CE01.L vs. GLDW.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - CE01.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, CE01.L returned -2.20%/yr vs 19.87%/yr for GLDW.L. At a 0.31 correlation, their price movements are largely independent. CE01.L charges 0.15%/yr vs 0.12%/yr for GLDW.L.
Performance
CE01.L vs. GLDW.L - Performance Comparison
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Returns By Period
In the year-to-date period, CE01.L achieves a -0.91% return, which is significantly lower than GLDW.L's 3.96% return.
CE01.L
- 1D
- 0.23%
- 1M
- 0.98%
- YTD
- -0.91%
- 6M
- -0.95%
- 1Y
- 2.93%
- 3Y*
- 2.70%
- 5Y*
- -2.20%
- 10Y*
- 0.80%
GLDW.L
- 1D
- 0.63%
- 1M
- -1.34%
- YTD
- 3.96%
- 6M
- 5.38%
- 1Y
- 33.68%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- —
CE01.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.91% | 6.87% | -3.53% | 6.60% | -15.38% | -4.04% |
GLDW.L WisdomTree Core Physical Gold | 3.96% | 53.57% | 28.18% | 7.26% | 11.82% | 9.07% |
Correlation
The correlation between CE01.L and GLDW.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.31 |
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Return for Risk
CE01.L vs. GLDW.L — Risk / Return Rank
CE01.L
GLDW.L
CE01.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and WisdomTree Core Physical Gold (GLDW.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.
| CE01.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.88 | -1.33 |
| Martin ratioReturn relative to average drawdown | 1.30 | 5.05 | -3.76 |
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
| CE01.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.46 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 1.23 | -1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.30 | -1.12 |
Drawdowns
CE01.L vs. GLDW.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, which is greater than GLDW.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for CE01.L and GLDW.L.
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Drawdown Indicators
| CE01.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -17.86% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -17.86% | +12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -17.86% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -17.86% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | — | — |
Current DrawdownCurrent decline from peak | -18.53% | -15.93% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -3.58% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 6.65% | -4.40% |
Volatility
CE01.L vs. GLDW.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) is 1.98%, while WisdomTree Core Physical Gold (GLDW.L) has a volatility of 5.09%. This indicates that CE01.L experiences smaller price fluctuations and is considered to be less risky than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 5.09% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 19.81% | -15.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 22.95% | -17.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 16.09% | -7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 15.94% | -7.11% |
CE01.L vs. GLDW.L - Expense Ratio Comparison
CE01.L has a 0.15% expense ratio, which is higher than GLDW.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CE01.L vs. GLDW.L - Dividend Comparison
Neither CE01.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
CE01.L and GLDW.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.15% for CE01.L.
CE01.L is categorized as European Government Bonds, while GLDW.L is Precious Metals. CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while GLDW.L tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for CE01.L and 0.12% for GLDW.L.
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