GBSP.L vs. AIGA.L
GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) and AIGA.L (WisdomTree Agriculture) are both exchange-traded funds - GBSP.L is a Precious Metals fund tracking the Gold (GBP Hedged), while AIGA.L is a Agricultural Commodities fund tracking the Bloomberg Agriculture. Both are passively managed. Over the past 10 years, GBSP.L returned 11.30%/yr vs 0.70%/yr for AIGA.L. At a correlation of -0.04, they often move in opposite directions. GBSP.L charges 0.25%/yr vs 0.49%/yr for AIGA.L.
Performance
GBSP.L vs. AIGA.L - Performance Comparison
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Different Trading Currencies
GBSP.L is traded in GBp, while AIGA.L is traded in USD. To make them comparable, the AIGA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBSP.L achieves a 3.18% return, which is significantly lower than AIGA.L's 3.78% return. Over the past 10 years, GBSP.L has outperformed AIGA.L with an annualized return of 11.30%, while AIGA.L has yielded a comparatively lower 0.70% annualized return.
GBSP.L
- 1D
- 0.76%
- 1M
- -4.73%
- YTD
- 3.18%
- 6M
- 5.42%
- 1Y
- 31.89%
- 3Y*
- 30.23%
- 5Y*
- 17.19%
- 10Y*
- 11.30%
AIGA.L
- 1D
- -2.71%
- 1M
- -4.50%
- YTD
- 3.78%
- 6M
- -1.14%
- 1Y
- 1.72%
- 3Y*
- -4.37%
- 5Y*
- 1.82%
- 10Y*
- 0.70%
GBSP.L vs. AIGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 3.18% | 63.29% | 25.01% | 11.75% | -1.73% | -4.92% | 21.84% | 14.56% | -4.55% | 8.43% |
AIGA.L WisdomTree Agriculture | 3.78% | -8.86% | -5.22% | -9.11% | 27.45% | 26.81% | 10.90% | -3.80% | -5.63% | -19.73% |
Correlation
The correlation between GBSP.L and AIGA.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013 | -0.04 |
The correlation between GBSP.L and AIGA.L shifts across timeframes, from -0.21 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GBSP.L vs. AIGA.L — Risk / Return Rank
GBSP.L
AIGA.L
GBSP.L vs. AIGA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and WisdomTree Agriculture (AIGA.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.
| GBSP.L | AIGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.04 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.19 | +1.58 |
| Martin ratioReturn relative to average drawdown | 4.51 | 0.39 | +4.12 |
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
| GBSP.L | AIGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.14 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.10 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.04 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.08 | +0.29 |
Drawdowns
GBSP.L vs. AIGA.L - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, smaller than the maximum AIGA.L drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for GBSP.L and AIGA.L.
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Drawdown Indicators
| GBSP.L | AIGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.30% | -56.90% | +19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -17.53% | -11.21% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -25.03% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -32.19% | +10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -42.35% | +19.36% |
Current DrawdownCurrent decline from peak | -15.96% | -26.99% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -28.08% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 5.34% | +1.54% |
Volatility
GBSP.L vs. AIGA.L - Volatility Comparison
WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) has a higher volatility of 6.25% compared to WisdomTree Agriculture (AIGA.L) at 5.95%. This indicates that GBSP.L's price experiences larger fluctuations and is considered to be riskier than AIGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBSP.L | AIGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.95% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 10.97% | +10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 14.61% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.96% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 17.60% | -2.04% |
GBSP.L vs. AIGA.L - Expense Ratio Comparison
GBSP.L has a 0.25% expense ratio, which is lower than AIGA.L's 0.49% expense ratio.
Dividends
GBSP.L vs. AIGA.L - Dividend Comparison
Neither GBSP.L nor AIGA.L has paid dividends to shareholders.
Frequently Asked Questions
GBSP.L and AIGA.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBSP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBSP.L is cheaper with a 0.25% expense ratio, compared with 0.49% for AIGA.L.
GBSP.L is categorized as Precious Metals, while AIGA.L is Agricultural Commodities. GBSP.L tracks Gold (GBP Hedged), while AIGA.L tracks Bloomberg Agriculture. Their fees differ too: 0.25% for GBSP.L and 0.49% for AIGA.L.
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