GDE vs. ARCC
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree, while ARCC (Ares Capital Corporation) is a stock. Over the past 3 years, GDE returned 42.64%/yr vs 10.27%/yr for ARCC. At a 0.36 correlation, their price movements are largely independent.
Performance
GDE vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 3.16% return, which is significantly higher than ARCC's -2.20% return.
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
ARCC
- 1D
- 1.00%
- 1M
- 1.90%
- YTD
- -2.20%
- 6M
- -2.87%
- 1Y
- -3.87%
- 3Y*
- 10.27%
- 5Y*
- 9.04%
- 10Y*
- 13.20%
GDE vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
ARCC Ares Capital Corporation | -2.20% | 1.07% | 19.78% | 20.03% | -1.18% |
Correlation
The correlation between GDE and ARCC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.36 |
The correlation between GDE and ARCC shifts across timeframes, from 0.20 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GDE vs. ARCC — Risk / Return Rank
GDE
ARCC
GDE vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Ares Capital Corporation (ARCC). 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.
| GDE | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.26 | +2.10 |
| Martin ratioReturn relative to average drawdown | 5.36 | -0.47 | +5.84 |
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Drawdowns
GDE vs. ARCC - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for GDE and ARCC.
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Drawdown Indicators
| GDE | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -79.36% | +47.35% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -19.35% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -19.35% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -16.53% | -10.98% | -5.55% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -9.10% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 10.68% | -2.95% |
Volatility
GDE vs. ARCC - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 10.77% compared to Ares Capital Corporation (ARCC) at 3.72%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 3.72% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 14.83% | +11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.88% | 18.48% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 19.96% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 25.58% | +1.51% |
Dividends
GDE vs. ARCC - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.19%, less than ARCC's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 7.48% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDE and ARCC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (10.77%) compared to ARCC (3.72%). In terms of maximum drawdown, GDE dropped -32.01% vs ARCC's -79.36%.
GDE currently has the higher Sharpe Ratio (1.39 vs -0.27), 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.
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