Invesco Physical Gold ETC GBP Hedged

10-Year Study

SGLS.LSE · · GB · ETF

Executive Summary: Invesco Physical Gold ETC GBP Hedged has compounded at 15.6% annually over the last 10 years, with a maximum drawdown of 17.8% and an annualized volatility of 14.1%.

1Y CAGR
+49.4%
3Y CAGR
+34.1%
5Y CAGR
+19.1%
10Y CAGR
+15.6%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
17.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.76
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.39
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
16.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +64.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -4.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
67%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202615.84.5-11.94.1————————10.9%
20258.11.49.55.7-0.70.10.14.411.43.75.52.364.2%
2024-0.9-0.48.43.61.3-0.23.93.35.04.1-2.9-2.724.4%
20235.7-5.58.00.4-1.1-2.92.2-1.1-4.67.22.31.211.5%
2022-1.05.82.3-2.1-3.5-1.9-2.6-2.8-3.0-2.36.63.7-1.4%
2021-1.4-7.2-2.25.16.9-7.53.6-1.0-4.23.4-1.01.9-4.6%
2020———————0.3-2.30.9-6.65.0-3.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 14.1%. The dominant macroeconomic risk driver is GLD.US, accounting for 90.3% of variance. Idiosyncratic stock-specific factors contribute 1.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2020-07-0110000
2020-08-0110026.385224274405
2020-09-019797.713280562884
2020-10-019881.26649076517
2020-11-019226.03342128408
2020-12-019683.377308707124
2021-01-019547.053649956024
2021-02-018856.640281442393
2021-03-018660.949868073878
2021-04-019098.504837291117
2021-05-019729.551451187335
2021-06-019003.95778364116
2021-07-019329.375549692173
2021-08-019231.530343007915
2021-09-018846.74582233949
2021-10-019150.175901495162
2021-11-019062.225153913809
2021-12-019234.828496042217
2022-01-019141.380826737028
2022-02-019673.482849604221
2022-03-019891.160949868074
2022-04-019687.774846086191
2022-05-019350.263852242744
2022-06-019171.064204045735
2022-07-018935.795954265612
2022-08-018689.533861037818
2022-09-018431.17854001759
2022-10-018237.686895338611
2022-11-018778.58399296394
2022-12-019104.001759014951
2023-01-019626.209322779243
2023-02-019099.604221635884
2023-03-019831.794195250659
2023-04-019871.37203166227
2023-05-019765.831134564643
2023-06-019481.090589270008
2023-07-019693.271767810027
2023-08-019582.233948988567
2023-09-019143.579595426561
2023-10-019803.21020228672
2023-11-0110026.385224274405
2023-12-0110149.516270888304
2024-01-0110060.466138962182
2024-02-0110023.087071240107
2024-03-0110868.513632365875
2024-04-0111256.596306068603
2024-05-0111398.416886543537
2024-06-0111377.528583992964
2024-07-0111821.679859278804
2024-08-0112214.160070360598
2024-09-0112829.81530343008
2024-10-0113358.619173262974
2024-11-0112972.73526824978
2024-12-0112627.528583992964
2025-01-0113649.956024626208
2025-02-0113843.44766930519
2025-03-0115159.410729991205
2025-04-0116025.725593667546
2025-05-0115912.489006156551
2025-06-0115922.383465259456
2025-07-0115936.675461741424
2025-08-0116639.182058047492
2025-09-0118529.02374670185
2025-10-0119210.642040457344
2025-11-0120273.746701846965
2025-12-0120736.587510993846
2026-01-0124002.858399296394
2026-02-0125092.348284960422
2026-03-0122100.923482849605
2026-04-0122996.92172383465
Annual Return Matrix
YearAnnual Return
2021-0.0463215258855586
2022-0.01416666666666666
20230.11484120275329057
20240.24415077989601386
20250.642173080271635
20260.10900222669918347
Total Factor Risk
0.14145394227904615
VTI.US Exposure
-0.004553197205182402
VEA.US Exposure
-0.0044945178948885296
VWO.US Exposure
0.0024839456120480776
QQQ.US Exposure
0.004731258514923845
VTV.US Exposure
-0.0017091514425399505
IJR.US Exposure
0.0011253440006221275
QUAL.US Exposure
-0.0037671288452358624
SHV.US Exposure
0.04920134483436663
TLT.US Exposure
0.0022566073979674263
LQD.US Exposure
0.01369060246435512
HYG.US Exposure
-0.005377643684887925
GLD.US Exposure
0.9027308140522533
USO.US Exposure
-0.0023275417523638095
VNQ.US Exposure
0.010355689885057659
BTC-USD.CC Exposure
0.0017238924991223572
CPER.US Exposure
0.006675955622168793
VIX.INDX Exposure
0.0007344783606271847
UUP.US Exposure
0.012520820639656254
TIP.US Exposure
-0.004494278022748871
Idiosyncratic Exposure
0.018492704964678607
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
14.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+14.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
9.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco Physical Gold ETC GBP Hedged a high-risk investment?

Invesco Physical Gold ETC GBP Hedged (SGLS.LSE) has an annualized volatility of 14.1% and experienced a maximum drawdown of 17.8% over the last 10 years. Its primary macro risk driver is GLD.US.

What is the 10-year return of SGLS.LSE?

Over the past 10 years, SGLS.LSE has generated a Compound Annual Growth Rate (CAGR) of 15.6%. It has had a positive return in 67% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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