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WGLD.DE vs. SPY5.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WGLD.DE vs. SPY5.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Core Physical Gold (WGLD.DE) and State Street SPDR S&P 500 UCITS ETF (SPY5.L).

WGLD.DE and SPY5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WGLD.DE is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Nov 30, 2020. SPY5.L is a passively managed fund by State Street that tracks the performance of the S&P 500. It was launched on Aug 1, 2025. Both WGLD.DE and SPY5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WGLD.DE vs. SPY5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Core Physical Gold (WGLD.DE) and State Street SPDR S&P 500 UCITS ETF (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

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WGLD.DE vs. SPY5.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WGLD.DE
WisdomTree Core Physical Gold		9.97%49.08%34.17%9.39%7.07%9.65%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		-2.58%3.49%33.64%22.84%-13.64%28.21%
Different Trading Currencies

WGLD.DE is traded in EUR, while SPY5.L is traded in USD. To make them comparable, the SPY5.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 9.97% return, which is significantly higher than SPY5.L's -4.90% return.

WGLD.DE

1D
2.72%
1M
-9.02%
YTD
9.97%
6M
24.92%
1Y
42.10%
3Y*
31.10%
5Y*
22.74%
10Y*
—

SPY5.L

1D
0.00%
1M
-4.91%
YTD
-4.90%
6M
-1.90%
1Y
7.81%
3Y*
15.21%
5Y*
11.66%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Core Physical Gold

State Street SPDR S&P 500 UCITS ETF

Often compared with WGLD.DE:
WGLD.DE vs. VTWGLD.DE vs. GLDWGLD.DE vs. PPFB.DEWGLD.DE vs. GLDW.LWGLD.DE vs. XEON.DEWGLD.DE vs. XNAQ.LWGLD.DE vs. SWDA.L
Often compared with SPY5.L:
SPY5.L vs. SPYSPY5.L vs. CSPX.LSPY5.L vs. VUSA.DESPY5.L vs. VOOSPY5.L vs. CSP1.LSPY5.L vs. VUAA.LSPY5.L vs. SWRD.L

WGLD.DE vs. SPY5.L - Expense Ratio Comparison

WGLD.DE has a 0.12% expense ratio, which is higher than SPY5.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

WGLD.DE
WisdomTree Core Physical Gold
SPY5.L
State Street SPDR S&P 500 UCITS ETF

Return for Risk

WGLD.DE vs. SPY5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WGLD.DE
WGLD.DE Risk / Return Rank: 8383
Overall Rank
WGLD.DE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
WGLD.DE Sortino Ratio Rank: 8282
Sortino Ratio Rank
WGLD.DE Omega Ratio Rank: 8282
Omega Ratio Rank
WGLD.DE Calmar Ratio Rank: 8383
Calmar Ratio Rank
WGLD.DE Martin Ratio Rank: 8282
Martin Ratio Rank
SPY5.L
SPY5.L Risk / Return Rank: 6969
Overall Rank
SPY5.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPY5.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
SPY5.L Omega Ratio Rank: 6464
Omega Ratio Rank
SPY5.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPY5.L Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WGLD.DE vs. SPY5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and State Street SPDR S&P 500 UCITS ETF (SPY5.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.DESPY5.LDifference

Sharpe ratio

Return per unit of total volatility

1.76

0.47

+1.29

Sortino ratio

Return per unit of downside risk

2.25

0.74

+1.51

Omega ratio

Gain probability vs. loss probability

1.33

1.11

+0.23

Calmar ratio

Return relative to maximum drawdown

2.58

1.00

+1.58

Martin ratio

Return relative to average drawdown

9.78

3.20

+6.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WGLD.DE vs. SPY5.L - Sharpe Ratio Comparison

The current WGLD.DE Sharpe Ratio is 1.76, which is higher than the SPY5.L Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of WGLD.DE and SPY5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WGLD.DESPY5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

0.47

+1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.42

0.74

+0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.81

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.43

0.88

+0.55

Correlation

The correlation between WGLD.DE and SPY5.L is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WGLD.DE vs. SPY5.L - Dividend Comparison

WGLD.DE has not paid dividends to shareholders, while SPY5.L's dividend yield for the trailing twelve months is around 1.02%.

TTM20252024202320222021202020192018201720162015
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%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		1.02%0.97%1.06%1.19%1.40%0.99%1.28%1.71%2.20%2.29%1.64%1.73%

Drawdowns

WGLD.DE vs. SPY5.L - Drawdown Comparison

The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum SPY5.L drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and SPY5.L.

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Drawdown Indicators

WGLD.DESPY5.LDifference

Max Drawdown

Largest peak-to-trough decline

-16.58%

-33.89%

+17.31%

Max Drawdown (1Y)

Largest decline over 1 year

-16.58%

-11.75%

-4.83%

Max Drawdown (5Y)

Largest decline over 5 years

-16.58%

-24.37%

+7.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.89%

—

Current Drawdown

Current decline from peak

-9.02%

-5.37%

-3.65%

Average Drawdown

Average peak-to-trough decline

-4.00%

-3.74%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

2.05%

+2.32%

Volatility

WGLD.DE vs. SPY5.L - Volatility Comparison

WisdomTree Core Physical Gold (WGLD.DE) has a higher volatility of 11.25% compared to State Street SPDR S&P 500 UCITS ETF (SPY5.L) at 4.01%. This indicates that WGLD.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.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.DESPY5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.25%

4.01%

+7.24%

Volatility (6M)

Calculated over the trailing 6-month period

21.11%

8.68%

+12.43%

Volatility (1Y)

Calculated over the trailing 1-year period

23.81%

16.69%

+7.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.85%

15.82%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.80%

16.68%

-0.88%