GDE vs. DBP
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and DBP (Invesco DB Precious Metals Fund) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return. GDE is actively managed, while DBP is passively managed. Over the past 3 years, GDE returned 46.68%/yr vs 32.54%/yr for DBP. A 0.73 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.78%/yr for DBP.
Performance
GDE vs. DBP - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 9.79% return, which is significantly higher than DBP's 2.13% return.
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
DBP
- 1D
- -1.42%
- 1M
- -1.48%
- YTD
- 2.13%
- 6M
- 8.68%
- 1Y
- 42.65%
- 3Y*
- 32.54%
- 5Y*
- 17.43%
- 10Y*
- 12.31%
GDE vs. DBP - 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% |
DBP Invesco DB Precious Metals Fund | 2.13% | 73.43% | 26.71% | 8.68% | -7.14% |
Correlation
The correlation between GDE and DBP is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.73 |
The correlation between GDE and DBP shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDE vs. DBP — Risk / Return Rank
GDE
DBP
GDE vs. DBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco DB Precious Metals Fund (DBP). 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 | DBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.68 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.34 | 4.01 | +3.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDE | DBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.32 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.43 | +0.72 |
Drawdowns
GDE vs. DBP - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum DBP drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for GDE and DBP.
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Drawdown Indicators
| GDE | DBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -53.89% | +21.88% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -25.48% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -25.48% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.36% | — |
Current DrawdownCurrent decline from peak | -11.17% | -23.04% | +11.87% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -25.42% | +17.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 10.67% | -3.41% |
Volatility
GDE vs. DBP - Volatility Comparison
The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 6.65%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 7.57%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | DBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 7.57% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 24.24% | 29.87% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.39% | 32.57% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.12% | 20.91% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 18.72% | +7.40% |
GDE vs. DBP - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than DBP's 0.78% expense ratio.
Dividends
GDE vs. DBP - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 3.94%, more than DBP's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.38% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDE and DBP have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBP has higher volatility (7.57%) compared to GDE (6.65%). In terms of maximum drawdown, GDE dropped -32.01% vs DBP's -53.89%.
On 3-year performance, GDE leads with 46.68% vs 32.54% for DBP. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 6.65%. 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 46.68% return vs 32.54%. 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 0.78% for DBP.
GDE has the higher dividend yield at 3.94%, compared with 2.38% for DBP.
GDE is categorized as Gold, while DBP is Precious Metals. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.20% for GDE and 0.78% for DBP.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.32), 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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