WGLD.DE vs. ZGLD.TO
WGLD.DE (WisdomTree Core Physical Gold) and ZGLD.TO (BMO Gold Bullion ETF (CAD Units)) are both Gold funds - WGLD.DE tracks the Gold while ZGLD.TO tracks the Gold Bullion. Both are passively managed. Over the past year, WGLD.DE returned 34.44% vs 23.48% for ZGLD.TO. A 0.70 correlation means they provide meaningful diversification when combined. WGLD.DE charges 0.12%/yr vs 0.23%/yr for ZGLD.TO.
Performance
WGLD.DE vs. ZGLD.TO - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while ZGLD.TO is traded in CAD. To make them comparable, the ZGLD.TO 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 higher than ZGLD.TO's -3.96% 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*
- —
ZGLD.TO
- 1D
- 0.52%
- 1M
- -8.82%
- YTD
- -3.96%
- 6M
- -7.07%
- 1Y
- 23.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WGLD.DE vs. ZGLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 27.02% |
ZGLD.TO BMO Gold Bullion ETF (CAD Units) | -3.96% | 43.90% | 28.17% |
Correlation
The correlation between WGLD.DE and ZGLD.TO is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | 0.70 |
The correlation between WGLD.DE and ZGLD.TO has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. ZGLD.TO — Risk / Return Rank
WGLD.DE
ZGLD.TO
WGLD.DE vs. ZGLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and BMO Gold Bullion ETF (CAD Units) (ZGLD.TO). 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 | ZGLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.02 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.76 | +1.84 |
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Drawdowns
WGLD.DE vs. ZGLD.TO - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum ZGLD.TO drawdown of -23.04%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and ZGLD.TO.
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Drawdown Indicators
| WGLD.DE | ZGLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -23.04% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -23.04% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | — | — |
Current DrawdownCurrent decline from peak | -14.99% | -22.64% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -3.94% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 8.54% | -2.00% |
Volatility
WGLD.DE vs. ZGLD.TO - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) has a volatility of 8.42%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than ZGLD.TO 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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 8.42% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 22.33% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 26.09% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 21.22% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 21.22% | -5.35% |
WGLD.DE vs. ZGLD.TO - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than ZGLD.TO's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WGLD.DE vs. ZGLD.TO - Dividend Comparison
Neither WGLD.DE nor ZGLD.TO has paid dividends to shareholders.
Frequently Asked Questions
WGLD.DE and ZGLD.TO have a correlation of 0.71, 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 0.23% for ZGLD.TO.
WGLD.DE tracks Gold, while ZGLD.TO tracks Gold Bullion. They also come from different issuers: WisdomTree and BMO. Their fees differ too: 0.12% for WGLD.DE and 0.23% for ZGLD.TO.
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