EPI vs. GLD
EPI (WisdomTree India Earnings Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, EPI returned 9.31%/yr vs 12.15%/yr for GLD. At a 0.14 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.40%/yr for GLD.
Performance
EPI vs. GLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EPI achieves a -9.12% return, which is significantly lower than GLD's -2.47% return. Over the past 10 years, EPI has underperformed GLD with an annualized return of 9.31%, while GLD has yielded a comparatively higher 12.15% annualized return.
EPI
- 1D
- 0.65%
- 1M
- -0.99%
- YTD
- -9.12%
- 6M
- -6.55%
- 1Y
- -9.08%
- 3Y*
- 7.36%
- 5Y*
- 5.53%
- 10Y*
- 9.31%
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
EPI vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -9.12% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between EPI and GLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2008 | 0.14 |
The correlation between EPI and GLD shifts across timeframes, from 0.14 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EPI vs. GLD — Risk / Return Rank
EPI
GLD
EPI vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) 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.
| EPI | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.98 | -1.59 |
| Martin ratioReturn relative to average drawdown | -1.44 | 2.81 | -4.25 |
Loading charts...
Drawdowns
EPI vs. GLD - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for EPI and GLD.
Loading charts...
Drawdown Indicators
| EPI | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -45.56% | -20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -24.46% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -24.46% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -24.46% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | -24.46% | -25.83% |
Current DrawdownCurrent decline from peak | -17.00% | -22.05% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -18.65% | -16.16% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 8.49% | -1.32% |
Volatility
EPI vs. GLD - Volatility Comparison
The current volatility for WisdomTree India Earnings Fund (EPI) is 4.09%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that EPI 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.
Loading charts...
Volatility by Period
| EPI | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 7.79% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 24.10% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 27.37% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 18.22% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 16.08% | +4.27% |
EPI vs. GLD - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
EPI vs. GLD - Dividend Comparison
Neither EPI nor GLD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
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% | 0.00% |
Frequently Asked Questions
EPI and GLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (7.79%) compared to EPI (4.09%). In terms of maximum drawdown, EPI dropped -66.21% vs GLD's -45.56%.
On 10-year performance, GLD leads with 12.15% vs 9.31% for EPI. On fees, GLD is cheaper at 0.40% per year. On volatility, EPI has been the lower-risk option at 4.09%. 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 12.15% return vs 9.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 0.84% for EPI.
EPI and GLD have nearly identical dividend yields, around 0.00%.
EPI is categorized as Emerging Markets Equities, while GLD is Gold. EPI tracks WisdomTree India Earnings Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.84% for EPI and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (0.87 vs -0.69), 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.
Find the right allocation for EPI and GLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer