BULP.L vs. AIL.DE

Last updated Jun 5, 2026

BULP.L (WisdomTree Gold) is Precious Metals fund tracking the Gold, while AIL.DE (Air Liquide SA) is a stock. Over the past 10 years, BULP.L returned 12.01%/yr vs 14.56%/yr for AIL.DE. At a 0.05 correlation, their price movements are largely independent.

Performance

BULP.L vs. AIL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Gold (BULP.L) and Air Liquide SA (AIL.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BULP.L is traded in GBp, while AIL.DE is traded in EUR. To make them comparable, the AIL.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, BULP.L achieves a 3.12% return, which is significantly lower than AIL.DE's 14.73% return. Over the past 10 years, BULP.L has underperformed AIL.DE with an annualized return of 12.01%, while AIL.DE has yielded a comparatively higher 14.56% annualized return.

BULP.L

• 1D: 0.71%
• 1M: -1.50%
• YTD: 3.12%
• 6M: 4.39%
• 1Y: 31.07%
• 3Y*: 25.79%
• 5Y*: 17.62%
• 10Y*: 12.01%

AIL.DE

• 1D: 1.15%
• 1M: 3.57%
• YTD: 14.73%
• 6M: 12.57%
• 1Y: 3.55%
• 3Y*: 10.34%
• 5Y*: 11.54%
• 10Y*: 14.56%

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

BULP.L vs. AIL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BULP.L WisdomTree Gold	3.12%	50.05%	26.15%	5.12%	9.83%	-4.73%	15.76%	12.89%	2.70%	0.05%
AIL.DE Air Liquide SA	14.73%	10.94%	-6.02%	31.80%	2.63%	7.91%	15.33%	26.74%	4.76%	18.66%

Correlation

The correlation between BULP.L and AIL.DE is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 9, 2007	0.05

Return for Risk

BULP.L vs. AIL.DE — Risk / Return Rank

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

BULP.L

BULP.L Risk / Return Rank: 36
BULP.L Sharpe Ratio Rank: 38
BULP.L Sortino Ratio Rank: 33
BULP.L Omega Ratio Rank: 41
BULP.L Calmar Ratio Rank: 36
BULP.L Martin Ratio Rank: 31

AIL.DE

AIL.DE Risk / Return Rank: 40
AIL.DE Sharpe Ratio Rank: 43
AIL.DE Sortino Ratio Rank: 35
AIL.DE Omega Ratio Rank: 35
AIL.DE Calmar Ratio Rank: 42
AIL.DE Martin Ratio Rank: 42

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.

BULP.L vs. AIL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and Air Liquide SA (AIL.DE). 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.

	BULP.L	AIL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.31	0.20	+1.11
Sortino ratio: Return per unit of downside risk	1.73	0.43	+1.30
Omega ratio: Gain probability vs. loss probability	1.26	1.05	+0.21
Calmar ratio: Return relative to maximum drawdown	1.73	0.23	+1.50
Martin ratio: Return relative to average drawdown	4.57	0.47	+4.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULP.L vs. AIL.DE - Sharpe Ratio Comparison

The current BULP.L Sharpe Ratio is 1.31, which is higher than the AIL.DE Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BULP.L and AIL.DE, 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

	BULP.L	AIL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.20	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	0.58	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.70	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.50	+0.07

Drawdowns

BULP.L vs. AIL.DE - Drawdown Comparison

The maximum BULP.L drawdown since its inception was -44.90%, which is greater than AIL.DE's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for BULP.L and AIL.DE.

Drawdown Indicators

	BULP.L	AIL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.90%	-35.14%	-9.76%
Max Drawdown (1Y) Largest decline over 1 year	-17.88%	-15.59%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	-17.88%	-15.59%	-2.29%
Max Drawdown (5Y) Largest decline over 5 years	-17.88%	-21.63%	+3.75%
Max Drawdown (10Y) Largest decline over 10 years	-23.68%	-24.26%	+0.58%
Current Drawdown Current decline from peak	-16.32%	-2.12%	-14.20%
Average Drawdown Average peak-to-trough decline	-16.25%	-6.18%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.79%	7.49%	-0.70%

Volatility

BULP.L vs. AIL.DE - Volatility Comparison

The current volatility for WisdomTree Gold (BULP.L) is 5.11%, while Air Liquide SA (AIL.DE) has a volatility of 6.60%. This indicates that BULP.L experiences smaller price fluctuations and is considered to be less risky than AIL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULP.L	AIL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	6.60%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	14.33%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	17.66%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	19.62%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	20.78%	-4.55%

Dividends

BULP.L vs. AIL.DE - Dividend Comparison

BULP.L has not paid dividends to shareholders, while AIL.DE's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIL.DE Air Liquide SA	2.04%	2.06%	1.88%	1.67%	1.97%	1.79%	2.00%	1.90%	2.49%	2.24%	2.49%	2.49%
BULP.L WisdomTree Gold	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BULP.L and AIL.DE in my portfolio?

BULP.L and AIL.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.