GDE vs. GLDM
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and GLDM (SPDR Gold MiniShares Trust) are both Gold funds. GDE is actively managed, while GLDM is passively managed. Over the past 3 years, GDE returned 46.68%/yr vs 31.49%/yr for GLDM. A 0.73 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.10%/yr for GLDM.
Performance
GDE vs. GLDM - 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 GLDM's 3.00% return.
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
GLDM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.60%
- 1Y
- 32.42%
- 3Y*
- 31.49%
- 5Y*
- 18.49%
- 10Y*
- —
GDE vs. GLDM - 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% |
GLDM SPDR Gold MiniShares Trust | 3.00% | 64.20% | 27.08% | 13.04% | -6.00% |
Correlation
The correlation between GDE and GLDM is 0.86, 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 | 0.86 |
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 GLDM shifts across timeframes, from 0.73 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDE vs. GLDM — Risk / Return Rank
GDE
GLDM
GDE vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.70 | +0.65 |
| Martin ratioReturn relative to average drawdown | 7.34 | 4.23 | +3.11 |
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 | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.24 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 1.02 | +0.13 |
Drawdowns
GDE vs. GLDM - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GDE and GLDM.
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Drawdown Indicators
| GDE | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -21.63% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -19.14% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -19.14% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Current DrawdownCurrent decline from peak | -11.17% | -17.65% | +6.48% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -6.22% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 7.69% | -0.43% |
Volatility
GDE vs. GLDM - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 6.65% compared to SPDR Gold MiniShares Trust (GLDM) at 5.47%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 5.47% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 24.24% | 22.99% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.39% | 26.39% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.12% | 17.91% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 16.85% | +9.27% |
GDE vs. GLDM - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is higher than GLDM's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GDE vs. GLDM - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 3.94%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDE and GLDM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.65%) compared to GLDM (5.47%). In terms of maximum drawdown, GDE dropped -32.01% vs GLDM's -21.63%.
On 3-year performance, GDE leads with 46.68% vs 31.49% for GLDM. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 5.47%. 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 31.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.20% for GDE.
GDE has the higher dividend yield at 3.94%, compared with 0.00% for GLDM.
They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.20% for GDE and 0.10% for GLDM.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.24), 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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