BULP.L vs. GBSS.L
Compare and contrast key facts about WisdomTree Gold (BULP.L) and Gold Bullion Securities (GBSS.L).
BULP.L and GBSS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Sep 22, 2006. GBSS.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Apr 15, 2004. Both BULP.L and GBSS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BULP.L vs. GBSS.L - Performance Comparison
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BULP.L vs. GBSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BULP.L WisdomTree Gold | 11.32% | 50.05% | 26.15% | 5.12% | 9.83% | -4.73% | 15.76% | 12.89% | 2.70% | 0.05% |
GBSS.L Gold Bullion Securities | 11.83% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | 19.73% | 14.42% | 4.17% | 1.53% |
Returns By Period
The year-to-date returns for both investments are quite close, with BULP.L having a 11.32% return and GBSS.L slightly higher at 11.83%. Over the past 10 years, BULP.L has underperformed GBSS.L with an annualized return of 12.93%, while GBSS.L has yielded a comparatively higher 14.94% annualized return.
BULP.L
- 1D
- 2.57%
- 1M
- -9.67%
- YTD
- 11.32%
- 6M
- 23.74%
- 1Y
- 44.74%
- 3Y*
- 28.18%
- 5Y*
- 21.03%
- 10Y*
- 12.93%
GBSS.L
- 1D
- 2.62%
- 1M
- -9.60%
- YTD
- 11.83%
- 6M
- 24.86%
- 1Y
- 47.55%
- 3Y*
- 30.34%
- 5Y*
- 22.96%
- 10Y*
- 14.94%
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BULP.L vs. GBSS.L - Expense Ratio Comparison
BULP.L has a 0.49% expense ratio, which is higher than GBSS.L's 0.40% expense ratio.
Return for Risk
BULP.L vs. GBSS.L — Risk / Return Rank
BULP.L
GBSS.L
BULP.L vs. GBSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and Gold Bullion Securities (GBSS.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.
| BULP.L | GBSS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.96 | -0.15 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.41 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.68 | -0.17 |
Martin ratioReturn relative to average drawdown | 10.48 | 11.30 | -0.82 |
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 | GBSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.96 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 1.43 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.95 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.69 | -0.09 |
Correlation
The correlation between BULP.L and GBSS.L is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BULP.L vs. GBSS.L - Dividend Comparison
Neither BULP.L nor GBSS.L has paid dividends to shareholders.
Drawdowns
BULP.L vs. GBSS.L - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, which is greater than GBSS.L's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for BULP.L and GBSS.L.
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Drawdown Indicators
| BULP.L | GBSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -42.08% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -17.92% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -17.92% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -22.41% | -1.27% |
Current DrawdownCurrent decline from peak | -9.67% | -9.60% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -13.56% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 4.26% | +0.03% |
Volatility
BULP.L vs. GBSS.L - Volatility Comparison
WisdomTree Gold (BULP.L) and Gold Bullion Securities (GBSS.L) have volatilities of 11.72% and 11.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BULP.L | GBSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.72% | 11.61% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 21.40% | 20.99% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 24.13% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 16.00% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 15.75% | +0.46% |