GDE vs. GBUG

Last updated Jun 5, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and GBUG (Sprott Active Gold & Silver Miners ETF) are both Gold funds. Both are actively managed. Over the past year, GDE returned 54.50% vs 63.04% for GBUG. A 0.73 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.89%/yr for GBUG.

Performance

GDE vs. GBUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Sprott Active Gold & Silver Miners ETF (GBUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a 11.25% return, which is significantly higher than GBUG's -1.44% return.

GDE

• 1D: 1.33%
• 1M: 2.08%
• YTD: 11.25%
• 6M: 13.51%
• 1Y: 54.50%
• 3Y*: 47.08%
• 5Y*: —
• 10Y*: —

GBUG

• 1D: 1.17%
• 1M: 0.96%
• YTD: -1.44%
• 6M: 7.57%
• 1Y: 63.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDE vs. GBUG - Yearly Performance Comparison

	2026 (YTD)	2025
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	11.25%	52.47%
GBUG Sprott Active Gold & Silver Miners ETF	-1.44%	119.00%

Correlation

The correlation between GDE and GBUG is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.73

The correlation between GDE and GBUG has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

GDE vs. GBUG — Risk / Return Rank

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

GDE

GDE Risk / Return Rank: 52
GDE Sharpe Ratio Rank: 58
GDE Sortino Ratio Rank: 49
GDE Omega Ratio Rank: 58
GDE Calmar Ratio Rank: 50
GDE Martin Ratio Rank: 46

GBUG

GBUG Risk / Return Rank: 37
GBUG Sharpe Ratio Rank: 38
GBUG Sortino Ratio Rank: 33
GBUG Omega Ratio Rank: 38
GBUG Calmar Ratio Rank: 41
GBUG Martin Ratio Rank: 34

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. GBUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Sprott Active Gold & Silver Miners ETF (GBUG). 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	GBUG	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.33	+0.60
Sortino ratio: Return per unit of downside risk	2.36	1.74	+0.62
Omega ratio: Gain probability vs. loss probability	1.35	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	2.42	1.97	+0.44
Martin ratio: Return relative to average drawdown	7.50	5.05	+2.45
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. GBUG - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.93, which is higher than the GBUG Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of GDE and GBUG, 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	GBUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.33	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.74	-0.58

Drawdowns

GDE vs. GBUG - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, roughly equal to the maximum GBUG drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for GDE and GBUG.

Drawdown Indicators

	GDE	GBUG	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-32.10%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-32.10%	+9.44%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	—	—
Current Drawdown Current decline from peak	-9.99%	-25.98%	+15.99%
Average Drawdown Average peak-to-trough decline	-7.89%	-7.68%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.29%	12.52%	-5.23%

Volatility

GDE vs. GBUG - Volatility Comparison

The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 6.68%, while Sprott Active Gold & Silver Miners ETF (GBUG) has a volatility of 15.44%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than GBUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	GBUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	15.44%	-8.76%
Volatility (6M) Calculated over the trailing 6-month period	24.27%	39.41%	-15.14%
Volatility (1Y) Calculated over the trailing 1-year period	28.41%	47.62%	-19.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.12%	47.31%	-21.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.12%	47.31%	-21.19%

GDE vs. GBUG - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than GBUG's 0.89% expense ratio.

Dividends

GDE vs. GBUG - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 3.88%, more than GBUG's 1.58% yield.

Position	TTM	2025	2024	2023	2022
GBUG Sprott Active Gold & Silver Miners ETF	1.58%	1.56%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.88%	4.32%	7.14%	2.22%	0.81%

Frequently Asked Questions

Can I hold both GDE and GBUG in my portfolio?

GDE and GBUG have a correlation of 0.76, 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 GBUG?

GBUG has higher volatility (15.44%) compared to GDE (6.68%). In terms of maximum drawdown, GDE dropped -32.01% vs GBUG's -32.10%.

Which ETF is better, GDE or GBUG?

On 1-year performance, GBUG leads with 63.04% vs 54.50% for GDE. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 6.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or GBUG?

Over the 1-year period, GBUG has performed better with a 63.04% return vs 54.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or GBUG?

GDE is cheaper with a 0.20% expense ratio, compared with 0.89% for GBUG.

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

GDE has the higher dividend yield at 3.88%, compared with 1.58% for GBUG.

What is the main difference between GDE and GBUG?

They also come from different issuers: WisdomTree and Sprott. Their fees differ too: 0.20% for GDE and 0.89% for GBUG.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.93 vs 1.33), 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.