Correlation
The correlation between GDE and GLD is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GDE vs. GLD
Compare and contrast key facts about WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and SPDR Gold Trust (GLD).
GDE and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDE or GLD.
Performance
GDE vs. GLD - Performance Comparison
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Key characteristics
GDE:
1.75
GLD:
2.47
GDE:
2.08
GLD:
2.85
GDE:
1.28
GLD:
1.36
GDE:
2.39
GLD:
4.70
GDE:
9.83
GLD:
12.79
GDE:
4.00%
GLD:
2.98%
GDE:
26.74%
GLD:
17.94%
GDE:
-32.01%
GLD:
-45.56%
GDE:
-0.60%
GLD:
-1.85%
Returns By Period
In the year-to-date period, GDE achieves a 21.46% return, which is significantly lower than GLD's 27.93% return.
GDE
21.46%
5.45%
16.23%
44.95%
31.50%
N/A
N/A
GLD
27.93%
0.55%
23.98%
43.46%
21.17%
13.67%
10.52%
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GDE vs. GLD - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
GDE vs. GLD — Risk-Adjusted Performance Rank
GDE
GLD
GDE vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and SPDR Gold Trust (GLD). 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.
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Dividends
GDE vs. GLD - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 5.87%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.87% | 7.14% | 2.22% | 0.81% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GDE vs. GLD - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GDE and GLD.
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Volatility
GDE vs. GLD - Volatility Comparison
The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 6.38%, while SPDR Gold Trust (GLD) has a volatility of 7.95%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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