GBSP.L vs. SGLN.L
Compare and contrast key facts about WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and iShares Physical Gold ETC (SGLN.L).
GBSP.L and SGLN.L 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. SGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both GBSP.L and SGLN.L 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 SGLN.L.
Key characteristics
| GBSP.L | SGLN.L | |
|---|---|---|
| YTD Return | 24.51% | 25.67% |
| 1Y Return | 32.25% | 28.56% |
| 3Y Return (Ann) | 10.15% | 13.57% |
| 5Y Return (Ann) | 10.29% | 12.13% |
| 10Y Return (Ann) | 5.98% | 10.30% |
| Sharpe Ratio | 2.18 | 2.31 |
| Sortino Ratio | 2.84 | 3.10 |
| Omega Ratio | 1.38 | 1.41 |
| Calmar Ratio | 3.39 | 4.79 |
| Martin Ratio | 13.22 | 11.73 |
| Ulcer Index | 2.32% | 2.52% |
| Daily Std Dev | 14.08% | 12.79% |
| Max Drawdown | -37.30% | -41.71% |
| Current Drawdown | -6.76% | -4.76% |
Correlation
The correlation between GBSP.L and SGLN.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GBSP.L vs. SGLN.L - Performance Comparison
The year-to-date returns for both investments are quite close, with GBSP.L having a 24.51% return and SGLN.L slightly higher at 25.67%. Over the past 10 years, GBSP.L has underperformed SGLN.L with an annualized return of 5.98%, while SGLN.L has yielded a comparatively higher 10.30% annualized 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. SGLN.L - Expense Ratio Comparison
Risk-Adjusted Performance
GBSP.L vs. SGLN.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and iShares Physical Gold ETC (SGLN.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.
Dividends
GBSP.L vs. SGLN.L - Dividend Comparison
Neither GBSP.L nor SGLN.L has paid dividends to shareholders.
Drawdowns
GBSP.L vs. SGLN.L - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for GBSP.L and SGLN.L. For additional features, visit the drawdowns tool.
Volatility
GBSP.L vs. SGLN.L - Volatility Comparison
WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) has a higher volatility of 6.71% compared to iShares Physical Gold ETC (SGLN.L) at 4.85%. This indicates that GBSP.L's price experiences larger fluctuations and is considered to be riskier than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.