GBSS.L vs. AIGP.L
GBSS.L (Gold Bullion Securities) and AIGP.L (WisdomTree Precious Metals) are both Precious Metals funds from WisdomTree - GBSS.L tracks the Gold while AIGP.L tracks the Bloomberg Precious Metals. Both are passively managed. Over the past 10 years, GBSS.L returned 13.99%/yr vs 12.87%/yr for AIGP.L. A 0.78 correlation means they provide meaningful diversification when combined. GBSS.L charges 0.40%/yr vs 0.49%/yr for AIGP.L.
Performance
GBSS.L vs. AIGP.L - Performance Comparison
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Different Trading Currencies
GBSS.L is traded in GBp, while AIGP.L is traded in USD. To make them comparable, the AIGP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBSS.L achieves a 3.71% return, which is significantly lower than AIGP.L's 4.78% return. Over the past 10 years, GBSS.L has outperformed AIGP.L with an annualized return of 13.99%, while AIGP.L has yielded a comparatively lower 12.87% annualized return.
GBSS.L
- 1D
- 0.61%
- 1M
- -1.48%
- YTD
- 3.71%
- 6M
- 5.10%
- 1Y
- 33.15%
- 3Y*
- 27.74%
- 5Y*
- 19.51%
- 10Y*
- 13.99%
AIGP.L
- 1D
- 0.43%
- 1M
- -1.13%
- YTD
- 4.78%
- 6M
- 11.69%
- 1Y
- 49.80%
- 3Y*
- 30.16%
- 5Y*
- 18.97%
- 10Y*
- 12.87%
GBSS.L vs. AIGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBSS.L Gold Bullion Securities | 3.71% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | 19.73% | 14.42% | 4.17% | 1.53% |
AIGP.L WisdomTree Precious Metals | 4.78% | 65.90% | 25.41% | 2.42% | 10.92% | -6.87% | 20.42% | 11.65% | 0.94% | -1.68% |
Correlation
The correlation between GBSS.L and AIGP.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2007 | 0.78 |
The correlation between GBSS.L and AIGP.L shifts across timeframes, from 0.78 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBSS.L vs. AIGP.L — Risk / Return Rank
GBSS.L
AIGP.L
GBSS.L vs. AIGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Bullion Securities (GBSS.L) and WisdomTree Precious Metals (AIGP.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.
| GBSS.L | AIGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.36 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.94 | 6.08 | -1.14 |
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
| GBSS.L | AIGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.67 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.08 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.76 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.09 |
Drawdowns
GBSS.L vs. AIGP.L - Drawdown Comparison
The maximum GBSS.L drawdown since its inception was -42.08%, smaller than the maximum AIGP.L drawdown of -51.55%. Use the drawdown chart below to compare losses from any high point for GBSS.L and AIGP.L.
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Drawdown Indicators
| GBSS.L | AIGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -51.55% | +9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -21.00% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -21.00% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -21.00% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -23.05% | +0.64% |
Current DrawdownCurrent decline from peak | -16.16% | -18.42% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -19.70% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 8.17% | -1.47% |
Volatility
GBSS.L vs. AIGP.L - Volatility Comparison
The current volatility for Gold Bullion Securities (GBSS.L) is 5.05%, while WisdomTree Precious Metals (AIGP.L) has a volatility of 7.75%. This indicates that GBSS.L experiences smaller price fluctuations and is considered to be less risky than AIGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBSS.L | AIGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 7.75% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.82% | 26.85% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.96% | 29.66% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 21.10% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 20.20% | -4.43% |
GBSS.L vs. AIGP.L - Expense Ratio Comparison
GBSS.L has a 0.40% expense ratio, which is lower than AIGP.L's 0.49% expense ratio.
Dividends
GBSS.L vs. AIGP.L - Dividend Comparison
Neither GBSS.L nor AIGP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, GBSS.L and AIGP.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, GBSS.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBSS.L is cheaper with a 0.40% expense ratio, compared with 0.49% for AIGP.L.
GBSS.L tracks Gold, while AIGP.L tracks Bloomberg Precious Metals. Their fees differ too: 0.40% for GBSS.L and 0.49% for AIGP.L.
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