GBSS.L vs. COFF.L
GBSS.L (Gold Bullion Securities) and COFF.L (WisdomTree Coffee) are both exchange-traded funds - GBSS.L is a Precious Metals fund tracking the Gold, while COFF.L is a Agricultural Commodities fund tracking the Bloomberg Coffee. Both are passively managed. Over the past 10 years, GBSS.L returned 13.99%/yr vs 5.33%/yr for COFF.L. At a 0.13 correlation, their price movements are largely independent. GBSS.L charges 0.40%/yr vs 0.49%/yr for COFF.L.
Performance
GBSS.L vs. COFF.L - Performance Comparison
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Different Trading Currencies
GBSS.L is traded in GBp, while COFF.L is traded in USD. To make them comparable, the COFF.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 higher than COFF.L's -25.95% return. Over the past 10 years, GBSS.L has outperformed COFF.L with an annualized return of 13.99%, while COFF.L has yielded a comparatively lower 5.33% 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%
COFF.L
- 1D
- -2.94%
- 1M
- -14.84%
- YTD
- -25.95%
- 6M
- -31.86%
- 1Y
- -16.33%
- 3Y*
- 21.51%
- 5Y*
- 18.75%
- 10Y*
- 5.33%
GBSS.L vs. COFF.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% |
COFF.L WisdomTree Coffee | -25.95% | 20.62% | 77.97% | 18.30% | -11.58% | 64.66% | -14.83% | 9.37% | -22.80% | -24.78% |
Correlation
The correlation between GBSS.L and COFF.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2007 | 0.13 |
The correlation between GBSS.L and COFF.L shifts across timeframes, from -0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GBSS.L vs. COFF.L — Risk / Return Rank
GBSS.L
COFF.L
GBSS.L vs. COFF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Bullion Securities (GBSS.L) and WisdomTree Coffee (COFF.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 | COFF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.46 | +2.30 |
| Martin ratioReturn relative to average drawdown | 4.94 | -0.92 | +5.86 |
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 | COFF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | -0.48 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.55 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.17 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.02 | +0.63 |
Drawdowns
GBSS.L vs. COFF.L - Drawdown Comparison
The maximum GBSS.L drawdown since its inception was -42.08%, smaller than the maximum COFF.L drawdown of -84.41%. Use the drawdown chart below to compare losses from any high point for GBSS.L and COFF.L.
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Drawdown Indicators
| GBSS.L | COFF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -84.41% | +42.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -35.48% | +17.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -37.56% | +19.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -42.49% | +24.57% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -64.65% | +42.24% |
Current DrawdownCurrent decline from peak | -16.16% | -50.01% | +33.85% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -53.57% | +40.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 17.71% | -11.01% |
Volatility
GBSS.L vs. COFF.L - Volatility Comparison
The current volatility for Gold Bullion Securities (GBSS.L) is 5.05%, while WisdomTree Coffee (COFF.L) has a volatility of 8.60%. This indicates that GBSS.L experiences smaller price fluctuations and is considered to be less risky than COFF.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 | COFF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 8.60% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 19.82% | 21.58% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.96% | 34.18% | -11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 34.93% | -18.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 31.97% | -16.20% |
GBSS.L vs. COFF.L - Expense Ratio Comparison
GBSS.L has a 0.40% expense ratio, which is lower than COFF.L's 0.49% expense ratio.
Dividends
GBSS.L vs. COFF.L - Dividend Comparison
Neither GBSS.L nor COFF.L has paid dividends to shareholders.
Frequently Asked Questions
GBSS.L and COFF.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 COFF.L.
GBSS.L is categorized as Precious Metals, while COFF.L is Agricultural Commodities. GBSS.L tracks Gold, while COFF.L tracks Bloomberg Coffee. Their fees differ too: 0.40% for GBSS.L and 0.49% for COFF.L.
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