PHAU.AS vs. BTC-USD
PHAU.AS (WisdomTree Physical Gold UCITS ETC) is Gold fund tracking the LBMA Gold Price PM, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, PHAU.AS returned 12.91%/yr vs 59.35%/yr for BTC-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
PHAU.AS vs. BTC-USD - Performance Comparison
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Different Trading Currencies
PHAU.AS is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHAU.AS achieves a 4.61% return, which is significantly higher than BTC-USD's -26.78% return. Over the past 10 years, PHAU.AS has underperformed BTC-USD with an annualized return of 12.91%, while BTC-USD has yielded a comparatively higher 59.35% annualized return.
PHAU.AS
- 1D
- 0.56%
- 1M
- -1.68%
- YTD
- 4.61%
- 6M
- 6.21%
- 1Y
- 29.74%
- 3Y*
- 27.67%
- 5Y*
- 19.40%
- 10Y*
- 12.91%
BTC-USD
- 1D
- -1.22%
- 1M
- -21.18%
- YTD
- -26.78%
- 6M
- -31.03%
- 1Y
- -40.54%
- 3Y*
- 31.42%
- 5Y*
- 12.48%
- 10Y*
- 59.35%
PHAU.AS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHAU.AS WisdomTree Physical Gold UCITS ETC | 4.61% | 45.53% | 34.03% | 9.32% | 5.55% | 3.63% | 13.51% | 20.41% | 2.85% | -1.37% |
BTC-USD Bitcoin | -26.78% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -73.46% | 1,229.62% |
Correlation
The correlation between PHAU.AS and BTC-USD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.05 |
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Return for Risk
PHAU.AS vs. BTC-USD — Risk / Return Rank
PHAU.AS
BTC-USD
PHAU.AS vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold UCITS ETC (PHAU.AS) and Bitcoin (BTC-USD). 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.
| PHAU.AS | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.81 | +2.56 |
| Martin ratioReturn relative to average drawdown | 4.43 | -1.44 | +5.87 |
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
| PHAU.AS | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | -0.95 | +2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.23 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.88 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.13 | -0.47 |
Drawdowns
PHAU.AS vs. BTC-USD - Drawdown Comparison
The maximum PHAU.AS drawdown since its inception was -37.19%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for PHAU.AS and BTC-USD.
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Drawdown Indicators
| PHAU.AS | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -83.05% | +45.86% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -49.93% | +33.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -49.93% | +33.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.74% | -73.60% | +56.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -82.51% | +63.92% |
Current DrawdownCurrent decline from peak | -15.26% | -48.78% | +33.52% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -39.96% | +27.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 33.68% | -27.02% |
Volatility
PHAU.AS vs. BTC-USD - Volatility Comparison
The current volatility for WisdomTree Physical Gold UCITS ETC (PHAU.AS) is 5.17%, while Bitcoin (BTC-USD) has a volatility of 10.14%. This indicates that PHAU.AS experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHAU.AS | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 10.14% | -4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 34.46% | -14.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 35.39% | -12.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 45.05% | -29.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 55.99% | -41.70% |
Frequently Asked Questions
PHAU.AS and BTC-USD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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