CNL.TO vs. GDMN

Last updated Apr 1, 2026

Compare and contrast key facts about Collective Mining Ltd (CNL.TO) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN).

GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021.

Performance

CNL.TO vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Collective Mining Ltd (CNL.TO) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

CNL.TO vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CNL.TO Collective Mining Ltd	22.15%	235.01%	41.13%	65.88%	-13.56%	-3.28%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	10.24%	221.63%	39.25%	10.48%	-8.54%	4.04%

Different Trading Currencies

CNL.TO is traded in CAD, while GDMN is traded in USD. To make them comparable, the GDMN values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CNL.TO achieves a 22.15% return, which is significantly higher than GDMN's 10.24% return.

CNL.TO

• 1D: 9.55%
• 1M: -14.01%
• YTD: 22.15%
• 6M: 20.88%
• 1Y: 94.66%
• 3Y*: 80.56%
• 5Y*: 91.04%
• 10Y*: —

GDMN

• 1D: 9.26%
• 1M: -26.30%
• YTD: 10.24%
• 6M: 31.51%
• 1Y: 132.14%
• 3Y*: 66.99%
• 5Y*: —
• 10Y*: —

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

Return for Risk

CNL.TO vs. GDMN — Risk / Return Rank

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

CNL.TO

CNL.TO Risk / Return Rank: 81
CNL.TO Sharpe Ratio Rank: 83
CNL.TO Sortino Ratio Rank: 79
CNL.TO Omega Ratio Rank: 75
CNL.TO Calmar Ratio Rank: 86
CNL.TO Martin Ratio Rank: 82

GDMN

GDMN Risk / Return Rank: 91
GDMN Sharpe Ratio Rank: 94
GDMN Sortino Ratio Rank: 88
GDMN Omega Ratio Rank: 88
GDMN Calmar Ratio Rank: 94
GDMN Martin Ratio Rank: 92

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.

CNL.TO vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Collective Mining Ltd (CNL.TO) 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.

	CNL.TO	GDMN	Difference
Sharpe ratio Return per unit of total volatility	1.47	2.15	-0.67
Sortino ratio Return per unit of downside risk	2.04	2.31	-0.26
Omega ratio Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio Return relative to maximum drawdown	3.11	3.54	-0.44
Martin ratio Return relative to average drawdown	6.59	12.23	-5.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNL.TO vs. GDMN - Sharpe Ratio Comparison

The current CNL.TO Sharpe Ratio is 1.47, which is lower than the GDMN Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CNL.TO and GDMN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNL.TO	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.15	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.06	-0.64

Correlation

The correlation between CNL.TO and GDMN is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CNL.TO vs. GDMN - Dividend Comparison

CNL.TO has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.48%.

	TTM	2025	2024	2023	2022
CNL.TO Collective Mining Ltd	0.00%	0.00%	0.00%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.48%	2.70%	9.44%	7.69%	1.44%

Drawdowns

CNL.TO vs. GDMN - Drawdown Comparison

The maximum CNL.TO drawdown since its inception was -77.14%, which is greater than GDMN's maximum drawdown of -49.27%. Use the drawdown chart below to compare losses from any high point for CNL.TO and GDMN.

Drawdown Indicators

	CNL.TO	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-77.14%	-52.82%	-24.32%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-39.03%	+7.03%
Max Drawdown (5Y) Largest decline over 5 years	-56.43%	—	—
Current Drawdown Current decline from peak	-14.01%	-28.60%	+14.59%
Average Drawdown Average peak-to-trough decline	-32.66%	-18.45%	-14.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.09%	11.39%	+3.70%

Volatility

CNL.TO vs. GDMN - Volatility Comparison

Collective Mining Ltd (CNL.TO) has a higher volatility of 26.35% compared to WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) at 24.65%. This indicates that CNL.TO's price experiences larger fluctuations and is considered to be riskier than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNL.TO	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.35%	24.65%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	51.43%	52.72%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	64.69%	61.94%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.93%	44.69%	+67.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.66%	44.69%	+55.97%