AU vs. GDMN

Last updated Jun 13, 2026

AU (AngloGold Ashanti Limited) is a stock, while GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) is Commodities fund actively managed by WisdomTree. Over the past 3 years, AU returned 58.20%/yr vs 56.30%/yr for GDMN. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

AU vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AngloGold Ashanti Limited (AU) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AU achieves a 4.15% return, which is significantly higher than GDMN's -13.77% return.

AU

• 1D: 3.75%
• 1M: -14.67%
• YTD: 4.15%
• 6M: 7.11%
• 1Y: 86.54%
• 3Y*: 58.20%
• 5Y*: 35.46%
• 10Y*: 20.46%

GDMN

• 1D: 2.11%
• 1M: -23.27%
• YTD: -13.77%
• 6M: -13.73%
• 1Y: 56.55%
• 3Y*: 56.30%
• 5Y*: —
• 10Y*: —

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

AU vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AU AngloGold Ashanti Limited	4.15%	288.18%	25.43%	-2.68%	-5.09%	9.96%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-13.77%	237.09%	28.23%	12.97%	-14.62%	6.93%

Correlation

The correlation between AU and GDMN is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.84

The correlation between AU and GDMN has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

AU vs. GDMN — Risk / Return Rank

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

AU

AU Risk / Return Rank: 79
AU Sharpe Ratio Rank: 83
AU Sortino Ratio Rank: 77
AU Omega Ratio Rank: 77
AU Calmar Ratio Rank: 80
AU Martin Ratio Rank: 81

GDMN

GDMN Risk / Return Rank: 29
GDMN Sharpe Ratio Rank: 28
GDMN Sortino Ratio Rank: 28
GDMN Omega Ratio Rank: 33
GDMN Calmar Ratio Rank: 27
GDMN Martin Ratio Rank: 26

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.

AU vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AngloGold Ashanti Limited (AU) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AU	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	1.50	0.90	+0.60
Sortino ratio: Return per unit of downside risk	1.95	1.38	+0.58
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	2.35	1.17	+1.18
Martin ratio: Return relative to average drawdown	6.18	3.15	+3.03

AU vs. GDMN - Sharpe Ratio Comparison

The current AU Sharpe Ratio is 1.50, which is higher than the GDMN Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of AU and GDMN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AU vs. GDMN - Drawdown Comparison

The maximum AU drawdown since its inception was -90.12%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for AU and GDMN.

Drawdown Indicators

	AU	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-52.82%	-37.30%
Max Drawdown (1Y) Largest decline over 1 year	-37.03%	-48.76%	+11.73%
Max Drawdown (3Y) Largest decline over 3 years	-38.71%	-48.76%	+10.05%
Max Drawdown (5Y) Largest decline over 5 years	-51.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.91%	—	—
Current Drawdown Current decline from peak	-30.75%	-43.39%	+12.64%
Average Drawdown Average peak-to-trough decline	-46.07%	-19.02%	-27.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.04%	18.01%	-3.97%

Volatility

AU vs. GDMN - Volatility Comparison

AngloGold Ashanti Limited (AU) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) have volatilities of 21.02% and 21.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AU	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.02%	21.98%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	46.50%	54.30%	-7.80%
Volatility (1Y) Calculated over the trailing 1-year period	58.45%	63.44%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.13%	48.07%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.79%	48.07%	+1.72%

Dividends

AU vs. GDMN - Dividend Comparison

AU's dividend yield for the trailing twelve months is around 5.33%, more than GDMN's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AU AngloGold Ashanti Limited	5.33%	2.96%	1.78%	1.14%	2.26%	2.58%	0.49%	0.30%	0.48%	0.93%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.13%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AU and GDMN in my portfolio?

AU and GDMN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AU or GDMN?

GDMN has higher volatility (21.98%) compared to AU (21.02%). In terms of maximum drawdown, AU dropped -90.12% vs GDMN's -52.82%.

Which has better risk-adjusted returns?

AU currently has the higher Sharpe Ratio (1.50 vs 0.90), 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.