GBSE.DE vs. WTEJ.DE
GBSE.DE (WisdomTree Physical Gold EUR Daily Hedged) and WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) are both exchange-traded funds - GBSE.DE is a Gold fund tracking the MS Long Gold Euro Hedged, while WTEJ.DE is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud. Both are passively managed. Over the past 5 years, GBSE.DE returned 15.61%/yr vs -6.47%/yr for WTEJ.DE. At a 0.03 correlation, their price movements are largely independent. GBSE.DE charges 0.12%/yr vs 0.40%/yr for WTEJ.DE.
Performance
GBSE.DE vs. WTEJ.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 higher than WTEJ.DE's -3.77% 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%
WTEJ.DE
- 1D
- 1.76%
- 1M
- 18.51%
- YTD
- -3.77%
- 6M
- -4.08%
- 1Y
- -10.28%
- 3Y*
- 0.54%
- 5Y*
- -6.47%
- 10Y*
- —
GBSE.DE vs. WTEJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GBSE.DE WisdomTree Physical Gold EUR Daily Hedged | 0.31% | 62.87% | 24.14% | 10.15% | -2.06% | -5.63% | 21.48% | -0.02% |
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc | -3.77% | -16.66% | 12.94% | 39.67% | -50.17% | 4.71% | 90.46% | 4.50% |
Correlation
The correlation between GBSE.DE and WTEJ.DE is -0.07, 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 | -0.07 |
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 Nov 5, 2019 | 0.03 |
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Return for Risk
GBSE.DE vs. WTEJ.DE — Risk / Return Rank
GBSE.DE
WTEJ.DE
GBSE.DE vs. WTEJ.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 Cloud Computing UCITS ETF USD Acc (WTEJ.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 | WTEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.25 | +1.88 |
| Martin ratioReturn relative to average drawdown | 4.08 | -0.55 | +4.64 |
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 | WTEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.25 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | -0.18 | +1.08 |
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 | 0.11 | +0.20 |
Drawdowns
GBSE.DE vs. WTEJ.DE - Drawdown Comparison
The maximum GBSE.DE drawdown since its inception was -38.38%, smaller than the maximum WTEJ.DE drawdown of -63.60%. Use the drawdown chart below to compare losses from any high point for GBSE.DE and WTEJ.DE.
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Drawdown Indicators
| GBSE.DE | WTEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -63.60% | +25.22% |
Max Drawdown (1Y)Largest decline over 1 year | -17.55% | -36.22% | +18.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -48.59% | +31.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -63.60% | +40.89% |
Max Drawdown (10Y)Largest decline over 10 years | -24.45% | — | — |
Current DrawdownCurrent decline from peak | -16.18% | -48.45% | +32.27% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -35.70% | +16.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 16.00% | -8.98% |
Volatility
GBSE.DE vs. WTEJ.DE - Volatility Comparison
The current volatility for WisdomTree Physical Gold EUR Daily Hedged (GBSE.DE) is 5.93%, while WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a volatility of 15.88%. This indicates that GBSE.DE experiences smaller price fluctuations and is considered to be less risky than WTEJ.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 | WTEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 15.88% | -9.95% |
Volatility (6M)Calculated over the trailing 6-month period | 21.62% | 32.38% | -10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 36.29% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 35.57% | -18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 38.61% | -23.11% |
GBSE.DE vs. WTEJ.DE - Expense Ratio Comparison
GBSE.DE has a 0.12% expense ratio, which is lower than WTEJ.DE's 0.40% expense ratio.
Dividends
GBSE.DE vs. WTEJ.DE - Dividend Comparison
Neither GBSE.DE nor WTEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
GBSE.DE and WTEJ.DE have a correlation of -0.07, 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 WTEJ.DE.
GBSE.DE is categorized as Gold, while WTEJ.DE is Technology Equities. GBSE.DE tracks MS Long Gold Euro Hedged, while WTEJ.DE tracks BVP Nasdaq Emerging Cloud. Their fees differ too: 0.12% for GBSE.DE and 0.40% for WTEJ.DE.
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