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WisdomTree Physical Gold - EUR Daily Hedged (GBSE.MI)
About this ETF
This UCITS-eligible Exchange Traded Commodity (ETC) offers investors a straightforward, cost-effective, and secure means of gaining exposure to physical gold. A primary benefit is its daily hedging strategy, which works to neutralize currency risk by offsetting fluctuations in the EUR/USD exchange rate. The product enables participants to track the spot price of physical gold, after accounting for any applicable fees. Its value is underpinned by dedicated physical gold holdings, which are maintained by JPMorgan Chase Bank, N. A., acting as the custodian. Only gold bars that meet the London Bullion Market Association's (LBMA) Good Delivery specifications are accepted, with each bar being kept separate, uniquely identified, and individually assigned.
Price
Top 10 holdings
This fund does not disclose a securities portfolio (e.g. physically-backed or synthetic products).
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -5.14% |
| 3 months | -16.95% |
| 6 months | -14.13% |
| Year to date | -9.67% |
| 1 year | +15.75% |
| 3 years (ann.) | +23.61% |
| 5 years (ann.) | +14.24% |
| 10 years (ann.) | +8.37% |
Risk profile
| Volatility (1y, ann.) | 26.70% |
| Sharpe (1y) | 0.68 |
| Sharpe (3y) | 1.17 |
| Sortino (1y) | 0.88 |
| Max drawdown (1y) | -25.06% |
| Max drawdown (5y) | -25.06% |
| Max drawdown (full) | -28.76% |
| Beta vs S&P 500 (1y) | 0.45 |
| Correlation vs S&P 500 (1y) | 0.21 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
This fund does not disclose a securities portfolio (e.g. physically-backed commodity products or some synthetic structures).
Cost vs. peers
Comparison universe: 234 funds of the same asset class.
Cost impact calculator
Dividend history
Accumulating share class Income is reinvested inside the fund instead of being paid out. (inferred from the absence of distributions)
No distributions on record — accumulating share classes reinvest income instead of paying it out.
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Physical Gold ETC IGLN.L | 0.12% | 34.05B | — | +19.74% | 0.81 |
| iShares Physical Gold ETC SGLN.L | 0.12% | 34.05B | — | +20.53% | 0.89 |
| iShares Physical Gold ETC PPFB.SG | 0.12% | 34.02B | — | +22.86% | 0.97 |
| iShares Physical Gold ETC EGLN.L | 0.12% | 34.02B | — | +22.90% | 0.96 |
| iShares Silver Trust SLV | 0.50% | 28.37B | — | +54.55% | 1.04 |
| VanEck Gold Miners ETF GDX | 0.51% | 23.05B | 0.86% | +41.37% | 0.96 |
| Amundi Physical Gold ETC C GLDA.L | 0.12% | 10.84B | — | +20.49% | 0.88 |
| Amundi Physical Gold ETC C GOLD-EUR.PA | 0.12% | 10.83B | — | +22.14% | 0.93 |
| Amundi Physical Gold ETC C GOLD.PA | 0.12% | 10.83B | — | +22.36% | 0.94 |
| VanEck Junior Gold Miners ETF GDXJ | 0.52% | 7.11B | 2.78% | +41.29% | 0.92 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Gold Trust Micro IAUM | 0.09% | 6.41B | 0.0% |
| Xtrackers IE Physical Gold ETC Securities XGDU.L | 0.11% | 6.14B | 0.0% |
| Xtrackers IE Physical Gold ETC XGDU.DE | 0.11% | 6.14B | 0.0% |
