PHPP.L vs. SGBX.L
PHPP.L (WisdomTree Physical Precious Metals) and SGBX.L (WisdomTree Physical Swiss Gold) are both Precious Metals funds from WisdomTree - PHPP.L tracks the Precious Metals Basket while SGBX.L tracks the Gold. Both are passively managed. Over the past 5 years, PHPP.L returned 12.75%/yr vs 19.84%/yr for SGBX.L. A 0.77 correlation means they provide meaningful diversification when combined. PHPP.L charges 0.44%/yr vs 0.15%/yr for SGBX.L.
Performance
PHPP.L vs. SGBX.L - Performance Comparison
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Returns By Period
In the year-to-date period, PHPP.L achieves a 0.99% return, which is significantly lower than SGBX.L's 3.86% return.
PHPP.L
- 1D
- 0.37%
- 1M
- -1.92%
- YTD
- 0.99%
- 6M
- 9.62%
- 1Y
- 51.59%
- 3Y*
- 25.31%
- 5Y*
- 12.75%
- 10Y*
- 13.52%
SGBX.L
- 1D
- 0.68%
- 1M
- -1.38%
- YTD
- 3.86%
- 6M
- 5.27%
- 1Y
- 33.50%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
PHPP.L vs. SGBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.99% | 72.45% | 17.27% | -8.55% | 11.64% | -10.26% | 22.29% | 22.41% | 5.44% | -2.32% |
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
Correlation
The correlation between PHPP.L and SGBX.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.77 |
The correlation between PHPP.L and SGBX.L has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.
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Return for Risk
PHPP.L vs. SGBX.L — Risk / Return Rank
PHPP.L
SGBX.L
PHPP.L vs. SGBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) and WisdomTree Physical Swiss Gold (SGBX.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.
| PHPP.L | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.85 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.01 | 4.94 | +0.07 |
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
| PHPP.L | SGBX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.44 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.23 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.90 | -0.39 |
Drawdowns
PHPP.L vs. SGBX.L - Drawdown Comparison
The maximum PHPP.L drawdown since its inception was -49.43%, which is greater than SGBX.L's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for PHPP.L and SGBX.L.
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Drawdown Indicators
| PHPP.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -22.29% | -27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -18.07% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -18.07% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -18.07% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -26.89% | — | — |
Current DrawdownCurrent decline from peak | -22.56% | -16.26% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -6.07% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 6.76% | +3.50% |
Volatility
PHPP.L vs. SGBX.L - Volatility Comparison
WisdomTree Physical Precious Metals (PHPP.L) has a higher volatility of 7.69% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 5.08%. This indicates that PHPP.L's price experiences larger fluctuations and is considered to be riskier than SGBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHPP.L | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 5.08% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 19.94% | +9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.86% | 23.13% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 16.17% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 15.17% | +4.67% |
PHPP.L vs. SGBX.L - Expense Ratio Comparison
PHPP.L has a 0.44% expense ratio, which is higher than SGBX.L's 0.15% expense ratio.
Dividends
PHPP.L vs. SGBX.L - Dividend Comparison
Neither PHPP.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
PHPP.L and SGBX.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.44% for PHPP.L.
PHPP.L tracks Precious Metals Basket, while SGBX.L tracks Gold. Their fees differ too: 0.44% for PHPP.L and 0.15% for SGBX.L.
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