GLDA.L vs. GLDW.L
GLDA.L (Amundi Physical Gold ETC (C)) and GLDW.L (WisdomTree Core Physical Gold) 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 19.72%/yr for GLDW.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
GLDA.L vs. GLDW.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with GLDA.L having a 3.18% return and GLDW.L slightly higher at 3.31%.
GLDA.L
- 1D
- -1.21%
- 1M
- -2.91%
- YTD
- 3.18%
- 6M
- 4.27%
- 1Y
- 33.20%
- 3Y*
- 27.70%
- 5Y*
- 19.92%
- 10Y*
- —
GLDW.L
- 1D
- -1.07%
- 1M
- -2.78%
- YTD
- 3.31%
- 6M
- 4.57%
- 1Y
- 33.37%
- 3Y*
- 27.95%
- 5Y*
- 19.72%
- 10Y*
- —
GLDA.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLDA.L Amundi Physical Gold ETC (C) | 3.18% | 53.56% | 28.19% | 7.26% | 12.68% | 8.31% |
GLDW.L WisdomTree Core Physical Gold | 3.31% | 53.57% | 28.18% | 7.26% | 11.82% | 9.07% |
Correlation
The correlation between GLDA.L and GLDW.L is 1.00 - 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 | 1.00 |
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 Mar 16, 2021 | 0.87 |
The correlation between GLDA.L and GLDW.L shifts across timeframes, from 0.87 (all time) to 1.00 (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. GLDW.L — Risk / Return Rank
GLDA.L
GLDW.L
GLDA.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.L) and WisdomTree Core Physical Gold (GLDW.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 | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.86 | -0.01 |
| Martin ratioReturn relative to average drawdown | 5.02 | 5.06 | -0.04 |
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 | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.45 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 1.23 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.29 | -0.24 |
Drawdowns
GLDA.L vs. GLDW.L - Drawdown Comparison
The maximum GLDA.L drawdown since its inception was -21.57%, which is greater than GLDW.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for GLDA.L and GLDW.L.
Loading charts...
Drawdown Indicators
| GLDA.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -17.86% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -17.86% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -17.86% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -17.86% | -0.04% |
Current DrawdownCurrent decline from peak | -16.61% | -16.46% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.57% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 6.57% | +0.02% |
Volatility
GLDA.L vs. GLDW.L - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.L) and WisdomTree Core Physical Gold (GLDW.L) have volatilities of 5.18% and 5.10%, 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 | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.10% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.40% | 19.81% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.46% | 22.96% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.09% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 15.95% | +2.07% |
GLDA.L vs. GLDW.L - Expense Ratio Comparison
Both GLDA.L and GLDW.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GLDA.L vs. GLDW.L - Dividend Comparison
Neither GLDA.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, GLDA.L and GLDW.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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L and GLDW.L have the same expense ratio: 0.12% per year.
Both ETFs track Gold. They also come from different issuers: Amundi and WisdomTree.
Find the right allocation for GLDA.L and GLDW.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