WGLD.DE vs. GLDI
WGLD.DE (WisdomTree Core Physical Gold) and GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) are both Precious Metals funds - WGLD.DE tracks the Gold while GLDI tracks the Credit Suisse NASDAQ Gold FLOWS 103 Index. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 12.34%/yr for GLDI. A 0.67 correlation means they provide meaningful diversification when combined. WGLD.DE charges 0.12%/yr vs 0.65%/yr for GLDI.
Performance
WGLD.DE vs. GLDI - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while GLDI is traded in USD. To make them comparable, the GLDI 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 GLDI's 3.95% 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*
- —
GLDI
- 1D
- 0.56%
- 1M
- 1.56%
- YTD
- 3.95%
- 6M
- 5.20%
- 1Y
- 19.32%
- 3Y*
- 16.52%
- 5Y*
- 12.34%
- 10Y*
- 8.78%
WGLD.DE vs. GLDI - 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% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 3.95% | 18.31% | 25.54% | 5.67% | 5.02% | 9.59% |
Correlation
The correlation between WGLD.DE and GLDI 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 (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.67 |
The correlation between WGLD.DE and GLDI has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. GLDI — Risk / Return Rank
WGLD.DE
GLDI
WGLD.DE vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI). 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 | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.47 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.60 | 5.38 | -0.78 |
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 | GLDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.36 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.12 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.47 | +0.80 |
Drawdowns
WGLD.DE vs. GLDI - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum GLDI drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and GLDI.
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Drawdown Indicators
| WGLD.DE | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -27.73% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -13.17% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -13.17% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -13.17% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.80% | — |
Current DrawdownCurrent decline from peak | -14.99% | -6.57% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -8.80% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.60% | +2.94% |
Volatility
WGLD.DE vs. GLDI - Volatility Comparison
WisdomTree Core Physical Gold (WGLD.DE) has a higher volatility of 5.05% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 3.16%. This indicates that WGLD.DE's price experiences larger fluctuations and is considered to be riskier than GLDI 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 | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.16% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 12.48% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 14.23% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 11.04% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 11.29% | +4.59% |
WGLD.DE vs. GLDI - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Dividends
WGLD.DE vs. GLDI - Dividend Comparison
WGLD.DE has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 22.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 22.22% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
WGLD.DE WisdomTree Core Physical Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WGLD.DE and GLDI 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, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for GLDI.
WGLD.DE tracks Gold, while GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index. They also come from different issuers: WisdomTree and Credit Suisse. Their fees differ too: 0.12% for WGLD.DE and 0.65% for GLDI.
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