GBSP.L vs. GOLD.TO
Compare and contrast key facts about WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and GoldMining Inc. (GOLD.TO).
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.
Performance
GBSP.L vs. GOLD.TO - Performance Comparison
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GBSP.L vs. GOLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 10.40% | 63.29% | 25.01% | 11.75% | -1.73% | -4.92% | 21.84% | 14.56% | -4.55% | 8.43% |
GOLD.TO GoldMining Inc. | 0.47% | 45.57% | 18.59% | 14.20% | 66.80% | -11.40% | 138.35% | 95.76% | -42.70% | -35.70% |
Different Trading Currencies
GBSP.L is traded in GBp, while GOLD.TO is traded in CAD. To make them comparable, the GOLD.TO 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 10.40% return, which is significantly higher than GOLD.TO's 0.47% return. Over the past 10 years, GBSP.L has underperformed GOLD.TO with an annualized return of 12.17%, while GOLD.TO has yielded a comparatively higher 31.54% annualized return.
GBSP.L
- 1D
- 3.48%
- 1M
- -10.08%
- YTD
- 10.40%
- 6M
- 22.85%
- 1Y
- 50.71%
- 3Y*
- 32.60%
- 5Y*
- 20.94%
- 10Y*
- 12.17%
GOLD.TO
- 1D
- 3.49%
- 1M
- -27.08%
- YTD
- 0.47%
- 6M
- 2.65%
- 1Y
- 45.10%
- 3Y*
- 20.72%
- 5Y*
- 29.48%
- 10Y*
- 31.54%
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Return for Risk
GBSP.L vs. GOLD.TO — Risk / Return Rank
GBSP.L
GOLD.TO
GBSP.L vs. GOLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and GoldMining Inc. (GOLD.TO). 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 | GOLD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 0.72 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.40 | 1.36 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 0.94 | +1.96 |
Martin ratioReturn relative to average drawdown | 10.97 | 2.40 | +8.57 |
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 | GOLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.72 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.54 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.54 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.26 | +0.16 |
Correlation
The correlation between GBSP.L and GOLD.TO is 0.32, 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.
Dividends
GBSP.L vs. GOLD.TO - Dividend Comparison
Neither GBSP.L nor GOLD.TO has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLD.TO GoldMining Inc. | 0.00% | 0.00% | 34.78% | 30.77% | 42.21% | 51.08% | 11.19% | 9.77% |
Drawdowns
GBSP.L vs. GOLD.TO - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, smaller than the maximum GOLD.TO drawdown of -80.26%. Use the drawdown chart below to compare losses from any high point for GBSP.L and GOLD.TO.
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Drawdown Indicators
| GBSP.L | GOLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.30% | -76.83% | +39.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.53% | -48.97% | +31.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -48.97% | +26.92% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -76.83% | +53.84% |
Current DrawdownCurrent decline from peak | -10.08% | -41.10% | +31.02% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -36.67% | +19.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 19.12% | -14.49% |
Volatility
GBSP.L vs. GOLD.TO - Volatility Comparison
The current volatility for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) is 11.69%, while GoldMining Inc. (GOLD.TO) has a volatility of 20.51%. This indicates that GBSP.L experiences smaller price fluctuations and is considered to be less risky than GOLD.TO 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 | GOLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 20.51% | -8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 22.25% | 54.69% | -32.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.14% | 62.87% | -36.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 55.19% | -38.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 58.82% | -43.38% |