GBSE.DE vs. W1TB.DE
GBSE.DE (WisdomTree Physical Gold EUR Daily Hedged) and W1TB.DE (WisdomTree Cybersecurity UCITS ETF USD Acc) are both exchange-traded funds - GBSE.DE is a Gold fund tracking the MS Long Gold Euro Hedged, while W1TB.DE is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity UCITS. Both are passively managed. Over the past 5 years, GBSE.DE returned 15.61%/yr vs 10.28%/yr for W1TB.DE. At a 0.04 correlation, their price movements are largely independent. GBSE.DE charges 0.12%/yr vs 0.45%/yr for W1TB.DE.
Performance
GBSE.DE vs. W1TB.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 W1TB.DE's 23.96% 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%
W1TB.DE
- 1D
- -1.41%
- 1M
- 27.50%
- YTD
- 23.96%
- 6M
- 18.14%
- 1Y
- 7.48%
- 3Y*
- 18.32%
- 5Y*
- 10.28%
- 10Y*
- —
GBSE.DE vs. W1TB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBSE.DE WisdomTree Physical Gold EUR Daily Hedged | 0.31% | 62.87% | 24.14% | 10.15% | -2.06% | -4.25% |
W1TB.DE WisdomTree Cybersecurity UCITS ETF USD Acc | 23.96% | -11.91% | 17.04% | 65.62% | -39.90% | 16.75% |
Correlation
The correlation between GBSE.DE and W1TB.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021 | 0.04 |
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Return for Risk
GBSE.DE vs. W1TB.DE — Risk / Return Rank
GBSE.DE
W1TB.DE
GBSE.DE vs. W1TB.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 Cybersecurity UCITS ETF USD Acc (W1TB.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 | W1TB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.24 | +1.39 |
| Martin ratioReturn relative to average drawdown | 4.08 | 0.53 | +3.56 |
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 | W1TB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.22 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.31 | +0.59 |
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 | 0.24 | +0.08 |
Drawdowns
GBSE.DE vs. W1TB.DE - Drawdown Comparison
The maximum GBSE.DE drawdown since its inception was -38.38%, smaller than the maximum W1TB.DE drawdown of -48.28%. Use the drawdown chart below to compare losses from any high point for GBSE.DE and W1TB.DE.
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Drawdown Indicators
| GBSE.DE | W1TB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -48.28% | +9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -31.41% | +13.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -38.45% | +20.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -48.28% | +25.57% |
Max Drawdown (10Y)Largest decline over 10 years | -24.45% | — | — |
Current DrawdownCurrent decline from peak | -16.18% | -5.78% | -10.40% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -19.82% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 14.02% | -7.00% |
Volatility
GBSE.DE vs. W1TB.DE - Volatility Comparison
The current volatility for WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) is 5.93%, while WisdomTree Cybersecurity UCITS ETF USD Acc (W1TB.DE) has a volatility of 14.47%. This indicates that GBSE.DE experiences smaller price fluctuations and is considered to be less risky than W1TB.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 | W1TB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 14.47% | -8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 21.62% | 29.61% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 33.67% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 32.39% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 32.26% | -16.76% |
GBSE.DE vs. W1TB.DE - Expense Ratio Comparison
GBSE.DE has a 0.12% expense ratio, which is lower than W1TB.DE's 0.45% expense ratio.
Dividends
GBSE.DE vs. W1TB.DE - Dividend Comparison
Neither GBSE.DE nor W1TB.DE has paid dividends to shareholders.
Frequently Asked Questions
GBSE.DE and W1TB.DE have a correlation of -0.05, 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 0.45% for W1TB.DE.
GBSE.DE is categorized as Gold, while W1TB.DE is Technology Equities. GBSE.DE tracks MS Long Gold Euro Hedged, while W1TB.DE tracks WisdomTree Team8 Cybersecurity UCITS. Their fees differ too: 0.12% for GBSE.DE and 0.45% for W1TB.DE.
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