XGDU.L vs. GLDW.L
XGDU.L (Xtrackers IE Physical Gold ETC Securities) and GLDW.L (WisdomTree Core Physical Gold) are both Precious Metals funds tracking the Gold, from Xtrackers and WisdomTree respectively. Both are passively managed. Over the past 5 years, XGDU.L returned 18.61%/yr vs 18.61%/yr for GLDW.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
XGDU.L vs. GLDW.L - Performance Comparison
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Different Trading Currencies
XGDU.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XGDU.L having a 3.77% return and GLDW.L slightly lower at 3.71%.
XGDU.L
- 1D
- 0.58%
- 1M
- -2.38%
- YTD
- 3.77%
- 6M
- 5.98%
- 1Y
- 32.35%
- 3Y*
- 31.54%
- 5Y*
- 18.61%
- 10Y*
- —
GLDW.L
- 1D
- 0.68%
- 1M
- -2.18%
- YTD
- 3.71%
- 6M
- 6.15%
- 1Y
- 32.41%
- 3Y*
- 31.46%
- 5Y*
- 18.61%
- 10Y*
- —
XGDU.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGDU.L Xtrackers IE Physical Gold ETC Securities | 3.77% | 64.71% | 26.20% | 13.45% | 0.32% | 4.57% |
GLDW.L WisdomTree Core Physical Gold | 3.71% | 65.15% | 26.05% | 12.92% | -0.13% | 6.27% |
Correlation
The correlation between XGDU.L and GLDW.L 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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | 0.93 |
The correlation between XGDU.L and GLDW.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
XGDU.L vs. GLDW.L — Risk / Return Rank
XGDU.L
GLDW.L
XGDU.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.L) and WisdomTree Core Physical Gold (GLDW.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.
| XGDU.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.82 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.73 | 4.75 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGDU.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.34 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.07 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.16 | -0.16 |
Drawdowns
XGDU.L vs. GLDW.L - Drawdown Comparison
The maximum XGDU.L drawdown since its inception was -21.59%, roughly equal to the maximum GLDW.L drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for XGDU.L and GLDW.L.
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Drawdown Indicators
| XGDU.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -21.42% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -17.74% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -17.74% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -21.42% | +0.42% |
Current DrawdownCurrent decline from peak | -15.82% | -15.82% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -5.39% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 6.81% | +0.01% |
Volatility
XGDU.L vs. GLDW.L - Volatility Comparison
Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a higher volatility of 6.39% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.73%. This indicates that XGDU.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGDU.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 5.73% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 21.85% | 20.82% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.87% | 24.07% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 17.35% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 17.18% | +0.13% |
XGDU.L vs. GLDW.L - Expense Ratio Comparison
Both XGDU.L and GLDW.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGDU.L vs. GLDW.L - Dividend Comparison
Neither XGDU.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, XGDU.L and GLDW.L 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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L and GLDW.L have the same expense ratio: 0.12% per year.
Both ETFs track Gold. They also come from different issuers: Xtrackers and WisdomTree.
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