GBSE.DE vs. NTSG.DE
GBSE.DE (WisdomTree Physical Gold EUR Daily Hedged) and NTSG.DE (WisdomTree Global Efficient Core UCITS ETF USD Accumulating) are both exchange-traded funds - GBSE.DE is a Gold fund tracking the MS Long Gold Euro Hedged, while NTSG.DE is a Global Allocation fund tracking the WisdomTree Global Efficient Core Index. Both are passively managed. Over the past year, GBSE.DE returned 29.37% vs 21.07% for NTSG.DE. At a 0.04 correlation, their price movements are largely independent. GBSE.DE charges 0.12%/yr vs 0.25%/yr for NTSG.DE.
Performance
GBSE.DE vs. NTSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GBSE.DE achieves a 0.31% return, which is significantly lower than NTSG.DE's 8.92% return.
GBSE.DE
- 1D
- 0.75%
- 1M
- -4.83%
- YTD
- 0.31%
- 6M
- 4.58%
- 1Y
- 29.37%
- 3Y*
- 28.22%
- 5Y*
- 15.61%
- 10Y*
- 10.16%
NTSG.DE
- 1D
- 0.04%
- 1M
- 4.22%
- YTD
- 8.92%
- 6M
- 7.22%
- 1Y
- 21.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBSE.DE vs. NTSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBSE.DE WisdomTree Physical Gold EUR Daily Hedged | 0.31% | 62.87% | 0.53% |
NTSG.DE WisdomTree Global Efficient Core UCITS ETF USD Accumulating | 8.92% | 8.14% | 0.20% |
Correlation
The correlation between GBSE.DE and NTSG.DE is 0.10, 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 | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2024 | 0.04 |
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Return for Risk
GBSE.DE vs. NTSG.DE — Risk / Return Rank
GBSE.DE
NTSG.DE
GBSE.DE vs. NTSG.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 Global Efficient Core UCITS ETF USD Accumulating (NTSG.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 | NTSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.29 | -1.66 |
| Martin ratioReturn relative to average drawdown | 4.08 | 11.64 | -7.56 |
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
| GBSE.DE | NTSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.86 | -0.70 |
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 | 0.79 | -0.48 |
Drawdowns
GBSE.DE vs. NTSG.DE - Drawdown Comparison
The maximum GBSE.DE drawdown since its inception was -38.38%, which is greater than NTSG.DE's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for GBSE.DE and NTSG.DE.
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Drawdown Indicators
| GBSE.DE | NTSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -19.64% | -18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -6.26% | -11.29% |
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% | -0.09% | -16.09% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -3.69% | -15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 1.77% | +5.25% |
Volatility
GBSE.DE vs. NTSG.DE - Volatility Comparison
WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) has a higher volatility of 5.93% compared to WisdomTree Global Efficient Core UCITS ETF USD Accumulating (NTSG.DE) at 3.24%. This indicates that GBSE.DE's price experiences larger fluctuations and is considered to be riskier than NTSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBSE.DE | NTSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 3.24% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.62% | 8.09% | +13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 11.12% | +13.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.30% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 14.30% | +1.20% |
GBSE.DE vs. NTSG.DE - Expense Ratio Comparison
GBSE.DE has a 0.12% expense ratio, which is lower than NTSG.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBSE.DE vs. NTSG.DE - Dividend Comparison
Neither GBSE.DE nor NTSG.DE has paid dividends to shareholders.
Frequently Asked Questions
GBSE.DE and NTSG.DE have a correlation of 0.10, 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 0.25% for NTSG.DE.
GBSE.DE is categorized as Gold, while NTSG.DE is Global Allocation. GBSE.DE tracks MS Long Gold Euro Hedged, while NTSG.DE tracks WisdomTree Global Efficient Core Index. Their fees differ too: 0.12% for GBSE.DE and 0.25% for NTSG.DE.
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