SOYO.L vs. GLDW.L
SOYO.L (WisdomTree Soybean Oil) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - SOYO.L is a Agricultural Commodities fund tracking the Bloomberg Soybean Oil, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, SOYO.L returned 6.66%/yr vs 18.61%/yr for GLDW.L. At a 0.09 correlation, their price movements are largely independent. SOYO.L charges 0.49%/yr vs 0.12%/yr for GLDW.L.
Performance
SOYO.L vs. GLDW.L - Performance Comparison
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Different Trading Currencies
SOYO.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOYO.L achieves a 55.41% return, which is significantly higher than GLDW.L's 3.71% return.
SOYO.L
- 1D
- -3.45%
- 1M
- -0.26%
- YTD
- 55.41%
- 6M
- 47.62%
- 1Y
- 62.54%
- 3Y*
- 18.64%
- 5Y*
- 6.66%
- 10Y*
- 9.57%
GLDW.L
- 1D
- 0.68%
- 1M
- -2.18%
- YTD
- 3.71%
- 6M
- 6.15%
- 1Y
- 32.41%
- 3Y*
- 31.46%
- 5Y*
- 18.61%
- 10Y*
- —
SOYO.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SOYO.L WisdomTree Soybean Oil | 55.41% | 20.93% | -16.19% | -20.85% | 31.60% | 12.11% |
GLDW.L WisdomTree Core Physical Gold | 3.71% | 65.15% | 26.05% | 12.92% | -0.13% | 6.27% |
Correlation
The correlation between SOYO.L and GLDW.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.09 |
The correlation between SOYO.L and GLDW.L shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOYO.L vs. GLDW.L — Risk / Return Rank
SOYO.L
GLDW.L
SOYO.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Soybean Oil (SOYO.L) and WisdomTree Core Physical Gold (GLDW.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.
| SOYO.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.82 | +2.32 |
| Martin ratioReturn relative to average drawdown | 9.03 | 4.75 | +4.29 |
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
| SOYO.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 1.34 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.07 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.16 | -1.04 |
Drawdowns
SOYO.L vs. GLDW.L - Drawdown Comparison
The maximum SOYO.L drawdown since its inception was -81.90%, which is greater than GLDW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for SOYO.L and GLDW.L.
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Drawdown Indicators
| SOYO.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -21.42% | -60.48% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -17.74% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -39.69% | -17.74% | -21.95% |
Max Drawdown (5Y)Largest decline over 5 years | -46.60% | -21.42% | -25.18% |
Max Drawdown (10Y)Largest decline over 10 years | -46.60% | — | — |
Current DrawdownCurrent decline from peak | -28.72% | -15.82% | -12.90% |
Average DrawdownAverage peak-to-trough decline | -57.06% | -5.39% | -51.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 6.81% | +0.09% |
Volatility
SOYO.L vs. GLDW.L - Volatility Comparison
WisdomTree Soybean Oil (SOYO.L) has a higher volatility of 7.90% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.73%. This indicates that SOYO.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYO.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 5.73% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 20.82% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.73% | 24.07% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 17.35% | +12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 17.18% | +8.14% |
SOYO.L vs. GLDW.L - Expense Ratio Comparison
SOYO.L has a 0.49% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
SOYO.L vs. GLDW.L - Dividend Comparison
Neither SOYO.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
SOYO.L and GLDW.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.49% for SOYO.L.
SOYO.L is categorized as Agricultural Commodities, while GLDW.L is Precious Metals. SOYO.L tracks Bloomberg Soybean Oil, while GLDW.L tracks Gold. Their fees differ too: 0.49% for SOYO.L and 0.12% for GLDW.L.
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