DES vs. GLDM
Compare and contrast key facts about WisdomTree U.S. SmallCap Dividend Fund (DES) and SPDR Gold MiniShares Trust (GLDM).
DES and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both DES and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DES or GLDM.
Key characteristics
| DES | GLDM | |
|---|---|---|
| YTD Return | -2.29% | 13.05% |
| 1Y Return | 18.52% | 17.21% |
| 3Y Return (Ann) | 2.02% | 9.28% |
| 5Y Return (Ann) | 5.06% | 12.54% |
| Sharpe Ratio | 0.89 | 1.36 |
| Daily Std Dev | 19.27% | 12.22% |
| Max Drawdown | -65.49% | -21.63% |
| Current Drawdown | -4.23% | -2.41% |
Correlation
The correlation between DES and GLDM is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DES vs. GLDM - Performance Comparison
In the year-to-date period, DES achieves a -2.29% return, which is significantly lower than GLDM's 13.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DES vs. GLDM - Expense Ratio Comparison
DES has a 0.38% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
DES vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
DES vs. GLDM - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.84%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.84% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 2.94% | 2.68% | 2.45% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DES vs. GLDM - Drawdown Comparison
The maximum DES drawdown since its inception was -65.49%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for DES and GLDM. For additional features, visit the drawdowns tool.
Volatility
DES vs. GLDM - Volatility Comparison
WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 5.57% compared to SPDR Gold MiniShares Trust (GLDM) at 5.08%. This indicates that DES's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.