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PHPP.L vs. MWMIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PHPP.L vs. MWMIX

Last updated Jun 12, 2026

PHPP.L (WisdomTree Physical Precious Metals) and MWMIX (VanEck Morningstar Wide Moat Fund) are both funds - PHPP.L is a Precious Metals fund tracking the Precious Metals Basket, while MWMIX is a Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, PHPP.L returned 10.65%/yr vs 7.43%/yr for MWMIX. At a 0.10 correlation, their price movements are largely independent. PHPP.L charges 0.44%/yr vs 0.59%/yr for MWMIX.

Performance

PHPP.L vs. MWMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Physical Precious Metals (PHPP.L) and VanEck Morningstar Wide Moat Fund (MWMIX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PHPP.L is traded in GBp, while MWMIX is traded in USD. To make them comparable, the MWMIX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PHPP.L achieves a -8.39% return, which is significantly lower than MWMIX's -1.54% return.

PHPP.L

1D
-0.66%
1M
-15.30%
YTD
-8.39%
6M
-3.53%
1Y
34.65%
3Y*
21.96%
5Y*
10.65%
10Y*
11.97%

MWMIX

1D
-1.30%
1M
2.62%
YTD
-1.54%
6M
-3.42%
1Y
12.30%
3Y*
6.46%
5Y*
7.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PHPP.L vs. MWMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PHPP.L
WisdomTree Physical Precious Metals		-8.39%72.45%17.27%-8.55%11.64%-10.26%22.29%22.41%5.44%1.96%
MWMIX
VanEck Morningstar Wide Moat Fund		-1.54%5.10%12.23%18.94%-3.17%25.29%10.79%29.72%4.35%-1.46%

Correlation

The correlation between PHPP.L and MWMIX is 0.08, 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

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2017

0.10

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Physical Precious Metals

VanEck Morningstar Wide Moat Fund

Often compared with PHPP.L:
PHPP.L vs. SGLN.LPHPP.L vs. GSGPHPP.L vs. VWRA.LPHPP.L vs. SGLP.LPHPP.L vs. GDXPHPP.L vs. GLDPHPP.L vs. XDEQ.L
Often compared with MWMIX:
MWMIX vs. SXR7.DEMWMIX vs. IWFQ.LMWMIX vs. SMHMWMIX vs. IWYMWMIX vs. CALFMWMIX vs. ^GSPCMWMIX vs. MOAT

Return for Risk

PHPP.L vs. MWMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PHPP.L
PHPP.L Risk / Return Rank: 3131
Overall Rank
PHPP.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
PHPP.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
PHPP.L Omega Ratio Rank: 3737
Omega Ratio Rank
PHPP.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
PHPP.L Martin Ratio Rank: 2727
Martin Ratio Rank
MWMIX
MWMIX Risk / Return Rank: 1212
Overall Rank
MWMIX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MWMIX Sortino Ratio Rank: 1313
Sortino Ratio Rank
MWMIX Omega Ratio Rank: 1111
Omega Ratio Rank
MWMIX Calmar Ratio Rank: 1212
Calmar Ratio Rank
MWMIX Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHPP.L vs. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) and VanEck Morningstar Wide Moat Fund (MWMIX). 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.

PHPP.LMWMIXDifference
Sharpe ratioReturn per unit of total volatility
1.07
0.86

+0.21

Sortino ratioReturn per unit of downside risk
1.48
1.30

+0.18

Omega ratioGain probability vs. loss probability

1.21

1.15

+0.06

Calmar ratioReturn relative to maximum drawdown

1.16

0.98

+0.18

Martin ratioReturn relative to average drawdown

3.15

2.66

+0.49

PHPP.L vs. MWMIX - Sharpe Ratio Comparison

The current PHPP.L Sharpe Ratio is 1.07, which is comparable to the MWMIX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of PHPP.L and MWMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PHPP.L vs. MWMIX - Drawdown Comparison

The maximum PHPP.L drawdown since its inception was -59.50%, which is greater than MWMIX's maximum drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for PHPP.L and MWMIX.

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Drawdown Indicators

PHPP.LMWMIXDifference

Max Drawdown

Largest peak-to-trough decline

-59.50%

-25.93%

-33.57%

Max Drawdown (1Y)

Largest decline over 1 year

-29.75%

-11.63%

-18.12%

Max Drawdown (3Y)

Largest decline over 3 years

-29.75%

-22.97%

-6.78%

Max Drawdown (5Y)

Largest decline over 5 years

-29.75%

-22.97%

-6.78%

Max Drawdown (10Y)

Largest decline over 10 years

-29.75%

—

—

Current Drawdown

Current decline from peak

-29.75%

-5.90%

-23.85%

Average Drawdown

Average peak-to-trough decline

-22.65%

-4.23%

-18.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.97%

4.28%

+6.69%

Volatility

PHPP.L vs. MWMIX - Volatility Comparison

WisdomTree Physical Precious Metals (PHPP.L) has a higher volatility of 7.62% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 3.50%. This indicates that PHPP.L's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PHPP.LMWMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.62%

3.50%

+4.12%

Volatility (6M)

Calculated over the trailing 6-month period

29.66%

9.60%

+20.06%

Volatility (1Y)

Calculated over the trailing 1-year period

32.31%

13.30%

+19.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.62%

17.47%

+4.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.87%

19.90%

-0.03%

PHPP.L vs. MWMIX - Expense Ratio Comparison

PHPP.L has a 0.44% expense ratio, which is lower than MWMIX's 0.59% expense ratio.

Dividends

PHPP.L vs. MWMIX - Dividend Comparison

PHPP.L has not paid dividends to shareholders, while MWMIX's dividend yield for the trailing twelve months is around 12.76%.

PositionTTM202520242023202220212020201920182017
MWMIX
VanEck Morningstar Wide Moat Fund		12.76%12.47%10.34%0.77%11.44%13.44%8.22%10.84%9.48%0.26%
PHPP.L
WisdomTree Physical Precious Metals		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PHPP.L and MWMIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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