SPGP.L vs. AIGP.L
SPGP.L (iShares Gold Producers UCITS ETF) and AIGP.L (WisdomTree Precious Metals) are both Precious Metals funds - SPGP.L tracks the EMIX Global Mining Global Gold TR USD while AIGP.L tracks the Bloomberg Precious Metals. Both are passively managed. Over the past 10 years, SPGP.L returned 15.18%/yr vs 12.93%/yr for AIGP.L. A 0.65 correlation means they provide meaningful diversification when combined. SPGP.L charges 0.55%/yr vs 0.49%/yr for AIGP.L.
Performance
SPGP.L vs. AIGP.L - Performance Comparison
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Different Trading Currencies
SPGP.L is traded in GBp, while AIGP.L is traded in USD. To make them comparable, the AIGP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPGP.L achieves a 0.82% return, which is significantly lower than AIGP.L's 4.29% return. Over the past 10 years, SPGP.L has outperformed AIGP.L with an annualized return of 15.18%, while AIGP.L has yielded a comparatively lower 12.93% annualized return.
SPGP.L
- 1D
- -1.87%
- 1M
- -0.66%
- YTD
- 0.82%
- 6M
- 5.68%
- 1Y
- 64.09%
- 3Y*
- 38.07%
- 5Y*
- 19.77%
- 10Y*
- 15.18%
AIGP.L
- 1D
- -1.41%
- 1M
- -2.87%
- YTD
- 4.29%
- 6M
- 10.33%
- 1Y
- 50.10%
- 3Y*
- 29.84%
- 5Y*
- 18.86%
- 10Y*
- 12.93%
SPGP.L vs. AIGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | 0.82% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -2.80% |
AIGP.L WisdomTree Precious Metals | 4.29% | 65.90% | 25.41% | 2.42% | 10.92% | -6.87% | 20.42% | 11.65% | 0.94% | -1.68% |
Correlation
The correlation between SPGP.L and AIGP.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2011 | 0.65 |
The correlation between SPGP.L and AIGP.L shifts across timeframes, from 0.63 (10 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPGP.L vs. AIGP.L — Risk / Return Rank
SPGP.L
AIGP.L
SPGP.L vs. AIGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) and WisdomTree Precious Metals (AIGP.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.
| SPGP.L | AIGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.37 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.97 | 6.18 | -0.21 |
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
| SPGP.L | AIGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.68 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.07 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.76 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.56 | -0.44 |
Drawdowns
SPGP.L vs. AIGP.L - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than AIGP.L's maximum drawdown of -51.55%. Use the drawdown chart below to compare losses from any high point for SPGP.L and AIGP.L.
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Drawdown Indicators
| SPGP.L | AIGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.54% | -51.55% | -27.99% |
Max Drawdown (1Y)Largest decline over 1 year | -27.66% | -21.00% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.66% | -21.00% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -21.00% | -13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | -23.05% | -20.66% |
Current DrawdownCurrent decline from peak | -24.50% | -18.80% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -19.70% | -22.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 8.09% | +2.62% |
Volatility
SPGP.L vs. AIGP.L - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 13.09% compared to WisdomTree Precious Metals (AIGP.L) at 7.92%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than AIGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | AIGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 7.92% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 32.24% | 26.92% | +5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.30% | 29.68% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.56% | 21.10% | +10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 20.21% | +12.11% |
SPGP.L vs. AIGP.L - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than AIGP.L's 0.49% expense ratio.
Dividends
SPGP.L vs. AIGP.L - Dividend Comparison
Neither SPGP.L nor AIGP.L has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and AIGP.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIGP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIGP.L is cheaper with a 0.49% expense ratio, compared with 0.55% for SPGP.L.
SPGP.L tracks EMIX Global Mining Global Gold TR USD, while AIGP.L tracks Bloomberg Precious Metals. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.55% for SPGP.L and 0.49% for AIGP.L.
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