AUAU vs. GDMN

Last updated Jun 26, 2026

AUAU (Global X Gold Miners ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - AUAU is a Gold fund tracking the NYSE Arca Gold Miners Index, while GDMN is a Commodities fund actively managed by WisdomTree. AUAU is passively managed, while GDMN is actively managed. With a 0.97 correlation, they move nearly in lockstep. AUAU charges 0.35%/yr vs 0.45%/yr for GDMN.

Performance

AUAU vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) 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, AUAU achieves a -11.09% return, which is significantly higher than GDMN's -21.74% return.

AUAU

• 1D: 1.41%
• 1M: -14.50%
• YTD: -11.09%
• 6M: -14.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDMN

• 1D: 2.18%
• 1M: -22.46%
• YTD: -21.74%
• 6M: -27.72%
• 1Y: 48.92%
• 3Y*: 53.36%
• 5Y*: —
• 10Y*: —

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

AUAU vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	-11.09%	4.18%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-21.74%	6.00%

Correlation

The correlation between AUAU and GDMN 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 (All Time) Calculated using the full available price history since Dec 10, 2025	0.97

Return for Risk

AUAU vs. GDMN — Risk / Return Rank

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

AUAU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GDMN

GDMN Risk / Return Rank: 24
GDMN Sharpe Ratio Rank: 23
GDMN Sortino Ratio Rank: 25
GDMN Omega Ratio Rank: 28
GDMN Calmar Ratio Rank: 23
GDMN Martin Ratio Rank: 22

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.

AUAU vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) 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.

	AUAU	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.76	—
Sortino ratio: Return per unit of downside risk	—	1.26	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	0.99	—
Martin ratio: Return relative to average drawdown	—	2.52	—

Drawdowns

AUAU vs. GDMN - Drawdown Comparison

The maximum AUAU drawdown since its inception was -35.86%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for AUAU and GDMN.

Drawdown Indicators

	AUAU	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-35.86%	-52.82%	+16.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.72%	—
Current Drawdown Current decline from peak	-34.32%	-48.62%	+14.30%
Average Drawdown Average peak-to-trough decline	-14.51%	-19.19%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.48%	—

Volatility

Volatility by Period

	AUAU	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.21%	64.36%	-12.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.21%	48.30%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.21%	48.30%	+3.91%

AUAU vs. GDMN - Expense Ratio Comparison

AUAU has a 0.35% expense ratio, which is lower than GDMN's 0.45% expense ratio.

Dividends

AUAU vs. GDMN - Dividend Comparison

AUAU has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 3.45%.

Position	TTM	2025	2024	2023	2022
AUAU Global X Gold Miners ETF	0.00%	0.00%	0.00%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.45%	2.70%	9.44%	7.69%	1.44%

Frequently Asked Questions

Can I hold both AUAU and GDMN in my portfolio?

With a correlation of 0.97, AUAU and GDMN 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.

Which ETF is better, AUAU or GDMN?

On fees, AUAU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or GDMN?

AUAU is cheaper with a 0.35% expense ratio, compared with 0.45% for GDMN.

Which ETF pays a higher dividend yield, AUAU or GDMN?

GDMN has the higher dividend yield at 3.45%, compared with 0.00% for AUAU.

What is the main difference between AUAU and GDMN?

AUAU is categorized as Gold, while GDMN is Commodities. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.35% for AUAU and 0.45% for GDMN.