold. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.30% for XXSC.L and 0.12% for SGLP.L.
Find the right allocation for XXSC.L and SGLP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer