GBSE.DE vs. EUDF.DE
GBSE.DE (WisdomTree Physical Gold EUR Daily Hedged) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both exchange-traded funds - GBSE.DE is a Gold fund tracking the MS Long Gold Euro Hedged, while EUDF.DE is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, GBSE.DE returned 28.73% vs -3.37% for EUDF.DE. At a 0.20 correlation, their price movements are largely independent. GBSE.DE charges 0.12%/yr vs 0.40%/yr for EUDF.DE.
Performance
GBSE.DE vs. EUDF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBSE.DE achieves a 0.31% return, which is significantly lower than EUDF.DE's 2.51% return.
GBSE.DE
- 1D
- 0.75%
- 1M
- -2.43%
- YTD
- 0.31%
- 6M
- 4.63%
- 1Y
- 28.73%
- 3Y*
- 28.22%
- 5Y*
- 15.61%
- 10Y*
- 10.16%
EUDF.DE
- 1D
- 1.22%
- 1M
- -3.90%
- YTD
- 2.51%
- 6M
- 5.21%
- 1Y
- -3.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBSE.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBSE.DE WisdomTree Physical Gold EUR Daily Hedged | 0.31% | 46.97% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 2.51% | 18.55% |
Correlation
The correlation between GBSE.DE and EUDF.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.20 |
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
GBSE.DE vs. EUDF.DE — Risk / Return Rank
GBSE.DE
EUDF.DE
GBSE.DE vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE). 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.
| GBSE.DE | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.17 | +1.80 |
| Martin ratioReturn relative to average drawdown | 4.08 | -0.39 | +4.47 |
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
| GBSE.DE | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.12 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.55 | -0.24 |
Drawdowns
GBSE.DE vs. EUDF.DE - Drawdown Comparison
The maximum GBSE.DE drawdown since its inception was -38.38%, which is greater than EUDF.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for GBSE.DE and EUDF.DE.
Loading charts...
Drawdown Indicators
| GBSE.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -19.51% | -18.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -19.51% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.45% | — | — |
Current DrawdownCurrent decline from peak | -16.18% | -14.05% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -6.55% | -12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 8.29% | -1.27% |
Volatility
GBSE.DE vs. EUDF.DE - Volatility Comparison
The current volatility for WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) is 5.93%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 9.95%. This indicates that GBSE.DE experiences smaller price fluctuations and is considered to be less risky than EUDF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GBSE.DE | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 9.95% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.62% | 22.54% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 29.15% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 30.89% | -13.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 30.89% | -15.39% |
GBSE.DE vs. EUDF.DE - Expense Ratio Comparison
GBSE.DE has a 0.12% expense ratio, which is lower than EUDF.DE's 0.40% expense ratio.
Dividends
GBSE.DE vs. EUDF.DE - Dividend Comparison
Neither GBSE.DE nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
GBSE.DE and EUDF.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBSE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBSE.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for EUDF.DE.
GBSE.DE is categorized as Gold, while EUDF.DE is Aerospace & Defense. GBSE.DE tracks MS Long Gold Euro Hedged, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). Their fees differ too: 0.12% for GBSE.DE and 0.40% for EUDF.DE.
Find the right allocation for GBSE.DE and EUDF.DE
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