AIGP.L vs. GLDW.L
AIGP.L (WisdomTree Precious Metals) and GLDW.L (WisdomTree Core Physical Gold) are both Precious Metals funds from WisdomTree - AIGP.L tracks the Bloomberg Precious Metals while GLDW.L tracks the Gold. Both are passively managed. Over the past 5 years, AIGP.L returned 17.70%/yr vs 18.61%/yr for GLDW.L. A 0.78 correlation means they provide meaningful diversification when combined. AIGP.L charges 0.49%/yr vs 0.12%/yr for GLDW.L.
Performance
AIGP.L vs. GLDW.L - Performance Comparison
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Different Trading Currencies
AIGP.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, AIGP.L achieves a 4.36% return, which is significantly higher than GLDW.L's 3.71% 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%
GLDW.L
- 1D
- 0.68%
- 1M
- -2.18%
- YTD
- 3.71%
- 6M
- 6.15%
- 1Y
- 32.41%
- 3Y*
- 31.46%
- 5Y*
- 18.61%
- 10Y*
- —
AIGP.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AIGP.L WisdomTree Precious Metals | 4.36% | 78.63% | 23.25% | 7.81% | -0.87% | -0.21% |
GLDW.L WisdomTree Core Physical Gold | 3.71% | 65.15% | 26.05% | 12.92% | -0.13% | 6.27% |
Correlation
The correlation between AIGP.L and GLDW.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.78 |
The correlation between AIGP.L and GLDW.L shifts across timeframes, from 0.78 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AIGP.L vs. GLDW.L — Risk / Return Rank
AIGP.L
GLDW.L
AIGP.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Precious Metals (AIGP.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.
| AIGP.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.82 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.13 | 4.75 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIGP.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.34 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.07 | -0.12 |
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 | 1.16 | -0.74 |
Drawdowns
AIGP.L vs. GLDW.L - Drawdown Comparison
The maximum AIGP.L drawdown since its inception was -55.05%, 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 AIGP.L and GLDW.L.
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Drawdown Indicators
| AIGP.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -21.42% | -33.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.14% | -17.74% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -17.74% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -21.42% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -27.53% | — | — |
Current DrawdownCurrent decline from peak | -20.70% | -15.82% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -26.79% | -5.39% | -21.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 6.81% | +2.60% |
Volatility
AIGP.L vs. GLDW.L - Volatility Comparison
WisdomTree Precious Metals (AIGP.L) has a higher volatility of 8.30% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.73%. This indicates that AIGP.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.
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Volatility by Period
| AIGP.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 5.73% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 27.82% | 20.82% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 24.07% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 17.35% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 17.18% | +2.89% |
AIGP.L vs. GLDW.L - Expense Ratio Comparison
AIGP.L has a 0.49% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
AIGP.L vs. GLDW.L - Dividend Comparison
Neither AIGP.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, AIGP.L and GLDW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.49% for AIGP.L.
AIGP.L tracks Bloomberg Precious Metals, while GLDW.L tracks Gold. Their fees differ too: 0.49% for AIGP.L and 0.12% for GLDW.L.
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