GDE vs. FSELX

Last updated Jun 9, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and FSELX (Fidelity Select Semiconductors Portfolio) are both funds - GDE is a Gold fund actively managed by WisdomTree, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 3 years, GDE returned 44.47%/yr vs 63.14%/yr for FSELX. A 0.52 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.68%/yr for FSELX.

Performance

GDE vs. FSELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Fidelity Select Semiconductors Portfolio (FSELX). 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 FSELX's 66.12% return.

GDE

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

FSELX

• 1D: -9.27%
• 1M: 5.76%
• YTD: 66.12%
• 6M: 60.36%
• 1Y: 135.04%
• 3Y*: 63.14%
• 5Y*: 43.03%
• 10Y*: 37.56%

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

GDE vs. FSELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	5.74%	73.76%	44.79%	33.85%	-18.67%
FSELX Fidelity Select Semiconductors Portfolio	66.12%	52.17%	49.68%	78.49%	-24.47%

Correlation

The correlation between GDE and FSELX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.52

The correlation between GDE and FSELX shifts across timeframes, from 0.42 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GDE vs. FSELX — 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

FSELX

FSELX Risk / Return Rank: 93
FSELX Sharpe Ratio Rank: 99
FSELX Sortino Ratio Rank: 87
FSELX Omega Ratio Rank: 85
FSELX Calmar Ratio Rank: 98
FSELX Martin Ratio Rank: 98

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. FSELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Fidelity Select Semiconductors Portfolio (FSELX). 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	FSELX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	4.00	-2.34
Sortino ratio: Return per unit of downside risk	2.07	4.09	-2.01
Omega ratio: Gain probability vs. loss probability	1.31	1.57	-0.27
Calmar ratio: Return relative to maximum drawdown	2.13	9.48	-7.36
Martin ratio: Return relative to average drawdown	6.49	35.79	-29.30
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. FSELX - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.66, which is lower than the FSELX Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of GDE and FSELX, 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	FSELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	4.00	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.54	+0.56

Drawdowns

GDE vs. FSELX - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for GDE and FSELX.

Drawdown Indicators

	GDE	FSELX	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-82.54%	+50.53%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-14.38%	-8.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	-36.31%	+13.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.37%	—
Current Drawdown Current decline from peak	-14.44%	-10.89%	-3.55%
Average Drawdown Average peak-to-trough decline	-7.90%	-28.69%	+20.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.40%	3.80%	+3.60%

Volatility

GDE vs. FSELX - Volatility Comparison

The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 8.25%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 15.95%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	FSELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	15.95%	-7.70%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	27.45%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	29.09%	34.06%	-4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.26%	39.17%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.26%	35.18%	-8.92%

GDE vs. FSELX - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than FSELX's 0.68% expense ratio.

Dividends

GDE vs. FSELX - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 4.09%, less than FSELX's 9.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSELX Fidelity Select Semiconductors Portfolio	9.86%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.09%	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

Can I hold both GDE and FSELX in my portfolio?

GDE and FSELX have a correlation of 0.42, 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 FSELX?

FSELX has higher volatility (15.95%) compared to GDE (8.25%). In terms of maximum drawdown, GDE dropped -32.01% vs FSELX's -82.54%.

Which has better risk-adjusted returns?

FSELX currently has the higher Sharpe Ratio (4.00 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.