GDE vs. BAR

Last updated Jun 4, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and BAR (GraniteShares Gold Trust) are both Gold funds. GDE is actively managed, while BAR is passively managed. Over the past 3 years, GDE returned 46.68%/yr vs 31.38%/yr for BAR. A 0.73 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.17%/yr for BAR.

Performance

GDE vs. BAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and GraniteShares Gold Trust (BAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a 9.79% return, which is significantly higher than BAR's 2.94% return.

GDE

• 1D: -1.35%
• 1M: 1.88%
• YTD: 9.79%
• 6M: 11.87%
• 1Y: 53.13%
• 3Y*: 46.68%
• 5Y*: —
• 10Y*: —

BAR

• 1D: -1.02%
• 1M: -1.62%
• YTD: 2.94%
• 6M: 5.50%
• 1Y: 32.26%
• 3Y*: 31.38%
• 5Y*: 18.41%
• 10Y*: —

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

GDE vs. BAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	9.79%	73.76%	44.79%	33.85%	-18.67%
BAR GraniteShares Gold Trust	2.94%	64.12%	26.97%	12.96%	-6.04%

Correlation

The correlation between GDE and BAR is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.73

The correlation between GDE and BAR shifts across timeframes, from 0.73 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GDE vs. BAR — Risk / Return Rank

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

GDE

GDE Risk / Return Rank: 49
GDE Sharpe Ratio Rank: 54
GDE Sortino Ratio Rank: 45
GDE Omega Ratio Rank: 54
GDE Calmar Ratio Rank: 47
GDE Martin Ratio Rank: 44

BAR

BAR Risk / Return Rank: 32
BAR Sharpe Ratio Rank: 33
BAR Sortino Ratio Rank: 30
BAR Omega Ratio Rank: 36
BAR Calmar Ratio Rank: 34
BAR Martin Ratio Rank: 29

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.

GDE vs. BAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and GraniteShares Gold Trust (BAR). 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.

	GDE	BAR	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.23	+0.65
Sortino ratio: Return per unit of downside risk	2.32	1.62	+0.70
Omega ratio: Gain probability vs. loss probability	1.34	1.25	+0.09
Calmar ratio: Return relative to maximum drawdown	2.36	1.69	+0.67
Martin ratio: Return relative to average drawdown	7.34	4.19	+3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDE vs. BAR - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.88, which is higher than the BAR Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of GDE and BAR, 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

	GDE	BAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.23	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.90	+0.25

Drawdowns

GDE vs. BAR - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for GDE and BAR.

Drawdown Indicators

	GDE	BAR	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-21.53%	-10.48%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-19.19%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	-19.19%	-3.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.91%	—
Current Drawdown Current decline from peak	-11.17%	-17.72%	+6.55%
Average Drawdown Average peak-to-trough decline	-7.88%	-6.45%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.26%	7.72%	-0.46%

Volatility

GDE vs. BAR - Volatility Comparison

WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 6.65% compared to GraniteShares Gold Trust (BAR) at 5.46%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than BAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	BAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	5.46%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	24.24%	23.03%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	28.39%	26.43%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.12%	17.90%	+8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.12%	16.38%	+9.74%

GDE vs. BAR - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is higher than BAR's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GDE vs. BAR - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 3.94%, while BAR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BAR GraniteShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.94%	4.32%	7.14%	2.22%	0.81%

Frequently Asked Questions

Can I hold both GDE and BAR in my portfolio?

GDE and BAR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDE or BAR?

GDE has higher volatility (6.65%) compared to BAR (5.46%). In terms of maximum drawdown, GDE dropped -32.01% vs BAR's -21.53%.

Which ETF is better, GDE or BAR?

On 3-year performance, GDE leads with 46.68% vs 31.38% for BAR. On fees, BAR is cheaper at 0.17% per year. On volatility, BAR has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or BAR?

Over the 3-year period, GDE has performed better with a 46.68% return vs 31.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or BAR?

BAR is cheaper with a 0.17% expense ratio, compared with 0.20% for GDE.

Which ETF pays a higher dividend yield, GDE or BAR?

GDE has the higher dividend yield at 3.94%, compared with 0.00% for BAR.

What is the main difference between GDE and BAR?

They also come from different issuers: WisdomTree and GraniteShares. Their fees differ too: 0.20% for GDE and 0.17% for BAR.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.88 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.