WREE.L vs. SPGP.L
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and SPGP.L (iShares Gold Producers UCITS ETF) are both exchange-traded funds - WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past year, WREE.L returned 89.23% vs 52.23% for SPGP.L. A 0.57 correlation means they provide meaningful diversification when combined. WREE.L charges 0.50%/yr vs 0.55%/yr for SPGP.L.
Performance
WREE.L vs. SPGP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WREE.L achieves a 7.84% return, which is significantly higher than SPGP.L's -5.80% return.
WREE.L
- 1D
- 0.00%
- 1M
- -17.91%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 89.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPGP.L
- 1D
- 5.49%
- 1M
- -16.05%
- YTD
- -5.80%
- 6M
- -4.88%
- 1Y
- 52.23%
- 3Y*
- 36.39%
- 5Y*
- 18.46%
- 10Y*
- 13.80%
WREE.L vs. SPGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 7.84% | 100.33% | 7,349.36% |
SPGP.L iShares Gold Producers UCITS ETF | -5.80% | 137.41% | 0.31% |
Correlation
The correlation between WREE.L and SPGP.L is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.57 |
The correlation between WREE.L and SPGP.L shifts across timeframes, from 0.57 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WREE.L vs. SPGP.L — Risk / Return Rank
WREE.L
SPGP.L
WREE.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and iShares Gold Producers UCITS ETF (SPGP.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.
| WREE.L | SPGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 1.54 | +1.78 |
| Martin ratioReturn relative to average drawdown | 7.72 | 4.40 | +3.32 |
Loading charts...
Drawdowns
WREE.L vs. SPGP.L - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, smaller than the maximum SPGP.L drawdown of -86.56%. Use the drawdown chart below to compare losses from any high point for WREE.L and SPGP.L.
Loading charts...
Drawdown Indicators
| WREE.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -86.56% | +59.06% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -33.69% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.71% | — |
Current DrawdownCurrent decline from peak | -19.29% | -29.46% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -60.25% | +50.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 11.81% | -0.25% |
Volatility
WREE.L vs. SPGP.L - Volatility Comparison
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and iShares Gold Producers UCITS ETF (SPGP.L) have volatilities of 12.90% and 13.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WREE.L | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 13.22% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 33.40% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 41.37% | +14.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,411.89% | 34.91% | +5,376.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,411.89% | 33.95% | +5,377.94% |
WREE.L vs. SPGP.L - Expense Ratio Comparison
WREE.L has a 0.50% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Dividends
WREE.L vs. SPGP.L - Dividend Comparison
Neither WREE.L nor SPGP.L has paid dividends to shareholders.
Frequently Asked Questions
WREE.L and SPGP.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WREE.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WREE.L is cheaper with a 0.50% expense ratio, compared with 0.55% for SPGP.L.
WREE.L is categorized as Commodity Producers Equities, while SPGP.L is Precious Metals. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while SPGP.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.50% for WREE.L and 0.55% for SPGP.L.
Find the right allocation for WREE.L and SPGP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer