AIGG.L vs. GLDW.L

Last updated Jun 5, 2026

AIGG.L (WisdomTree Grains) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - AIGG.L is a Agricultural Commodities fund tracking the Bloomberg Grains, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, AIGG.L returned -5.09%/yr vs 18.61%/yr for GLDW.L. At a 0.07 correlation, their price movements are largely independent. AIGG.L charges 0.49%/yr vs 0.12%/yr for GLDW.L.

Performance

AIGG.L vs. GLDW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Grains (AIGG.L) and WisdomTree Core Physical Gold (GLDW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIGG.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIGG.L achieves a 2.81% return, which is significantly lower than GLDW.L's 3.71% return.

AIGG.L

• 1D: -2.49%
• 1M: -8.79%
• YTD: 2.81%
• 6M: -1.51%
• 1Y: -1.19%
• 3Y*: -8.84%
• 5Y*: -5.09%
• 10Y*: -3.19%

GLDW.L

• 1D: 0.68%
• 1M: -2.18%
• YTD: 3.71%
• 6M: 6.15%
• 1Y: 32.41%
• 3Y*: 31.46%
• 5Y*: 18.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIGG.L vs. GLDW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AIGG.L WisdomTree Grains	2.81%	-6.10%	-17.98%	-13.17%	16.03%	11.05%
GLDW.L WisdomTree Core Physical Gold	3.71%	65.15%	26.05%	12.92%	-0.13%	6.27%

Correlation

The correlation between AIGG.L and GLDW.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021	0.07

The correlation between AIGG.L and GLDW.L shifts across timeframes, from -0.04 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AIGG.L vs. GLDW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIGG.L

AIGG.L Risk / Return Rank: 8
AIGG.L Sharpe Ratio Rank: 8
AIGG.L Sortino Ratio Rank: 8
AIGG.L Omega Ratio Rank: 8
AIGG.L Calmar Ratio Rank: 8
AIGG.L Martin Ratio Rank: 8

GLDW.L

GLDW.L Risk / Return Rank: 40
GLDW.L Sharpe Ratio Rank: 42
GLDW.L Sortino Ratio Rank: 37
GLDW.L Omega Ratio Rank: 47
GLDW.L Calmar Ratio Rank: 39
GLDW.L Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIGG.L vs. GLDW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Grains (AIGG.L) and WisdomTree Core Physical Gold (GLDW.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.

	AIGG.L	GLDW.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	1.34	-1.41
Sortino ratio: Return per unit of downside risk	0.01	1.79	-1.78
Omega ratio: Gain probability vs. loss probability	1.00	1.25	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.10	1.82	-1.92
Martin ratio: Return relative to average drawdown	-0.20	4.75	-4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIGG.L vs. GLDW.L - Sharpe Ratio Comparison

The current AIGG.L Sharpe Ratio is -0.07, which is lower than the GLDW.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of AIGG.L and GLDW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIGG.L	GLDW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	1.34	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	1.07	-1.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	1.16	-1.35

Drawdowns

AIGG.L vs. GLDW.L - Drawdown Comparison

The maximum AIGG.L drawdown since its inception was -73.81%, which is greater than GLDW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for AIGG.L and GLDW.L.

Drawdown Indicators

	AIGG.L	GLDW.L	Difference
Max Drawdown Largest peak-to-trough decline	-73.81%	-21.42%	-52.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.88%	-17.74%	+5.86%
Max Drawdown (3Y) Largest decline over 3 years	-38.60%	-17.74%	-20.86%
Max Drawdown (5Y) Largest decline over 5 years	-47.45%	-21.42%	-26.03%
Max Drawdown (10Y) Largest decline over 10 years	-48.40%	—	—
Current Drawdown Current decline from peak	-64.24%	-15.82%	-48.42%
Average Drawdown Average peak-to-trough decline	-50.70%	-5.39%	-45.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	6.81%	-0.95%

Volatility

AIGG.L vs. GLDW.L - Volatility Comparison

WisdomTree Grains (AIGG.L) has a higher volatility of 7.85% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.73%. This indicates that AIGG.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIGG.L	GLDW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	5.73%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	20.82%	-8.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	24.07%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	17.35%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	17.18%	+2.24%

AIGG.L vs. GLDW.L - Expense Ratio Comparison

AIGG.L has a 0.49% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.

Dividends

AIGG.L vs. GLDW.L - Dividend Comparison

Neither AIGG.L nor GLDW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIGG.L and GLDW.L in my portfolio?

AIGG.L and GLDW.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIGG.L or GLDW.L?

On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIGG.L or GLDW.L?

GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.49% for AIGG.L.

What is the main difference between AIGG.L and GLDW.L?

AIGG.L is categorized as Agricultural Commodities, while GLDW.L is Precious Metals. AIGG.L tracks Bloomberg Grains, while GLDW.L tracks Gold. Their fees differ too: 0.49% for AIGG.L and 0.12% for GLDW.L.