ELD vs. GDE
ELD (WisdomTree Emerging Markets Local Debt Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, ELD returned 7.80%/yr vs 46.68%/yr for GDE. At a 0.43 correlation, their price movements are largely independent. ELD charges 0.55%/yr vs 0.20%/yr for GDE.
Performance
ELD vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 0.74% return, which is significantly lower than GDE's 9.79% return.
ELD
- 1D
- -0.42%
- 1M
- 0.61%
- YTD
- 0.74%
- 6M
- 1.87%
- 1Y
- 10.72%
- 3Y*
- 7.80%
- 5Y*
- 2.31%
- 10Y*
- 2.86%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
ELD vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 21.77% | -4.56% | 14.29% | -2.27% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between ELD and GDE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.43 |
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Return for Risk
ELD vs. GDE — Risk / Return Rank
ELD
GDE
ELD vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) 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.
| ELD | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.36 | -0.85 |
| Martin ratioReturn relative to average drawdown | 5.31 | 7.34 | -2.03 |
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
| ELD | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.88 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.15 | -1.03 |
Drawdowns
ELD vs. GDE - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, roughly equal to the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for ELD and GDE.
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Drawdown Indicators
| ELD | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -32.01% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -22.66% | +15.51% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -22.66% | +11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -11.17% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -7.88% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 7.26% | -5.24% |
Volatility
ELD vs. GDE - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 2.73%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.65%. This indicates that ELD 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
| ELD | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 6.65% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 24.24% | -17.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 28.39% | -19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 26.12% | -15.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 26.12% | -14.85% |
ELD vs. GDE - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
ELD vs. GDE - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.82%, more than GDE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.82% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
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
ELD and GDE have a correlation of 0.49, 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 ELD (2.73%). In terms of maximum drawdown, ELD dropped -31.92% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 7.80% for ELD. On fees, GDE is cheaper at 0.20% per year. On volatility, ELD has been the lower-risk option at 2.73%. 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 7.80%. 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 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 3.94% for GDE.
ELD is categorized as Emerging Markets Bonds, while GDE is Gold. Their fees differ too: 0.55% for ELD and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.27), 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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