GLDW.L vs. GBSP.L
Compare and contrast key facts about WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L).
GLDW.L and GBSP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Nov 30, 2020. GBSP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold (GBP Hedged). It was launched on Mar 18, 2013. Both GLDW.L and GBSP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLDW.L vs. GBSP.L - Performance Comparison
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GLDW.L vs. GBSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLDW.L WisdomTree Core Physical Gold | 11.91% | 53.57% | 28.18% | 7.26% | 11.82% | 9.07% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 10.40% | 63.29% | 25.01% | 11.75% | -1.73% | 4.40% |
Returns By Period
In the year-to-date period, GLDW.L achieves a 11.91% return, which is significantly higher than GBSP.L's 10.40% return.
GLDW.L
- 1D
- 2.61%
- 1M
- -9.51%
- YTD
- 11.91%
- 6M
- 25.02%
- 1Y
- 47.78%
- 3Y*
- 30.70%
- 5Y*
- 23.30%
- 10Y*
- —
GBSP.L
- 1D
- 3.48%
- 1M
- -10.08%
- YTD
- 10.40%
- 6M
- 22.85%
- 1Y
- 50.71%
- 3Y*
- 32.60%
- 5Y*
- 20.94%
- 10Y*
- 12.17%
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GLDW.L vs. GBSP.L - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than GBSP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GLDW.L vs. GBSP.L — Risk / Return Rank
GLDW.L
GBSP.L
GLDW.L vs. GBSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.93 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.40 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.90 | -0.18 |
Martin ratioReturn relative to average drawdown | 11.39 | 10.97 | +0.42 |
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 | GBSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.93 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 1.23 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 0.42 | +1.04 |
Correlation
The correlation between GLDW.L and GBSP.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GLDW.L vs. GBSP.L - Dividend Comparison
Neither GLDW.L nor GBSP.L has paid dividends to shareholders.
Drawdowns
GLDW.L vs. GBSP.L - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -17.86%, smaller than the maximum GBSP.L drawdown of -37.30%. Use the drawdown chart below to compare losses from any high point for GLDW.L and GBSP.L.
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Drawdown Indicators
| GLDW.L | GBSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -37.30% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.86% | -17.53% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | -22.05% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.99% | — |
Current DrawdownCurrent decline from peak | -9.51% | -10.08% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -17.58% | +14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 4.63% | -0.37% |
Volatility
GLDW.L vs. GBSP.L - Volatility Comparison
WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) have volatilities of 11.62% and 11.69%, 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 | GBSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.62% | 11.69% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 22.25% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.16% | 26.14% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 17.00% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 15.44% | +0.49% |