WGLD.DE vs. ^GSPC
WGLD.DE (WisdomTree Core Physical Gold) is Precious Metals fund tracking the Gold, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 13.43%/yr for ^GSPC. At a 0.02 correlation, their price movements are largely independent.
Performance
WGLD.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly lower than ^GSPC's 12.06% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
WGLD.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 9.65% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 26.00% |
Correlation
The correlation between WGLD.DE and ^GSPC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.02 |
The correlation between WGLD.DE and ^GSPC shifts across timeframes, from 0.01 (5 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WGLD.DE vs. ^GSPC — Risk / Return Rank
WGLD.DE
^GSPC
WGLD.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and S&P 500 Index (^GSPC). 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.
| WGLD.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.30 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.60 | 12.34 | -7.74 |
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
| WGLD.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.04 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.80 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.51 | +0.76 |
Drawdowns
WGLD.DE vs. ^GSPC - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and ^GSPC.
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Drawdown Indicators
| WGLD.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -51.62% | +35.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -7.57% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -23.99% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -23.99% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -14.99% | -0.20% | -14.79% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -9.08% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 2.02% | +4.52% |
Volatility
WGLD.DE vs. ^GSPC - Volatility Comparison
WisdomTree Core Physical Gold (WGLD.DE) has a higher volatility of 5.05% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that WGLD.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGLD.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 2.24% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 8.62% | +11.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 12.29% | +10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 16.79% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 18.59% | -2.71% |
Frequently Asked Questions
WGLD.DE and ^GSPC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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