PHAU.AS vs. IS3S.DE
PHAU.AS (WisdomTree Physical Gold UCITS ETC) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - PHAU.AS is a Gold fund tracking the LBMA Gold Price PM, while IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value. Both are passively managed. Over the past 10 years, PHAU.AS returned 12.91%/yr vs 12.60%/yr for IS3S.DE. At a 0.01 correlation, their price movements are largely independent. PHAU.AS charges 0.39%/yr vs 0.30%/yr for IS3S.DE.
Performance
PHAU.AS vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PHAU.AS achieves a 4.61% return, which is significantly lower than IS3S.DE's 35.27% return. Both investments have delivered pretty close results over the past 10 years, with PHAU.AS having a 12.91% annualized return and IS3S.DE not far behind at 12.60%.
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%
IS3S.DE
- 1D
- -0.83%
- 1M
- 12.66%
- YTD
- 35.27%
- 6M
- 38.56%
- 1Y
- 63.43%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
PHAU.AS vs. IS3S.DE - 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% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
Correlation
The correlation between PHAU.AS and IS3S.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.01 |
The correlation between PHAU.AS and IS3S.DE shifts across timeframes, from -0.01 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHAU.AS vs. IS3S.DE — Risk / Return Rank
PHAU.AS
IS3S.DE
PHAU.AS vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold UCITS ETC (PHAU.AS) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| PHAU.AS | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.83 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 10.36 | -8.60 |
| Martin ratioReturn relative to average drawdown | 4.43 | 39.01 | -34.58 |
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 | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 4.53 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 1.24 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.79 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.68 | -0.02 |
Drawdowns
PHAU.AS vs. IS3S.DE - Drawdown Comparison
The maximum PHAU.AS drawdown since its inception was -37.19%, which is greater than IS3S.DE's maximum drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for PHAU.AS and IS3S.DE.
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Drawdown Indicators
| PHAU.AS | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.19% | -35.18% | -2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.74% | -6.09% | -10.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -17.80% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.74% | -17.80% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -35.18% | +16.59% |
Current DrawdownCurrent decline from peak | -15.26% | -0.83% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -5.82% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.62% | +5.04% |
Volatility
PHAU.AS vs. IS3S.DE - Volatility Comparison
The current volatility for WisdomTree Physical Gold UCITS ETC (PHAU.AS) is 5.17%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that PHAU.AS experiences smaller price fluctuations and is considered to be less risky than IS3S.DE 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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 5.62% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 11.32% | +8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 13.93% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 13.85% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 15.76% | -1.47% |
PHAU.AS vs. IS3S.DE - Expense Ratio Comparison
PHAU.AS has a 0.39% expense ratio, which is higher than IS3S.DE's 0.30% expense ratio.
Dividends
PHAU.AS vs. IS3S.DE - Dividend Comparison
Neither PHAU.AS nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
PHAU.AS and IS3S.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3S.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3S.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for PHAU.AS.
PHAU.AS is categorized as Gold, while IS3S.DE is Global Equities. PHAU.AS tracks LBMA Gold Price PM, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.39% for PHAU.AS and 0.30% for IS3S.DE.
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