BULP.L vs. GLDI.L
BULP.L (WisdomTree Gold) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - BULP.L is a Gold fund tracking the Gold, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. BULP.L is passively managed, while GLDI.L is actively managed. Over the past year, BULP.L returned 22.42% vs 14.77% for GLDI.L. Their correlation of 0.80 suggests significant overlap in exposure. BULP.L charges 0.49%/yr vs 0.35%/yr for GLDI.L.
Performance
BULP.L vs. GLDI.L - Performance Comparison
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Different Trading Currencies
BULP.L is traded in GBp, while GLDI.L is traded in USD. To make them comparable, the GLDI.L 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 -5.66% return, which is significantly higher than GLDI.L's -9.79% return.
BULP.L
- 1D
- 0.08%
- 1M
- -9.15%
- YTD
- -5.66%
- 6M
- -9.51%
- 1Y
- 22.42%
- 3Y*
- 23.77%
- 5Y*
- 16.59%
- 10Y*
- 9.36%
GLDI.L
- 1D
- 0.00%
- 1M
- -6.97%
- YTD
- -9.79%
- 6M
- -12.75%
- 1Y
- 14.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULP.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BULP.L WisdomTree Gold | -5.66% | 50.05% | 8.79% |
GLDI.L IncomeShares Gold+ Yield ETP | -9.79% | 44.90% | 5.01% |
Correlation
The correlation between BULP.L and GLDI.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.80 |
The correlation between BULP.L and GLDI.L has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
BULP.L vs. GLDI.L — Risk / Return Rank
BULP.L
GLDI.L
BULP.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BULP.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.66 | +0.29 |
| Martin ratioReturn relative to average drawdown | 2.66 | 1.78 | +0.88 |
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Drawdowns
BULP.L vs. GLDI.L - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -55.22%, which is greater than GLDI.L's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for BULP.L and GLDI.L.
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Drawdown Indicators
| BULP.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -22.42% | -32.80% |
Max Drawdown (1Y)Largest decline over 1 year | -23.51% | -22.42% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | — | — |
Current DrawdownCurrent decline from peak | -23.45% | -21.58% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -3.94% | -16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 8.28% | +0.13% |
Volatility
BULP.L vs. GLDI.L - Volatility Comparison
WisdomTree Gold (BULP.L) has a higher volatility of 8.06% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 7.44%. This indicates that BULP.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L 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 | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 7.44% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 19.38% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 22.35% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 18.89% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 18.89% | -3.14% |
BULP.L vs. GLDI.L - Expense Ratio Comparison
BULP.L has a 0.49% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
BULP.L vs. GLDI.L - Dividend Comparison
BULP.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BULP.L WisdomTree Gold | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 6.81% | 6.28% | 0.50% |
Frequently Asked Questions
BULP.L and GLDI.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.49% for BULP.L.
BULP.L is categorized as Gold, while GLDI.L is Derivative Income. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.49% for BULP.L and 0.35% for GLDI.L.
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