GBSP.L vs. CHRG.L
GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) and CHRG.L (WisdomTree Battery Solutions UCITS ETF - USD Acc) are both exchange-traded funds - GBSP.L is a Precious Metals fund tracking the Gold (GBP Hedged), while CHRG.L is a Alternative Energy Equities fund tracking the WisdomTree Battery Solutions Index. Both are passively managed. Over the past 5 years, GBSP.L returned 17.19%/yr vs 5.81%/yr for CHRG.L. At a 0.14 correlation, their price movements are largely independent. GBSP.L charges 0.25%/yr vs 0.40%/yr for CHRG.L.
Performance
GBSP.L vs. CHRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GBSP.L achieves a 3.18% return, which is significantly lower than CHRG.L's 33.50% 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%
CHRG.L
- 1D
- -0.93%
- 1M
- 0.47%
- YTD
- 33.50%
- 6M
- 28.22%
- 1Y
- 107.04%
- 3Y*
- 14.40%
- 5Y*
- 5.81%
- 10Y*
- —
GBSP.L vs. CHRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 3.18% | 63.29% | 25.01% | 11.75% | -1.73% | -4.92% | 16.79% |
CHRG.L WisdomTree Battery Solutions UCITS ETF - USD Acc | 33.50% | 44.29% | -11.91% | -9.67% | -19.10% | 14.89% | 72.90% |
Correlation
The correlation between GBSP.L and CHRG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.14 |
The correlation between GBSP.L and CHRG.L shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBSP.L vs. CHRG.L — Risk / Return Rank
GBSP.L
CHRG.L
GBSP.L vs. CHRG.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 Battery Solutions UCITS ETF - USD Acc (CHRG.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 | CHRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.54 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.54 | -1.78 |
| Martin ratioReturn relative to average drawdown | 4.51 | 6.55 | -2.05 |
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 | CHRG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.01 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.19 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.52 | -0.15 |
Drawdowns
GBSP.L vs. CHRG.L - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, smaller than the maximum CHRG.L drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for GBSP.L and CHRG.L.
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Drawdown Indicators
| GBSP.L | CHRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.30% | -52.64% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.53% | -29.68% | +12.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -39.46% | +21.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -52.64% | +30.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -15.96% | -3.57% | -12.39% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -22.33% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 16.07% | -9.19% |
Volatility
GBSP.L vs. CHRG.L - Volatility Comparison
The current volatility for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) is 6.25%, while WisdomTree Battery Solutions UCITS ETF - USD Acc (CHRG.L) has a volatility of 10.23%. This indicates that GBSP.L experiences smaller price fluctuations and is considered to be less risky than CHRG.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 | CHRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 10.23% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 18.94% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 52.29% | -27.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 30.08% | -12.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 29.54% | -13.98% |
GBSP.L vs. CHRG.L - Expense Ratio Comparison
GBSP.L has a 0.25% expense ratio, which is lower than CHRG.L's 0.40% expense ratio.
Dividends
GBSP.L vs. CHRG.L - Dividend Comparison
Neither GBSP.L nor CHRG.L has paid dividends to shareholders.
Frequently Asked Questions
GBSP.L and CHRG.L have a correlation of 0.28, 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 0.40% for CHRG.L.
GBSP.L is categorized as Precious Metals, while CHRG.L is Alternative Energy Equities. GBSP.L tracks Gold (GBP Hedged), while CHRG.L tracks WisdomTree Battery Solutions Index. Their fees differ too: 0.25% for GBSP.L and 0.40% for CHRG.L.
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