AMPS.L vs. GLDW.L
AMPS.L (WisdomTree Battery Metals) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - AMPS.L is a Metals fund tracking the WisdomTree Battery Metals Commodity, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 3 years, AMPS.L returned 5.47%/yr vs 27.95%/yr for GLDW.L. At a 0.23 correlation, their price movements are largely independent. AMPS.L charges 0.45%/yr vs 0.12%/yr for GLDW.L.
Performance
AMPS.L vs. GLDW.L - Performance Comparison
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Returns By Period
In the year-to-date period, AMPS.L achieves a 16.22% return, which is significantly higher than GLDW.L's 3.31% return.
AMPS.L
- 1D
- -1.11%
- 1M
- 6.77%
- YTD
- 16.22%
- 6M
- 21.23%
- 1Y
- 34.60%
- 3Y*
- 5.47%
- 5Y*
- —
- 10Y*
- —
GLDW.L
- 1D
- -1.07%
- 1M
- -2.78%
- YTD
- 3.31%
- 6M
- 4.57%
- 1Y
- 33.37%
- 3Y*
- 27.95%
- 5Y*
- 19.72%
- 10Y*
- —
AMPS.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMPS.L WisdomTree Battery Metals | 16.22% | 9.11% | 0.72% | -28.10% | 0.71% |
GLDW.L WisdomTree Core Physical Gold | 3.31% | 53.57% | 28.18% | 7.26% | 0.50% |
Correlation
The correlation between AMPS.L and GLDW.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.23 |
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Return for Risk
AMPS.L vs. GLDW.L — Risk / Return Rank
AMPS.L
GLDW.L
AMPS.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Battery Metals (AMPS.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.
| AMPS.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 1.86 | +2.70 |
| Martin ratioReturn relative to average drawdown | 10.77 | 5.06 | +5.70 |
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
| AMPS.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 1.45 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 1.29 | -1.39 |
Drawdowns
AMPS.L vs. GLDW.L - Drawdown Comparison
The maximum AMPS.L drawdown since its inception was -35.07%, which is greater than GLDW.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for AMPS.L and GLDW.L.
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Drawdown Indicators
| AMPS.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.07% | -17.86% | -17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -17.86% | +10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -17.86% | -5.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.86% | — |
Current DrawdownCurrent decline from peak | -10.77% | -16.46% | +5.69% |
Average DrawdownAverage peak-to-trough decline | -23.69% | -3.57% | -20.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 6.57% | -3.37% |
Volatility
AMPS.L vs. GLDW.L - Volatility Comparison
The current volatility for WisdomTree Battery Metals (AMPS.L) is 4.18%, while WisdomTree Core Physical Gold (GLDW.L) has a volatility of 5.10%. This indicates that AMPS.L experiences smaller price fluctuations and is considered to be less risky 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
| AMPS.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 5.10% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 19.81% | -8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 22.96% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 16.09% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 15.95% | +3.54% |
AMPS.L vs. GLDW.L - Expense Ratio Comparison
AMPS.L has a 0.45% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
AMPS.L vs. GLDW.L - Dividend Comparison
Neither AMPS.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
AMPS.L and GLDW.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for AMPS.L.
AMPS.L is categorized as Metals, while GLDW.L is Precious Metals. AMPS.L tracks WisdomTree Battery Metals Commodity, while GLDW.L tracks Gold. Their fees differ too: 0.45% for AMPS.L and 0.12% for GLDW.L.
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