KLWD.L vs. GBSP.L

Last updated Apr 3, 2026

Compare and contrast key facts about WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L).

KLWD.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. KLWD.L is a passively managed fund by WisdomTree that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Sep 6, 2019. 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 KLWD.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

KLWD.L vs. GBSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L). The values are adjusted to include any dividend payments, if applicable.

KLWD.L vs. GBSP.L - Yearly Performance Comparison

	2026 (YTD)	2025
KLWD.L WisdomTree Cloud Computing UCITS ETF - USD Acc	-19.99%	8.16%
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged	7.95%	28.56%

Returns By Period

In the year-to-date period, KLWD.L achieves a -19.99% return, which is significantly lower than GBSP.L's 7.95% return.

KLWD.L

• 1D: 0.91%
• 1M: 0.71%
• YTD: -19.99%
• 6M: -19.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBSP.L

• 1D: -2.22%
• 1M: -8.74%
• YTD: 7.95%
• 6M: 21.02%
• 1Y: 47.44%
• 3Y*: 31.38%
• 5Y*: 20.40%
• 10Y*: 12.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLWD.L vs. GBSP.L - Expense Ratio Comparison

KLWD.L has a 0.40% expense ratio, which is higher than GBSP.L's 0.25% expense ratio.

KLWD.L

WisdomTree Cloud Computing UCITS ETF - USD Acc

GBSP.L

WisdomTree Physical Gold - GBP Daily Hedged

Return for Risk

KLWD.L vs. GBSP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBSP.L

GBSP.L Risk / Return Rank: 82
GBSP.L Sharpe Ratio Rank: 85
GBSP.L Sortino Ratio Rank: 82
GBSP.L Omega Ratio Rank: 80
GBSP.L Calmar Ratio Rank: 82
GBSP.L Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLWD.L vs. GBSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KLWD.L	GBSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	0.41	-0.91

Correlation

The correlation between KLWD.L and GBSP.L is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

KLWD.L vs. GBSP.L - Dividend Comparison

Neither KLWD.L nor GBSP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

KLWD.L vs. GBSP.L - Drawdown Comparison

The maximum KLWD.L drawdown since its inception was -31.72%, smaller than the maximum GBSP.L drawdown of -37.30%. Use the drawdown chart below to compare losses from any high point for KLWD.L and GBSP.L.

Drawdown Indicators

	KLWD.L	GBSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-37.30%	+5.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.99%	—
Current Drawdown Current decline from peak	-24.27%	-12.08%	-12.19%
Average Drawdown Average peak-to-trough decline	-9.00%	-17.58%	+8.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.68%	—

Volatility

Volatility by Period

	KLWD.L	GBSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.48%	26.25%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.48%	17.03%	+11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.48%	15.46%	+13.02%