GBSP.L vs. DFEN.DE
Compare and contrast key facts about WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and VanEck Defense UCITS ETF A (DFEN.DE).
GBSP.L and DFEN.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBSP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold (GBP Hedged). It was launched on Mar 18, 2013. DFEN.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Defense Industry. It was launched on Mar 31, 2023. Both GBSP.L and DFEN.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBSP.L or DFEN.DE.
Key characteristics
| GBSP.L | DFEN.DE | |
|---|---|---|
| YTD Return | 24.51% | 65.44% |
| 1Y Return | 32.25% | 65.08% |
| Sharpe Ratio | 2.18 | 4.06 |
| Sortino Ratio | 2.84 | 5.30 |
| Omega Ratio | 1.38 | 1.69 |
| Calmar Ratio | 3.39 | 8.88 |
| Martin Ratio | 13.22 | 38.65 |
| Ulcer Index | 2.32% | 1.72% |
| Daily Std Dev | 14.08% | 16.31% |
| Max Drawdown | -37.30% | -7.47% |
| Current Drawdown | -6.76% | -0.97% |
Correlation
The correlation between GBSP.L and DFEN.DE is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBSP.L vs. DFEN.DE - Performance Comparison
In the year-to-date period, GBSP.L achieves a 24.51% return, which is significantly lower than DFEN.DE's 65.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GBSP.L vs. DFEN.DE - Expense Ratio Comparison
GBSP.L has a 0.25% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Risk-Adjusted Performance
GBSP.L vs. DFEN.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and VanEck Defense UCITS ETF A (DFEN.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.
Dividends
GBSP.L vs. DFEN.DE - Dividend Comparison
Neither GBSP.L nor DFEN.DE has paid dividends to shareholders.
Drawdowns
GBSP.L vs. DFEN.DE - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, which is greater than DFEN.DE's maximum drawdown of -7.47%. Use the drawdown chart below to compare losses from any high point for GBSP.L and DFEN.DE. For additional features, visit the drawdowns tool.
Volatility
GBSP.L vs. DFEN.DE - Volatility Comparison
WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and VanEck Defense UCITS ETF A (DFEN.DE) have volatilities of 6.71% and 6.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.