NBPE.L vs. SGBX.L

Last updated Jun 6, 2026

NBPE.L (NB Private Equity Partners Ltd) is a stock, while SGBX.L (WisdomTree Physical Swiss Gold) is Precious Metals fund tracking the Gold. Over the past 10 years, NBPE.L returned 70.56%/yr vs 9.89%/yr for SGBX.L. At a 0.00 correlation, their price movements are largely independent.

Performance

NBPE.L vs. SGBX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in NB Private Equity Partners Ltd (NBPE.L) and WisdomTree Physical Swiss Gold (SGBX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBPE.L achieves a -7.71% return, which is significantly lower than SGBX.L's 1.46% return. Over the past 10 years, NBPE.L has outperformed SGBX.L with an annualized return of 70.56%, while SGBX.L has yielded a comparatively lower 9.89% annualized return.

NBPE.L

• 1D: -0.14%
• 1M: 4.73%
• YTD: -7.71%
• 6M: -3.29%
• 1Y: 6.47%
• 3Y*: 2.03%
• 5Y*: 6.18%
• 10Y*: 70.56%

SGBX.L

• 1D: -2.31%
• 1M: -5.79%
• YTD: 1.46%
• 6M: 2.61%
• 1Y: 31.21%
• 3Y*: 27.01%
• 5Y*: 19.28%
• 10Y*: 9.89%

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

NBPE.L vs. SGBX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBPE.L NB Private Equity Partners Ltd	-7.71%	7.25%	-1.16%	9.48%	-9.53%	65.05%	0.43%	26.29%	-0.36%	8,734.34%
SGBX.L WisdomTree Physical Swiss Gold	1.46%	53.55%	28.13%	7.24%	11.79%	-2.88%	20.00%	14.67%	4.35%	-17.43%

Correlation

The correlation between NBPE.L and SGBX.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	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 17, 2009	0.00

Return for Risk

NBPE.L vs. SGBX.L — Risk / Return Rank

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

NBPE.L

NBPE.L Risk / Return Rank: 50
NBPE.L Sharpe Ratio Rank: 54
NBPE.L Sortino Ratio Rank: 47
NBPE.L Omega Ratio Rank: 45
NBPE.L Calmar Ratio Rank: 51
NBPE.L Martin Ratio Rank: 52

SGBX.L

SGBX.L Risk / Return Rank: 39
SGBX.L Sharpe Ratio Rank: 41
SGBX.L Sortino Ratio Rank: 37
SGBX.L Omega Ratio Rank: 46
SGBX.L Calmar Ratio Rank: 38
SGBX.L Martin Ratio Rank: 33

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.

NBPE.L vs. SGBX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NB Private Equity Partners Ltd (NBPE.L) and WisdomTree Physical Swiss Gold (SGBX.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.

	NBPE.L	SGBX.L	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.34	-0.99
Sortino ratio: Return per unit of downside risk	0.64	1.76	-1.12
Omega ratio: Gain probability vs. loss probability	1.08	1.27	-0.19
Calmar ratio: Return relative to maximum drawdown	0.35	1.71	-1.36
Martin ratio: Return relative to average drawdown	0.85	4.54	-3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBPE.L vs. SGBX.L - Sharpe Ratio Comparison

The current NBPE.L Sharpe Ratio is 0.35, which is lower than the SGBX.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of NBPE.L and SGBX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBPE.L	SGBX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	1.34	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.89	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.51	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.34	-0.33

Drawdowns

NBPE.L vs. SGBX.L - Drawdown Comparison

The maximum NBPE.L drawdown since its inception was -99.15%, which is greater than SGBX.L's maximum drawdown of -53.66%. Use the drawdown chart below to compare losses from any high point for NBPE.L and SGBX.L.

Drawdown Indicators

	NBPE.L	SGBX.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.15%	-53.66%	-45.49%
Max Drawdown (1Y) Largest decline over 1 year	-18.40%	-18.19%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	-20.24%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-31.30%	-20.24%	-11.06%
Max Drawdown (10Y) Largest decline over 10 years	-56.76%	-34.50%	-22.26%
Current Drawdown Current decline from peak	-10.12%	-18.19%	+8.07%
Average Drawdown Average peak-to-trough decline	-45.82%	-25.44%	-20.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.57%	6.86%	+0.71%

Volatility

NBPE.L vs. SGBX.L - Volatility Comparison

NB Private Equity Partners Ltd (NBPE.L) has a higher volatility of 5.21% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 4.96%. This indicates that NBPE.L's price experiences larger fluctuations and is considered to be riskier than SGBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBPE.L	SGBX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.96%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	20.03%	-5.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	23.25%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	21.65%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,434.51%	19.19%	+2,415.32%

Dividends

NBPE.L vs. SGBX.L - Dividend Comparison

NBPE.L's dividend yield for the trailing twelve months is around 4.75%, while SGBX.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBPE.L NB Private Equity Partners Ltd	4.75%	4.28%	4.53%	4.53%	4.67%	2.82%	3.82%	4.21%	3.92%	1.83%
SGBX.L WisdomTree Physical Swiss Gold	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBPE.L and SGBX.L in my portfolio?

NBPE.L and SGBX.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.