PHGP.L vs. XDWE.L
PHGP.L (WisdomTree Physical Gold) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - PHGP.L is a Gold fund tracking the Gold, while XDWE.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, PHGP.L returned 11.33%/yr vs 12.34%/yr for XDWE.L. At a 0.05 correlation, their price movements are largely independent. PHGP.L charges 0.39%/yr vs 0.20%/yr for XDWE.L.
Performance
PHGP.L vs. XDWE.L - Performance Comparison
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Returns By Period
In the year-to-date period, PHGP.L achieves a -5.03% return, which is significantly lower than XDWE.L's 12.77% return. Over the past 10 years, PHGP.L has underperformed XDWE.L with an annualized return of 11.33%, while XDWE.L has yielded a comparatively higher 12.34% annualized return.
PHGP.L
- 1D
- 0.03%
- 1M
- -9.13%
- YTD
- -5.03%
- 6M
- -8.59%
- 1Y
- 24.34%
- 3Y*
- 25.71%
- 5Y*
- 18.45%
- 10Y*
- 11.33%
XDWE.L
- 1D
- 0.08%
- 1M
- 4.41%
- YTD
- 12.77%
- 6M
- 13.15%
- 1Y
- 24.09%
- 3Y*
- 13.57%
- 5Y*
- 9.66%
- 10Y*
- 12.34%
PHGP.L vs. XDWE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHGP.L WisdomTree Physical Gold | -5.03% | 53.14% | 27.85% | 6.97% | 11.52% | -3.11% | 19.74% | 14.47% | 4.18% | 1.55% |
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 12.77% | 3.94% | 14.06% | 7.78% | -1.34% | 31.37% | 7.89% | 23.88% | -3.60% | 7.83% |
Correlation
The correlation between PHGP.L and XDWE.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.05 |
The correlation between PHGP.L and XDWE.L shifts across timeframes, from 0.02 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHGP.L vs. XDWE.L — Risk / Return Rank
PHGP.L
XDWE.L
PHGP.L vs. XDWE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold (PHGP.L) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHGP.L | XDWE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.25 | -3.21 |
| Martin ratioReturn relative to average drawdown | 2.93 | 13.62 | -10.69 |
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Drawdowns
PHGP.L vs. XDWE.L - Drawdown Comparison
The maximum PHGP.L drawdown since its inception was -45.25%, smaller than the maximum XDWE.L drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for PHGP.L and XDWE.L.
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Drawdown Indicators
| PHGP.L | XDWE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.25% | -98.55% | +53.30% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -5.64% | -17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -19.89% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -19.89% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.24% | -31.08% | +7.84% |
Current DrawdownCurrent decline from peak | -23.22% | 0.00% | -23.22% |
Average DrawdownAverage peak-to-trough decline | -17.05% | -4.84% | -12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 1.77% | +6.52% |
Volatility
PHGP.L vs. XDWE.L - Volatility Comparison
WisdomTree Physical Gold (PHGP.L) has a higher volatility of 8.14% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.21%. This indicates that PHGP.L's price experiences larger fluctuations and is considered to be riskier than XDWE.L 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 | XDWE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 2.21% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 21.12% | 6.60% | +14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 9.70% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.85% | 19.53% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 18.63% | -0.26% |
PHGP.L vs. XDWE.L - Expense Ratio Comparison
PHGP.L has a 0.39% expense ratio, which is higher than XDWE.L's 0.20% expense ratio.
Dividends
PHGP.L vs. XDWE.L - Dividend Comparison
Neither PHGP.L nor XDWE.L has paid dividends to shareholders.
Frequently Asked Questions
PHGP.L and XDWE.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWE.L is cheaper with a 0.20% expense ratio, compared with 0.39% for PHGP.L.
PHGP.L is categorized as Gold, while XDWE.L is S&P 500. PHGP.L tracks Gold, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.39% for PHGP.L and 0.20% for XDWE.L.
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