FCQTX vs. GDE

Last updated Jun 24, 2026

FCQTX (American Funds 2065 Target Date Retirement Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both funds - FCQTX is a Target Retirement Date fund managed by American Funds, while GDE is a Gold fund actively managed by WisdomTree. Over the past 3 years, FCQTX returned 19.48%/yr vs 40.84%/yr for GDE. A 0.68 correlation means they provide meaningful diversification when combined. FCQTX charges 0.01%/yr vs 0.20%/yr for GDE.

Performance

FCQTX vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2065 Target Date Retirement Fund (FCQTX) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCQTX achieves a 11.05% return, which is significantly higher than GDE's -0.50% return.

FCQTX

• 1D: -0.13%
• 1M: 2.33%
• YTD: 11.05%
• 6M: 10.57%
• 1Y: 25.07%
• 3Y*: 19.48%
• 5Y*: 9.99%
• 10Y*: —

GDE

• 1D: -3.14%
• 1M: -10.04%
• YTD: -0.50%
• 6M: -5.03%
• 1Y: 37.19%
• 3Y*: 40.84%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCQTX vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FCQTX American Funds 2065 Target Date Retirement Fund	11.05%	20.74%	15.64%	21.56%	-9.98%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	-0.50%	73.76%	44.79%	33.85%	-8.58%

Correlation

The correlation between FCQTX and GDE is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.68

The correlation between FCQTX and GDE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

Return for Risk

FCQTX vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCQTX

FCQTX Risk / Return Rank: 56
FCQTX Sharpe Ratio Rank: 55
FCQTX Sortino Ratio Rank: 53
FCQTX Omega Ratio Rank: 55
FCQTX Calmar Ratio Rank: 53
FCQTX Martin Ratio Rank: 64

GDE

GDE Risk / Return Rank: 34
GDE Sharpe Ratio Rank: 36
GDE Sortino Ratio Rank: 32
GDE Omega Ratio Rank: 37
GDE Calmar Ratio Rank: 34
GDE Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCQTX vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2065 Target Date Retirement Fund (FCQTX) 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.

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.

	FCQTX	GDE	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.23	+0.80
Sortino ratio: Return per unit of downside risk	2.81	1.65	+1.17
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	2.65	1.65	+1.00
Martin ratio: Return relative to average drawdown	11.79	4.59	+7.19

FCQTX vs. GDE - Sharpe Ratio Comparison

The current FCQTX Sharpe Ratio is 2.03, which is higher than the GDE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of FCQTX and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCQTX vs. GDE - Drawdown Comparison

The maximum FCQTX drawdown since its inception was -27.34%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for FCQTX and GDE.

Drawdown Indicators

	FCQTX	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-32.01%	+4.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-22.66%	+12.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	-22.66%	+7.13%
Max Drawdown (5Y) Largest decline over 5 years	-27.34%	—	—
Current Drawdown Current decline from peak	-0.18%	-19.50%	+19.32%
Average Drawdown Average peak-to-trough decline	-5.85%	-7.97%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	8.12%	-5.91%

Volatility

FCQTX vs. GDE - Volatility Comparison

The current volatility for American Funds 2065 Target Date Retirement Fund (FCQTX) is 5.13%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.41%. This indicates that FCQTX 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.

Volatility by Period

	FCQTX	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	11.41%	-6.28%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	26.51%	-15.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	30.33%	-17.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	27.15%	-12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	27.15%	-12.04%

FCQTX vs. GDE - Expense Ratio Comparison

FCQTX has a 0.01% expense ratio, which is lower than GDE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FCQTX vs. GDE - Dividend Comparison

FCQTX's dividend yield for the trailing twelve months is around 4.20%, less than GDE's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FCQTX American Funds 2065 Target Date Retirement Fund	4.20%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.34%	4.32%	7.14%	2.22%	0.81%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCQTX and GDE in my portfolio?

FCQTX and GDE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCQTX or GDE?

GDE has higher volatility (11.41%) compared to FCQTX (5.13%). In terms of maximum drawdown, FCQTX dropped -27.34% vs GDE's -32.01%.

Which has better risk-adjusted returns?

FCQTX currently has the higher Sharpe Ratio (2.03 vs 1.23), 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.