PHPP.L vs. SGLP.L
Compare and contrast key facts about WisdomTree Physical Precious Metals (PHPP.L) and Invesco Physical Gold A (SGLP.L).
PHPP.L and SGLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHPP.L is a passively managed fund by WisdomTree that tracks the performance of the Precious Metals Basket. It was launched on Apr 24, 2007. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both PHPP.L and SGLP.L 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
PHPP.L vs. SGLP.L - Performance Comparison
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PHPP.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 8.16% | 72.45% | 17.27% | -8.55% | 11.64% | -10.26% | 22.29% | 22.41% | 5.44% | 5.38% |
SGLP.L Invesco Physical Gold A | 12.04% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Returns By Period
In the year-to-date period, PHPP.L achieves a 8.16% return, which is significantly lower than SGLP.L's 12.04% return. Both investments have delivered pretty close results over the past 10 years, with PHPP.L having a 14.53% annualized return and SGLP.L not far ahead at 15.21%.
PHPP.L
- 1D
- 2.23%
- 1M
- -11.53%
- YTD
- 8.16%
- 6M
- 32.83%
- 1Y
- 63.82%
- 3Y*
- 27.32%
- 5Y*
- 15.50%
- 10Y*
- 14.53%
SGLP.L
- 1D
- 2.56%
- 1M
- -9.45%
- YTD
- 12.04%
- 6M
- 25.07%
- 1Y
- 48.15%
- 3Y*
- 30.74%
- 5Y*
- 23.33%
- 10Y*
- 15.21%
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PHPP.L vs. SGLP.L - Expense Ratio Comparison
PHPP.L has a 0.44% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Return for Risk
PHPP.L vs. SGLP.L — Risk / Return Rank
PHPP.L
SGLP.L
PHPP.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) and Invesco Physical Gold A (SGLP.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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.98 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.44 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.72 | -0.07 |
Martin ratioReturn relative to average drawdown | 9.78 | 11.49 | -1.71 |
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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.98 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.46 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.97 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.58 | -0.04 |
Correlation
The correlation between PHPP.L and SGLP.L 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
PHPP.L vs. SGLP.L - Dividend Comparison
Neither PHPP.L nor SGLP.L has paid dividends to shareholders.
Drawdowns
PHPP.L vs. SGLP.L - Drawdown Comparison
The maximum PHPP.L drawdown since its inception was -49.43%, which is greater than SGLP.L's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for PHPP.L and SGLP.L.
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Drawdown Indicators
| PHPP.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.43% | -38.83% | -10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -17.89% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -17.89% | -9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -26.89% | -22.34% | -4.55% |
Current DrawdownCurrent decline from peak | -17.06% | -9.45% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -13.37% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 4.24% | +2.37% |
Volatility
PHPP.L vs. SGLP.L - Volatility Comparison
WisdomTree Physical Precious Metals (PHPP.L) has a higher volatility of 12.90% compared to Invesco Physical Gold A (SGLP.L) at 11.72%. This indicates that PHPP.L's price experiences larger fluctuations and is considered to be riskier than SGLP.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 | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 11.72% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 29.47% | 21.06% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.37% | 24.21% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 15.99% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 15.70% | +3.99% |