BULP.L vs. CHF=X
BULP.L (WisdomTree Gold) is Precious Metals fund tracking the Gold, while CHF=X (USD/CHF) is a currency. Over the past 10 years, BULP.L returned 12.01%/yr vs 0.75%/yr for CHF=X. At a 0.18 correlation, their price movements are largely independent.
Performance
BULP.L vs. CHF=X - Performance Comparison
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Different Trading Currencies
BULP.L is traded in GBp, while CHF=X is traded in CHF. To make them comparable, the CHF=X 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 higher than CHF=X's 0.37% return. Over the past 10 years, BULP.L has outperformed CHF=X with an annualized return of 12.01%, while CHF=X has yielded a comparatively lower 0.75% 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%
CHF=X
- 1D
- 0.05%
- 1M
- 1.32%
- YTD
- 0.37%
- 6M
- -0.56%
- 1Y
- 1.39%
- 3Y*
- -2.50%
- 5Y*
- 1.09%
- 10Y*
- 0.75%
BULP.L vs. CHF=X - 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% |
CHF=X USD/CHF | 0.37% | -7.03% | 1.76% | -5.00% | 11.90% | 0.84% | -2.74% | -4.22% | 6.28% | -8.54% |
Correlation
The correlation between BULP.L and CHF=X is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2007 | 0.18 |
The correlation between BULP.L and CHF=X shifts across timeframes, from -0.12 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BULP.L vs. CHF=X — Risk / Return Rank
BULP.L
CHF=X
BULP.L vs. CHF=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and USD/CHF (CHF=X). 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 | CHF=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.03 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.16 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.57 | 0.38 | +4.18 |
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
| BULP.L | CHF=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.15 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.12 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.07 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.21 | +0.36 |
Drawdowns
BULP.L vs. CHF=X - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, which is greater than CHF=X's maximum drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for BULP.L and CHF=X.
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Drawdown Indicators
| BULP.L | CHF=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -22.83% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -5.99% | -11.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -12.82% | -5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -22.83% | +4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -22.83% | -0.85% |
Current DrawdownCurrent decline from peak | -16.32% | -20.26% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -11.29% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 2.71% | +4.08% |
Volatility
BULP.L vs. CHF=X - Volatility Comparison
WisdomTree Gold (BULP.L) has a higher volatility of 5.11% compared to USD/CHF (CHF=X) at 1.74%. This indicates that BULP.L's price experiences larger fluctuations and is considered to be riskier than CHF=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BULP.L | CHF=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.74% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 5.17% | +14.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 6.55% | +17.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 8.27% | +8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 9.39% | +6.84% |
Frequently Asked Questions
BULP.L and CHF=X have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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