Simulation Results
Inflation Adj:
Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the ETFs/Assets issuers. Content is for informational, educational, illustrative and entertainment purposes only.

The Invesco Physical Gold (SGLP.L) ETF covers to the following investment themes:

  • Asset Class: Commodity
  • Commodity: Gold
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Table of contents

The Invesco Physical Gold (SGLP.L) ETF is part of the following Lazy Portfolios:

Portfolio Name Author SGLP.L Weight▾ Currency
Gold To GBP 100.00% GBP
Permanent Portfolio To GBP Harry Browne 25.00% GBP
Permanent Portfolio To GBP Bond Hedged Harry Browne 25.00% GBP
Golden Butterfly To GBP Tyler 20.00% GBP
Golden Butterfly To GBP Bond Hedged Tyler 20.00% GBP
Desert Portfolio To GBP Gyroscopic Investing 10.00% GBP
Desert Portfolio To GBP Bond Hedged Gyroscopic Investing 10.00% GBP
All Weather Portfolio To GBP Ray Dalio 7.50% GBP
All Weather Portfolio To GBP Bond Hedged Ray Dalio 7.50% GBP

Investment Returns as of Jul 31, 2026

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Capital Growth
Inflation Adj:
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Chg (%) Return (%) Return (%) as of Jul 31, 2026
1 Day Time ET(*) --- YTD
(7M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~234Y)
Investment Return 1YOnly 1 Asset
Rebalance has no effect 		--- --- -99.05 -1.29 -16.08 -98.78 -52.92 -29.70 -6.94 0.83
UK Inflation Adjusted Return -99.06 -1.29 -17.88 -98.81 -55.19 -32.11 -9.18 -1.30
Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)
The live monthly return is calculated by assuming, for each asset, the weight defined by the base asset allocation.
UK Inflation is updated to Jun 2026. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Inflation (annualized) is 1Y: 2.58% , 5Y: 5.07% , 10Y: 3.55% , 30Y: 2.47%
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Investment Metrics as of Jul 31, 2026

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Advanced Metrics
1 January 1793 - 31 July 2026 (~234 years)
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Metrics as of Jul 31, 2026
YTD
(7M) 		1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~234Y)
Investment Return (%)
-99.05 -1.29 -10.42 -16.08 -98.78 -72.93 -52.92 -29.70 -11.59 -6.94 0.83
Growth of 1£ 0.01 0.99 0.90 0.84 0.01 0.02 0.02 0.03 0.09 0.12 6.87
Infl. Adjusted Return (%)
-99.06 -1.29 -10.72 -17.88 -98.81 -73.69 -55.19 -32.11 -14.11 -9.18 -1.30
UK Inflation (%) 1.72 0.00 0.34 2.19 2.58 2.88 5.07 3.55 2.93 2.47 2.16
Pending updates, the monthly inflation of Jul 2026 and beyond is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 Current 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -99.05 -99.05 -99.05 -99.05 -99.05 -99.05 -99.05 -99.05
Start to Recovery (# months)
7* 7* 7* 7* 7* 7* 7* 7*
Start (yyyy mm) 2026 01 2026 01 2026 01 2026 01 2026 01 2026 01 2026 01
Start to Bottom (# months) 7 7 7 7 7 7 7
Bottom (yyyy mm) 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same
same		 -6.17 -12.78 -38.21 -36.32 -27.88
Start to Recovery (# months)
9 32 95 110 1416
Start (yyyy mm) 2026 01 2026 01 2022 05 2016 11 2011 09 1996 08 1814 01
Start to Bottom (# months) 7 7 6 23 47 36 709
Bottom (yyyy mm) 2026 07 2026 07 2022 10 2018 09 2015 07 1999 07 1873 01
Bottom to End (# months) 0 0 3 9 48 74 707
End (yyyy mm) - - 2023 01 2019 06 2019 07 2005 09 1931 12
Longest negative period (# months)
12* 36* 60* 120* 240* 360* 1525
Start (yyyy mm) 2025 08 2023 08 2021 08 2016 08 2006 08 1996 08 1803 02
End (yyyy mm) 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07 1930 02
Annualized Return (%) -98.78 -72.93 -52.92 -29.70 -11.59 -6.94 0.00
Drawdowns / Negative periods marked with * are in progress
Adjusting for units held makes the drawdown reflect real performance, just like in the no-cash-flow case.
Deepest Drawdown Depth (%) -99.06 -99.06 -99.06 -99.06 -99.06 -99.06 -99.06 -99.06
Start to Recovery (# months)
7* 7* 7* 7* 7* 7* 7* 7*
Start (yyyy mm) 2026 01 2026 01 2026 01 2026 01 2026 01 2026 01 2026 01
Start to Bottom (# months) 7 7 7 7 7 7 7
Bottom (yyyy mm) 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07
Bottom to End (# months) 0 0 0 0 0 0 0
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same
same		 -10.75 -18.28 -42.04 -39.24 -62.80
Start to Recovery (# months)
23 48 104 113 2173
Start (yyyy mm) 2026 01 2026 01 2022 05 2020 08 2011 09 1996 08 1793 01
Start to Bottom (# months) 7 7 6 27 47 36 1548
Bottom (yyyy mm) 2026 07 2026 07 2022 10 2022 10 2015 07 1999 07 1921 12
Bottom to End (# months) 0 0 17 21 57 77 625
End (yyyy mm) - - 2024 03 2024 07 2020 04 2005 12 1974 01
Longest negative period (# months)
12* 36* 60* 120* 240* 360* 2803*
Start (yyyy mm) 2025 08 2023 08 2021 08 2016 08 2006 08 1996 08 1793 01
End (yyyy mm) 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07 2026 07
Annualized Return (%) -98.81 -73.69 -55.19 -32.11 -14.11 -9.18 -1.30
Drawdowns / Negative periods marked with * are in progress
Adjusting for units held makes the drawdown reflect real performance, just like in the no-cash-flow case.
RISK INDICATORS - MISC
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 97.77 59.38 46.59 34.22 28.08 24.29 12.33
Sharpe Ratio -1.05 -1.30 -1.21 -0.92 -0.47 -0.40 -0.31
Sortino Ratio -1.12 -1.36 -1.26 -0.97 -0.53 -0.47 -0.44
Ulcer Index 72.60 43.04 33.57 24.66 22.14 21.43 21.98
Ratio: Return / Standard Deviation -1.01 -1.23 -1.14 -0.87 -0.41 -0.29 0.07
Ratio: Return / Deepest Drawdown -1.00 -0.74 -0.53 -0.30 -0.12 -0.07 0.01
Zero or Positive Months (%)
50.00 61.11 61.66 58.33 57.50 56.38 74.24
Zero or Positive Months 6 22 37 70 138 203 2081
Negative Months 6 14 23 50 102 157 722
# Rebalances 0 0 0 0 0 0 0
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized -29.70 16.01 19.20 34.79
Worst 10 Years Return (%) - Annualized -29.70 -29.70 -29.70
Best 10 Years Return (%) - Annualized -32.11 12.24 16.38 19.01
Worst 10 Years Return (%) - Annualized -32.11 -32.11 -32.11
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
 1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· As of Jul 2026 - Over the previous 30Y
Best Rolling Return (%) - Annualized 56.96 36.53 28.97 19.20 12.70 -6.94
Worst Rolling Return (%) - Annualized -98.78 -72.93 -52.92 -29.70 -11.59
Positive Periods (%) 68.7 81.8 83.0 97.0 94.2 0.0
Best Rolling Return (%) - Annualized 53.84 32.61 25.54 16.38 9.50 -9.18
Worst Rolling Return (%) - Annualized -98.81 -73.69 -55.19 -32.11 -14.11
Positive Periods (%) 62.1 77.5 77.7 95.4 94.2 0.0
95% VaR - Value at Risk (%) - Cumulative
11.06 18.54 25.38 20.22 31.23 13.94 0.00 89.24
95% CVaR - Conditional Value at Risk (%) 13.97 23.58 32.51 57.35 78.84 80.83 84.89 90.91
99% VaR - Value at Risk (%) - Cumulative
15.83 26.82 37.08 98.63 97.87 97.47 96.95 91.49
99% CVaR - Conditional Value at Risk (%) 18.87 32.08 44.53 98.75 97.99 97.64 97.05 91.49
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 2.70 3.86 3.57 3.41 5.31 3.44
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Jan 1793 - Jul 2026)
Best Rolling Return (%) - Annualized 145.51 66.99 40.23 34.79 17.72 11.48
Worst Rolling Return (%) - Annualized -98.78 -72.93 -52.92 -29.70 -11.59 -6.94
Positive Periods (%) 47.8 56.7 59.1 62.8 73.4 80.8
Best Rolling Return (%) - Annualized 107.38 50.59 26.59 19.01 9.50 6.06
Worst Rolling Return (%) - Annualized -98.81 -73.69 -55.19 -32.11 -14.11 -9.18
Positive Periods (%) 47.2 47.9 48.2 48.7 58.7 66.6
95% VaR - Value at Risk (%) - Cumulative
5.62 9.43 12.92 9.75 14.76 16.31 16.23 8.42 4.50
95% CVaR - Conditional Value at Risk (%) 7.10 11.99 16.54 19.75 30.82 32.96 32.80 28.37 22.84
99% VaR - Value at Risk (%) - Cumulative
8.04 13.63 18.86 20.22 29.36 30.09 27.47 26.39 22.63
99% CVaR - Conditional Value at Risk (%) 9.59 16.31 22.64 43.05 62.46 66.58 65.62 58.64 56.23
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 2.70 3.86 3.57 3.41 2.10 1.31
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
  • Annualized Portfolio Return: the annualized geometric mean return of the portfolio. When cashflows are involved, it is calculated using the Money-Weighted Rate of Return (MWRR), based on the Modified Dietz formula.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration. When cashflows are involved, portfolio values are normalized by the invested capital (i.e. owned quotes) at each time step: this isolates the effect of market performance from capital contributions, avoiding misleading drawdowns caused by large inflows that artificially lift portfolio value and, as a result, the drawdowns match the ones without cash flows.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is based on the portfolio's composition currency:
    • USD → BIL (SPDR Bloomberg 1-3 Month T-Bill ETF)
    • CAD → CBIL.TO (CI First Asset Government 1-3 Month T-Bill ETF)
    • EUR → XEON.DE (Xtrackers II EUR Overnight Rate Swap ETF)
    • GBP → XSTR.L (Xtrackers II GBP Overnight Rate Swap ETF)
    • any other currency → defaults to BIL (USD)
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jul 31, 2026

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

The following table shows the monthly correlations of Invesco Physical Gold (SGLP.L) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Monthly correlations as of 31 July 2026
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Correlation vs SGLP.L
Asset Class 1 Year 5 Years 10 Years 30 Years
CSP1.L
 US Large Cap Blend 0.26 0.07 0.04 0.04
IUGA.L
 US Total Bond Market GBP Hdg 0.23 0.02 0.10 0.16

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Drawdown periods
Inflation Adj:
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Rolling Return Analysis

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Annualized Rolling Returns — Over Time & Distribution

Holding Periods and Returns

Holding periods are based on rolling periods: each rolling window represents the return an investor would have achieved by holding the investment for a fixed period (e.g., 10, 20, or 30 years) starting from different dates.

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Annualized Rolling Returns
Inflation Adj:
Percentiles: – Changes pending. Click 'Update' to refresh

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Time to Target

What it shows: Months to reach your target capital from each historical entry point, accounting for your initial investment and periodic contributions.

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Time to reach your Target Capital

Monthly Returns and Seasonality

This section provides a visual/tabular representation of the performance variability in the Invesco Physical Gold (SGLP.L) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

INVESCO PHYSICAL GOLD (SGLP.L) ETF
Monthly Returns Distribution

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Monthly Seasonality Analysis
233 full years are available for analysis

Returns, up to December 2012, have been derived using the historical series of equivalent ETFs / Assets.

You can find additional information on extended Data Sources here.

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Master ETF Investing & maximize profits with Lazy Portfolios & Passive Strategies.
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