ELM vs. GDT
ELM (Elm Market Navigator ETF) and GDT (WisdomTree Efficient TIPS Plus Gold Fund) are both Tactical Allocation funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. ELM charges 0.24%/yr vs 0.30%/yr for GDT.
Performance
ELM vs. GDT - Performance Comparison
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Returns By Period
ELM
- 1D
- 0.17%
- 1M
- 1.28%
- YTD
- 7.82%
- 6M
- 8.21%
- 1Y
- 20.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDT
- 1D
- -0.81%
- 1M
- -7.11%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ELM vs. GDT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ELM Elm Market Navigator ETF | 5.61% |
GDT WisdomTree Efficient TIPS Plus Gold Fund | -12.91% |
Correlation
The correlation between ELM and GDT is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026 | 0.50 |
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Return for Risk
ELM vs. GDT — Risk / Return Rank
ELM
GDT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ELM vs. GDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elm Market Navigator ETF (ELM) and WisdomTree Efficient TIPS Plus Gold Fund (GDT). 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.
| ELM | GDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | — | — |
| Martin ratioReturn relative to average drawdown | 10.95 | — | — |
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Drawdowns
ELM vs. GDT - Drawdown Comparison
The maximum ELM drawdown since its inception was -9.02%, smaller than the maximum GDT drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for ELM and GDT.
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Drawdown Indicators
| ELM | GDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.02% | -22.61% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -21.23% | +20.89% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -10.92% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | — | — |
Volatility
ELM vs. GDT - Volatility Comparison
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Volatility by Period
| ELM | GDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 33.07% | -23.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 33.07% | -22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 33.07% | -22.67% |
ELM vs. GDT - Expense Ratio Comparison
ELM has a 0.24% expense ratio, which is lower than GDT's 0.30% expense ratio.
Dividends
ELM vs. GDT - Dividend Comparison
ELM's dividend yield for the trailing twelve months is around 2.52%, more than GDT's 1.88% yield.
| Position | TTM | 2025 |
|---|---|---|
ELM Elm Market Navigator ETF | 2.52% | 2.71% |
GDT WisdomTree Efficient TIPS Plus Gold Fund | 1.88% | 0.00% |
Frequently Asked Questions
ELM and GDT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELM is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELM is cheaper with a 0.24% expense ratio, compared with 0.30% for GDT.
ELM has the higher dividend yield at 2.52%, compared with 1.88% for GDT.
They also come from different issuers: Elm and WisdomTree. Their fees differ too: 0.24% for ELM and 0.30% for GDT.
Find the right allocation for ELM and GDT
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