PHGP.L vs. AAAU
Compare and contrast key facts about WisdomTree Physical Gold (PHGP.L) and Goldman Sachs Physical Gold ETF (AAAU).
PHGP.L and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHGP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Apr 24, 2007. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both PHGP.L and AAAU 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
PHGP.L vs. AAAU - Performance Comparison
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PHGP.L vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHGP.L WisdomTree Physical Gold | 11.98% | 53.14% | 27.85% | 6.97% | 11.52% | -3.11% | 19.74% | 14.47% | 8.02% |
AAAU Goldman Sachs Physical Gold ETF | 12.31% | 52.38% | 29.13% | 7.32% | 11.34% | -3.10% | 21.34% | 13.68% | 8.68% |
Different Trading Currencies
PHGP.L is traded in GBp, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with PHGP.L having a 11.98% return and AAAU slightly higher at 12.31%.
PHGP.L
- 1D
- 2.66%
- 1M
- -9.47%
- YTD
- 11.98%
- 6M
- 25.02%
- 1Y
- 47.74%
- 3Y*
- 30.40%
- 5Y*
- 22.99%
- 10Y*
- 14.97%
AAAU
- 1D
- 1.54%
- 1M
- -9.63%
- YTD
- 12.31%
- 6M
- 25.17%
- 1Y
- 48.70%
- 3Y*
- 30.80%
- 5Y*
- 23.32%
- 10Y*
- —
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PHGP.L vs. AAAU - Expense Ratio Comparison
PHGP.L has a 0.39% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Return for Risk
PHGP.L vs. AAAU — Risk / Return Rank
PHGP.L
AAAU
PHGP.L vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold (PHGP.L) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| PHGP.L | AAAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.91 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.36 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.72 | +0.04 |
Martin ratioReturn relative to average drawdown | 11.43 | 10.41 | +1.02 |
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
| PHGP.L | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.91 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.43 | 1.43 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.19 | -0.50 |
Correlation
The correlation between PHGP.L and AAAU is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PHGP.L vs. AAAU - Dividend Comparison
Neither PHGP.L nor AAAU has paid dividends to shareholders.
Drawdowns
PHGP.L vs. AAAU - Drawdown Comparison
The maximum PHGP.L drawdown since its inception was -42.06%, which is greater than AAAU's maximum drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for PHGP.L and AAAU.
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Drawdown Indicators
| PHGP.L | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.06% | -21.63% | -20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -19.13% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -20.94% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | — | — |
Current DrawdownCurrent decline from peak | -9.47% | -11.65% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -6.01% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 5.21% | -0.98% |
Volatility
PHGP.L vs. AAAU - Volatility Comparison
WisdomTree Physical Gold (PHGP.L) has a higher volatility of 11.35% compared to Goldman Sachs Physical Gold ETF (AAAU) at 10.75%. This indicates that PHGP.L's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHGP.L | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 10.75% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 21.04% | 23.00% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.18% | 25.64% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 16.41% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 16.24% | -0.47% |