PHPP.L vs. XNIF.L

Last updated Jun 5, 2026

PHPP.L (WisdomTree Physical Precious Metals) and XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) are both exchange-traded funds - PHPP.L is a Precious Metals fund tracking the Precious Metals Basket, while XNIF.L is a Asia Pacific Equities fund tracking the MSCI India NR USD. Both are passively managed. Over the past 10 years, PHPP.L returned 13.52%/yr vs 7.18%/yr for XNIF.L. At a 0.16 correlation, their price movements are largely independent. PHPP.L charges 0.44%/yr vs 0.85%/yr for XNIF.L.

Performance

PHPP.L vs. XNIF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Physical Precious Metals (PHPP.L) and Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHPP.L achieves a 0.99% return, which is significantly higher than XNIF.L's -16.13% return. Over the past 10 years, PHPP.L has outperformed XNIF.L with an annualized return of 13.52%, while XNIF.L has yielded a comparatively lower 7.18% annualized 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%

XNIF.L

• 1D: 1.22%
• 1M: -1.99%
• YTD: -16.13%
• 6M: -16.18%
• 1Y: -14.02%
• 3Y*: -0.33%
• 5Y*: 3.30%
• 10Y*: 7.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PHPP.L vs. XNIF.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%	5.38%
XNIF.L Xtrackers Nifty 50 Swap UCITS ETF 1C	-16.13%	-1.71%	6.70%	11.98%	5.08%	23.10%	6.44%	6.11%	-1.17%	23.90%

Correlation

The correlation between PHPP.L and XNIF.L is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007	0.16

Return for Risk

PHPP.L vs. XNIF.L — 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: 42
PHPP.L Sharpe Ratio Rank: 47
PHPP.L Sortino Ratio Rank: 40
PHPP.L Omega Ratio Rank: 48
PHPP.L Calmar Ratio Rank: 43
PHPP.L Martin Ratio Rank: 34

XNIF.L

XNIF.L Risk / Return Rank: 2
XNIF.L Sharpe Ratio Rank: 2
XNIF.L Sortino Ratio Rank: 2
XNIF.L Omega Ratio Rank: 2
XNIF.L Calmar Ratio Rank: 3
XNIF.L Martin Ratio Rank: 2

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. XNIF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Precious Metals (PHPP.L) and Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.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	XNIF.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	-0.96	+2.57
Sortino ratio: Return per unit of downside risk	2.02	-1.33	+3.35
Omega ratio: Gain probability vs. loss probability	1.30	0.85	+0.45
Calmar ratio: Return relative to maximum drawdown	2.11	-0.66	+2.77
Martin ratio: Return relative to average drawdown	5.01	-1.41	+6.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHPP.L vs. XNIF.L - Sharpe Ratio Comparison

The current PHPP.L Sharpe Ratio is 1.61, which is higher than the XNIF.L Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of PHPP.L and XNIF.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PHPP.L	XNIF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	-0.96	+2.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.22	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.39	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.25	+0.26

Drawdowns

PHPP.L vs. XNIF.L - Drawdown Comparison

The maximum PHPP.L drawdown since its inception was -49.43%, smaller than the maximum XNIF.L drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for PHPP.L and XNIF.L.

Drawdown Indicators

	PHPP.L	XNIF.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.43%	-58.56%	+9.13%
Max Drawdown (1Y) Largest decline over 1 year	-24.37%	-21.09%	-3.28%
Max Drawdown (3Y) Largest decline over 3 years	-24.37%	-23.80%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.89%	-23.80%	-3.09%
Max Drawdown (10Y) Largest decline over 10 years	-26.89%	-38.55%	+11.66%
Current Drawdown Current decline from peak	-22.56%	-22.51%	-0.05%
Average Drawdown Average peak-to-trough decline	-18.70%	-13.41%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.26%	9.94%	+0.32%

Volatility

PHPP.L vs. XNIF.L - Volatility Comparison

WisdomTree Physical Precious Metals (PHPP.L) has a higher volatility of 7.69% compared to Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) at 5.56%. This indicates that PHPP.L's price experiences larger fluctuations and is considered to be riskier than XNIF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHPP.L	XNIF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	5.56%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	29.24%	12.21%	+17.03%
Volatility (1Y) Calculated over the trailing 1-year period	31.86%	14.57%	+17.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	15.62%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	20.38%	-0.54%

PHPP.L vs. XNIF.L - Expense Ratio Comparison

PHPP.L has a 0.44% expense ratio, which is lower than XNIF.L's 0.85% expense ratio.

Dividends

PHPP.L vs. XNIF.L - Dividend Comparison

Neither PHPP.L nor XNIF.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PHPP.L and XNIF.L in my portfolio?

PHPP.L and XNIF.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PHPP.L or XNIF.L?

On fees, PHPP.L is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PHPP.L or XNIF.L?

PHPP.L is cheaper with a 0.44% expense ratio, compared with 0.85% for XNIF.L.

What is the main difference between PHPP.L and XNIF.L?

PHPP.L is categorized as Precious Metals, while XNIF.L is Asia Pacific Equities. PHPP.L tracks Precious Metals Basket, while XNIF.L tracks MSCI India NR USD. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.44% for PHPP.L and 0.85% for XNIF.L.