GDE vs. LUG.TO
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree, while LUG.TO (Lundin Gold Inc.) is a stock. Over the past 3 years, GDE returned 42.64%/yr vs 77.08%/yr for LUG.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
GDE vs. LUG.TO - Performance Comparison
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Different Trading Currencies
GDE is traded in USD, while LUG.TO is traded in CAD. To make them comparable, the LUG.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDE achieves a 3.16% return, which is significantly higher than LUG.TO's -27.86% return.
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
LUG.TO
- 1D
- 0.89%
- 1M
- -6.24%
- YTD
- -27.86%
- 6M
- -25.73%
- 1Y
- 12.99%
- 3Y*
- 77.08%
- 5Y*
- 48.83%
- 10Y*
- 31.56%
GDE vs. LUG.TO - 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% |
LUG.TO Lundin Gold Inc. | -27.86% | 309.94% | 76.65% | 32.70% | 24.01% |
Correlation
The correlation between GDE and LUG.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.50 |
The correlation between GDE and LUG.TO shifts across timeframes, from 0.50 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDE vs. LUG.TO — Risk / Return Rank
GDE
LUG.TO
GDE vs. LUG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Lundin Gold Inc. (LUG.TO). 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 | LUG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.38 | +1.45 |
| Martin ratioReturn relative to average drawdown | 5.36 | 1.04 | +4.32 |
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Drawdowns
GDE vs. LUG.TO - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum LUG.TO drawdown of -95.13%. Use the drawdown chart below to compare losses from any high point for GDE and LUG.TO.
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Drawdown Indicators
| GDE | LUG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -95.13% | +63.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -39.12% | +16.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -39.12% | +16.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.50% | — |
Current DrawdownCurrent decline from peak | -16.53% | -36.11% | +19.58% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -71.98% | +64.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 14.44% | -6.71% |
Volatility
GDE vs. LUG.TO - Volatility Comparison
The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 10.77%, while Lundin Gold Inc. (LUG.TO) has a volatility of 17.98%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than LUG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDE | LUG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 17.98% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 41.95% | -15.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.88% | 56.02% | -26.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 46.84% | -19.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 43.77% | -16.68% |
Dividends
GDE vs. LUG.TO - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.19%, less than LUG.TO's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% |
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% |
Frequently Asked Questions
GDE and LUG.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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