GLDW.L vs. ISP6.L
GLDW.L (WisdomTree Core Physical Gold) and ISP6.L (iShares S&P SmallCap 600 UCITS ETF) are both exchange-traded funds - GLDW.L is a Gold fund tracking the Gold, while ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD. Both are passively managed. Over the past 5 years, GLDW.L returned 18.76%/yr vs 7.30%/yr for ISP6.L. At a correlation of -0.03, they often move in opposite directions. GLDW.L charges 0.12%/yr vs 0.40%/yr for ISP6.L.
Performance
GLDW.L vs. ISP6.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW.L achieves a -4.94% return, which is significantly lower than ISP6.L's 22.95% return.
GLDW.L
- 1D
- 0.01%
- 1M
- -9.18%
- YTD
- -4.94%
- 6M
- -8.54%
- 1Y
- 24.63%
- 3Y*
- 26.04%
- 5Y*
- 18.76%
- 10Y*
- —
ISP6.L
- 1D
- 0.46%
- 1M
- 7.62%
- YTD
- 22.95%
- 6M
- 22.42%
- 1Y
- 40.59%
- 3Y*
- 14.90%
- 5Y*
- 7.30%
- 10Y*
- 11.36%
GLDW.L vs. ISP6.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDW.L WisdomTree Core Physical Gold | -4.94% | 53.57% | 28.18% | 7.26% | 11.82% | 7,024.45% | 7.28% |
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 22.95% | -0.91% | 8.76% | 10.98% | -6.72% | 27.86% | 3.31% |
Correlation
The correlation between GLDW.L and ISP6.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2020 | -0.03 |
The correlation between GLDW.L and ISP6.L shifts across timeframes, from -0.03 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDW.L vs. ISP6.L — Risk / Return Rank
GLDW.L
ISP6.L
GLDW.L vs. ISP6.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and iShares S&P SmallCap 600 UCITS ETF (ISP6.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLDW.L | ISP6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 6.26 | -5.20 |
| Martin ratioReturn relative to average drawdown | 2.98 | 19.49 | -16.51 |
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Drawdowns
GLDW.L vs. ISP6.L - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -23.14%, smaller than the maximum ISP6.L drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for GLDW.L and ISP6.L.
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Drawdown Indicators
| GLDW.L | ISP6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.14% | -66.35% | +43.21% |
Max Drawdown (1Y)Largest decline over 1 year | -23.14% | -6.45% | -16.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -30.26% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.14% | -30.26% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.08% | — |
Current DrawdownCurrent decline from peak | -23.13% | 0.00% | -23.13% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -15.53% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.24% | 2.08% | +6.16% |
Volatility
GLDW.L vs. ISP6.L - Volatility Comparison
WisdomTree Core Physical Gold (GLDW.L) has a higher volatility of 8.05% compared to iShares S&P SmallCap 600 UCITS ETF (ISP6.L) at 3.76%. This indicates that GLDW.L's price experiences larger fluctuations and is considered to be riskier than ISP6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDW.L | ISP6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 3.76% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.97% | 10.68% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 15.46% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.75% | 19.11% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,005.26% | 20.40% | +2,984.86% |
GLDW.L vs. ISP6.L - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than ISP6.L's 0.40% expense ratio.
Dividends
GLDW.L vs. ISP6.L - Dividend Comparison
GLDW.L has not paid dividends to shareholders, while ISP6.L's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDW.L WisdomTree Core Physical Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISP6.L iShares S&P SmallCap 600 UCITS ETF | 0.96% | 1.22% | 1.15% | 1.08% | 1.00% | 0.65% | 0.94% | 0.97% | 0.96% | 0.78% | 0.77% | 0.53% |
Frequently Asked Questions
GLDW.L and ISP6.L have a correlation of 0.11, 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 0.40% for ISP6.L.
GLDW.L is categorized as Gold, while ISP6.L is Small Cap Blend Equities. GLDW.L tracks Gold, while ISP6.L tracks Russell 2000 TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.12% for GLDW.L and 0.40% for ISP6.L.
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