SPGP.L vs. WREE.L
SPGP.L (iShares Gold Producers UCITS ETF) and WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) are both exchange-traded funds - SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index. Both are passively managed. Over the past year, SPGP.L returned 52.23% vs 89.23% for WREE.L. A 0.57 correlation means they provide meaningful diversification when combined. SPGP.L charges 0.55%/yr vs 0.50%/yr for WREE.L.
Performance
SPGP.L vs. WREE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPGP.L achieves a -5.80% return, which is significantly lower than WREE.L's 7.84% return.
SPGP.L
- 1D
- 5.49%
- 1M
- -16.05%
- YTD
- -5.80%
- 6M
- -4.88%
- 1Y
- 52.23%
- 3Y*
- 36.39%
- 5Y*
- 18.46%
- 10Y*
- 13.80%
WREE.L
- 1D
- 0.00%
- 1M
- -17.91%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 89.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPGP.L vs. WREE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | -5.80% | 137.41% | 0.31% |
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 7.84% | 100.33% | 7,349.36% |
Correlation
The correlation between SPGP.L and WREE.L is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.57 |
The correlation between SPGP.L and WREE.L shifts across timeframes, from 0.57 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPGP.L vs. WREE.L — Risk / Return Rank
SPGP.L
WREE.L
SPGP.L vs. WREE.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 Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.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.
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.
| SPGP.L | WREE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.32 | -1.78 |
| Martin ratioReturn relative to average drawdown | 4.40 | 7.72 | -3.32 |
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Drawdowns
SPGP.L vs. WREE.L - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -86.56%, which is greater than WREE.L's maximum drawdown of -27.50%. Use the drawdown chart below to compare losses from any high point for SPGP.L and WREE.L.
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Drawdown Indicators
| SPGP.L | WREE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.56% | -27.50% | -59.06% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -26.87% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | — | — |
Current DrawdownCurrent decline from peak | -29.46% | -19.29% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -60.25% | -10.25% | -50.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 11.56% | +0.25% |
Volatility
SPGP.L vs. WREE.L - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) and WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) have volatilities of 13.22% and 12.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | WREE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.22% | 12.90% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 33.40% | 30.74% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.37% | 56.33% | -14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 5,411.89% | -5,376.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 5,411.89% | -5,377.94% |
SPGP.L vs. WREE.L - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than WREE.L's 0.50% expense ratio.
Dividends
SPGP.L vs. WREE.L - Dividend Comparison
Neither SPGP.L nor WREE.L has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and WREE.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WREE.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WREE.L is cheaper with a 0.50% expense ratio, compared with 0.55% for SPGP.L.
SPGP.L is categorized as Precious Metals, while WREE.L is Commodity Producers Equities. SPGP.L tracks EMIX Global Mining Global Gold TR USD, while WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.55% for SPGP.L and 0.50% for WREE.L.
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