GLDW.L vs. SOYO.L
GLDW.L (WisdomTree Core Physical Gold) and SOYO.L (WisdomTree Soybean Oil) are both exchange-traded funds - GLDW.L is a Precious Metals fund tracking the Gold, while SOYO.L is a Agricultural Commodities fund tracking the Bloomberg Soybean Oil. Both are passively managed. Over the past 5 years, GLDW.L returned 19.87%/yr vs 7.81%/yr for SOYO.L. At a 0.10 correlation, their price movements are largely independent. GLDW.L charges 0.12%/yr vs 0.49%/yr for SOYO.L.
Performance
GLDW.L vs. SOYO.L - Performance Comparison
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Different Trading Currencies
GLDW.L is traded in GBp, while SOYO.L is traded in USD. To make them comparable, the SOYO.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 SOYO.L's 56.04% 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*
- —
SOYO.L
- 1D
- -3.45%
- 1M
- 0.65%
- YTD
- 56.04%
- 6M
- 46.60%
- 1Y
- 64.12%
- 3Y*
- 15.66%
- 5Y*
- 7.81%
- 10Y*
- 10.38%
GLDW.L vs. SOYO.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% |
SOYO.L WisdomTree Soybean Oil | 56.04% | 12.31% | -14.72% | -24.81% | 47.25% | 15.15% |
Correlation
The correlation between GLDW.L and SOYO.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.10 |
The correlation between GLDW.L and SOYO.L shifts across timeframes, from -0.05 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLDW.L vs. SOYO.L — Risk / Return Rank
GLDW.L
SOYO.L
GLDW.L vs. SOYO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and WisdomTree Soybean Oil (SOYO.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 | SOYO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 4.00 | -2.13 |
| Martin ratioReturn relative to average drawdown | 5.05 | 8.28 | -3.23 |
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 | SOYO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.51 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.26 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.15 | +1.15 |
Drawdowns
GLDW.L vs. SOYO.L - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -17.86%, smaller than the maximum SOYO.L drawdown of -71.10%. Use the drawdown chart below to compare losses from any high point for GLDW.L and SOYO.L.
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Drawdown Indicators
| GLDW.L | SOYO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -71.10% | +53.24% |
Max Drawdown (1Y)Largest decline over 1 year | -17.86% | -15.94% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -40.57% | +22.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | -50.82% | +32.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.82% | — |
Current DrawdownCurrent decline from peak | -15.93% | -5.51% | -10.42% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -43.95% | +40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 7.72% | -1.07% |
Volatility
GLDW.L vs. SOYO.L - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (GLDW.L) is 5.09%, while WisdomTree Soybean Oil (SOYO.L) has a volatility of 7.72%. This indicates that GLDW.L experiences smaller price fluctuations and is considered to be less risky than SOYO.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 | SOYO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 7.72% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 18.20% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 25.43% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 30.44% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 26.42% | -10.48% |
GLDW.L vs. SOYO.L - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than SOYO.L's 0.49% expense ratio.
Dividends
GLDW.L vs. SOYO.L - Dividend Comparison
Neither GLDW.L nor SOYO.L has paid dividends to shareholders.
Frequently Asked Questions
GLDW.L and SOYO.L have a correlation of -0.05, 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 SOYO.L.
GLDW.L is categorized as Precious Metals, while SOYO.L is Agricultural Commodities. GLDW.L tracks Gold, while SOYO.L tracks Bloomberg Soybean Oil. Their fees differ too: 0.12% for GLDW.L and 0.49% for SOYO.L.
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