XDER.L vs. PHGP.L

Last updated Jun 5, 2026

XDER.L (Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C) and PHGP.L (WisdomTree Physical Gold) are both exchange-traded funds - XDER.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while PHGP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, XDER.L returned 0.79%/yr vs 14.02%/yr for PHGP.L. At a 0.07 correlation, their price movements are largely independent. XDER.L charges 0.33%/yr vs 0.39%/yr for PHGP.L.

Performance

XDER.L vs. PHGP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and WisdomTree Physical Gold (PHGP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDER.L achieves a -1.79% return, which is significantly lower than PHGP.L's 3.81% return. Over the past 10 years, XDER.L has underperformed PHGP.L with an annualized return of 0.79%, while PHGP.L has yielded a comparatively higher 14.02% annualized return.

XDER.L

• 1D: 0.28%
• 1M: -0.05%
• YTD: -1.79%
• 6M: -0.97%
• 1Y: -0.33%
• 3Y*: 6.56%
• 5Y*: -4.50%
• 10Y*: 0.79%

PHGP.L

• 1D: 0.71%
• 1M: -1.41%
• YTD: 3.81%
• 6M: 5.28%
• 1Y: 33.28%
• 3Y*: 27.79%
• 5Y*: 19.54%
• 10Y*: 14.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDER.L vs. PHGP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDER.L Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C	-1.79%	11.17%	-7.99%	13.38%	-32.92%	10.39%	-5.98%	22.10%	-7.09%	16.56%
PHGP.L WisdomTree Physical Gold	3.81%	53.14%	27.85%	6.97%	11.52%	-3.11%	19.74%	14.47%	4.18%	1.55%

Correlation

The correlation between XDER.L and PHGP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 16, 2010	0.07

The correlation between XDER.L and PHGP.L shifts across timeframes, from 0.06 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XDER.L vs. PHGP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDER.L

XDER.L Risk / Return Rank: 9
XDER.L Sharpe Ratio Rank: 9
XDER.L Sortino Ratio Rank: 9
XDER.L Omega Ratio Rank: 9
XDER.L Calmar Ratio Rank: 9
XDER.L Martin Ratio Rank: 9

PHGP.L

PHGP.L Risk / Return Rank: 39
PHGP.L Sharpe Ratio Rank: 42
PHGP.L Sortino Ratio Rank: 37
PHGP.L Omega Ratio Rank: 46
PHGP.L Calmar Ratio Rank: 39
PHGP.L Martin Ratio Rank: 34

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.

XDER.L vs. PHGP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and WisdomTree Physical Gold (PHGP.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.

	XDER.L	PHGP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.44	-1.46
Sortino ratio: Return per unit of downside risk	0.08	1.88	-1.80
Omega ratio: Gain probability vs. loss probability	1.01	1.29	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.02	1.89	-1.91
Martin ratio: Return relative to average drawdown	-0.05	4.96	-5.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDER.L vs. PHGP.L - Sharpe Ratio Comparison

The current XDER.L Sharpe Ratio is -0.02, which is lower than the PHGP.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of XDER.L and PHGP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDER.L	PHGP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	1.44	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	1.21	-1.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.89	-0.84
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.66	-0.36

Drawdowns

XDER.L vs. PHGP.L - Drawdown Comparison

The maximum XDER.L drawdown since its inception was -45.20%, which is greater than PHGP.L's maximum drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for XDER.L and PHGP.L.

Drawdown Indicators

	XDER.L	PHGP.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.20%	-42.06%	-3.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.58%	-17.49%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-17.49%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-45.20%	-17.49%	-27.71%
Max Drawdown (10Y) Largest decline over 10 years	-45.20%	-22.37%	-22.83%
Current Drawdown Current decline from peak	-27.03%	-16.07%	-10.96%
Average Drawdown Average peak-to-trough decline	-13.36%	-13.50%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	6.69%	-0.43%

Volatility

XDER.L vs. PHGP.L - Volatility Comparison

Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) has a higher volatility of 5.38% compared to WisdomTree Physical Gold (PHGP.L) at 5.10%. This indicates that XDER.L's price experiences larger fluctuations and is considered to be riskier than PHGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDER.L	PHGP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	5.10%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	19.93%	-6.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	23.05%	-7.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	16.21%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	15.80%	+2.97%

XDER.L vs. PHGP.L - Expense Ratio Comparison

XDER.L has a 0.33% expense ratio, which is lower than PHGP.L's 0.39% expense ratio.

Dividends

XDER.L vs. PHGP.L - Dividend Comparison

Neither XDER.L nor PHGP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDER.L and PHGP.L in my portfolio?

XDER.L and PHGP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDER.L or PHGP.L?

On fees, XDER.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDER.L or PHGP.L?

XDER.L is cheaper with a 0.33% expense ratio, compared with 0.39% for PHGP.L.

What is the main difference between XDER.L and PHGP.L?

XDER.L is categorized as REIT, while PHGP.L is Precious Metals. XDER.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while PHGP.L tracks Gold. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.33% for XDER.L and 0.39% for PHGP.L.