GDE vs. FMTM

Last updated Jun 9, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while FMTM is a Momentum fund. Both are actively managed. Over the past year, GDE returned 47.93% vs 56.61% for FMTM. A 0.52 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.45%/yr for FMTM.

Performance

GDE vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a 5.74% return, which is significantly lower than FMTM's 26.52% return.

GDE

• 1D: 0.95%
• 1M: -7.44%
• YTD: 5.74%
• 6M: 8.50%
• 1Y: 47.93%
• 3Y*: 44.47%
• 5Y*: —
• 10Y*: —

FMTM

• 1D: 0.99%
• 1M: 1.00%
• YTD: 26.52%
• 6M: 27.75%
• 1Y: 56.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDE vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	5.74%	58.51%
FMTM MarketDesk Focused U.S. Momentum ETF	26.52%	28.21%

Correlation

The correlation between GDE and FMTM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.52

The correlation between GDE and FMTM has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

Return for Risk

GDE vs. FMTM — 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: 47
GDE Omega Ratio Rank: 54
GDE Calmar Ratio Rank: 47
GDE Martin Ratio Rank: 43

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 75
FMTM Omega Ratio Rank: 77
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.44	-0.78
Sortino ratio: Return per unit of downside risk	2.07	3.01	-0.93
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.13	4.69	-2.57
Martin ratio: Return relative to average drawdown	6.49	18.21	-11.72
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. FMTM - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.66, which is lower than the FMTM Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GDE and FMTM, 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	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.44	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	2.10	-1.01

Drawdowns

GDE vs. FMTM - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for GDE and FMTM.

Drawdown Indicators

	GDE	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-12.12%	-19.89%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-12.12%	-10.54%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	—	—
Current Drawdown Current decline from peak	-14.44%	-3.97%	-10.47%
Average Drawdown Average peak-to-trough decline	-7.90%	-1.90%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	3.12%	+4.28%

Volatility

GDE vs. FMTM - Volatility Comparison

WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 8.25% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 7.81%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	7.81%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	18.47%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	29.09%	23.39%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.26%	23.26%	+3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.26%	23.26%	+3.00%

GDE vs. FMTM - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

GDE vs. FMTM - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 4.09%, more than FMTM's 0.23% yield.

Position	TTM	2025	2024	2023	2022
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.09%	4.32%	7.14%	2.22%	0.81%

Frequently Asked Questions

Can I hold both GDE and FMTM in my portfolio?

GDE and FMTM have a correlation of 0.53, 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 FMTM?

GDE has higher volatility (8.25%) compared to FMTM (7.81%). In terms of maximum drawdown, GDE dropped -32.01% vs FMTM's -12.12%.

Which ETF is better, GDE or FMTM?

On 1-year performance, FMTM leads with 56.61% vs 47.93% for GDE. On fees, GDE is cheaper at 0.20% per year. On volatility, FMTM has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or FMTM?

Over the 1-year period, FMTM has performed better with a 56.61% return vs 47.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or FMTM?

GDE is cheaper with a 0.20% expense ratio, compared with 0.45% for FMTM.

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

GDE has the higher dividend yield at 4.09%, compared with 0.23% for FMTM.

What is the main difference between GDE and FMTM?

GDE is categorized as Gold, while FMTM is Momentum. Their fees differ too: 0.20% for GDE and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.44 vs 1.66), 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.