AUMI vs. GDMN

Last updated Jun 24, 2026

AUMI (Themes Gold Miners ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while GDMN is a Commodities fund actively managed by WisdomTree. AUMI is passively managed, while GDMN is actively managed. Over the past year, AUMI returned 42.36% vs 50.67% for GDMN. Their correlation of 0.91 suggests significant overlap in exposure. AUMI charges 0.35%/yr vs 0.45%/yr for GDMN.

Performance

AUMI vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) 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, AUMI achieves a -13.29% return, which is significantly higher than GDMN's -17.89% return.

AUMI

• 1D: -4.42%
• 1M: -8.75%
• YTD: -13.29%
• 6M: -17.30%
• 1Y: 42.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDMN

• 1D: -5.34%
• 1M: -15.68%
• YTD: -17.89%
• 6M: -24.58%
• 1Y: 50.67%
• 3Y*: 56.12%
• 5Y*: —
• 10Y*: —

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

AUMI vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	-13.29%	164.18%	30.61%	10.23%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-17.89%	237.09%	28.23%	11.94%

Correlation

The correlation between AUMI and GDMN is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.91

The correlation between AUMI and GDMN has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

AUMI vs. GDMN - Sectors Allocation Comparison

Sectors	AUMI	GDMN
Basic Materials	99.3%	100.0%
Communication Services	0.2%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AUMI vs. GDMN — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 25
AUMI Sharpe Ratio Rank: 25
AUMI Sortino Ratio Rank: 25
AUMI Omega Ratio Rank: 26
AUMI Calmar Ratio Rank: 23
AUMI Martin Ratio Rank: 24

GDMN

GDMN Risk / Return Rank: 24
GDMN Sharpe Ratio Rank: 23
GDMN Sortino Ratio Rank: 24
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.

AUMI vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

	AUMI	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.79	+0.05
Sortino ratio: Return per unit of downside risk	1.32	1.29	+0.02
Omega ratio: Gain probability vs. loss probability	1.18	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.08	1.04	+0.04
Martin ratio: Return relative to average drawdown	2.97	2.68	+0.30

AUMI vs. GDMN - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 0.85, which is comparable to the GDMN Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of AUMI 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

AUMI vs. GDMN - Drawdown Comparison

The maximum AUMI drawdown since its inception was -39.28%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for AUMI and GDMN.

Drawdown Indicators

	AUMI	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-52.82%	+13.54%
Max Drawdown (1Y) Largest decline over 1 year	-39.28%	-48.76%	+9.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-48.76%	—
Current Drawdown Current decline from peak	-34.76%	-46.10%	+11.34%
Average Drawdown Average peak-to-trough decline	-7.57%	-19.14%	+11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.30%	19.00%	-4.70%

Volatility

AUMI vs. GDMN - Volatility Comparison

The current volatility for Themes Gold Miners ETF (AUMI) is 18.19%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.22%. This indicates that AUMI experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUMI	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.19%	22.22%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	41.34%	55.20%	-13.86%
Volatility (1Y) Calculated over the trailing 1-year period	50.13%	64.10%	-13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.46%	48.22%	-5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.46%	48.22%	-5.76%

AUMI vs. GDMN - Expense Ratio Comparison

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

Dividends

AUMI vs. GDMN - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 1.00%, less than GDMN's 3.29% yield.

Position	TTM	2025	2024	2023	2022
AUMI Themes Gold Miners ETF	1.00%	0.86%	1.84%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.29%	2.70%	9.44%	7.69%	1.44%

Frequently Asked Questions

Can I hold both AUMI and GDMN in my portfolio?

With a correlation of 0.94, AUMI 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 is riskier, AUMI or GDMN?

GDMN has higher volatility (22.22%) compared to AUMI (18.19%). In terms of maximum drawdown, AUMI dropped -39.28% vs GDMN's -52.82%.

Which ETF is better, AUMI or GDMN?

On 1-year performance, GDMN leads with 50.67% vs 42.36% for AUMI. On fees, AUMI is cheaper at 0.35% per year. On volatility, AUMI has been the lower-risk option at 18.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUMI or GDMN?

Over the 1-year period, GDMN has performed better with a 50.67% return vs 42.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUMI or GDMN?

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

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

GDMN has the higher dividend yield at 3.29%, compared with 1.00% for AUMI.

What is the main difference between AUMI and GDMN?

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

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (0.85 vs 0.79), 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.