WXAG.L vs. SGLP.L
Compare and contrast key facts about WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and Invesco Physical Gold A (SGLP.L).
WXAG.L and SGLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WXAG.L is a passively managed fund by WisdomTree that tracks the performance of the Morgan Stanley RADAR ex Agriculture & Livestock Commodity. It was launched on Oct 6, 2021. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both WXAG.L and SGLP.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WXAG.L or SGLP.L.
Key characteristics
WXAG.L | SGLP.L | |
---|---|---|
YTD Return | 4.71% | 20.11% |
1Y Return | -1.82% | 25.22% |
Sharpe Ratio | -0.13 | 1.89 |
Daily Std Dev | 15.76% | 13.04% |
Max Drawdown | -26.77% | -38.83% |
Current Drawdown | -19.66% | -0.62% |
Correlation
The correlation between WXAG.L and SGLP.L is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WXAG.L vs. SGLP.L - Performance Comparison
In the year-to-date period, WXAG.L achieves a 4.71% return, which is significantly lower than SGLP.L's 20.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WXAG.L vs. SGLP.L - Expense Ratio Comparison
WXAG.L has a 0.60% expense ratio, which is higher than SGLP.L's 0.12% expense ratio.
Risk-Adjusted Performance
WXAG.L vs. SGLP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and Invesco Physical Gold A (SGLP.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.
Dividends
WXAG.L vs. SGLP.L - Dividend Comparison
Neither WXAG.L nor SGLP.L has paid dividends to shareholders.
Drawdowns
WXAG.L vs. SGLP.L - Drawdown Comparison
The maximum WXAG.L drawdown since its inception was -26.77%, smaller than the maximum SGLP.L drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for WXAG.L and SGLP.L. For additional features, visit the drawdowns tool.
Volatility
WXAG.L vs. SGLP.L - Volatility Comparison
WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) has a higher volatility of 5.28% compared to Invesco Physical Gold A (SGLP.L) at 3.06%. This indicates that WXAG.L's price experiences larger fluctuations and is considered to be riskier than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.