GCC vs. NTSX

Last updated Jun 5, 2026

GCC (WisdomTree Enhanced Commodity Strategy Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - GCC is a Commodities fund actively managed by WisdomTree, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, GCC returned 11.23%/yr vs 9.87%/yr for NTSX. At a 0.26 correlation, their price movements are largely independent. GCC charges 0.55%/yr vs 0.20%/yr for NTSX.

Performance

GCC vs. NTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Enhanced Commodity Strategy Fund (GCC) and WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCC achieves a 17.30% return, which is significantly higher than NTSX's 9.50% return.

GCC

• 1D: -1.12%
• 1M: -3.09%
• YTD: 17.30%
• 6M: 20.27%
• 1Y: 35.53%
• 3Y*: 18.58%
• 5Y*: 11.23%
• 10Y*: 6.59%

NTSX

• 1D: 0.81%
• 1M: 4.30%
• YTD: 9.50%
• 6M: 8.89%
• 1Y: 25.65%
• 3Y*: 19.75%
• 5Y*: 9.87%
• 10Y*: —

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

GCC vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GCC WisdomTree Enhanced Commodity Strategy Fund	17.30%	20.01%	15.13%	-3.72%	7.74%	19.96%	1.38%	7.07%	-3.20%
NTSX WisdomTree U.S. Efficient Core Fund	9.50%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%

Correlation

The correlation between GCC and NTSX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.26

The correlation between GCC and NTSX shifts across timeframes, from 0.15 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GCC vs. NTSX — Risk / Return Rank

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

GCC

GCC Risk / Return Rank: 66
GCC Sharpe Ratio Rank: 65
GCC Sortino Ratio Rank: 55
GCC Omega Ratio Rank: 67
GCC Calmar Ratio Rank: 71
GCC Martin Ratio Rank: 70

NTSX

NTSX Risk / Return Rank: 63
NTSX Sharpe Ratio Rank: 64
NTSX Sortino Ratio Rank: 62
NTSX Omega Ratio Rank: 63
NTSX Calmar Ratio Rank: 58
NTSX Martin Ratio Rank: 68

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.

GCC vs. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity Strategy Fund (GCC) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.

	GCC	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.09	+0.05
Sortino ratio: Return per unit of downside risk	2.61	2.84	-0.23
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.02
Calmar ratio: Return relative to maximum drawdown	3.48	2.81	+0.67
Martin ratio: Return relative to average drawdown	12.70	12.44	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCC vs. NTSX - Sharpe Ratio Comparison

The current GCC Sharpe Ratio is 2.14, which is comparable to the NTSX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of GCC and NTSX, 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

	GCC	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.09	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.58	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.72	-0.64

Drawdowns

GCC vs. NTSX - Drawdown Comparison

The maximum GCC drawdown since its inception was -63.19%, which is greater than NTSX's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GCC and NTSX.

Drawdown Indicators

	GCC	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-31.34%	-31.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-9.16%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	-16.82%	+5.60%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-31.34%	+4.27%
Max Drawdown (10Y) Largest decline over 10 years	-32.93%	—	—
Current Drawdown Current decline from peak	-6.34%	-0.25%	-6.09%
Average Drawdown Average peak-to-trough decline	-34.90%	-6.79%	-28.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.07%	+0.73%

Volatility

GCC vs. NTSX - Volatility Comparison

WisdomTree Enhanced Commodity Strategy Fund (GCC) has a higher volatility of 4.61% compared to WisdomTree U.S. Efficient Core Fund (NTSX) at 3.38%. This indicates that GCC's price experiences larger fluctuations and is considered to be riskier than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCC	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	3.38%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	14.81%	9.61%	+5.20%
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	12.32%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	17.04%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	18.27%	-3.50%

GCC vs. NTSX - Expense Ratio Comparison

GCC has a 0.55% expense ratio, which is higher than NTSX's 0.20% expense ratio.

Dividends

GCC vs. NTSX - Dividend Comparison

GCC's dividend yield for the trailing twelve months is around 5.66%, more than NTSX's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GCC WisdomTree Enhanced Commodity Strategy Fund	5.66%	6.64%	3.51%	3.68%	22.49%	9.76%	0.00%	0.00%	0.00%
NTSX WisdomTree U.S. Efficient Core Fund	1.07%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%

Frequently Asked Questions

Can I hold both GCC and NTSX in my portfolio?

GCC and NTSX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCC or NTSX?

GCC has higher volatility (4.61%) compared to NTSX (3.38%). In terms of maximum drawdown, GCC dropped -63.19% vs NTSX's -31.34%.

Which ETF is better, GCC or NTSX?

On 5-year performance, GCC leads with 11.23% vs 9.87% for NTSX. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCC or NTSX?

Over the 5-year period, GCC has performed better with a 11.23% return vs 9.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCC or NTSX?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.55% for GCC.

Which ETF pays a higher dividend yield, GCC or NTSX?

GCC has the higher dividend yield at 5.66%, compared with 1.07% for NTSX.

What is the main difference between GCC and NTSX?

GCC is categorized as Commodities, while NTSX is Diversified Portfolio. Their fees differ too: 0.55% for GCC and 0.20% for NTSX.

Which has better risk-adjusted returns?

GCC currently has the higher Sharpe Ratio (2.14 vs 2.09), 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.