AIGP.L vs. GDGB.L

Last updated Jun 5, 2026

AIGP.L (WisdomTree Precious Metals) and GDGB.L (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - AIGP.L is a Precious Metals fund tracking the Bloomberg Precious Metals, while GDGB.L is a Gold fund tracking the MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, AIGP.L returned 17.70%/yr vs 18.94%/yr for GDGB.L. A 0.70 correlation means they provide meaningful diversification when combined. AIGP.L charges 0.49%/yr vs 0.53%/yr for GDGB.L.

Performance

AIGP.L vs. GDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Precious Metals (AIGP.L) and VanEck Gold Miners UCITS ETF (GDGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIGP.L is traded in USD, while GDGB.L is traded in GBP. To make them comparable, the GDGB.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIGP.L achieves a 4.36% return, which is significantly higher than GDGB.L's 0.67% return.

AIGP.L

• 1D: 0.43%
• 1M: -2.03%
• YTD: 4.36%
• 6M: 12.47%
• 1Y: 48.36%
• 3Y*: 33.51%
• 5Y*: 17.70%
• 10Y*: 12.03%

GDGB.L

• 1D: 0.73%
• 1M: 0.11%
• YTD: 0.67%
• 6M: 7.23%
• 1Y: 63.41%
• 3Y*: 41.23%
• 5Y*: 18.94%
• 10Y*: —

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

AIGP.L vs. GDGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIGP.L WisdomTree Precious Metals	4.36%	78.63%	23.25%	7.81%	-0.87%	-7.48%	23.72%	17.09%	-5.55%	-0.33%
GDGB.L VanEck Gold Miners UCITS ETF	0.67%	156.24%	9.38%	9.16%	-7.97%	-11.28%	23.23%	44.43%	-10.42%	1.64%

Correlation

The correlation between AIGP.L and GDGB.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.70

The correlation between AIGP.L and GDGB.L shifts across timeframes, from 0.70 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AIGP.L vs. GDGB.L — Risk / Return Rank

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

AIGP.L

AIGP.L Risk / Return Rank: 42
AIGP.L Sharpe Ratio Rank: 46
AIGP.L Sortino Ratio Rank: 40
AIGP.L Omega Ratio Rank: 46
AIGP.L Calmar Ratio Rank: 43
AIGP.L Martin Ratio Rank: 34

GDGB.L

GDGB.L Risk / Return Rank: 42
GDGB.L Sharpe Ratio Rank: 45
GDGB.L Sortino Ratio Rank: 40
GDGB.L Omega Ratio Rank: 41
GDGB.L Calmar Ratio Rank: 46
GDGB.L Martin Ratio Rank: 37

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.

AIGP.L vs. GDGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Precious Metals (AIGP.L) and VanEck Gold Miners UCITS ETF (GDGB.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.

	AIGP.L	GDGB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.45	+0.12
Sortino ratio: Return per unit of downside risk	2.00	1.93	+0.07
Omega ratio: Gain probability vs. loss probability	1.29	1.24	+0.05
Calmar ratio: Return relative to maximum drawdown	2.08	2.12	-0.04
Martin ratio: Return relative to average drawdown	5.13	5.40	-0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIGP.L vs. GDGB.L - Sharpe Ratio Comparison

The current AIGP.L Sharpe Ratio is 1.57, which is comparable to the GDGB.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of AIGP.L and GDGB.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

	AIGP.L	GDGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.45	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.53	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.50	-0.08

Drawdowns

AIGP.L vs. GDGB.L - Drawdown Comparison

The maximum AIGP.L drawdown since its inception was -55.05%, which is greater than GDGB.L's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for AIGP.L and GDGB.L.

Drawdown Indicators

	AIGP.L	GDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-55.05%	-50.68%	-4.37%
Max Drawdown (1Y) Largest decline over 1 year	-23.14%	-29.71%	+6.57%
Max Drawdown (3Y) Largest decline over 3 years	-23.14%	-29.71%	+6.57%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-46.27%	+21.40%
Max Drawdown (10Y) Largest decline over 10 years	-27.53%	—	—
Current Drawdown Current decline from peak	-20.70%	-25.05%	+4.35%
Average Drawdown Average peak-to-trough decline	-26.79%	-17.79%	-9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.41%	11.71%	-2.30%

Volatility

AIGP.L vs. GDGB.L - Volatility Comparison

The current volatility for WisdomTree Precious Metals (AIGP.L) is 8.30%, while VanEck Gold Miners UCITS ETF (GDGB.L) has a volatility of 15.01%. This indicates that AIGP.L experiences smaller price fluctuations and is considered to be less risky than GDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIGP.L	GDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	15.01%	-6.71%
Volatility (6M) Calculated over the trailing 6-month period	27.82%	34.89%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	30.70%	43.51%	-12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.26%	35.42%	-13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.07%	34.18%	-14.11%

AIGP.L vs. GDGB.L - Expense Ratio Comparison

AIGP.L has a 0.49% expense ratio, which is lower than GDGB.L's 0.53% expense ratio.

Dividends

AIGP.L vs. GDGB.L - Dividend Comparison

Neither AIGP.L nor GDGB.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIGP.L and GDGB.L in my portfolio?

AIGP.L and GDGB.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIGP.L or GDGB.L?

On fees, AIGP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIGP.L or GDGB.L?

AIGP.L is cheaper with a 0.49% expense ratio, compared with 0.53% for GDGB.L.

What is the main difference between AIGP.L and GDGB.L?

AIGP.L is categorized as Precious Metals, while GDGB.L is Gold. AIGP.L tracks Bloomberg Precious Metals, while GDGB.L tracks MarketVector Global Gold Miners Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.49% for AIGP.L and 0.53% for GDGB.L.