GLDW.L vs. AIGI.L
GLDW.L (WisdomTree Core Physical Gold) and AIGI.L (WisdomTree Industrial Metals) are both exchange-traded funds - GLDW.L is a Precious Metals fund tracking the Gold, while AIGI.L is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. Over the past 5 years, GLDW.L returned 19.87%/yr vs 6.97%/yr for AIGI.L. At a 0.22 correlation, their price movements are largely independent. GLDW.L charges 0.12%/yr vs 0.49%/yr for AIGI.L.
Performance
GLDW.L vs. AIGI.L - Performance Comparison
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Different Trading Currencies
GLDW.L is traded in GBp, while AIGI.L is traded in USD. To make them comparable, the AIGI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDW.L achieves a 3.96% return, which is significantly lower than AIGI.L's 16.29% return.
GLDW.L
- 1D
- 0.63%
- 1M
- -1.34%
- YTD
- 3.96%
- 6M
- 5.38%
- 1Y
- 33.68%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- —
AIGI.L
- 1D
- -0.40%
- 1M
- 5.42%
- YTD
- 16.29%
- 6M
- 20.70%
- 1Y
- 34.21%
- 3Y*
- 10.48%
- 5Y*
- 6.97%
- 10Y*
- 9.20%
GLDW.L vs. AIGI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLDW.L WisdomTree Core Physical Gold | 3.96% | 53.57% | 28.18% | 7.26% | 11.82% | 9.07% |
AIGI.L WisdomTree Industrial Metals | 16.29% | 10.93% | 4.87% | -16.19% | 8.63% | 20.80% |
Correlation
The correlation between GLDW.L and AIGI.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.22 |
The correlation between GLDW.L and AIGI.L shifts across timeframes, from 0.22 (5 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDW.L vs. AIGI.L — Risk / Return Rank
GLDW.L
AIGI.L
GLDW.L vs. AIGI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Industrial Metals (AIGI.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.
| GLDW.L | AIGI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.94 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.05 | 7.43 | -2.37 |
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
| GLDW.L | AIGI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.79 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.33 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.06 | +1.24 |
Drawdowns
GLDW.L vs. AIGI.L - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -17.86%, smaller than the maximum AIGI.L drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for GLDW.L and AIGI.L.
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Drawdown Indicators
| GLDW.L | AIGI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -58.76% | +40.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.86% | -11.58% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -21.41% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | -39.80% | +21.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.80% | — |
Current DrawdownCurrent decline from peak | -15.93% | -13.34% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -29.71% | +26.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 4.59% | +2.06% |
Volatility
GLDW.L vs. AIGI.L - Volatility Comparison
WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Industrial Metals (AIGI.L) have volatilities of 5.09% and 5.08%, 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.
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Volatility by Period
| GLDW.L | AIGI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 5.08% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 13.27% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 19.03% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 21.01% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 19.44% | -3.50% |
GLDW.L vs. AIGI.L - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than AIGI.L's 0.49% expense ratio.
Dividends
GLDW.L vs. AIGI.L - Dividend Comparison
Neither GLDW.L nor AIGI.L has paid dividends to shareholders.
Frequently Asked Questions
GLDW.L and AIGI.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.49% for AIGI.L.
GLDW.L is categorized as Precious Metals, while AIGI.L is Metals. GLDW.L tracks Gold, while AIGI.L tracks Bloomberg Industrial Metals. Their fees differ too: 0.12% for GLDW.L and 0.49% for AIGI.L.
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