DDWM vs. GLD
DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - DDWM is a Foreign Large Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International Equity Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, DDWM returned 10.64%/yr vs 11.05%/yr for GLD. Their 0.10 correlation means their historical movements had little consistent relationship. Both charge a 0.40% expense ratio.
Performance
DDWM vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, DDWM achieves a 9.49% return, which is significantly higher than GLD's -6.25% return. Both investments have delivered pretty close results over the past 10 years, with DDWM having a 10.64% annualized return and GLD not far ahead at 11.05%.
DDWM
- 1D
- -0.41%
- 1M
- 0.71%
- 6M
- 5.28%
- YTD
- 9.49%
- 1Y
- 21.99%
- 3Y*
- 17.74%
- 5Y*
- 13.00%
- 10Y*
- 10.64%
- ALL TIME*
- 10.83%
GLD
- 1D
- -1.49%
- 1M
- -1.74%
- 6M
- -16.50%
- YTD
- -6.25%
- 1Y
- 20.20%
- 3Y*
- 27.22%
- 5Y*
- 16.95%
- 10Y*
- 11.05%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.12M | $4.14M | $4.85M | |
| $2.38B | $2.40B | $2.72B |
DDWM vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund | 9.49% | 30.07% | 10.70% | 15.25% | -0.77% | 14.84% | -4.56% | 21.43% | -11.75% | 18.80% |
GLD SPDR Gold Shares | -6.25% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between DDWM and GLD is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2016 | 0.10 |
Over the past year, DDWM and GLD have become more correlated (0.39) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
DDWM vs. GLD — Risk / Return Rank
DDWM
GLD
DDWM vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and SPDR Gold Shares (GLD). 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.
| DDWM | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.86 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.35 | 1.86 | +5.49 |
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Drawdowns
DDWM vs. GLD - Drawdown Comparison
The maximum DDWM drawdown since its inception was -35.00%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for DDWM and GLD.
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Drawdown Indicators
| DDWM | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -45.56% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -26.40% | +15.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -26.40% | +14.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -26.40% | +11.61% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -26.40% | -8.60% |
Current DrawdownCurrent decline from peak | -0.41% | -25.08% | +24.67% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -16.21% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 12.18% | -9.25% |
Volatility
DDWM vs. GLD - Volatility Comparison
The current volatility for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) is 3.29%, while SPDR Gold Shares (GLD) has a volatility of 6.40%. This indicates that DDWM experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDWM | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 6.40% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 23.52% | -12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 28.13% | -15.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 18.49% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 16.14% | -1.07% |
DDWM vs. GLD - Expense Ratio Comparison
Both DDWM and GLD have an expense ratio of 0.40%.
Dividends
DDWM vs. GLD - Dividend Comparison
DDWM's dividend yield for the trailing twelve months is around 2.52%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund | 2.52% | 2.47% | 3.57% | 4.46% | 4.28% | 3.73% | 3.52% | 3.63% | 4.40% | 2.65% | 4.00% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DDWM and GLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (6.40%) compared to DDWM (3.29%). In terms of maximum drawdown, DDWM dropped -35.00% vs GLD's -45.56%.
On 10-year performance, GLD leads with 11.05% vs 10.64% for DDWM. Both ETFs have the same 0.40% expense ratio. On volatility, DDWM has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 11.05% return vs 10.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DDWM and GLD have the same expense ratio: 0.40% per year.
DDWM has the higher dividend yield at 2.52%, compared with 0.00% for GLD.
DDWM is categorized as Foreign Large Cap Equities, while GLD is Gold. DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: WisdomTree and State Street.
DDWM currently has the higher Sharpe Ratio (1.68 vs 0.81), 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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