BULP.L vs. SGBX.L
BULP.L (WisdomTree Gold) and SGBX.L (WisdomTree Physical Swiss Gold) are both Precious Metals funds from WisdomTree tracking the Gold. Both are passively managed. Over the past 5 years, BULP.L returned 17.62%/yr vs 19.84%/yr for SGBX.L. With a 0.96 correlation, they move nearly in lockstep. BULP.L charges 0.49%/yr vs 0.15%/yr for SGBX.L.
Performance
BULP.L vs. SGBX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BULP.L achieves a 3.12% return, which is significantly lower than SGBX.L's 3.86% 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%
SGBX.L
- 1D
- 0.68%
- 1M
- -1.38%
- YTD
- 3.86%
- 6M
- 5.27%
- 1Y
- 33.50%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
BULP.L vs. SGBX.L - 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% | -4.98% |
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
Correlation
The correlation between BULP.L and SGBX.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.96 |
The correlation between BULP.L and SGBX.L has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BULP.L vs. SGBX.L — Risk / Return Rank
BULP.L
SGBX.L
BULP.L vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and WisdomTree Physical Swiss Gold (SGBX.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 | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | 4.57 | 4.94 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BULP.L | SGBX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.44 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 1.23 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.90 | -0.33 |
Drawdowns
BULP.L vs. SGBX.L - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, which is greater than SGBX.L's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for BULP.L and SGBX.L.
Loading charts...
Drawdown Indicators
| BULP.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -22.29% | -22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -18.07% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -18.07% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -18.07% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | — | — |
Current DrawdownCurrent decline from peak | -16.32% | -16.26% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -6.07% | -10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 6.76% | +0.03% |
Volatility
BULP.L vs. SGBX.L - Volatility Comparison
WisdomTree Gold (BULP.L) and WisdomTree Physical Swiss Gold (SGBX.L) have volatilities of 5.11% and 5.08%, 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.
Loading charts...
Volatility by Period
| BULP.L | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.08% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 19.94% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 23.13% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 16.17% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 15.17% | +1.06% |
BULP.L vs. SGBX.L - Expense Ratio Comparison
BULP.L has a 0.49% expense ratio, which is higher than SGBX.L's 0.15% expense ratio.
Dividends
BULP.L vs. SGBX.L - Dividend Comparison
Neither BULP.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, BULP.L and SGBX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.49% for BULP.L.
Both ETFs track Gold. Their fees differ too: 0.49% for BULP.L and 0.15% for SGBX.L.
Find the right allocation for BULP.L and SGBX.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer