SGBX.L vs. SPGP.L
SGBX.L (WisdomTree Physical Swiss Gold) and SPGP.L (iShares Gold Producers UCITS ETF) are both Precious Metals funds - SGBX.L tracks the Gold while SPGP.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 19.91%/yr for SPGP.L. A 0.68 correlation means they provide meaningful diversification when combined. SGBX.L charges 0.15%/yr vs 0.55%/yr for SPGP.L.
Performance
SGBX.L vs. SPGP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGBX.L achieves a 3.86% return, which is significantly higher than SPGP.L's 1.44% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
SPGP.L
- 1D
- 0.61%
- 1M
- -5.31%
- YTD
- 1.44%
- 6M
- 6.29%
- 1Y
- 65.11%
- 3Y*
- 38.31%
- 5Y*
- 19.91%
- 10Y*
- 14.96%
SGBX.L vs. SPGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPGP.L iShares Gold Producers UCITS ETF | 1.44% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -12.76% |
Correlation
The correlation between SGBX.L and SPGP.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.68 |
The correlation between SGBX.L and SPGP.L has been stable across timeframes, ranging from 0.67 to 0.76 - 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
SGBX.L vs. SPGP.L — Risk / Return Rank
SGBX.L
SPGP.L
SGBX.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) and iShares Gold Producers UCITS ETF (SPGP.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.
| SGBX.L | SPGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.33 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.94 | 5.97 | -1.03 |
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
| SGBX.L | SPGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.60 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.63 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.12 | +0.78 |
Drawdowns
SGBX.L vs. SPGP.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, smaller than the maximum SPGP.L drawdown of -79.54%. Use the drawdown chart below to compare losses from any high point for SGBX.L and SPGP.L.
Loading charts...
Drawdown Indicators
| SGBX.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -79.54% | +57.25% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -27.66% | +9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -27.66% | +9.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -34.81% | +16.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.71% | — |
Current DrawdownCurrent decline from peak | -16.26% | -24.04% | +7.78% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -42.31% | +36.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 10.81% | -4.05% |
Volatility
SGBX.L vs. SPGP.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 5.08%, while iShares Gold Producers UCITS ETF (SPGP.L) has a volatility of 13.10%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than SPGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGBX.L | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 13.10% | -8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 32.23% | -12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 40.28% | -17.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 31.56% | -15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 32.31% | -17.14% |
SGBX.L vs. SPGP.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Dividends
SGBX.L vs. SPGP.L - Dividend Comparison
Neither SGBX.L nor SPGP.L has paid dividends to shareholders.
Frequently Asked Questions
SGBX.L and SPGP.L have a correlation of 0.76, 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 0.55% for SPGP.L.
SGBX.L tracks Gold, while SPGP.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for SGBX.L and 0.55% for SPGP.L.
Find the right allocation for SGBX.L and SPGP.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