Invesco Physical Gold GBP Hedged ETC (SGLS.L)
About this ETF
This Invesco Exchange Traded Certificate (ETC) aims to replicate the performance of the spot gold price. Its value is underpinned by physical gold bullion. A key feature of this ETC is its GBP hedging mechanism, which works to mitigate the impact of exchange rate fluctuations between the US Dollar and the certificate's denominated currency, thereby reducing currency risk on the underlying gold. Each certificate is directly backed by physical gold bullion, securely held in J.P. Morgan Chase Bank’s vaults in London. The issuer of these certificates is Invesco Physical Markets PLC (Invesco PMP), an Irish-domiciled company whose administration is managed by J.P. Morgan Administration Services (Ireland) Limited. Investment returns are derived from the ownership of gold bullion, with its value…
Price
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -4.91% |
| 3 months | -14.94% |
| 6 months | -13.84% |
| Year to date | -7.61% |
| 1 year | +18.31% |
| 3 years (ann.) | +25.69% |
| 5 years (ann.) | +15.46% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 26.29% |
| Sharpe (1y) | 0.77 |
| Sharpe (3y) | 1.26 |
| Sortino (1y) | 0.97 |
| Max drawdown (1y) | -24.66% |
| Max drawdown (5y) | -24.66% |
| Max drawdown (full) | -24.66% |
| Beta vs S&P 500 (1y) | 0.44 |
| Correlation vs S&P 500 (1y) | 0.21 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Accumulating share class Income is reinvested inside the fund instead of being paid out. (inferred from the absence of distributions)
No distributions on record — accumulating share classes reinvest income instead of paying it out.
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |

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