BTGD vs. GDE

Last updated Jun 4, 2026

BTGD (STKD Bitcoin & Gold ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - BTGD is a Cryptocurrency fund actively managed by Quantify Funds, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past year, BTGD returned -30.17% vs 53.13% for GDE. A 0.61 correlation means they provide meaningful diversification when combined. BTGD charges 1.00%/yr vs 0.20%/yr for GDE.

Performance

BTGD vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STKD Bitcoin & Gold ETF (BTGD) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTGD achieves a -28.65% return, which is significantly lower than GDE's 9.79% return.

BTGD

• 1D: -4.01%
• 1M: -20.36%
• YTD: -28.65%
• 6M: -31.64%
• 1Y: -30.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDE

• 1D: -1.35%
• 1M: 1.88%
• YTD: 9.79%
• 6M: 11.87%
• 1Y: 53.13%
• 3Y*: 46.68%
• 5Y*: —
• 10Y*: —

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

BTGD vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTGD STKD Bitcoin & Gold ETF	-28.65%	34.62%	29.81%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	9.79%	73.76%	-0.51%

Correlation

The correlation between BTGD and GDE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.61

The correlation between BTGD and GDE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

Return for Risk

BTGD vs. GDE — Risk / Return Rank

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

BTGD

BTGD Risk / Return Rank: 4
BTGD Sharpe Ratio Rank: 4
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 4
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 3

GDE

GDE Risk / Return Rank: 49
GDE Sharpe Ratio Rank: 54
GDE Sortino Ratio Rank: 45
GDE Omega Ratio Rank: 54
GDE Calmar Ratio Rank: 47
GDE Martin Ratio Rank: 44

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.

BTGD vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) 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.

	BTGD	GDE	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	1.88	-2.43
Sortino ratio: Return per unit of downside risk	-0.51	2.32	-2.83
Omega ratio: Gain probability vs. loss probability	0.94	1.34	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.63	2.36	-2.99
Martin ratio: Return relative to average drawdown	-1.25	7.34	-8.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTGD vs. GDE - Sharpe Ratio Comparison

The current BTGD Sharpe Ratio is -0.55, which is lower than the GDE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BTGD and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTGD	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	1.88	-2.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	1.15	-0.89

Drawdowns

BTGD vs. GDE - Drawdown Comparison

The maximum BTGD drawdown since its inception was -47.73%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for BTGD and GDE.

Drawdown Indicators

	BTGD	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-47.73%	-32.01%	-15.72%
Max Drawdown (1Y) Largest decline over 1 year	-47.73%	-22.66%	-25.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.66%	—
Current Drawdown Current decline from peak	-47.73%	-11.17%	-36.56%
Average Drawdown Average peak-to-trough decline	-14.58%	-7.88%	-6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.09%	7.26%	+16.83%

Volatility

BTGD vs. GDE - Volatility Comparison

STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 11.95% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 6.65%. This indicates that BTGD'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.

Volatility by Period

	BTGD	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.95%	6.65%	+5.30%
Volatility (6M) Calculated over the trailing 6-month period	45.64%	24.24%	+21.40%
Volatility (1Y) Calculated over the trailing 1-year period	55.04%	28.39%	+26.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.51%	26.12%	+29.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.51%	26.12%	+29.39%

BTGD vs. GDE - Expense Ratio Comparison

BTGD has a 1.00% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

BTGD vs. GDE - Dividend Comparison

BTGD's dividend yield for the trailing twelve months is around 4.71%, more than GDE's 3.94% yield.

Position	TTM	2025	2024	2023	2022
BTGD STKD Bitcoin & Gold ETF	4.71%	3.36%	0.19%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.94%	4.32%	7.14%	2.22%	0.81%

Frequently Asked Questions

Can I hold both BTGD and GDE in my portfolio?

BTGD and GDE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTGD or GDE?

BTGD has higher volatility (11.95%) compared to GDE (6.65%). In terms of maximum drawdown, BTGD dropped -47.73% vs GDE's -32.01%.

Which ETF is better, BTGD or GDE?

On 1-year performance, GDE leads with 53.13% vs -30.17% for BTGD. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTGD or GDE?

Over the 1-year period, GDE has performed better with a 53.13% return vs -30.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTGD or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 1.00% for BTGD.

Which ETF pays a higher dividend yield, BTGD or GDE?

BTGD has the higher dividend yield at 4.71%, compared with 3.94% for GDE.

What is the main difference between BTGD and GDE?

BTGD is categorized as Cryptocurrency, while GDE is Gold. They also come from different issuers: Quantify Funds and WisdomTree. Their fees differ too: 1.00% for BTGD and 0.20% for GDE.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.88 vs -0.55), 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.