GOLB.L vs. WGLD.DE
GOLB.L (Market Access NYSE Arca Gold Bugs UCITS ETF) and WGLD.DE (WisdomTree Core Physical Gold) are both Precious Metals funds - GOLB.L tracks the EMIX Global Mining Global Gold TR USD while WGLD.DE tracks the Gold. Both are passively managed. Over the past 5 years, GOLB.L returned 20.34%/yr vs 19.87%/yr for WGLD.DE. A 0.64 correlation means they provide meaningful diversification when combined. GOLB.L charges 0.65%/yr vs 0.12%/yr for WGLD.DE.
Performance
GOLB.L vs. WGLD.DE - Performance Comparison
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Different Trading Currencies
GOLB.L is traded in GBP, while WGLD.DE is traded in EUR. To make them comparable, the WGLD.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOLB.L achieves a 5.89% return, which is significantly higher than WGLD.DE's 1.90% return.
GOLB.L
- 1D
- 1.00%
- 1M
- -4.70%
- YTD
- 5.89%
- 6M
- 9.71%
- 1Y
- 72.65%
- 3Y*
- 40.72%
- 5Y*
- 20.34%
- 10Y*
- 16.54%
WGLD.DE
- 1D
- 0.67%
- 1M
- -3.55%
- YTD
- 1.90%
- 6M
- 5.15%
- 1Y
- 34.52%
- 3Y*
- 28.20%
- 5Y*
- 19.87%
- 10Y*
- —
GOLB.L vs. WGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLB.L Market Access NYSE Arca Gold Bugs UCITS ETF | 5.89% | 138.45% | 14.05% | 0.34% | 1.34% | -3.78% |
WGLD.DE WisdomTree Core Physical Gold | 1.90% | 56.84% | 28.32% | 7.21% | 12.93% | 7.20% |
Correlation
The correlation between GOLB.L and WGLD.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.64 |
The correlation between GOLB.L and WGLD.DE shifts across timeframes, from 0.64 (5 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOLB.L vs. WGLD.DE — Risk / Return Rank
GOLB.L
WGLD.DE
GOLB.L vs. WGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and WisdomTree Core Physical Gold (WGLD.DE). 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.
| GOLB.L | WGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.93 | +0.71 |
| Martin ratioReturn relative to average drawdown | 6.72 | 5.10 | +1.62 |
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
| GOLB.L | WGLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.45 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.21 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.27 | -1.12 |
Drawdowns
GOLB.L vs. WGLD.DE - Drawdown Comparison
The maximum GOLB.L drawdown since its inception was -84.29%, which is greater than WGLD.DE's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for GOLB.L and WGLD.DE.
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Drawdown Indicators
| GOLB.L | WGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.29% | -17.31% | -66.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -17.31% | -10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -28.11% | -17.31% | -10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -17.31% | -20.29% |
Max Drawdown (10Y)Largest decline over 10 years | -44.07% | — | — |
Current DrawdownCurrent decline from peak | -23.56% | -15.68% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -49.39% | -3.69% | -45.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.08% | 6.58% | +4.50% |
Volatility
GOLB.L vs. WGLD.DE - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) has a higher volatility of 14.80% compared to WisdomTree Core Physical Gold (WGLD.DE) at 5.05%. This indicates that GOLB.L's price experiences larger fluctuations and is considered to be riskier than WGLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLB.L | WGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.80% | 5.05% | +9.75% |
Volatility (6M)Calculated over the trailing 6-month period | 33.10% | 20.07% | +13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.89% | 23.17% | +18.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.81% | 16.25% | +17.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.39% | 16.11% | +18.28% |
GOLB.L vs. WGLD.DE - Expense Ratio Comparison
GOLB.L has a 0.65% expense ratio, which is higher than WGLD.DE's 0.12% expense ratio.
Dividends
GOLB.L vs. WGLD.DE - Dividend Comparison
Neither GOLB.L nor WGLD.DE has paid dividends to shareholders.
Frequently Asked Questions
GOLB.L and WGLD.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for GOLB.L.
GOLB.L tracks EMIX Global Mining Global Gold TR USD, while WGLD.DE tracks Gold. They also come from different issuers: China Post Global and WisdomTree. Their fees differ too: 0.65% for GOLB.L and 0.12% for WGLD.DE.
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