SGLP.L vs. WTMF
SGLP.L (Invesco Physical Gold A) and WTMF (WisdomTree Managed Futures Strategy Fund) are both exchange-traded funds - SGLP.L is a Precious Metals fund tracking the Gold, while WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index. Both are passively managed. Over the past 10 years, SGLP.L returned 13.00%/yr vs 3.68%/yr for WTMF. At a 0.18 correlation, their price movements are largely independent. SGLP.L charges 0.12%/yr vs 0.65%/yr for WTMF.
Performance
SGLP.L vs. WTMF - Performance Comparison
Loading charts...
Different Trading Currencies
SGLP.L is traded in GBp, while WTMF is traded in USD. To make them comparable, the WTMF values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGLP.L achieves a -1.79% return, which is significantly lower than WTMF's 8.20% return. Over the past 10 years, SGLP.L has outperformed WTMF with an annualized return of 13.00%, while WTMF has yielded a comparatively lower 3.68% annualized return.
SGLP.L
- 1D
- 2.85%
- 1M
- -9.58%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
WTMF
- 1D
- 0.68%
- 1M
- -0.93%
- YTD
- 8.20%
- 6M
- 7.35%
- 1Y
- 22.05%
- 3Y*
- 7.24%
- 5Y*
- 7.15%
- 10Y*
- 3.68%
SGLP.L vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
WTMF WisdomTree Managed Futures Strategy Fund | 8.20% | 4.18% | 5.00% | 10.89% | 4.59% | 10.51% | -2.48% | -6.45% | 6.18% | -11.75% |
Correlation
The correlation between SGLP.L and WTMF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2011 | 0.18 |
The correlation between SGLP.L and WTMF shifts across timeframes, from 0.13 (3 years) to 0.24 (10 years), reflecting how their relationship changes across market environments.
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
SGLP.L vs. WTMF — Risk / Return Rank
SGLP.L
WTMF
SGLP.L vs. WTMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold A (SGLP.L) and WisdomTree Managed Futures Strategy Fund (WTMF). 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.
| SGLP.L | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.62 | -2.49 |
| Martin ratioReturn relative to average drawdown | 3.52 | 15.09 | -11.57 |
Loading charts...
Drawdowns
SGLP.L vs. WTMF - Drawdown Comparison
The maximum SGLP.L drawdown since its inception was -63.75%, which is greater than WTMF's maximum drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for SGLP.L and WTMF.
Loading charts...
Drawdown Indicators
| SGLP.L | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.75% | -24.13% | -39.62% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -6.16% | -16.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -14.51% | -8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -17.70% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -20.33% | -2.49% |
Current DrawdownCurrent decline from peak | -20.62% | -0.93% | -19.69% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -10.98% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 1.47% | +5.88% |
Volatility
SGLP.L vs. WTMF - Volatility Comparison
Invesco Physical Gold A (SGLP.L) has a higher volatility of 6.68% compared to WisdomTree Managed Futures Strategy Fund (WTMF) at 2.44%. This indicates that SGLP.L's price experiences larger fluctuations and is considered to be riskier than WTMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLP.L | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 2.44% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 7.47% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 9.69% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 12.04% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 12.16% | +6.60% |
SGLP.L vs. WTMF - Expense Ratio Comparison
SGLP.L has a 0.12% expense ratio, which is lower than WTMF's 0.65% expense ratio.
Dividends
SGLP.L vs. WTMF - Dividend Comparison
SGLP.L has not paid dividends to shareholders, while WTMF's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SGLP.L Invesco Physical Gold A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.83% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
SGLP.L and WTMF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.65% for WTMF.
SGLP.L is categorized as Precious Metals, while WTMF is Hedge Fund. SGLP.L tracks Gold, while WTMF tracks WisdomTree Managed Futures Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.12% for SGLP.L and 0.65% for WTMF.
Find the right allocation for SGLP.L and WTMF
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