WGLD.DE vs. GOLB.L
WGLD.DE (WisdomTree Core Physical Gold) and GOLB.L (Market Access NYSE Arca Gold Bugs UCITS ETF) are both Precious Metals funds - WGLD.DE tracks the Gold while GOLB.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 20.18%/yr for GOLB.L. A 0.67 correlation means they provide meaningful diversification when combined. WGLD.DE charges 0.12%/yr vs 0.65%/yr for GOLB.L.
Performance
WGLD.DE vs. GOLB.L - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while GOLB.L is traded in GBP. To make them comparable, the GOLB.L 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 GOLB.L's 6.83% 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*
- —
GOLB.L
- 1D
- 0.91%
- 1M
- 1.09%
- YTD
- 6.83%
- 6M
- 11.48%
- 1Y
- 70.13%
- 3Y*
- 40.51%
- 5Y*
- 20.18%
- 10Y*
- 15.44%
WGLD.DE vs. GOLB.L - 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% |
GOLB.L Market Access NYSE Arca Gold Bugs UCITS ETF | 6.83% | 126.01% | 19.55% | 2.46% | -3.88% | -1.63% |
Correlation
The correlation between WGLD.DE and GOLB.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.67 |
The correlation between WGLD.DE and GOLB.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. GOLB.L — Risk / Return Rank
WGLD.DE
GOLB.L
WGLD.DE vs. GOLB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.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.
| WGLD.DE | GOLB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.53 | -0.72 |
| Martin ratioReturn relative to average drawdown | 4.60 | 6.38 | -1.78 |
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 | GOLB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.66 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.59 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.16 | +1.11 |
Drawdowns
WGLD.DE vs. GOLB.L - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum GOLB.L drawdown of -81.65%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and GOLB.L.
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Drawdown Indicators
| WGLD.DE | GOLB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -81.65% | +65.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -27.58% | +11.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -27.58% | +11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -39.87% | +23.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.27% | — |
Current DrawdownCurrent decline from peak | -14.99% | -22.81% | +7.82% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -49.02% | +44.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 10.92% | -4.38% |
Volatility
WGLD.DE vs. GOLB.L - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) has a volatility of 14.83%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than GOLB.L 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 | GOLB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 14.83% | -9.78% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 33.35% | -13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 42.04% | -18.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 34.31% | -18.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 35.01% | -19.13% |
WGLD.DE vs. GOLB.L - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than GOLB.L's 0.65% expense ratio.
Dividends
WGLD.DE vs. GOLB.L - Dividend Comparison
Neither WGLD.DE nor GOLB.L has paid dividends to shareholders.
Frequently Asked Questions
WGLD.DE and GOLB.L have a correlation of 0.75, 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 GOLB.L.
WGLD.DE tracks Gold, while GOLB.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: WisdomTree and China Post Global. Their fees differ too: 0.12% for WGLD.DE and 0.65% for GOLB.L.
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