GDE vs. HFEQ
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and HFEQ (Unlimited HFEQ Equity Long/Short ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while HFEQ is a Long-Short fund actively managed by Unlimited. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 1.00%/yr for HFEQ.
Performance
GDE vs. HFEQ - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 5.74% return, which is significantly lower than HFEQ's 9.98% return.
GDE
- 1D
- 0.95%
- 1M
- -7.44%
- YTD
- 5.74%
- 6M
- 8.50%
- 1Y
- 47.93%
- 3Y*
- 44.47%
- 5Y*
- —
- 10Y*
- —
HFEQ
- 1D
- -3.97%
- 1M
- -2.31%
- YTD
- 9.98%
- 6M
- 9.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDE vs. HFEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.74% | 34.27% |
HFEQ Unlimited HFEQ Equity Long/Short ETF | 9.98% | 14.35% |
Correlation
The correlation between GDE and HFEQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.63 |
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Return for Risk
GDE vs. HFEQ — Risk / Return Rank
GDE
HFEQ
GDE vs. HFEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Unlimited HFEQ Equity Long/Short ETF (HFEQ). 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 | HFEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | — | — |
| Martin ratioReturn relative to average drawdown | 6.49 | — | — |
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 | HFEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.37 | -0.27 |
Drawdowns
GDE vs. HFEQ - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, which is greater than HFEQ's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for GDE and HFEQ.
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Drawdown Indicators
| GDE | HFEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -12.46% | -19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | — | — |
Current DrawdownCurrent decline from peak | -14.44% | -3.97% | -10.47% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -2.45% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | — | — |
Volatility
GDE vs. HFEQ - Volatility Comparison
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Volatility by Period
| GDE | HFEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 25.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.09% | 21.94% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.26% | 21.94% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.26% | 21.94% | +4.32% |
GDE vs. HFEQ - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than HFEQ's 1.00% expense ratio.
Dividends
GDE vs. HFEQ - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.09%, while HFEQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.09% | 4.32% | 7.14% | 2.22% | 0.81% |
HFEQ Unlimited HFEQ Equity Long/Short ETF | 9.59% | 10.55% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDE and HFEQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDE is cheaper with a 0.20% expense ratio, compared with 1.00% for HFEQ.
HFEQ has the higher dividend yield at 9.59%, compared with 4.09% for GDE.
GDE is categorized as Gold, while HFEQ is Long-Short. They also come from different issuers: WisdomTree and Unlimited. Their fees differ too: 0.20% for GDE and 1.00% for HFEQ.
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