GBSP.L vs. XGDU.L
GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both Precious Metals funds - GBSP.L tracks the Gold (GBP Hedged) while XGDU.L tracks the Gold. Both are passively managed. Over the past 5 years, GBSP.L returned 17.19%/yr vs 19.88%/yr for XGDU.L. A 0.80 correlation means they provide meaningful diversification when combined. GBSP.L charges 0.25%/yr vs 0.12%/yr for XGDU.L.
Performance
GBSP.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
GBSP.L is traded in GBp, while XGDU.L is traded in USD. To make them comparable, the XGDU.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 3.18% return, which is significantly lower than XGDU.L's 4.15% 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%
XGDU.L
- 1D
- 0.55%
- 1M
- -3.56%
- YTD
- 4.15%
- 6M
- 5.25%
- 1Y
- 34.32%
- 3Y*
- 28.22%
- 5Y*
- 19.88%
- 10Y*
- —
GBSP.L vs. XGDU.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% | 9.66% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 4.15% | 52.97% | 28.40% | 7.78% | 11.98% | -3.90% | 1.09% |
Correlation
The correlation between GBSP.L and XGDU.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2020 | 0.80 |
The correlation between GBSP.L and XGDU.L shifts across timeframes, from 0.80 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBSP.L vs. XGDU.L — Risk / Return Rank
GBSP.L
XGDU.L
GBSP.L vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.90 | -0.13 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.03 | -0.52 |
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 | XGDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.39 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.19 | -0.20 |
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 | 0.94 | -0.57 |
Drawdowns
GBSP.L vs. XGDU.L - Drawdown Comparison
The maximum GBSP.L drawdown since its inception was -37.30%, which is greater than XGDU.L's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for GBSP.L and XGDU.L.
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Drawdown Indicators
| GBSP.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.30% | -22.90% | -14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -17.53% | -17.64% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -17.64% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -17.64% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | — | — |
Current DrawdownCurrent decline from peak | -15.96% | -15.94% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -6.61% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 6.67% | +0.21% |
Volatility
GBSP.L vs. XGDU.L - Volatility Comparison
WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.L) have volatilities of 6.25% and 5.96%, 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.
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Volatility by Period
| GBSP.L | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.96% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.79% | 21.20% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 24.12% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 16.76% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 16.83% | -1.27% |
GBSP.L vs. XGDU.L - Expense Ratio Comparison
GBSP.L has a 0.25% expense ratio, which is higher than XGDU.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBSP.L vs. XGDU.L - Dividend Comparison
Neither GBSP.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, GBSP.L and XGDU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.25% for GBSP.L.
GBSP.L tracks Gold (GBP Hedged), while XGDU.L tracks Gold. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.25% for GBSP.L and 0.12% for XGDU.L.
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