GBUG vs. GDMN

Last updated Jun 6, 2026

GBUG (Sprott Active Gold & Silver Miners ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - GBUG is a Gold fund actively managed by Sprott, while GDMN is a Commodities fund actively managed by WisdomTree. Both are actively managed. Over the past year, GBUG returned 46.03% vs 61.89% for GDMN. Their correlation of 0.93 suggests significant overlap in exposure. GBUG charges 0.89%/yr vs 0.45%/yr for GDMN.

Performance

GBUG vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Gold & Silver Miners ETF (GBUG) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBUG achieves a -11.03% return, which is significantly higher than GDMN's -12.60% return.

GBUG

• 1D: -9.73%
• 1M: -15.35%
• YTD: -11.03%
• 6M: -2.89%
• 1Y: 46.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDMN

• 1D: -10.79%
• 1M: -19.50%
• YTD: -12.60%
• 6M: -6.38%
• 1Y: 61.89%
• 3Y*: 55.50%
• 5Y*: —
• 10Y*: —

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

GBUG vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025
GBUG Sprott Active Gold & Silver Miners ETF	-11.03%	119.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-12.60%	151.49%

Correlation

The correlation between GBUG and GDMN is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.93

The correlation between GBUG and GDMN has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

GBUG vs. GDMN — Risk / Return Rank

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

GBUG

GBUG Risk / Return Rank: 28
GBUG Sharpe Ratio Rank: 28
GBUG Sortino Ratio Rank: 27
GBUG Omega Ratio Rank: 30
GBUG Calmar Ratio Rank: 30
GBUG Martin Ratio Rank: 27

GDMN

GDMN Risk / Return Rank: 29
GDMN Sharpe Ratio Rank: 29
GDMN Sortino Ratio Rank: 28
GDMN Omega Ratio Rank: 32
GDMN Calmar Ratio Rank: 31
GDMN Martin Ratio Rank: 27

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.

GBUG vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Gold & Silver Miners ETF (GBUG) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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.

	GBUG	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.00	-0.05
Sortino ratio: Return per unit of downside risk	1.38	1.46	-0.07
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.39	1.46	-0.07
Martin ratio: Return relative to average drawdown	3.65	3.68	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBUG vs. GDMN - Sharpe Ratio Comparison

The current GBUG Sharpe Ratio is 0.95, which is comparable to the GDMN Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of GBUG and GDMN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GBUG	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.00	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.74	+0.68

Drawdowns

GBUG vs. GDMN - Drawdown Comparison

The maximum GBUG drawdown since its inception was -33.18%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for GBUG and GDMN.

Drawdown Indicators

	GBUG	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-33.18%	-52.82%	+19.64%
Max Drawdown (1Y) Largest decline over 1 year	-33.18%	-42.63%	+9.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.63%	—
Current Drawdown Current decline from peak	-33.18%	-42.63%	+9.45%
Average Drawdown Average peak-to-trough decline	-7.75%	-18.92%	+11.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.70%	16.88%	-4.18%

Volatility

GBUG vs. GDMN - Volatility Comparison

The current volatility for Sprott Active Gold & Silver Miners ETF (GBUG) is 16.65%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.84%. This indicates that GBUG experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBUG	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.65%	18.84%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	40.73%	53.03%	-12.30%
Volatility (1Y) Calculated over the trailing 1-year period	48.66%	62.34%	-13.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.05%	47.84%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.05%	47.84%	+0.21%

GBUG vs. GDMN - Expense Ratio Comparison

GBUG has a 0.89% expense ratio, which is higher than GDMN's 0.45% expense ratio.

Dividends

GBUG vs. GDMN - Dividend Comparison

GBUG's dividend yield for the trailing twelve months is around 1.75%, less than GDMN's 3.09% yield.

Position	TTM	2025	2024	2023	2022
GBUG Sprott Active Gold & Silver Miners ETF	1.75%	1.56%	0.00%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.09%	2.70%	9.44%	7.69%	1.44%

Frequently Asked Questions

Can I hold both GBUG and GDMN in my portfolio?

With a correlation of 0.94, GBUG and GDMN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GBUG or GDMN?

GDMN has higher volatility (18.84%) compared to GBUG (16.65%). In terms of maximum drawdown, GBUG dropped -33.18% vs GDMN's -52.82%.

Which ETF is better, GBUG or GDMN?

On 1-year performance, GDMN leads with 61.89% vs 46.03% for GBUG. On fees, GDMN is cheaper at 0.45% per year. On volatility, GBUG has been the lower-risk option at 16.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GBUG or GDMN?

Over the 1-year period, GDMN has performed better with a 61.89% return vs 46.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GBUG or GDMN?

GDMN is cheaper with a 0.45% expense ratio, compared with 0.89% for GBUG.

Which ETF pays a higher dividend yield, GBUG or GDMN?

GDMN has the higher dividend yield at 3.09%, compared with 1.75% for GBUG.

What is the main difference between GBUG and GDMN?

GBUG is categorized as Gold, while GDMN is Commodities. They also come from different issuers: Sprott and WisdomTree. Their fees differ too: 0.89% for GBUG and 0.45% for GDMN.

Which has better risk-adjusted returns?

GDMN currently has the higher Sharpe Ratio (1.00 vs 0.95), 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.