WGLD.DE vs. ZGLD.SW
WGLD.DE (WisdomTree Core Physical Gold) and ZGLD.SW (Swisscanto (CH) Gold ETF EA CHF) are both Precious Metals funds - WGLD.DE tracks the Gold while ZGLD.SW tracks the Gold Bullion. Both are passively managed. Over the past 5 years, WGLD.DE returned 19.71%/yr vs 19.26%/yr for ZGLD.SW. Their correlation of 0.93 suggests significant overlap in exposure. WGLD.DE charges 0.12%/yr vs 0.40%/yr for ZGLD.SW.
Performance
WGLD.DE vs. ZGLD.SW - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while ZGLD.SW is traded in CHF. To make them comparable, the ZGLD.SW 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 ZGLD.SW's 3.53% 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*
- —
ZGLD.SW
- 1D
- 0.63%
- 1M
- -1.64%
- YTD
- 3.53%
- 6M
- 6.14%
- 1Y
- 29.70%
- 3Y*
- 27.56%
- 5Y*
- 19.26%
- 10Y*
- 12.85%
WGLD.DE vs. ZGLD.SW - 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% |
ZGLD.SW Swisscanto (CH) Gold ETF EA CHF | 3.53% | 47.27% | 33.31% | 9.80% | 5.50% | 10.08% |
Correlation
The correlation between WGLD.DE and ZGLD.SW is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.93 |
The correlation between WGLD.DE and ZGLD.SW has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. ZGLD.SW — Risk / Return Rank
WGLD.DE
ZGLD.SW
WGLD.DE vs. ZGLD.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW). 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 | ZGLD.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.77 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.45 | +0.15 |
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 | ZGLD.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.28 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.20 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.65 | +0.62 |
Drawdowns
WGLD.DE vs. ZGLD.SW - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum ZGLD.SW drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and ZGLD.SW.
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Drawdown Indicators
| WGLD.DE | ZGLD.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -37.03% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -17.07% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -17.07% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -17.07% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.85% | — |
Current DrawdownCurrent decline from peak | -14.99% | -15.73% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -12.17% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.75% | -0.21% |
Volatility
WGLD.DE vs. ZGLD.SW - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) has a volatility of 5.83%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than ZGLD.SW 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 | ZGLD.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.83% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 20.54% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 23.61% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 16.11% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 14.66% | +1.22% |
WGLD.DE vs. ZGLD.SW - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than ZGLD.SW's 0.40% expense ratio.
Dividends
WGLD.DE vs. ZGLD.SW - Dividend Comparison
Neither WGLD.DE nor ZGLD.SW has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, WGLD.DE and ZGLD.SW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for ZGLD.SW.
WGLD.DE tracks Gold, while ZGLD.SW tracks Gold Bullion. They also come from different issuers: WisdomTree and Swisscanto. Their fees differ too: 0.12% for WGLD.DE and 0.40% for ZGLD.SW.
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