F3A.DE vs. GBSP.L
F3A.DE (First Solar Inc) is a stock, while GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) is Precious Metals fund tracking the Gold (GBP Hedged). Over the past 10 years, F3A.DE returned 19.70%/yr vs 10.25%/yr for GBSP.L. At a 0.02 correlation, their price movements are largely independent.
Performance
F3A.DE vs. GBSP.L - Performance Comparison
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Different Trading Currencies
F3A.DE is traded in EUR, while GBSP.L is traded in GBp. To make them comparable, the GBSP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, F3A.DE achieves a 16.01% return, which is significantly higher than GBSP.L's 4.10% return. Over the past 10 years, F3A.DE has outperformed GBSP.L with an annualized return of 19.70%, while GBSP.L has yielded a comparatively lower 10.25% annualized return.
F3A.DE
- 1D
- -2.39%
- 1M
- 43.82%
- YTD
- 16.01%
- 6M
- 18.00%
- 1Y
- 88.46%
- 3Y*
- 11.37%
- 5Y*
- 33.25%
- 10Y*
- 19.70%
GBSP.L
- 1D
- 0.67%
- 1M
- -2.59%
- YTD
- 4.10%
- 6M
- 6.57%
- 1Y
- 27.63%
- 3Y*
- 30.04%
- 5Y*
- 17.03%
- 10Y*
- 10.25%
F3A.DE vs. GBSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
F3A.DE First Solar Inc | 16.01% | 31.80% | 10.95% | 12.67% | 80.25% | -4.34% | 59.68% | 39.83% | -36.82% | 84.02% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 4.12% | 54.78% | 31.04% | 14.12% | -6.79% | 1.26% | 15.22% | 21.85% | -5.72% | 4.16% |
Correlation
The correlation between F3A.DE and GBSP.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013 | 0.02 |
The correlation between F3A.DE and GBSP.L shifts across timeframes, from 0.02 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
F3A.DE vs. GBSP.L — Risk / Return Rank
F3A.DE
GBSP.L
F3A.DE vs. GBSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar Inc (F3A.DE) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.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.
| F3A.DE | GBSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.60 | +1.12 |
| Martin ratioReturn relative to average drawdown | 5.63 | 3.88 | +1.75 |
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
| F3A.DE | GBSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.09 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.92 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.60 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.34 | -0.10 |
Drawdowns
F3A.DE vs. GBSP.L - Drawdown Comparison
The maximum F3A.DE drawdown since its inception was -95.41%, which is greater than GBSP.L's maximum drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for F3A.DE and GBSP.L.
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Drawdown Indicators
| F3A.DE | GBSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.41% | -38.54% | -56.87% |
Max Drawdown (1Y)Largest decline over 1 year | -33.03% | -17.23% | -15.80% |
Max Drawdown (3Y)Largest decline over 3 years | -61.06% | -17.23% | -43.83% |
Max Drawdown (5Y)Largest decline over 5 years | -61.06% | -27.12% | -33.94% |
Max Drawdown (10Y)Largest decline over 10 years | -61.06% | -27.12% | -33.94% |
Current DrawdownCurrent decline from peak | -3.33% | -15.66% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -57.29% | -16.98% | -40.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.97% | 7.10% | +8.87% |
Volatility
F3A.DE vs. GBSP.L - Volatility Comparison
First Solar Inc (F3A.DE) has a higher volatility of 15.39% compared to WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) at 6.37%. This indicates that F3A.DE's price experiences larger fluctuations and is considered to be riskier than GBSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| F3A.DE | GBSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.39% | 6.37% | +9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 36.27% | 22.16% | +14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.96% | 25.18% | +26.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.30% | 18.47% | +33.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.32% | 17.01% | +35.31% |
Dividends
F3A.DE vs. GBSP.L - Dividend Comparison
Neither F3A.DE nor GBSP.L has paid dividends to shareholders.
Frequently Asked Questions
F3A.DE and GBSP.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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