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Performance
Performance Chart
The chart shows the growth of an initial investment of €10,000 in WisdomTree Physical Gold EUR Daily Hedged, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
GBSE.DE is traded in EUR, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to EUR using the latest available exchange rates.
Returns By Period
WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) has returned 3.98% so far this year and 43.25% over the past 12 months. Over the last ten years, GBSE.DE has returned 10.86% per year, falling short of the S&P 500 Index benchmark, which averaged 11.99% annually.
WisdomTree Physical Gold EUR Daily Hedged
- 1D
- 1.53%
- 1M
- -11.87%
- YTD
- 3.98%
- 6M
- 18.51%
- 1Y
- 43.25%
- 3Y*
- 29.05%
- 5Y*
- 18.52%
- 10Y*
- 10.86%
Benchmark (S&P 500 Index)
- 1D
- 2.02%
- 1M
- -2.96%
- YTD
- -3.12%
- 6M
- -0.95%
- 1Y
- 8.84%
- 3Y*
- 14.21%
- 5Y*
- 10.59%
- 10Y*
- 11.99%
Monthly Returns
Based on dividend-adjusted daily data since Mar 21, 2013, GBSE.DE's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, your investment would double in approximately 10.9 years.
Historically, 49% of months were positive and 51% were negative. The best month was Jan 2026 with a return of +12.5%, while the worst month was Jun 2013 at -13.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, GBSE.DE closed higher 51% of trading days. The best single day was Feb 3, 2026 with a return of +6.8%, while the worst single day was Apr 15, 2013 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.54% | 4.84% | -11.87% | 3.98% | |||||||||
| 2025 | 6.98% | 1.27% | 9.12% | 5.60% | -0.77% | -0.30% | -0.04% | 4.22% | 11.06% | 3.63% | 5.39% | 4.36% | 62.87% |
| 2024 | -0.85% | -0.44% | 8.44% | 3.24% | 1.19% | -0.16% | 3.80% | 3.11% | 4.91% | 3.95% | -3.10% | -1.70% | 24.14% |
| 2023 | 5.65% | -5.53% | 7.94% | 0.37% | -1.17% | -3.01% | 2.53% | -1.74% | -4.63% | 7.17% | 2.12% | 1.06% | 10.15% |
| 2022 | -0.61% | 5.79% | 2.20% | -2.10% | -3.63% | -2.02% | -2.81% | -2.74% | -3.07% | -2.40% | 6.66% | 3.36% | -2.06% |
| 2021 | -1.35% | -7.45% | -1.18% | 3.58% | 7.76% | -7.61% | 3.05% | -0.92% | -2.77% | 0.87% | -0.30% | 1.59% | -5.63% |
Benchmark Metrics
WisdomTree Physical Gold EUR Daily Hedged has an annualized alpha of 7.64%, beta of -0.07, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 22, 2013.
- This ETF captured 0.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -42.58%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.07 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.64%
- Beta
- -0.07
- R²
- 0.01
- Upside Capture
- 0.84%
- Downside Capture
- -42.58%
Expense Ratio
GBSE.DE has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
GBSE.DE ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) and compare them to a chosen benchmark (S&P 500 Index).
| GBSE.DE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 0.43 | +1.27 |
Sortino ratioReturn per unit of downside risk | 2.16 | 0.73 | +1.43 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.67 | +1.76 |
Martin ratioReturn relative to average drawdown | 9.10 | 2.80 | +6.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore GBSE.DE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Physical Gold EUR Daily Hedged. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Physical Gold EUR Daily Hedged was 38.38%, occurring on Dec 17, 2015. Recovery took 1166 trading sessions.
The current WisdomTree Physical Gold EUR Daily Hedged drawdown is 13.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.38% | Mar 22, 2013 | 651 | Dec 17, 2015 | 1166 | Aug 5, 2020 | 1817 |
| -24.45% | Aug 7, 2020 | 574 | Nov 3, 2022 | 359 | Apr 2, 2024 | 933 |
| -17.55% | Jan 29, 2026 | 38 | Mar 23, 2026 | — | — | — |
| -9.08% | Oct 21, 2025 | 6 | Oct 28, 2025 | 37 | Dec 18, 2025 | 43 |
| -8.09% | Oct 31, 2024 | 12 | Nov 15, 2024 | 50 | Jan 31, 2025 | 62 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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