GLDA.L vs. GBSS.L
GLDA.L (Amundi Physical Gold ETC (C)) and GBSS.L (Gold Bullion Securities) are both Precious Metals funds tracking the Gold, from Amundi and WisdomTree respectively. Both are passively managed. Over the past 5 years, GLDA.L returned 19.92%/yr vs 19.36%/yr for GBSS.L. Their correlation of 0.84 suggests significant overlap in exposure. GLDA.L charges 0.12%/yr vs 0.40%/yr for GBSS.L.
Performance
GLDA.L vs. GBSS.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with GLDA.L having a 3.18% return and GBSS.L slightly lower at 3.09%.
GLDA.L
- 1D
- -1.21%
- 1M
- -2.91%
- YTD
- 3.18%
- 6M
- 4.27%
- 1Y
- 33.20%
- 3Y*
- 27.70%
- 5Y*
- 19.92%
- 10Y*
- —
GBSS.L
- 1D
- -1.16%
- 1M
- -2.90%
- YTD
- 3.09%
- 6M
- 4.31%
- 1Y
- 32.90%
- 3Y*
- 27.55%
- 5Y*
- 19.36%
- 10Y*
- 14.02%
GLDA.L vs. GBSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDA.L Amundi Physical Gold ETC (C) | 3.18% | 53.56% | 28.19% | 7.26% | 12.68% | -3.12% | -2.69% |
GBSS.L Gold Bullion Securities | 3.09% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | -2.35% |
Correlation
The correlation between GLDA.L and GBSS.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.84 |
The correlation between GLDA.L and GBSS.L shifts across timeframes, from 0.84 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDA.L vs. GBSS.L — Risk / Return Rank
GLDA.L
GBSS.L
GLDA.L vs. GBSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.L) and Gold Bullion Securities (GBSS.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.
| GLDA.L | GBSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.83 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.02 | 4.96 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLDA.L | GBSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.43 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 1.20 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.65 | +0.40 |
Drawdowns
GLDA.L vs. GBSS.L - Drawdown Comparison
The maximum GLDA.L drawdown since its inception was -21.57%, smaller than the maximum GBSS.L drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for GLDA.L and GBSS.L.
Loading charts...
Drawdown Indicators
| GLDA.L | GBSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -42.08% | +20.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -17.92% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -17.92% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -17.92% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.41% | — |
Current DrawdownCurrent decline from peak | -16.61% | -16.67% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -13.55% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 6.62% | -0.03% |
Volatility
GLDA.L vs. GBSS.L - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.L) and Gold Bullion Securities (GBSS.L) have volatilities of 5.18% and 5.06%, 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.
Loading charts...
Volatility by Period
| GLDA.L | GBSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.06% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.40% | 19.83% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.46% | 22.97% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.13% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 15.77% | +2.25% |
GLDA.L vs. GBSS.L - Expense Ratio Comparison
GLDA.L has a 0.12% expense ratio, which is lower than GBSS.L's 0.40% expense ratio.
Dividends
GLDA.L vs. GBSS.L - Dividend Comparison
Neither GLDA.L nor GBSS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, GLDA.L and GBSS.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, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.40% for GBSS.L.
Both ETFs track Gold. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.12% for GLDA.L and 0.40% for GBSS.L.
Find the right allocation for GLDA.L and GBSS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer