DNL vs. GDE
DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - DNL is a Foreign Large Cap Equities fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index, while GDE is a Gold fund actively managed by WisdomTree. DNL is passively managed, while GDE is actively managed. Over the past 3 years, DNL returned 10.72%/yr vs 46.68%/yr for GDE. A 0.65 correlation means they provide meaningful diversification when combined. DNL charges 0.58%/yr vs 0.20%/yr for GDE.
Performance
DNL vs. GDE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DNL having a 10.17% return and GDE slightly lower at 9.79%.
DNL
- 1D
- -0.96%
- 1M
- 3.92%
- YTD
- 10.17%
- 6M
- 11.58%
- 1Y
- 19.16%
- 3Y*
- 10.72%
- 5Y*
- 4.00%
- 10Y*
- 9.17%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
DNL vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 10.17% | 17.03% | -0.61% | 17.00% | -14.43% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between DNL and GDE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.65 |
The correlation between DNL and GDE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
DNL vs. GDE — Risk / Return Rank
DNL
GDE
DNL vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) 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.
| DNL | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.36 | -0.81 |
| Martin ratioReturn relative to average drawdown | 5.55 | 7.34 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DNL | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.88 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.15 | -0.89 |
Drawdowns
DNL vs. GDE - Drawdown Comparison
The maximum DNL drawdown since its inception was -44.53%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for DNL and GDE.
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Drawdown Indicators
| DNL | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.53% | -32.01% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -22.66% | +10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -22.66% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -11.17% | +10.21% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -7.88% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 7.26% | -3.80% |
Volatility
DNL vs. GDE - Volatility Comparison
The current volatility for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) is 5.51%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.65%. This indicates that DNL experiences smaller price fluctuations and is considered to be less risky 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
| DNL | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 6.65% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 24.24% | -9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 28.39% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 26.12% | -7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 26.12% | -7.47% |
DNL vs. GDE - Expense Ratio Comparison
DNL has a 0.58% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
DNL vs. GDE - Dividend Comparison
DNL's dividend yield for the trailing twelve months is around 1.66%, less than GDE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 1.66% | 2.06% | 2.30% | 1.81% | 4.82% | 1.38% | 1.76% | 1.93% | 2.55% | 1.86% | 2.51% | 1.98% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 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
DNL and GDE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.65%) compared to DNL (5.51%). In terms of maximum drawdown, DNL dropped -44.53% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 10.72% for DNL. On fees, GDE is cheaper at 0.20% per year. On volatility, DNL has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 46.68% return vs 10.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.58% for DNL.
GDE has the higher dividend yield at 3.94%, compared with 1.66% for DNL.
DNL is categorized as Foreign Large Cap Equities, while GDE is Gold. Their fees differ too: 0.58% for DNL and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.08), 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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