FAGR.L vs. GLDW.L
FAGR.L (WisdomTree Agriculture Longer Dated) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - FAGR.L is a Agricultural Commodities fund tracking the Bloomberg Agriculture 3 Month Forward, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, FAGR.L returned 2.39%/yr vs 18.61%/yr for GLDW.L. At a 0.04 correlation, their price movements are largely independent. FAGR.L charges 0.49%/yr vs 0.12%/yr for GLDW.L.
Performance
FAGR.L vs. GLDW.L - Performance Comparison
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Different Trading Currencies
FAGR.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAGR.L achieves a 5.54% return, which is significantly higher than GLDW.L's 3.71% return.
FAGR.L
- 1D
- -2.30%
- 1M
- -5.58%
- YTD
- 5.54%
- 6M
- 1.56%
- 1Y
- 3.36%
- 3Y*
- 0.10%
- 5Y*
- 2.39%
- 10Y*
- —
GLDW.L
- 1D
- 0.68%
- 1M
- -2.18%
- YTD
- 3.71%
- 6M
- 6.15%
- 1Y
- 32.41%
- 3Y*
- 31.46%
- 5Y*
- 18.61%
- 10Y*
- —
FAGR.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FAGR.L WisdomTree Agriculture Longer Dated | 5.54% | 0.20% | -7.02% | -4.05% | 16.44% | 16.78% |
GLDW.L WisdomTree Core Physical Gold | 3.71% | 65.15% | 26.05% | 12.92% | -0.13% | 6.27% |
Correlation
The correlation between FAGR.L and GLDW.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.04 |
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Return for Risk
FAGR.L vs. GLDW.L — Risk / Return Rank
FAGR.L
GLDW.L
FAGR.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Agriculture Longer Dated (FAGR.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.
| FAGR.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.82 | -1.39 |
| Martin ratioReturn relative to average drawdown | 0.82 | 4.75 | -3.92 |
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
| FAGR.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.34 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.07 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.16 | -0.40 |
Drawdowns
FAGR.L vs. GLDW.L - Drawdown Comparison
The maximum FAGR.L drawdown since its inception was -29.85%, which is greater than GLDW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for FAGR.L and GLDW.L.
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Drawdown Indicators
| FAGR.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -21.42% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -17.74% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -17.74% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -21.42% | -8.43% |
Current DrawdownCurrent decline from peak | -19.52% | -15.82% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -15.30% | -5.39% | -9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 6.81% | -2.74% |
Volatility
FAGR.L vs. GLDW.L - Volatility Comparison
WisdomTree Agriculture Longer Dated (FAGR.L) and WisdomTree Core Physical Gold (GLDW.L) have volatilities of 5.73% and 5.73%, 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
| FAGR.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.73% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 20.82% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 24.07% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 17.35% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 17.18% | +8.72% |
FAGR.L vs. GLDW.L - Expense Ratio Comparison
FAGR.L has a 0.49% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
FAGR.L vs. GLDW.L - Dividend Comparison
Neither FAGR.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
FAGR.L and GLDW.L have a correlation of -0.03, 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 0.49% for FAGR.L.
FAGR.L is categorized as Agricultural Commodities, while GLDW.L is Precious Metals. FAGR.L tracks Bloomberg Agriculture 3 Month Forward, while GLDW.L tracks Gold. Their fees differ too: 0.49% for FAGR.L and 0.12% for GLDW.L.
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