AA vs. GDE
AA (Alcoa Corporation) is a stock, while GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree. Over the past 3 years, AA returned 29.24%/yr vs 44.47%/yr for GDE. At a 0.46 correlation, their price movements are largely independent.
Performance
AA vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, AA achieves a 38.65% return, which is significantly higher than GDE's 5.74% return.
AA
- 1D
- 2.16%
- 1M
- 16.43%
- YTD
- 38.65%
- 6M
- 65.72%
- 1Y
- 164.65%
- 3Y*
- 29.24%
- 5Y*
- 15.22%
- 10Y*
- —
GDE
- 1D
- 0.95%
- 1M
- -7.44%
- YTD
- 5.74%
- 6M
- 8.50%
- 1Y
- 47.93%
- 3Y*
- 44.47%
- 5Y*
- —
- 10Y*
- —
AA vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AA Alcoa Corporation | 38.65% | 42.46% | 12.43% | -24.33% | -43.32% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.74% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between AA and GDE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.46 |
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Return for Risk
AA vs. GDE — Risk / Return Rank
AA
GDE
AA vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcoa Corporation (AA) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
| AA | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 10.49 | 2.13 | +8.36 |
| Martin ratioReturn relative to average drawdown | 25.51 | 6.49 | +19.02 |
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
| AA | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.11 | 1.66 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.10 | -0.85 |
Drawdowns
AA vs. GDE - Drawdown Comparison
The maximum AA drawdown since its inception was -90.90%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for AA and GDE.
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Drawdown Indicators
| AA | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -32.01% | -58.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -22.66% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -52.25% | -22.66% | -29.59% |
Max Drawdown (5Y)Largest decline over 5 years | -75.46% | — | — |
Current DrawdownCurrent decline from peak | -19.12% | -14.44% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -46.18% | -7.90% | -38.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 7.40% | -0.92% |
Volatility
AA vs. GDE - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 18.33% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 8.25%. This indicates that AA's price experiences larger fluctuations and is considered to be riskier than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AA | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.33% | 8.25% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 39.63% | 25.04% | +14.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.40% | 29.09% | +24.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.08% | 26.26% | +29.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.59% | 26.26% | +29.33% |
Dividends
AA vs. GDE - Dividend Comparison
AA's dividend yield for the trailing twelve months is around 0.54%, less than GDE's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.54% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.09% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AA and GDE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (18.33%) compared to GDE (8.25%). In terms of maximum drawdown, AA dropped -90.90% vs GDE's -32.01%.
AA currently has the higher Sharpe Ratio (3.11 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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