WGLD.DE vs. HYEA.L
WGLD.DE (WisdomTree Core Physical Gold) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - WGLD.DE is a Gold fund tracking the Gold, while HYEA.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 3.99%/yr for HYEA.L. At a 0.12 correlation, their price movements are largely independent. WGLD.DE charges 0.12%/yr vs 0.50%/yr for HYEA.L.
Performance
WGLD.DE vs. HYEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly lower than HYEA.L's 3.42% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -0.75%
- YTD
- 2.75%
- 6M
- 1.52%
- 1Y
- 34.44%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
HYEA.L
- 1D
- 0.00%
- 1M
- 1.89%
- YTD
- 3.42%
- 6M
- 3.84%
- 1Y
- 6.60%
- 3Y*
- 7.08%
- 5Y*
- 3.99%
- 10Y*
- —
WGLD.DE vs. HYEA.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% | 9.60% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 3.42% | 1.53% | 9.22% | 9.21% | -6.45% | 6.14% |
Correlation
The correlation between WGLD.DE and HYEA.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021 | 0.12 |
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Return for Risk
WGLD.DE vs. HYEA.L — Risk / Return Rank
WGLD.DE
HYEA.L
WGLD.DE vs. HYEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| WGLD.DE | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.50 | -1.69 |
| Martin ratioReturn relative to average drawdown | 4.60 | 13.04 | -8.44 |
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Drawdowns
WGLD.DE vs. HYEA.L - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum HYEA.L drawdown of -22.83%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and HYEA.L.
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Drawdown Indicators
| WGLD.DE | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -22.83% | +6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -1.89% | -14.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -6.63% | -9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -9.74% | -6.84% |
Current DrawdownCurrent decline from peak | -14.99% | 0.00% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -5.37% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 0.51% | +6.03% |
Volatility
WGLD.DE vs. HYEA.L - Volatility Comparison
WisdomTree Core Physical Gold (WGLD.DE) has a higher volatility of 5.05% compared to iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) at 0.98%. This indicates that WGLD.DE's price experiences larger fluctuations and is considered to be riskier than HYEA.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 | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 0.98% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 2.48% | +17.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 3.44% | +19.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 5.43% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 8.51% | +7.36% |
WGLD.DE vs. HYEA.L - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
WGLD.DE vs. HYEA.L - Dividend Comparison
Neither WGLD.DE nor HYEA.L has paid dividends to shareholders.
Frequently Asked Questions
WGLD.DE and HYEA.L have a correlation of 0.07, 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 0.50% for HYEA.L.
WGLD.DE is categorized as Gold, while HYEA.L is High Yield Bonds. WGLD.DE tracks Gold, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.12% for WGLD.DE and 0.50% for HYEA.L.
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