GDE vs. KBWP
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and KBWP (Invesco KBW Property & Casualty Insurance ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while KBWP is a Financials Equities fund tracking the KBW Nasdaq Property & Casualty (TR). GDE is actively managed, while KBWP is passively managed. Over the past 3 years, GDE returned 42.64%/yr vs 16.13%/yr for KBWP. At a 0.22 correlation, their price movements are largely independent. GDE charges 0.20%/yr vs 0.35%/yr for KBWP.
Performance
GDE vs. KBWP - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 3.16% return, which is significantly higher than KBWP's -3.45% return.
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
KBWP
- 1D
- 0.54%
- 1M
- 3.51%
- YTD
- -3.45%
- 6M
- -2.31%
- 1Y
- 1.98%
- 3Y*
- 16.13%
- 5Y*
- 11.67%
- 10Y*
- 12.09%
GDE vs. KBWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
KBWP Invesco KBW Property & Casualty Insurance ETF | -3.45% | 11.49% | 30.45% | 7.09% | 5.60% |
Correlation
The correlation between GDE and KBWP is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.22 |
The correlation between GDE and KBWP shifts across timeframes, from -0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GDE vs. KBWP — Risk / Return Rank
GDE
KBWP
GDE vs. KBWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDE | KBWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.02 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.11 | +1.72 |
| Martin ratioReturn relative to average drawdown | 5.36 | 0.24 | +5.12 |
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Drawdowns
GDE vs. KBWP - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum KBWP drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for GDE and KBWP.
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Drawdown Indicators
| GDE | KBWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -39.76% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -9.56% | -13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -12.29% | -10.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.76% | — |
Current DrawdownCurrent decline from peak | -16.53% | -4.25% | -12.28% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -4.37% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 4.31% | +3.42% |
Volatility
GDE vs. KBWP - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 10.77% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 5.73%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | KBWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 5.73% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 12.10% | +13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.88% | 16.50% | +13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 18.60% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 20.73% | +6.36% |
GDE vs. KBWP - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than KBWP's 0.35% expense ratio.
Dividends
GDE vs. KBWP - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.19%, more than KBWP's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.92% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
Frequently Asked Questions
GDE and KBWP have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (10.77%) compared to KBWP (5.73%). In terms of maximum drawdown, GDE dropped -32.01% vs KBWP's -39.76%.
On 3-year performance, GDE leads with 42.64% vs 16.13% for KBWP. On fees, GDE is cheaper at 0.20% per year. On volatility, KBWP has been the lower-risk option at 5.73%. 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 42.64% return vs 16.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.35% for KBWP.
GDE has the higher dividend yield at 4.19%, compared with 1.92% for KBWP.
GDE is categorized as Gold, while KBWP is Financials Equities. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.20% for GDE and 0.35% for KBWP.
GDE currently has the higher Sharpe Ratio (1.39 vs 0.06), 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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