GLDW.L vs. GGRA.L
GLDW.L (WisdomTree Core Physical Gold) and GGRA.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc) are both exchange-traded funds - GLDW.L is a Precious Metals fund tracking the Gold, while GGRA.L is a Global Equity Income fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, GLDW.L returned 19.87%/yr vs 9.19%/yr for GGRA.L. At a 0.00 correlation, their price movements are largely independent. GLDW.L charges 0.12%/yr vs 0.38%/yr for GGRA.L.
Performance
GLDW.L vs. GGRA.L - Performance Comparison
Loading charts...
Different Trading Currencies
GLDW.L is traded in GBp, while GGRA.L is traded in USD. To make them comparable, the GGRA.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 GGRA.L's 5.55% 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*
- —
GGRA.L
- 1D
- 0.16%
- 1M
- 4.41%
- YTD
- 5.55%
- 6M
- 5.47%
- 1Y
- 17.54%
- 3Y*
- 10.56%
- 5Y*
- 9.19%
- 10Y*
- —
GLDW.L vs. GGRA.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% |
GGRA.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc | 5.55% | 7.92% | 10.84% | 12.48% | -3.38% | 20.23% |
Correlation
The correlation between GLDW.L and GGRA.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.00 |
The correlation between GLDW.L and GGRA.L shifts across timeframes, from -0.00 (5 years) to 0.13 (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
GLDW.L vs. GGRA.L — Risk / Return Rank
GLDW.L
GGRA.L
GLDW.L vs. GGRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.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 | GGRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.13 | -0.25 |
| Martin ratioReturn relative to average drawdown | 5.05 | 7.84 | -2.78 |
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
| GLDW.L | GGRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.47 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.68 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.86 | +0.45 |
Drawdowns
GLDW.L vs. GGRA.L - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -17.86%, smaller than the maximum GGRA.L drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for GLDW.L and GGRA.L.
Loading charts...
Drawdown Indicators
| GLDW.L | GGRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -22.65% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -17.86% | -8.21% | -9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -16.72% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | -16.72% | -1.14% |
Current DrawdownCurrent decline from peak | -15.93% | 0.00% | -15.93% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -2.99% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 2.23% | +4.42% |
Volatility
GLDW.L vs. GGRA.L - Volatility Comparison
WisdomTree Core Physical Gold (GLDW.L) has a higher volatility of 5.09% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.L) at 3.71%. This indicates that GLDW.L's price experiences larger fluctuations and is considered to be riskier than GGRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLDW.L | GGRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 3.71% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 9.70% | +10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 11.88% | +11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 13.43% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 14.63% | +1.31% |
GLDW.L vs. GGRA.L - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than GGRA.L's 0.38% expense ratio.
Dividends
GLDW.L vs. GGRA.L - Dividend Comparison
Neither GLDW.L nor GGRA.L has paid dividends to shareholders.
Frequently Asked Questions
GLDW.L and GGRA.L have a correlation of 0.13, 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 0.38% for GGRA.L.
GLDW.L is categorized as Precious Metals, while GGRA.L is Global Equity Income. GLDW.L tracks Gold, while GGRA.L tracks WisdomTree Global Developed Quality Dividend Growth. Their fees differ too: 0.12% for GLDW.L and 0.38% for GGRA.L.
Find the right allocation for GLDW.L and GGRA.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