GBSP.L vs. EGRW.L
GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) and EGRW.L (WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR) are both exchange-traded funds - GBSP.L is a Precious Metals fund tracking the Gold (GBP Hedged), while EGRW.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, GBSP.L returned 16.53%/yr vs 3.96%/yr for EGRW.L. At a 0.05 correlation, their price movements are largely independent. GBSP.L charges 0.25%/yr vs 0.29%/yr for EGRW.L.
Performance
GBSP.L vs. EGRW.L - Performance Comparison
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Different Trading Currencies
GBSP.L is traded in GBp, while EGRW.L is traded in EUR. To make them comparable, the EGRW.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 0.31% return, which is significantly lower than EGRW.L's 4.38% return.
GBSP.L
- 1D
- -2.79%
- 1M
- -7.39%
- YTD
- 0.31%
- 6M
- 2.48%
- 1Y
- 28.21%
- 3Y*
- 28.97%
- 5Y*
- 16.53%
- 10Y*
- 11.04%
EGRW.L
- 1D
- -0.99%
- 1M
- 1.50%
- YTD
- 4.38%
- 6M
- 5.68%
- 1Y
- 11.54%
- 3Y*
- 6.95%
- 5Y*
- 3.96%
- 10Y*
- —
GBSP.L vs. EGRW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 0.31% | 63.29% | 25.01% | 11.75% | -1.73% | -4.92% | 21.84% | 14.56% | -4.55% | 8.43% |
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR | 4.38% | 18.52% | -6.08% | 17.06% | -14.92% | 17.20% | 12.30% | 25.02% | -13.80% | 25.98% |
Correlation
The correlation between GBSP.L and EGRW.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2016 | 0.05 |
The correlation between GBSP.L and EGRW.L shifts across timeframes, from 0.05 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBSP.L vs. EGRW.L — Risk / Return Rank
GBSP.L
EGRW.L
GBSP.L vs. EGRW.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 Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.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 | EGRW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.94 | +0.59 |
| Martin ratioReturn relative to average drawdown | 4.04 | 3.07 | +0.96 |
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 | EGRW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.72 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.23 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.47 | -0.12 |
Drawdowns
GBSP.L vs. EGRW.L - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.82%, which is greater than EGRW.L's maximum drawdown of -28.14%. Use the drawdown chart below to compare losses from any high point for GBSP.L and EGRW.L.
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Drawdown Indicators
| GBSP.L | EGRW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.82% | -28.14% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -18.30% | -12.20% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -15.33% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -28.14% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -18.30% | -1.50% | -16.80% |
Average DrawdownAverage peak-to-trough decline | -17.77% | -6.45% | -11.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 3.74% | +3.23% |
Volatility
GBSP.L vs. EGRW.L - Volatility Comparison
WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) has a higher volatility of 6.22% compared to WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L) at 4.67%. This indicates that GBSP.L's price experiences larger fluctuations and is considered to be riskier than EGRW.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 | EGRW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 4.67% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 21.94% | 13.50% | +8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 16.00% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 17.05% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.33% | -1.74% |
GBSP.L vs. EGRW.L - Expense Ratio Comparison
GBSP.L has a 0.25% expense ratio, which is lower than EGRW.L's 0.29% expense ratio.
Dividends
GBSP.L vs. EGRW.L - Dividend Comparison
GBSP.L has not paid dividends to shareholders, while EGRW.L's dividend yield for the trailing twelve months is around 2.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR | 2.11% | 2.15% | 2.27% | 2.00% | 2.29% | 1.72% | 1.04% | 1.61% | 1.94% | 1.36% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBSP.L and EGRW.L have a correlation of 0.23, 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 0.29% for EGRW.L.
GBSP.L is categorized as Precious Metals, while EGRW.L is Europe Equities. GBSP.L tracks Gold (GBP Hedged), while EGRW.L tracks MSCI EMU NR EUR. Their fees differ too: 0.25% for GBSP.L and 0.29% for EGRW.L.
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