SUGA.L vs. GBSP.L
SUGA.L (WisdomTree Sugar) and GBSP.L (WisdomTree Physical Gold - GBP Daily Hedged) are both exchange-traded funds - SUGA.L is a Agricultural Commodities fund tracking the Bloomberg Sugar, while GBSP.L is a Precious Metals fund tracking the Gold (GBP Hedged). Both are passively managed. Over the past 10 years, SUGA.L returned -2.92%/yr vs 10.49%/yr for GBSP.L. At a 0.11 correlation, their price movements are largely independent. SUGA.L charges 0.49%/yr vs 0.25%/yr for GBSP.L.
Performance
SUGA.L vs. GBSP.L - Performance Comparison
Loading charts...
Different Trading Currencies
SUGA.L is traded in USD, while GBSP.L is traded in GBp. To make them comparable, the GBSP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUGA.L achieves a -3.17% return, which is significantly lower than GBSP.L's 2.93% return. Over the past 10 years, SUGA.L has underperformed GBSP.L with an annualized return of -2.92%, while GBSP.L has yielded a comparatively higher 10.49% annualized return.
SUGA.L
- 1D
- -0.86%
- 1M
- -7.18%
- YTD
- -3.17%
- 6M
- -2.16%
- 1Y
- -17.30%
- 3Y*
- -11.77%
- 5Y*
- 1.18%
- 10Y*
- -2.92%
GBSP.L
- 1D
- 0.81%
- 1M
- -3.23%
- YTD
- 2.93%
- 6M
- 6.29%
- 1Y
- 29.81%
- 3Y*
- 33.59%
- 5Y*
- 15.95%
- 10Y*
- 10.49%
SUGA.L vs. GBSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUGA.L WisdomTree Sugar | -3.17% | -17.47% | -5.25% | 23.23% | 11.54% | 23.41% | 6.59% | -0.53% | -24.60% | -27.09% |
GBSP.L WisdomTree Physical Gold - GBP Daily Hedged | 2.93% | 75.62% | 22.93% | 17.64% | -12.23% | -5.78% | 25.57% | 19.16% | -9.95% | 18.76% |
Correlation
The correlation between SUGA.L and GBSP.L is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013 | 0.11 |
The correlation between SUGA.L and GBSP.L shifts across timeframes, from 0.00 (1 year) to 0.12 (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
SUGA.L vs. GBSP.L — Risk / Return Rank
SUGA.L
GBSP.L
SUGA.L vs. GBSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Sugar (SUGA.L) and WisdomTree Physical Gold - GBP Daily Hedged (GBSP.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.
| SUGA.L | GBSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.48 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.31 | 3.66 | -4.97 |
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
| SUGA.L | GBSP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 1.10 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.74 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 0.53 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.25 | -0.35 |
Drawdowns
SUGA.L vs. GBSP.L - Drawdown Comparison
The maximum SUGA.L drawdown since its inception was -83.65%, which is greater than GBSP.L's maximum drawdown of -46.33%. Use the drawdown chart below to compare losses from any high point for SUGA.L and GBSP.L.
Loading charts...
Drawdown Indicators
| SUGA.L | GBSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.65% | -46.33% | -37.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -20.11% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -43.76% | -20.11% | -23.65% |
Max Drawdown (5Y)Largest decline over 5 years | -43.76% | -35.76% | -8.00% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -36.73% | -31.10% |
Current DrawdownCurrent decline from peak | -68.67% | -18.06% | -50.61% |
Average DrawdownAverage peak-to-trough decline | -51.34% | -22.94% | -28.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.20% | 8.12% | +5.08% |
Volatility
SUGA.L vs. GBSP.L - Volatility Comparison
WisdomTree Sugar (SUGA.L) has a higher volatility of 8.76% compared to WisdomTree Physical Gold - GBP Daily Hedged (GBSP.L) at 7.12%. This indicates that SUGA.L's price experiences larger fluctuations and is considered to be riskier than GBSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUGA.L | GBSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 7.12% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 23.45% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.70% | 27.09% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 21.52% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 19.84% | +6.06% |
SUGA.L vs. GBSP.L - Expense Ratio Comparison
SUGA.L has a 0.49% expense ratio, which is higher than GBSP.L's 0.25% expense ratio.
Dividends
SUGA.L vs. GBSP.L - Dividend Comparison
Neither SUGA.L nor GBSP.L has paid dividends to shareholders.
Frequently Asked Questions
SUGA.L and GBSP.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBSP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBSP.L is cheaper with a 0.25% expense ratio, compared with 0.49% for SUGA.L.
SUGA.L is categorized as Agricultural Commodities, while GBSP.L is Precious Metals. SUGA.L tracks Bloomberg Sugar, while GBSP.L tracks Gold (GBP Hedged). Their fees differ too: 0.49% for SUGA.L and 0.25% for GBSP.L.
Find the right allocation for SUGA.L and GBSP.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