GBSS.L vs. RGPM.NEO
GBSS.L (Gold Bullion Securities) and RGPM.NEO (RBC Global Precious Metals Fund) are both Precious Metals funds. GBSS.L is passively managed, while RGPM.NEO is actively managed. Over the past 3 years, GBSS.L returned 27.74%/yr vs 40.61%/yr for RGPM.NEO. At a 0.47 correlation, their price movements are largely independent. GBSS.L charges 0.40%/yr vs 1.02%/yr for RGPM.NEO.
Performance
GBSS.L vs. RGPM.NEO - Performance Comparison
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Different Trading Currencies
GBSS.L is traded in GBp, while RGPM.NEO is traded in CAD. To make them comparable, the RGPM.NEO 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 RGPM.NEO's 1.78% 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%
RGPM.NEO
- 1D
- 1.24%
- 1M
- 0.90%
- YTD
- 1.78%
- 6M
- 9.18%
- 1Y
- 61.46%
- 3Y*
- 40.61%
- 5Y*
- —
- 10Y*
- —
GBSS.L vs. RGPM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GBSS.L Gold Bullion Securities | 3.71% | 53.13% | 27.82% | 4.95% |
RGPM.NEO RBC Global Precious Metals Fund | 1.78% | 137.37% | 28.15% | -6.71% |
Correlation
The correlation between GBSS.L and RGPM.NEO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.47 |
The correlation between GBSS.L and RGPM.NEO shifts across timeframes, from 0.47 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBSS.L vs. RGPM.NEO — Risk / Return Rank
GBSS.L
RGPM.NEO
GBSS.L vs. RGPM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Bullion Securities (GBSS.L) and RBC Global Precious Metals Fund (RGPM.NEO). 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 | RGPM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.10 | -0.26 |
| Martin ratioReturn relative to average drawdown | 4.94 | 5.62 | -0.69 |
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 | RGPM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.45 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.19 | -0.53 |
Drawdowns
GBSS.L vs. RGPM.NEO - Drawdown Comparison
The maximum GBSS.L drawdown since its inception was -42.08%, which is greater than RGPM.NEO's maximum drawdown of -29.36%. Use the drawdown chart below to compare losses from any high point for GBSS.L and RGPM.NEO.
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Drawdown Indicators
| GBSS.L | RGPM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -29.36% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -17.92% | -29.36% | +11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -29.36% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | — | — |
Current DrawdownCurrent decline from peak | -16.16% | -24.16% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -8.79% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 10.96% | -4.26% |
Volatility
GBSS.L vs. RGPM.NEO - Volatility Comparison
The current volatility for Gold Bullion Securities (GBSS.L) is 5.05%, while RBC Global Precious Metals Fund (RGPM.NEO) has a volatility of 15.95%. This indicates that GBSS.L experiences smaller price fluctuations and is considered to be less risky than RGPM.NEO 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 | RGPM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 15.95% | -10.90% |
Volatility (6M)Calculated over the trailing 6-month period | 19.82% | 35.24% | -15.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.96% | 42.72% | -19.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 32.64% | -16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 32.64% | -16.87% |
GBSS.L vs. RGPM.NEO - Expense Ratio Comparison
GBSS.L has a 0.40% expense ratio, which is lower than RGPM.NEO's 1.02% expense ratio.
Dividends
GBSS.L vs. RGPM.NEO - Dividend Comparison
Neither GBSS.L nor RGPM.NEO has paid dividends to shareholders.
Frequently Asked Questions
GBSS.L and RGPM.NEO have a correlation of 0.67, 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 1.02% for RGPM.NEO.
They also come from different issuers: WisdomTree and RBC Global Asset Management.. Their fees differ too: 0.40% for GBSS.L and 1.02% for RGPM.NEO.
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