GDE vs. BGLD
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while BGLD is a Defined Outcome fund actively managed by FT Vest. Both are actively managed. Over the past 3 years, GDE returned 40.14%/yr vs 18.04%/yr for BGLD. Their 0.61 correlation means they have sometimes moved together and sometimes differently. GDE charges 0.20%/yr vs 0.91%/yr for BGLD.
Performance
GDE vs. BGLD - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 0.83% return, which is significantly higher than BGLD's -3.76% return.
GDE
- 1D
- 1.69%
- 1M
- 0.11%
- 6M
- -6.46%
- YTD
- 0.83%
- 1Y
- 35.63%
- 3Y*
- 40.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.51%
BGLD
- 1D
- 0.25%
- 1M
- -0.33%
- 6M
- -7.23%
- YTD
- -3.76%
- 1Y
- 7.94%
- 3Y*
- 18.04%
- 5Y*
- 10.92%
- 10Y*
- —
- ALL TIME*
- 9.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $338.48K | $257.19K | $327.45K | |
| $5.45M | $8.45M | $9.78M |
GDE vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 0.83% | 73.76% | 44.79% | 33.85% | -8.58% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | -3.76% | 33.03% | 21.80% | 13.24% | -4.97% |
Correlation
The correlation between GDE and BGLD is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.61 |
The correlation between GDE and BGLD has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
GDE vs. BGLD — Risk / Return Rank
GDE
BGLD
GDE vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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 | BGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.64 | +0.94 |
| Martin ratioReturn relative to average drawdown | 3.45 | 1.44 | +2.01 |
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Drawdowns
GDE vs. BGLD - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for GDE and BGLD.
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Drawdown Indicators
| GDE | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -16.19% | -15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -12.43% | -10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -12.43% | -10.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Current DrawdownCurrent decline from peak | -18.42% | -11.00% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -3.85% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 5.53% | +4.84% |
Volatility
GDE vs. BGLD - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 8.13% compared to FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) at 2.65%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 2.65% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 24.41% | 10.19% | +14.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.15% | 12.42% | +18.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.12% | 10.23% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 10.03% | +17.09% |
GDE vs. BGLD - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Dividends
GDE vs. BGLD - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.28%, less than BGLD's 46.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 46.06% | 44.32% | 25.04% | 10.49% | 0.40% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.28% | 4.32% | 7.14% | 2.22% | 0.81% |
Frequently Asked Questions
GDE and BGLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (8.13%) compared to BGLD (2.65%). In terms of maximum drawdown, GDE dropped -32.01% vs BGLD's -16.19%.
On 3-year performance, GDE leads with 40.14% vs 18.04% for BGLD. On fees, GDE is cheaper at 0.20% per year. On volatility, BGLD has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 40.14% return vs 18.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.91% for BGLD.
BGLD has the higher dividend yield at 46.06%, compared with 4.28% for GDE.
GDE is categorized as Gold, while BGLD is Defined Outcome. They also come from different issuers: WisdomTree and FT Vest. Their fees differ too: 0.20% for GDE and 0.91% for BGLD.
GDE currently has the higher Sharpe Ratio (1.15 vs 0.64), 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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