PHGP.L vs. XGLD.L
PHGP.L (WisdomTree Physical Gold) and XGLD.L (Xtrackers Physical Gold ETC) are both Precious Metals funds tracking the Gold, from WisdomTree and Xtrackers respectively. Both are passively managed. Over the past 10 years, PHGP.L returned 14.02%/yr vs 14.17%/yr for XGLD.L. Their correlation of 0.90 suggests significant overlap in exposure. PHGP.L charges 0.39%/yr vs 0.25%/yr for XGLD.L.
Performance
PHGP.L vs. XGLD.L - Performance Comparison
Loading charts...
Different Trading Currencies
PHGP.L is traded in GBp, while XGLD.L is traded in USD. To make them comparable, the XGLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHGP.L achieves a 3.81% return, which is significantly lower than XGLD.L's 4.13% return. Both investments have delivered pretty close results over the past 10 years, with PHGP.L having a 14.02% annualized return and XGLD.L not far ahead at 14.17%.
PHGP.L
- 1D
- 0.71%
- 1M
- -1.41%
- YTD
- 3.81%
- 6M
- 5.28%
- 1Y
- 33.28%
- 3Y*
- 27.79%
- 5Y*
- 19.54%
- 10Y*
- 14.02%
XGLD.L
- 1D
- 0.61%
- 1M
- -1.45%
- YTD
- 4.13%
- 6M
- 5.18%
- 1Y
- 33.45%
- 3Y*
- 28.06%
- 5Y*
- 19.73%
- 10Y*
- 14.17%
PHGP.L vs. XGLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHGP.L WisdomTree Physical Gold | 3.81% | 53.14% | 27.85% | 6.97% | 11.52% | -3.11% | 19.74% | 14.47% | 4.18% | 1.55% |
XGLD.L Xtrackers Physical Gold ETC | 4.13% | 52.88% | 28.07% | 7.70% | 11.62% | -3.28% | 20.47% | 13.84% | 4.49% | 2.02% |
Correlation
The correlation between PHGP.L and XGLD.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2010 | 0.90 |
The correlation between PHGP.L and XGLD.L has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHGP.L vs. XGLD.L — Risk / Return Rank
PHGP.L
XGLD.L
PHGP.L vs. XGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold (PHGP.L) and Xtrackers Physical Gold ETC (XGLD.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.
| PHGP.L | XGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.82 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.96 | 4.96 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PHGP.L | XGLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.38 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.18 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.87 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.51 | +0.16 |
Drawdowns
PHGP.L vs. XGLD.L - Drawdown Comparison
The maximum PHGP.L drawdown since its inception was -42.06%, roughly equal to the maximum XGLD.L drawdown of -41.55%. Use the drawdown chart below to compare losses from any high point for PHGP.L and XGLD.L.
Loading charts...
Drawdown Indicators
| PHGP.L | XGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.06% | -41.55% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -18.25% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.49% | -18.25% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -18.25% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | -22.30% | -0.07% |
Current DrawdownCurrent decline from peak | -16.07% | -16.03% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -14.25% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 6.72% | -0.03% |
Volatility
PHGP.L vs. XGLD.L - Volatility Comparison
The current volatility for WisdomTree Physical Gold (PHGP.L) is 5.10%, while Xtrackers Physical Gold ETC (XGLD.L) has a volatility of 5.97%. This indicates that PHGP.L experiences smaller price fluctuations and is considered to be less risky than XGLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHGP.L | XGLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 5.97% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 21.24% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 24.10% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.68% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 16.32% | -0.52% |
PHGP.L vs. XGLD.L - Expense Ratio Comparison
PHGP.L has a 0.39% expense ratio, which is higher than XGLD.L's 0.25% expense ratio.
Dividends
PHGP.L vs. XGLD.L - Dividend Comparison
Neither PHGP.L nor XGLD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, PHGP.L and XGLD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGLD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGLD.L is cheaper with a 0.25% expense ratio, compared with 0.39% for PHGP.L.
Both ETFs track Gold. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.39% for PHGP.L and 0.25% for XGLD.L.
Find the right allocation for PHGP.L and XGLD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer