CHDN vs. GDE
CHDN (Churchill Downs Incorporated) is a stock, while GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree. Over the past 3 years, CHDN returned -11.20%/yr vs 40.14%/yr for GDE. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
CHDN vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, CHDN achieves a -26.64% return, which is significantly lower than GDE's 0.83% return.
CHDN
- 1D
- -0.98%
- 1M
- -8.18%
- 6M
- -12.62%
- YTD
- -26.64%
- 1Y
- -21.24%
- 3Y*
- -11.20%
- 5Y*
- -1.50%
- 10Y*
- 13.97%
- ALL TIME*
- 11.06%
GDE
- 1D
- 1.69%
- 1M
- 0.11%
- 6M
- -6.46%
- YTD
- 0.83%
- 1Y
- 35.63%
- 3Y*
- 40.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.20M | $87.04M | $86.46M | |
| $5.45M | $8.45M | $9.78M |
CHDN vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CHDN Churchill Downs Incorporated | -26.64% | -14.47% | -0.74% | 28.06% | -6.02% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 0.83% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between CHDN and GDE is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.27 |
Over the past year, the correlation between CHDN and GDE has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
CHDN vs. GDE — Risk / Return Rank
CHDN
GDE
CHDN vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Churchill Downs Incorporated (CHDN) 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.
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.
| CHDN | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.22 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 1.58 | -2.29 |
| Martin ratioReturn relative to average drawdown | -1.17 | 3.45 | -4.61 |
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Drawdowns
CHDN vs. GDE - Drawdown Comparison
The maximum CHDN drawdown since its inception was -62.86%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for CHDN and GDE.
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Drawdown Indicators
| CHDN | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.86% | -32.01% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -30.15% | -22.66% | -7.49% |
Max Drawdown (3Y)Largest decline over 3 years | -43.91% | -22.66% | -21.25% |
Max Drawdown (5Y)Largest decline over 5 years | -44.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.86% | — | — |
Current DrawdownCurrent decline from peak | -43.44% | -18.42% | -25.02% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -8.26% | -9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.28% | 10.37% | +7.91% |
Volatility
CHDN vs. GDE - Volatility Comparison
Churchill Downs Incorporated (CHDN) has a higher volatility of 10.52% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 8.13%. This indicates that CHDN'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
| CHDN | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 8.13% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 27.77% | 24.41% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.67% | 31.15% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.73% | 27.12% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 27.12% | +10.51% |
Dividends
CHDN vs. GDE - Dividend Comparison
CHDN's dividend yield for the trailing twelve months is around 0.52%, less than GDE's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHDN Churchill Downs Incorporated | 0.52% | 0.38% | 0.31% | 0.28% | 0.34% | 0.28% | 0.32% | 0.42% | 0.67% | 0.65% | 0.88% | 0.81% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.28% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHDN and GDE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHDN has higher volatility (10.52%) compared to GDE (8.13%). In terms of maximum drawdown, CHDN dropped -62.86% vs GDE's -32.01%.
GDE currently has the higher Sharpe Ratio (1.15 vs -0.63), 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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